Categories
List of documents required to obtain a visa permit / “B” and “C” categories /

Notice

o Visa permission is valid for 90 days after issuance

o The visa applicant is obliged to prove the accuracy of the information provided

To submit additional documentation if necessary.

Categories
Valuables

Shareholders:

We will increase the wealth of our shareholders by upholding our mission and values and guiding our operations.

Categories
MoneyGram

Benefits

  • Transfer and receive money through more than 350,000 service points in more than 200 countries around the world;
  • Lowest fees compare to similar services;
  • Transactions sent from Mongolia to other countries and from other countries to Mongolia are processed very quickly, in just 10 minutes;
  • You do not need to have a bank account to use MoneyGram.
Categories
MoneyGram

Terms and conditions of MoneyGram international money transfer service

Amount

Fee

0-100 USD

8 USD

100.01-250.00 USD

12 USD

250.01-500.00 USD

20 USD

500.01-750.00 USD

30 USD

750.01-1,000.00 USD

40 USD

1,000.01-1,250.00 USD

55 USD

1,250.01-1,500.00 USD

70 USD

1,500.01-2,000.00 USD

90 USD

2,000.01-2,500.00 USD

100 USD

2,500.01-3,000.00 USD

110 USD

3,000.01-3,500.00 USD

120 USD

3,500.01-4,000.00 USD

130 USD

4,000.01-5,000.00 USD

150 USD

5,000.01-5,500.00 USD

180 USD

5,500.01-6,000.00 USD

200 USD

6,000.01-6,500.00 USD

220 USD

6,500.01-7,000.00 USD

240 USD

7,000.01-7,500.00 USD

250 USD

7,500.01-10,000.00 USD

300 USD

Categories
MoneyGram

Attention

Required information when coming in to the branch to make a transaction:

  • ID card
  • Recipients name
  • Money to transfer and service fee

After the transaction is successful, notify the following to the recipient:

  • 8-digit service number will be provided by the Bank, you must disclose the number only to the recipient
Categories
Outgoing international wire transfer

Benefits

  • You can make payments in the 13 most common currencies
  • The most favorable interest rate conditions
  • Additional services for international wire transfer (MT101, MT940)
  • You can make international wire transfer from anywhere using our Internet banking services
  • Using SWIFT GPI, we can provide our customers with detailed information on the entire transaction process
Categories
Outgoing international wire transfer

SWIFT service 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 10,000 MNT 50 CNY
>100,000 20,000 MNT  
Japanese Yen   12,000MNT+(0.3%when paying in cash) 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.

 

Categories
Outgoing international wire transfer

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

 

Categories
Outgoing international wire transfer

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:

  • Recipient’s full name, address and document number
  • Recipient’s bank name and swift code
  • Name of the correspond bank of the payee bank, swift code (if any)
  • On the remittance information field, specify the purpose of the payment (for example, tuition, gifts, donation, etc.)
Categories
Outgoing international wire transfer

Terms of the intermediary bank fee

Which party is responsible for the correspondent bank’s fee:

  • SHA – Remitter is not responsible for the intermediary bank fees and the fees will be deducted from the total amount by the correspondent banks
  • OUR – Remitter is responsible for the first intermediary bank fees. Additionalintermediary bank fees will be deducted from the total amount transferred.
  • 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
Categories
Outgoing international wire transfer

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:

  • 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. 
  • 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.
  • 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.
  • 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.
Categories
Incoming international wire transfer

General information to receive payment

Click on the currency from the list below, fill in your current account information with the Transport and Development Bank, and please send the information to the remitter to receive payment from abroad.

USD Receiving payment in US Dollar, please click here 
EUR Receiving payment in Euro, please click here
CNY Receiving payment in Chinese Yuan, please click here
GBP Receiving payment in British Pound, please click here
RUB Receiving payment in Russian Ruble, please click here
JPY Receiving payment in Japanese Yen, please click here
SGD Receiving payment in Singapore Dollar, please click here
HKD Receiving payment in Hong Kong Dollar, please click here
TRY Receiving payment in Turkish Lira, please click here

 

Categories
Correspondent Banks

List of correspondent banks

For more information

Categories
Energy efficient housing loan

Terms and conditions

Terms

MNT

Loan size

Up to MNT 70.0 million

Monthly interest rate

    1.00%

Annual interest rate

12.00%

Loan period

180 months 

Down payment

The loan applicant: Not less than 10% percent of the loan amount

Funded by GIZ: Up to 30% of the loan amount or up to 18,000,000 MNT

Loan origination fees

Amounts to about 1% of disbursed loan or equivalent to MNT 1,500,000

Penalty interest rate

Equivalent to 20 percent of the base interest rate

Loan forbearance fee

Amounts to about 1% of total loan balance /Maximum amount 1,000,000 MNT/  

Loan application fee

MNT 10,000 

Credit recording enquiry fee /For each/

Individual – MNT 1,000 

* Effective percentage rate /annual/: 12.19%

Categories
Mortgage loan for luxury apartments

Terms and conditions

Luxury apartment loan

Terms

Loan size

Up to MNT 2.0 billion

Down payment

Greater than or equal to 20% 

Loan interest rate /monthly/

1.60%-1.80%

Loan period

Up to 120 months

Loan origination fees

Amounts to about 1% of disbursed loan or equivalent to MNT 1,500,000

Penalty interest rate

Equivalent to 20 percent of the base interest rate

Loan forbearance fee

Amounts to about 1% of total loan balance / The maximum amount is equivalent to MNT 1,000,000 /

Loan Application fee

MNT 10,000 

Credit recording enquiry fee /For each/

Individual – MNT 1,000 

Corporate – MNT 1,000

* Effective percentage rate /annual/: 19.52%-21.93%