Other fees and charges
Other current and deposit account fees
Other fees
Services MNT USD EUR CNY JPY RUB KRW GBP
Cash deposit Smaller banknotes* 2.0% 2.0% 2.0% 8.0% 0.3% 1.5%
Other 1.5%
 
Cash withdrawal Current account and deposit accounts 200 200 MNT + Additional charges mentioned below depending on currency.
  0.5% 0.5% 0.5% 3.0% 0.5% 1.5% 0.5%
 
Non-cash transactions Intra-Bank (within same bank accounts) transactions: 100 Foreign currency equivalent to 200 MNT
Inter-Bank transactions:
Up to 5,000,000 MNT 200 1,500 MNT
Over 5,000,001 MNT 500
Tranfer cash to other bank accounts 1,000
 
Account opening fee Free
 
Account service fee For active accounts /monthly/ No fee
Temporary inactive or suspended account fee /monthly/ 2,000 Foreign currency equivalent to 2000 MNT
Demand deposit fee /annually/ 1,000 Foreign currency equivalent to 1000 MNT
Dormant account fee /monthly/ 2,000 Foreign currency equivalent to 2000 MNT
 
Account closure fee 1,000 Foreign currency equivalent to 1000 MNT
Notice

*- Smaller banknotes: USD 1, 2, 5, 10, 20, 50 banknotes; CNY 1, 5, 10, 20 banknotes; RUB 10, 50, 100 banknotes.

Inter-bank transactions
  1. Inter-bank transactions are made in MNT, USD, EUR, CNY, JPY, RUB, GBP, HKD and SGD currencies.
Fees for FX cash transaction
  • Fees charged for cash deposits into an account to make any non-cash transactions including foreign exchange, deposit, loan repayment, transfer etc.; 
  • Fees charged for cash withdrawals from an account unless cash deposits made into an account previously; 
  • Smaller banknote fees may apply for using the specific banknotes mentioned above;