Real Time Fund Transfer

Real Time Fund Transfer Service (RFT) is an initiation by the National Bank of Cambodia (NBC). The initiative is introduced with an aim to assist Customers to perform transaction between RFT system members. To use this service, the sender is required to have savings account, and the receiver could receive money either via savings account or phone number.

Benefits:

Benefits of the service include: 

  • Free of charge for any kind of transaction,
  • Able to transfer or withdraw money within LOLC or among RFT system members,
  • No daily limitation on number of transactions performed at any LOLC’s counter or via iPay Cambodia or via Internet Banking.
  • Convenient, fast and secured.

Product Features:

No Feature Description
1 Currency KHR, USD
2 Transaction Channel  LOLC’s counter
 iPay Cambodia
 Internet Banking
3 Method  Account to Account (Account Based)
 Account to Phone (Phone Based)
4 Maximum Transfer Amount  LOLC’s counter
    Account to Account
       - Per transaction: KHR 200,000,000 or USD 50,000
       - Per day: unlimited
    Account to Phone Number
       - Per transaction: Less than KHR 4,000,000 or 
          Less than before USD 1,000
       - Per day: unlimited
 iPay Cambodia/Internet Banking
    Account to Account
       - Per transaction: KHR 40,000,000 or USD 10,000
       - Per day: KHR 80,000,000 or USD 20,000
    Account to Phone Number
       - Per transaction: Less than KHR 4,000,000 or 
          Less than before USD 1,000
       - Per day: KHR 80,000,000 or USD 20,000

Transfer Fee:

The service is free of charge.


Members of Real-Time Fund Transfer (as of January 2023):

No Bank/MDI
1 ACLEDA BANK PLC.
2 CAMBODIA POST BANK PLC.
3 CANADIA BANK PLC.
4 KOOKMIN BANK CAMBODIA PLC.
5 LOLC (CAMBODIA) PLC.
6 PHNOM PENH COMMERCIAL BANK.
7 PRASAC MICROFINANCE LIMITED.
8 PRINCE BANK PLC.
9 SHINHAN BANK (CAMBODIA) PLC.
10 VATTANAC BANK
11 CAMBODIAN PUBLIC BANK PLC.
12 SATHAPANA BANK PLC.
13 FOREIGN TRADE BANK OF CAMBODIA.
14 WOORI BANK
15 DGB BANK PLC.
16 INDUSTRIAL BANK OF KOREA PHNOM PENH

Requirement:

Account to Account Transfer

  • The sender is required to have savings account with LOLC and have sufficient balance.
  • The receiver is required to have savings account with RFT members.

Account to Phone Number

  • The sender is required to have savings account with LOLC and have sufficient balance.
  • The receiver is required to have phone number and legal document issued by authority.

Withdrawal

  • To withdraw money at LOLC’s counter, the receiver is required to have savings account with LOLC (for Account to Account) or phone number and legal document issued by authority (for Account to Phone Number).

How to apply:

  • At any LOLC office
  • Via iPay Cambodia
  • Internet Banking

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