Outgoing international wire transfer
As a customer, you can send international wire transfers to any foreign country from your bank account in the following currencies. These include: USD, EUR, CNY, JPY, GBP, RUB, SGD, HKD
Benefits
  • You can make payments in the 8 most common currencies;
  • The most favorable interest rate conditions;
  • Additional services for international wire transfer (MT101, MT940)
  • You can make international wire transfer from anywhere using our Internet banking services;
SWIFT service conditions

CURRENCY

AMOUNT OUR BANK FEE

CORRESPONDENT BANK FEE

US Dollar

 

 

<5,000

15,000 MNT

20 USD

5,000.01-100,000

25,000 MNT

>100,000.01

35,000 MNT

Guaranteed remit in full service (G-OUR)

 

35-60USD

US Dollar (to Korea)

 

<5,000

15,000 MNT

25 USD

5,000.01-100,000

25,000 MNT

>100,000.01

35,000 MNT

Euro (to Germany)

 

<2,500

15,000 MNT

5 EUR

2,500.01-12,500

25,000 MNT

10 EUR

>12,500

35,000 MNT

20 EUR

Euro (to other countries)

30,000 MNT

20 EUR

Chinese Yuan

<100,000

10,000 MNT

50 CNY

>100,000

20,000 MNT

Japanese Yen  

12,000MNT+(0.3%when paying in cash)

0.05% (minimum 2500 JPY)

Russian Ruble  

15,000MNT+(1.5%when paying in cash)

No fee

British Pound  

15,000MNT+(0.3%when paying in cash)

15 GBP

Hong Kong Dollar  

25,000MNT+(0.3%when paying in cash)

200 HKD

Singapore Dollar  

20,000MNT+(0.3%when paying in cash)

25 USD

Turkish Lira  

15,000MNT

100 TRY

Other  

32,000MNT

35 EUR

Fees and charges for recalling and amending international wire transfers at the customer's request

Fees and charges for recalling and amending international transfers at the customer’s request:

Amendment, Recall and Return USD 30 USD
EUR 50 EUR
CNY 50 CNY
JPY 7,500 JPY
RUB 300 RUB
GBP 50 USD
HKD 20 USD
SGD 20 USD
TRY 250 TRY
Other 40 EUR
Inquiry USD  30 USD
EUR
CNY
JPY
RUB
GBP
HKD
SGD
TRY
Other

 

Things to keep in mind when sending international wire transfers

Please kindly note that the following information must be obtained from the payee in advance when sending a payment to a foreign country. These include:

  • Recipient’s full name, address and document number
  • Recipient’s bank name and swift code
  • Name of the correspond bank of the payee bank, swift code (if any)
  • On the remittance information field, specify the purpose of the payment (for example, tuition, gifts, donation, etc.)
Terms of the intermediary bank fee

Which party is responsible for the correspondent bank’s fee:

  • SHA – Remitter is not responsible for the intermediary bank fees and the fees will be deducted from the total amount by the correspondent banks
  • OUR – Remitter is responsible for the first intermediary bank fees. Additionalintermediary bank fees will be deducted from the total amount transferred.
  • Fullpay /G-OUR/ – This option is only available for USD transfers. Remitter is responsible for all banking charges and the beneficiary will receive the payments in full amount
Mandatory reminders when sending international wire transfer

Dear customers, if you are planning to send international wire transfer to foreign countries, please pay attention to the below information:

  • If you are a foreign trader and you have received an e-mail asking you to transfer the payment to another account, therefore informing you that the beneficiary information has changed, you should contact the customer via phone call to confirm the changed information. 
  • If you have lost your personal photo or video to a stranger online and pressured to make payments to them, we advise you to notify the police immediately.
  • Please note that, if you receive a notification about a random lottery win or a large amount of cash on your computer or mobile phone and it asks you to transfer a payment in an advance, this is a common case of cybercrime.
  • If you suspect that any of the above incidents have occurred or may occur to you, please contact the Police at 11-311606 or 102 for more information and advice. You may also send an electronic complaint to the Police at www.service.police.gov.mn, where you can submit your application.