Running out of money is a problem of the past. There are ATM’s everywhere now, allowing locals to pay their bills or tourists to extract money from their overseas accounts.
The Reil has been roughly pegged at 4000 KHR to the USD, this is observed in many businesses but not all so you may see signs saying the local rate in a shop is not 4000.
There are also foreign currency stalls allowing you to change you Thai Baht, Euro or Pound’s as well as other currencies.
Damaged US currency may not be accepted in certain places, a long time ago even a slight rip in a $100 bill would devalue. Nowadays it’s not so much of a problem but people aren’t obliged to take damaged money. So when you get your change check it carefully and ask them to change any damaged US notes. Khmer Riel isn’t a problem.
Withdrawing money from the ATMs is simple, put your card in punch in your PIN select if you want United States Dollars or Riel and take your money. However some ATM’s, notably the ones run by the ANZ Royal group have a $5 US charge on non bank customers so avoid taking small amounts out. Annoyingly enough some machines dispense $100 notes if you choose to take out $100, this can be a problem if you are visiting smaller bars and restaurants as they may not be able to make change easily. Consider taking out $80 or $120 so you’ll have some smaller notes.
ANZ have the biggest installed base of ATMs in Cambodia and had raised the bar for service and services since they entered the market. The other banks are catching up and some have already exceeded them in many areas.
If you are hoping to pay your restaurant, bar or hotel bill with your credit card it is worth checking with them before you spend to much money as you might not be able to withdraw enough money in one day to pay your bill.
Here’s a list of some of the banks in Cambodia, you might wonder why a country with such a small population needs so many different banks.
Visa, MasterCard (MC) and ANZ cards are the most widely accepted credit cards in Cambodia. AMEX is accepted at a few places, Diners Club (DC) at fewer places. Many businesses charge commission on credit card payment.
Travelers checks are accepted at most banks, major hotels and restaurants and some money changers.
‘Instant’ cash transfers can be done through Western Union or Money Gram. Ordinary telegraphic transfers are available at all major banks. Google can even pay your Adsense income through Western Union, with no cost to you.