Internet banking offers the convenient new ways to checking the account balance, transferring fund and even pay bills through your own internet-connected computer. There is no line to wait, no dirty note to count, and there is no need to drive out anywhere. Everything is all done at home.
I did some research and found four banks in Cambodia that provide the internet banking service to the customers. (There could be more since Cambodia's banking industry grows so rapidly.)
You can request the internet banking service applied to your savings account for $10. You will be given an One-Time-Password device (OTP) and a password to log in to your account. This OTP device offers another layer of protection in a way that even if somebody else knows your password, the person will not be able to compromise your account without the OTP device given to you.
Services:
- Check account balance and transactions
- Fund transfer
- ATM
- Pay electricity bills
ANZ provides everything FTB does except the OTP device. They rely entirely on your password to protect your account. They do however employ a basic protection against attacks. Basically, if somebody attempts to log in to your account with the wrong password three times, your internet banking account will be locked out, and that you would have to pay a visit to ANZ to reactivate your internet banking access.
Services:
- Check account balance and transactions
- Fund transfer
- ATM
Advanced Bank of Asia, or ABA, really do offers a set of advanced products and services to its customers. Internet banking with secured OTP device and CryptoCard is provided to all account holders. You may check all the transactions at your convenience through your computer. On top of that, you may sign up for a VISA debit card and have it linked to your bank account, and that allows you to make purchases on the internet and at credit-card POS nationwide. What is more advanced is that, through the internet banking system, you may issue your own virtual credit cards with a custom maximum balance you set for temporary uses. This allows you to limit how much a merchant may charge you for the purchases. Once the transactions are completed, you could just cancel the card to ensure that you will never get recharged. You will never have to worry that the credit card number is compromised.
Services:
- Check account balance and transactions
- Fund transfer
- ATM
- VISA debit card
- Virtual credit cards
Cambodian Public Bank, Campu, or CPB also provides the internet banking service, ATM and debit card. More details will be added.