Тээвэр хөгжлийн банк

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
Chinese Yuan	>100,000	20,000 MNT	50 CNY
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: