Month: May 2022

Application form for legal entities /download here/;
An official letter for opening a new bank account;
An original copy and a copy of license from the Financial Regulatory Commission;
Notarized copy of the Company’s ‘State Registration Certificate’;
Notarized copy of the Company’s ‘Charter or Memorandum of Association (MOA);
Notarized signature of applicant /download here/;
Declaration of Beneficial Ownership /download here/;
Copy of ID card of the authorized personnel to operate the account;
Additional documents /if necessary/.

Benefits

Earn interest and profit from short-term investment.
Protection against currency risk exposure (exchange-rate risk)
Allows you to make withdrawals from a deposit account every quarter for a calendar week.

Terms	Short-term deposit		Long-term deposit
Tenor	6 months		12 months
Currency	MNT	USD	MNT	USD
Annual interest rate	15.00%	5.0%	16.00%	6.0%
Interest rate upon early termination of contract /annual/	2.4%-4.8%	1.20%	2.4%-4.8%	1.20%
Minimum deposit	200,000,000 MNT or equivalent USD		500,000,000 MNT or equivalent USD
Interest payments	Quarterly
Withdrawal condition	Quarterly
Deposit condition	Possible
Conversion between currencies	Any time during the contract, at principal amount only

Conditions	Classic Credit Card		Platinum Credit Card
	MNT	USD	MNT	USD
Annual fee	30,000 MNT or equivalent other currencies		300,000 MNT or equivalent other currencies
Credit limit (minimum)	500,000 MNT or equivalent USD		20,000,000 MNT or equivalent USD
Credit limit (maximum)	20,000,000 MNT or equivalent USD		200,000,000 MNT or equivalent USD
Interest rate /monthly/ (purchase)	1.6%	1.5%	1.6%	1.5%
Interest rate /monthly/ (cash withdrawal)	2.2%	1.8%	2.2%	1.8%
Daily cash withdrawal limit	10,000,000 MNT	5000 USD	30,000,000 MNT	10,000 USD
Daily purchase limit	10,000,000 MNT	5000 USD	200,000,000 MNT	100,000 USD
Reorder fee	30,000 MNT	10 USD	150,000 MNT	50 USD
Minimum payment	10%
Payment date (monthly)	15th
Over limit interest rate	10%
Over limit charge	5%
Late payment charge	1%
Penalty rate	20%
Grace period (purchase)	45 days
Validity	2 years
Monthly statement date	15th
Card order fee (urgently)	5000 MNT
Pin code change (ATM)	100 MNT or equivalent other currencies
Pin code change (at branch)	1000 MNT or equivalent other currencies
Pin code order	1000 MNT or equivalent other currencies
E-pin change (ATM)	100 MNT or equivalent other currencies
E-pin change (at branch)	No fee

Available service fees	Fees and charges
Admission fee /annually/	50,000 MNT
Intra-bank transactions fee /transactions made between TransBank accounts/	No fee

A formal request or official letter provided by the customer is required to apply for this service

Available service fees	Fees and charges
Account statements /Per 1 sheet/	100 MNT
Reference letters:
Reference letter in Mongolian	4,000 MNT
Reference letter in English	4,000 MNT
Providing dedicated reference letters at the customer’s request	15,000 MNT
Providing reference letters for new accounts, opened less than 14 days since opening an account or for an additional new account co-holder	30,000 MNT
Additional copy of the reference letter /per copy/	1,000 MNT
Reference letters regarding loan accounts or loans	30,000 MNT
Recover income, expenses and non-cash receipts from program, if lost	300 MNT
Making hard copy of documents and enquiries from bank’s archive /per page/	3,000 MNT /within 1 year/
	5,000 MNT /within 1-3 years/
	10,000 MNT /above 3 years/
Correction transaction from caused by customer error	500 MNT
Daily statements	No fee
Savings book	1,000 MNT
Issue bank cash cheque /Only for corporate and business account customers/
Per cheque	200 MNT
Bank cheque book /with 25 pages/	4,000 MNT
Authorized Signature Form	No fee
Cash withdrawals and income form
Account open request form
Account balance form of payment

Please visit the nearest branch of TransBank to order.

Individuals:

ID card
Customers with salaried income are asked to provide their salary reference from their employer
Business owners must provide documents proving business income
Social insurance reference

For foreigners:

The most convenient and safe method for keeping your items;
Protected from all types of external influences;
Only the owner of the box has the right to open and to know what’s inside;
Own as many boxes you want;
Boxes are also available to be entrusted to one or more other owners at your discretion.

№	Varieties of box size selection */lengthwidthheight/*	Period for using ‘Deposit box’
		1-15 days	16-30 days	31-90 days	91 or above
		Daily fee
1	563052 cm	700 MNT	650 MNT	550 MNT	500 MNT
2	563022 cm	500 MNT	400 MNT	350 MNT	300 MNT
3	563011 cm	450 MNT	350 MNT	300 MNT	250 MNT