- Customer application form /download here/;
- An original copy and a copy of license from the Financial Regulatory Commission of Mongolia;
- Documents required:
- For Mongolian citizens: Citizen ID card.
Categories
Month: May 2022
Categories
Benefits
- Make withdrawal and deposit transactions at any time;
- Open your account in 5 major currencies including Mongolian Tugriks (MNT), USD, EUR, CNY and JPY;
- Access and manage your bank account using our online banking service.
Categories
Terms and conditions
| Terms | MNT | USD | EUR | CNY | JPY |
| Interest rate /annual/ | 8.00-10.0%* | 1.50% | 1.20% | 1.20% | 1.20% |
| Effective interest rate /annual/ | 8.30-10.471% | 1.51% | 1.207% | 1.207% | 1.207% |
| Interest capitalization | Monthly | ||||
| Minimum deposit requirement | 5,000 MNT | 5 USD | 5 EUR | 50 CNY | 500 JPY |
*Incentive interest is granted depending on the balance for MNT deposits.
Categories
Fees and charges
Categories
Eligibility or required documents
- Customer application form /download here/;
- An original copy and a copy of the agreement between the parties;
- Documents required:
- For Mongolian citizens: Citizen ID card;
- For Foreign citizens: Passport and certificate of alien registration.
Categories
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.
Categories
Terms and conditions
|
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. |
|||
Foreign currency convertible deposits
| Currency | USD |
| Tenor | 12 months |
| Annual interest rate | 4.00% |
| Interest rate upon early termination of contract /annual/ | 1.20% |
| Minimum deposit | 100,000,000 MNT or equivalent USD |
| Interest payments | At the end of the period |
| Deposit condition | Impossible |
| Withdrawal condition | At the end of the period |
| Convertible currency | MNT* |
Categories
Fees and charges
- Customer application form
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
- Outlook Stable
- Issuer Rating B3
- Counterparty Risk Rating-Fgn Curr B3/NP
- Counterparty Risk Rating-Dom Curr B2/NP
- Bank Deposits B3/NP
- Baseline Credit Assessment B3
Categories
Benefits
- Receive interest monthly to your current account and earn passive income;
- No restrictions are applied for deposit transactions;
- The highest Interest rate offered on the market.
Categories
Terms and conditions
|
Terms |
MNT | USD |
| Tenor |
Annual Interest rates |
|
| 3 – 6 months |
11.30% |
3.80% |
| 7 – 12 months |
12.50% |
3.80% |
| Interest rate upon early termination of contract /annual/ |
2.4%-4.8% |
1.20% |
| Minimum deposit |
1,000,000 MNT |
1,000 USD |
| Interest payments |
Monthly |
|
| Account opening fee |
Free |
|
| Savings book |
Free |
|
Categories
Fees and charges
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
Categories
Benefits
- Enjoy the highest interest rate from our bank
- Open your new savings account with the contract running until your child is 18, with the contract renewed every year to save you precious time
- You can receive your child allowance directly into your children’s savings account
- Earn interest annually and it can be credited to different accounts at your discretion