Do you want to feel good and secure? Come to Prince Bank to find out how.
If you work hard and are smart with your money, you deserve a bank account that rewards you for it. Prince Savings is the account that helps you succeed by making your money work harder.
Why Open a Prince Savings Account?
- Earn a high interest rate.
- Unlimited Cash Deposit/Withdrawal Amount
- Free Account Maintenance Fee
- Free Passbook
- Free annual fee for ATM Card (1st Year)
- Free access to use PRINCE Mobile App
Key Features and Benefits
| Initial Opening Balance | USD 10 | KHR 0 |
| Minimum on-going balance | USD 1 | KHR 0 |
| Cash withdrawal/deposit amount | Unlimited | |
| Account Maintenance Fee | Free | |
| Passbook | Free (New Issuance, Re-issuance Out of page or Re-issuance due to bank faulty) | |
| ATM /UnionPay /Mastercard /Visa Debit card (Annual Fee) |
| |
| UnionPay /Mastercard /Visa Credit Card (Annual Fee) |
| |
| Standing instructions | Free | |
| Statement / Consolidate Statement | Free (via PRINCE Mobile App) | |
| Bank confirmation letter | USD 2 per request (Max. 2 copies daily) | |
| Early Account Closure Fee | USD 5 and Free of charge for KHR Account (If account closed within 3 months from opening date) | |
| Dormancy Fee (Monthly Charge) | USD 1 Or KHR 4,000 | |
| PRINCE Mobile Banking | Free | |
| Access to the deposits |
| |
| Transaction via Over the Counter |
| |
| Transaction via PRINCE Mobile App | Click here for more details related to PRINCE Mobile App | |
Interest Rate (p.a.)
| Basic Interest Rate | Special Interest Rate | |
|---|---|---|
| USD Interest Rate (p.a.) | 1.00% | 1.50% |
| KHR Interest Rate (p.a.) | 1.25% | 1.75% |
*Special Interest Rate: if the End of Day balance is 50 USD or more than the End of Day balance from the previous day
Notes:
- Withholding tax on interest earned is 4% for residents and 14% for non-residents.
- Interest rates are subject to change from time to time without prior notice.
- p.a. stands for per annum
Eligibility and Documentation
- Resident:
- 18 years old and above
- Cambodian National ID or Passport
- Or any two of the following: Driving License, Family Book, Residential Book, Birth Certificate, Monk's Card, or Government Official ID (One must have your photo in it).
- Foreigner (Resident or Non-Resident):
- 18 years old and above
- Valid Foreigner Passport, AND
- Option 1: Copy the single or Multiple visas indicating the presence in Cambodia for more than 182days or
- Option 2: Proof of Employment indicating at least 12months employment (i.e. Work Permit, Employment Contract, Certificate of Employment, Employee ID with photo & signature, Business License/Certificate, if self-employed).
- Option 3: Proof of Residence (i.e. Lease/Tenancy Agreement, Certificate of Residential Address, Hotel Lease/Bill) indicating at least 12 months tenor in the Contract.
Frequently Asked Questions
With Prince Savings Account, You can be confident that your long-term savings are safe and easily accessible. You can enjoy the interest earned, deposit and withdraw anytime. Prince Savings Account is your most efficient and secure way to start saving.
The benefits of a Prince Savings Account
- Free access to your account through PRINCE Mobile app
- Free of change Passbook
- No account maintenance fee
- Earn interest rate up to USD 1.5% p.a and KHR 1.75% p.a
Customers can visit the nearest Prince Bank branch to open an account or contact our contact centre at 1800-20-8888 (Toll-free) for more information.
The requirements for opening an account at our branch are as follows:
- 18 years old and above
- Cambodian National ID or Passport
- Or any two of the following: Driving License, Family Book, Residential Book, Birth Certificate, Monk's Card, or Government Official ID (One must have your photo)
Foreigner (Resident or Non-Resident):
- 18 years old and above
- Valid Foreigner Passport, AND
- Option 1: Copy the single or Multiple visas indicating the presence in Cambodia for more than 182days or
- Option 2: Proof of Employment indicating at least 12 months of employment (i.e. Work Permit, Employment Contract, Certificate of Employment, Employee ID with photo & signature, Business License/Certificate, if self-employed).
- Option 3: Proof of Residence (i.e. Lease/Tenancy Agreement, Certificate of Residential Address, Hotel Lease/Bill) indicating at least 12 months tenor in the Contract.
Prince Savings Account requires a minimum balance of only 1 USD for USD accounts and 0 KHR for KHR accounts.
Basic Interest rate of Prince Savings Account: Available in two currencies (USD/KHR)
- USD Interest Rate (p.a) : 1.00%
- KHR Interest Rate (p.a) : 1.25%
Prince Bank will provide extra benefits to customers.
- Special Interest Rate 0.5% p.a: if the End of Day balance is 50 USD / 200,000 KHR or more than the End of Day balance from the previous day.
With a Prince Savings Account, customers can make unlimited deposits at any time and in any amount.
For Prince Savings Account, Customer can withdrawals balance at any time.
Customers can visit the nearest Prince Bank branch to close the account. There is no penalty for closing an account three months after the opening date. However, if the account is less than three months old, a fee will be charged for 5 USD for USD currency accounts. There is no penalty for closing accounts in KHR currency.