Cash Consolidation Accounts

Is your organization currently operating with many branches, or thinking about opening a new branch, in other provinces/towns in Cambodia? You may want those branches to have their own account with a sufficient balance to ensure their individual operation. And you may also wish that the surplus from the sufficient balances of those accounts would be transferred automatically to your main account at the end of every period, right?

If so, one of our services called "Cash Consolidation Account" would meet your demand now. It clears the surplus balances from subsidiary accounts into a central account — often liked to a distributor collection facility.

Advantages

• Reduce risk, travel, and transfer money from one place to others;
• Easy to manage your finance;
• Efficiency time.

Fees

• Arrangement price: USD3.00
• Service price: USD0.20 + local transfer rate, if any
• Cancellation price: USD3.00

Forms used with this product/service

• Cash Consolidation Account Application Form
• Cash Consolidation Account Cancellation Form

Note:

• Cash Management services other than Foreign Exchange, Traveller's Cheque, Cashier's Cheque, Foreign Cheque Purchase and Safe Box services are only available to customers having an account with ACLEDA Bank. Please contact our officer on how to open an account with ACLEDA Bank.
• Restrictions on opening accounts in certain currencies may apply from time to time according to market conditions. Please check with our bank.