Logo of Phnom Penh Post newspaper Phnom Penh Post - ATM scam: Limit lower at ACLEDA Bank ATMs

ATM scam: Limit lower at ACLEDA Bank ATMs

ATM scam: Limit lower at ACLEDA Bank ATMs

ACLEDA Bank is halving the limit on the size of some withdrawals from its ATMs to US$500 per day in response to recent large cash transactions from some Vietnamese card holders, according to ACLEDA Executive Vice President So Phonnary.

Cardholders from Vietnam’s Techombank have been crossing into the Kingdom and withdrawing large amounts of US dollars.

They are taking advantage of the difference between the official exchange rate for the Vietnamese dong, and unofficial exchange rate offered in Cambodia and on the black market in their country.

The process has been a “bother” for ACLEDA, but has been manageable, according to So Phonnary.

ACLEDA President In Channy said the National Bank of Cambodia had advised the firm about the withdrawals, but added that the actions by individual Techombank cardholders were not strictly illegal.

MOST VIEWED

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and

  • Culture ministry: Take Tuol Sleng photos down, or else

    The Ministry of Culture and Fine Arts has told Irish photographer Matt Loughrey to take down the photos of Khmer Rouge victims at Tuol Sleng Genocidal Museum which he allegedly colourised and altered to show them smiling. The ministry said Loughrey's work is unacceptable, affecting