If I bring $$ into Cambodia and I decide I want to leave the country (maybe things aren't working out to well) is there a penalty? Is there an exit fee to take my $$ back out of the country? If so does anyone know what that amount is? I am currently living in Ecuador and there is a 5% exit tax to take my money out. I can see where this could start to get expensive. Any input will be greatly appreciated. Is it better to leave my $$ as USD in my Cambodian bank acct.? What are the fees to transfer $$ in or out of Cambodia? Thanks
There are no penalties for closing an account, if that is what you are asking. You can open a USD Savings Account here, with typical requirements - Passport showing (usually) a minimum of six months validity on your visa, and signed lease agreement. (Requirements vary from bank to bank.)
When I used to bank in the Philippines, it was as simple as writing a check on my bank back in the US, making a deposit, and then waiting about 15 business days. Here, I would never do that. It takes, for some banks here, up to a couple months to clear (READ: They are floating the money as long as possible).
To wire money into a bank here, it will cost, on average, .1%, with a minimum of $10 to $15 USD, usually.