Escrow account
We offer you an escrow account service that allows you to protect yourself from the risks that may arise when trading or buying high-value assets. By choosing this service, the bank assumes the obligation to securely transfer payments with the consent of the parties to the contract.
Benefits
  • Can prevent from the potential multilateral issues, misunderstandings and doubts between the parties and cover risks;
  • Reliable and safe transfer of the funds by the bank with the consent of the parties who are subject to the terms of the agreement;
Terms and conditions
Terms MNT USD EUR CNY

JPY

On purchase agreements for property and real estate’s sale:

Seller

20,000 10  10 70

1,000

Buyer

20,000 10  10  70

1,000

Other:

Seller 0.1% 

/Up to 100,000 MNТ /

0.1% 

/Currency equivalent to 100,000 MNT /

Buyer

 

Eligibility or required documents
  • Customer application form /download here/;
  • An original copy and a copy of the agreement between the parties;
  • Documents required:
    • For Mongolian citizens: Citizen ID card;
    • For Foreign citizens: Passport and certificate of alien registration;