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
  1. You can make payments in the 13 most common currencies;
  2. The most favorable interest rate conditions;
  3. Additional services for international wire transfer (MT101, MT940)
  4. You can make international wire transfer from anywhere using our Internet banking services;
  5. Using SWIFT GPI, we can provide our customers with detailed information on the entire transaction process
Terms and 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 No fee

/until the end of May 31, 2024/

50 CNY
>100,000  
Japanese Yen   No fee

/until the end of May 31, 2024/

0.05% (minimum 2500 JPY)
Korean Won   15,000MNT+(1.5%when paying in cash) 20,000 KRW
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
Swiss Franc <5,000 15,000 MNT 20 EUR (0.30% for cash transfers)
5,000.01-100,000 25,000 MNT
>100,000.1 35,000 MNT
Singapore Dollar   20,000MNT+(0.3%when paying in cash) 25 USD
Turkish Lira   15,000MNT 100 TRY
Other   32,000MNT 35 EUR

*Other currencies are CZK, HUF, RON, RSD and HRK.

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:

  1. Recipient’s full name, address and document number
  2. Recipient’s bank name and swift code
  3. Name of the correspond bank of the payee bank, swift code (if any)
  4. 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:

  1. SHA – Remitter is not responsible for the intermediary bank fees and the fees will be deducted from the total amount by the correspondent banks
  2. OUR – Remitter is responsible for the first intermediary bank fees. Additionalintermediary bank fees will be deducted from the total amount transferred.
  3. 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:

  1. 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. 
  2. 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.
  3. 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.
  4. 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.