Deposits

Deposit is a service which the bank keeps and manages cash, security box, or valuable items that our customers put in ACLEDA Bank Plc.

ACLEDA Bank provides many kinds of deposit service such as: Savings Account, Demand Deposit, Current Account , Fixed Deposit, Corporate Deposit, Trust Account for Real Estate, Euro Flex Account, and Trust Services.

Qualifications

Deposit services can be accessed by everybody who is legal and at least 18 years old (businessmen or businesswomen, housewives, students, employees, workers, ministers, etc.) or legal corporations (companies, organization, development project, departments, government ministries, etc.)

Foreigners and foreign companies who are entities and legal people living and working under the Cambodian law can open account for individual or corporate customers as well.

Information on procedures and other requirements for opening, operating, and closing account from overseas

The operating manual on opening, operating, and closing account from overseas is developed to serve the legally and regularly income-earned customers who are living abroad, and they intend to operate any account amongst the accounts of the deposit service of ACLEDA Bank Plc.

Currencies

ACLEDA Bank Plc allows customers to open any account from overseas with currencies which formally operated by the Bank or in accordance with any special arrangement.

Terms and conditions for account opening

• For individual
  Applicant has to complete the account opening application and also attach the following supported documents:
• A copy of passport, identification card, or any valid identification;
• A certification made by process agent and/or notary public that has valid operations nearby customer's living areas;
• Make initial deposit; otherwise, there must be prior approval from the Bank.
• For corporate
  Applicant has to complete the application and also attach to the following supported documents:
• Patent;
• Business registration certificate;
• Memorandum and articles of association;
• Identification of applicant and/or board member;
• Financial Statements, if available;
• Proxy or resolution of board of directors;
• Anti-money laundering policy (for Banking or financial institution);
• Annual report, if available;
• Certification made by notary public or ACLEDA Bank's international correspondent that has valid operations nearby customer's living areas.

It is important to note that all documents sent to ACLEDA Bank for account opening must officially be translated into English by any institution recognized by the government.

Terms and conditions for account operations

Deposit

Customer is able to deposit into his/her account by cash transfer, by using with other services such as cash collection or standing order, or by third party's transactions.

Withdrawal

• Non-SWIFT Member
• For individual
  Customer can make withdrawal as below:
• Instruction or payment order mush be made through personal electronic mail or facsimile;
• Customer can make withdrawal by using other Banking services such as payment service or standing order.
• For corporate
  Customer can make withdrawal through the instruction in writing as below:
• Instruction or payment order must be made through the institution's electronic mail or facsimile;
• Send the original documents to ACLEDA Bank Plc. through any courier service;
• Cash withdrawal is made through other Banking services.
• SWIFT Member
  In this case, instruction or payment order is to be operated through SWIFT operating system.

Alteration

Customer must notice the Bank in writing for changing account information from overseas by electronic mail or facsimile.

Account closing

• For individual, the account holder has to complete the account closing forms provided by the Bank. For Joint/corporate customers, the account holder must give notice in writing to the Bank by electronic mail and facsimile;
• Fees may be charged with a certain amount as determined by the Bank if you close account within three (3) months from the opening date of the account;
• You must return passbook or the unused check books if you close your account;
• The Bank may close any account with a nil balance for the period of six (6) months or give notice to the customer to close the account at anytime and shall not need to give the reason(s) for the account closing.

Prudential conditions

In Case the passbook or check book is lost or stolen, account holder must immediately inform the Bank of such information: date, time, and place where the passbook or check book has been lost or stolen. The Bank will stop all account operations after receiving the information. The Bank has no liability for any settlement with this account before receiving customer's notification.

Due to the lost or stolen passbook or check book, the Bank will provide a new passbook or check book for the customers to use with the existing account name and number. However, the customers shall be required to pay for fee as determined by the Bank.

Forms used with this product/service

• Personal Customer Registration and Cards Application Form (Form-ATM 0001-1)
• Corporate Customer Registration (Form-B1)
• Account Opening Application (Form:50-113)
• Corporate Specimen Signature (Form-B1.2)
• Specimen Signature for Personal Account (Form-A1.2)
• Deposit Voucher (Form-C2)
• Withdrawal Voucher (Form-C1)
• Card or Account Blocking / Unblocking / Cancellation Form (Form-ATM0006-1)
• Closing Account Application (Form:50-109)