KB PRASAC Bank offers all merchants (business owners) with a high interest rate of up to 4.00% per annum for Merchant Savings Account.
What is even better is that merchants can accept payments for goods or services via KHQR code from all banks in Cambodia and can install KB PRASAC Merchant app to manage payment on their business conveniently anywhere, anytime.
Interest Rate per Annum
| Currency | Standard Rate | Bonus Rate | Total Rate |
|---|---|---|---|
| KHR | 3.50% | 0.50% | 4.00% |
| USD | 3.50% | – | 3.50% |
Product Features
| Features | Descriptions | |
|---|---|---|
| KB PRASAC Merchant app installation | Free | |
| Initial Balance | Not required | |
| Minimum Balance | Not required | |
| Interest Payment | Interest is accrued daily and deposited to your account at the beginning of every month automatically or when closing the account | |
| Account Opening | #list# – All KB PRASAC branch offices or – Through bank staff | |
| Deposit/Withdrawal/Transfer | #list# – All KB PRASAC branch offices during working hours – Via KB PRASAC Cash Deposit Machines or ATM – Transfer to account via KB PRASAC Mobile – Transfer from other banks – Inward transfer from overseas | |
| Withholding Tax | #list# – Resident 4% – Non-resident 14% | |
| Account Information Card | Free | |
| Savings Passbook | Free | |
| Additional Offers | Request for ATM account statement: Free of charge | |
Materials for Merchant
KB PRASAC merchant can request a range of KB PRASAC KHQR materials to support their daily payment transactions, such as KHQR Soundbox, Standee, Lanyard, POS machine, Bill holder, and sticker, enabling instant payment from all banks.
Even easier, more time-saving, and modern with KHQR Soundbox of KB PRASAC Bank!
KHQR Soundbox is a device that can provide real-time voice confirmation of every payment received when a customer scans the KHQR to a merchant account, so that the business owners (merchants) do not need to monitor the transactions in their mobile phone, providing convenient, time-saving, and secure way in verifying transactions.
KHQR Soundbox is an ideal assistant that helps hectic merchants in checking payment notifications as voice alerts, which can be set in either Khmer or English.
How to Request
Merchant can request a KHQR Soundbox through the following channels:
-
- Any KB PRASAC Bank Branch
- KB PRASAC Bank Sales Representative
- Request online
Requirements for Merchants
-
- New or existing merchant
- Individual or corporate customer
- Agree to open settlement accounts in Khmer Riel (KHR) and US Dollar (USD)
- Have a concrete and legal business
- Type of business: Selling goods, clothes, coffee…, hotel or guesthouse, car repair or washing
- Business with hectic operations or activities.
Fee Charge
| Description | Fee Charge |
|---|---|
| Request to use KHQR Soundbox | FREE |
| Request a new KHQR Soundbox in case of damage or malfunction | FREE |
| Request a new KHQR Soundbox in case of loss | USD 15 or KHR 60,000 per unit |
| Installation, maintenance, and support | FREE |
| Scan and pay via KHQR Soundbox | FREE |
Notes:
- KB PRASAC reserves the right to change terms and conditions with prior notice to the client as required by law
- Terms and conditions apply
