A Saving Account offers clients an easy and simple way to Withdraw, Deposit, and Transfer money at any time and any place with no limitation. It is the best choice for clients who want to keep their money safe and also for those who need to use money daily. Open a saving account with LOLC now, you will be able to manage your cash flow and achieve your financial goal by reducing risk and cutting down any unnecessary expenses, thus increasing the efficiency of your cash management.
Benefits
- Get high interest income
- Your money will be kept safely and securely
- Multiple currency choices: KHR, USD and THB
- Deposit and withdraw, and Transfer money during business hours at any LOLC office
- Able to request for ATM card and perform any transactions under CSS members for free of charge
- Able to register iPay Cambodia and perform any transaction for free of charge
Product Features:
No | Features | Descriptions |
---|---|---|
1 | Currency Type | KHR, USD, THB |
2 | Initial Deposit/Minimum Balance | Optional for initial balance |
3 | Interest Payment | Interest is accrued daily and capitalized at every month end |
4 | Account Type | Individual Account Joint Account Corporate Account |
5 | Transaction Channel | At LOLC counter during business hours Through iPay Cambodia Though ATM Machine 24/7 under CSS Members Through e-Banking/Internet Banking |
6 | Withholding Tax | 4%
Resident 14% Non-resident 0% Bank/Microfinance/ Government |
Saving Interest Rate:
Individual/Non-Financial Institution | Individual/Non-Financial Institution | Financial Institution |
---|---|---|
KHR/USD | THB | KHR/USD/THB |
3% | 1% | 1% |
Fee Charge:
No | Description | Fee charge | ||
---|---|---|---|---|
KHR | USD | THB | ||
1 | Request for new Savings Passbook (lost or damaged) | 20,000 | 5.00 | 200 |
2 | Request for Account Balance Confirmation | 20,000 | 5.00 | 200 |
3 | Dormant account’s annual fee charge | 20,000 | 5.00 | 200 |
4 | Request to Close Savings Account before one month after opening date | 20,000 | 5.00 | 200 |
Document Required:
- For Individual Customer:
- Valid National ID or
- Valid Passport -
- Valid National ID/Passport of signatory(-ies) *
- Memorandum and Articles of Association*
- Business Registration Certificate (Digital Form can be accepted) *
- Certificate of Tax Registration (VAT)/Patent Tax*
- Letter of Authorization or Board Resolution*
- Other documents (if available).
How to Apply:
- At any LOLC office to apply for the service