Effectively Manage Your Business Funds with the Ultimate Cash Flow Solution
At Prince Bank, we understand your need for flexibility in transactions. That's why we offer the Business Plus Account - a solution that provides a highly competitive interest rate calculated daily. This guarantees customized interest rates that cater to your business needs and situation with minimal effort on your part. So, you can rest assured that you're making the right choice for your business with us.
Key Features and Benefits
- Currency: KHR or USD
- Initial deposit is KHR 20,000,000 or USD 5,000
- No minimum balance
- Account maintenance fee is USD 10 if the End Of Day balance falls below USD 1,000 and no account maintenance fee for KHR account.
- Early Account closure fee (<3 months): USD 20 and no-account close fee for KHR Account.
- Free batch transfer via SME web (Prince Bank accounts only)
- Free register for PRINCE MobileBiz App
Interest Rate (p.a.)
| Monthly Average Balance in USD | Interest Rate (p.a.) |
|---|---|
| >= 5,000 to 30,000 | 1% |
| > 30,000 to 100,000 | 1.5% |
| > 100,000 | 2% |
| Monthly Average Balance in KHR | Interest Rate (p.a.) |
|---|---|
| >= 20,000,000 to 120,000,000 | 1.25% |
| > 120,000,000 to 400,000,000 | 1.75% |
| > 400,000,000 | 2.25% |
Note:
- Withholding tax on interest earned is 4% for residents.
- Interest rates are subject to change from time to time without prior notice.
- p.a. stands for per annum
Eligibility and Documentation
- Corporate Business or Individual Business (Resident or Non-Resident)
- Identification documents of the Authorized Signatories and Boards of Director(s)
- Cambodian National ID or Passport of company's Director(s) or Shareholder(s)
- Certificate of Incorporation from Ministry of Commerce
- Latest Memorandum and Article of Association
- Letter of Approval from Ministry of Commerce
- Annual Declaration of Commercial Enterprise
- Original Board of Director(s) and Shareholder(s) Resolution
- Other business-related documents (if required)