Categories
Account service in ‘Gold’ denomination

Fees and charges

Other fees and charges

Categories
Account service in ‘Gold’ denomination

Eligibility or required documents

  • 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 Mongolian Financial Regulatory Commission;
  • Notarized copy of ‘State Registration Certificate’;
  • Notarized copy of 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 dispose with an account;
  • Additional documents /if necessary/.
Categories
Home

Бүтээгдэхүүний нөхцөл

 

Terms

Annual Interest rate

Tenor

MNT

Duration

12 Months

Annual Interest Rate

13.20%

Minimum deposit

100,000,000 MNT

Interest rate upon early termination of contract /annual/

4.80%

Interest payments

Quarterly

Withdrawal Condition

Quarterly

Deposit Condition

Possible

Categories
Home

Алтны харилцах данс

Алт олборлогч, уул уурхайн чиглэлээр бизнес эрхэлж буй хуулийн этгээд, байгууллагууд биет алтаа банканд эрсдэлгүй, найдвартайгаар байршуулах үйлчилгээ. 

Categories
Hedge deposit

Benefits

  • Earn bigger high-yields in the short-term
  • Protection against currency risk exposure (exchange-rate risk)
Categories
Hedge deposit

Terms and conditions

Terms

Hedge deposit

Hedge deposit

/High balance/

Currency

MNT

Tenor

6 months

12 months 6 months 9 months

12 months

Annual interest rate

6.00%

7.00%  7.50%  8.50%

 9.00%

Interest rate upon early termination of contract /annual/

2.00%

3.50%

Minimum deposit

USD equavant to 200,000,000 MNT

MNT equivalent to 1,000,000 USD

Interest rate payments

At maturity date

Withdrawal condition

At maturity date

Deposit condition

Impossible

Account opening fee

Free

Savings book

Free

Categories
Hedge deposit

Fees and charges

Other deposit account fees

Categories
Hedge deposit

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizen’s ID card;
    • For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
Certificate of Deposit (CD)

Benefits

  • Interest rates are higher than deposit accounts on the market;
  • CDs are often considered as good as securities;
  • Allows the owner of the CD to inherit, sell, gift or transfer to another person;
  • Can be used as collateral for savings-backed loans with a low interest rate.
Categories
Certificate of Deposit (CD)

Terms and conditions

Terms

Annual Interest rate

Tenor

MNT

USD

1 month

10.50%

2.20%

3, 6, 9 months

12.50%

4.00%

12 months

13.2%

4.00%

Interest rate upon early termination of contract /annual/

2.4%-4.8%

1.20%

Minimum deposit

100,000,000 MNT and 500,000,000 MNT.

100,000 USD and 500,000 USD.

Interest payments

At the end of the contract

Interest on ‘Repo’ financing

Annual interest rate + 4.00%

No repo financing

Other conditions

No deposit transactions (Has strict rules on adding or making deposit transactions to your CD account)

 

 

 

Categories
Certificate of Deposit (CD)

Fees and charges

Other deposit account fees

Categories
Certificate of Deposit (CD)

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizen’s ID card;
    • For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
Gold deposit

Benefits

  • Protection from all types of theft, fraud and gold price change risks;
  • Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
  • Receive interest payments every quarter;
Categories
Gold deposit

Terms and conditions

Gold deposit terms
Account currency XAU- GOLD /OZ/

Tenor

1 – 3 months 6 months 9 months

12 months

Annual Interest rate

2.25%

2.5% 2.75%

3.0%

Interest rate upon early termination of contract /annual/

1.0%

Fees for withdrawing cash from savings

1.5%

Minimum deposit

Interest payments

Quarterly

Savings book

Free

Categories
Gold deposit

Fees and charges

Other account fees