Other fees for deposit accounts
Other fees for current and savings accounts
Other fees
Service  MNT USD EUR CNY JPY RUB KRW GBP
Cash deposit Minor Bills* 2.0% 2.0% 2.0% 0.3% 8.0% 1.5%
Other bills 0.3% 5.0%
Cash withdrawal Current and savings accounts

 

200 MNT 200 MNT + additional fee for cash currency (see below)
0.5% 0.5% 0.5% 0.5% 3.0% 1.5% 0.5%
Transfer Transfer within the bank 100 MNT Currency equivalent to 200 MNT
Transfer to other bank
Up to 5,000,000₮ 200 MNT 1,500 MNT
Over 5,000,001₮ 500 MNT
Cash Deposit for Interbank Transfer 1,000 MNT
Opening an Account Free
Account Service Fee Active account (Monthly) Free
Inactive Account (Monthly) 2,000 MNT Currency equivalent to 2,000 MNT
Demand Deposit /At Year-End/ 1,000 MNT Currency equivalent to 1,000 MNT
Close account 1,000 MNT Currency equivalent to 1,000 MNT
Notes

*For USD small denominations include bills of 1, 2, 5, and 10, for EUR bills of 5 and 10, for CNY bills of 1, 5, 10, and 20, for RUB bills of 10, 50, and 100.

Interbank transfer

Interbank transfers can be made in the following currencies: MNT, USD, EUR, CNY, JPY, RUB, and GBP.

Cash currencies fee
  • A fee will be charged if small denominations are included when making cash transactions or deposits into a foreign currency account.

  • A fee will be charged if small denominations are included when paying loan interest or principal in cash.

  • A fee will be charged when making cash disbursements from a loan granted to a foreign currency account in non-cash form.

  • A fee will be charged if foreign currency cash is deposited into a current account and then transferred non-cash to another customer, and that customer withdraws the funds in cash.

  • A fee will be charged if non-cash transactions or deals are conducted in a foreign currency account and funds are withdrawn in cash.

  • If the amount of cash withdrawals exceeds the amount of cash deposits, a fee will be charged on the difference.