Month: May 2023

Categories
Employer’s Incentive Savings

Advantages

  • The organization opens an account for the employee, earns regular income, and the employee has the right to dispose of it with the permission of the organization;
  • It is possible to determine the amount of income at the request of employees and organizations;
  • If the employee cancels the deposit before the end of the term, with the permission of the organization, the accrued interest can be paid in full, excluding the interest for late payment.
  • No account closing fees.
Categories
Employer’s Incentive Savings

Terms and conditions

Employer’s Incentive Savings Conditions
Account currency MNT, USD
Terms 12 months 24 months 36 months
Annual interest rate MNT Nominal 13.50% 14.00% 14.00%
Effective 14.37% 14.93% 14.93%
USD Nominal 4.00% 5.00% 5.50%
Effective 4.07% 5.12% 5.64%
Interest rate upon early termination of contract –
A fixed monthly income for the employer 1% of basic salary – …%

/Decided within the framework of the organization’s policy./
A fixed monthly income for the employee 1% of basic salary – …%

/Decided within the framework of the organization’s policy./
The percentage of earnings returned to the employee from the savings contributed by the employer at the time of termination of the savings Decided within the framework of the organization’s policy.
Deposit condition Possible
Withdrawal condition End of the term
Interest capitalization Monthly
Categories
News

TIPS AND WARNINGS FOR ELECTRONIC FRAUD PREVENTION

Customers are advised to pay attention to the following points in order to prevent possible risks of electronic fraud, not to lose their personal information to others, to protect the funds in their accounts, and to ensure their safety.

Do not share your personal information:

  • Do not give your personal information such as registration number, surname, phone number, e-mail address, etc. by trusting fake social accounts;
  • Do not share your financial information, such as account numbers, Internet banking logins, or passwords.

Preventing e-fraud:

  • Do not give your personal information such as registration number, surname, phone number, e-mail address, etc. by trusting fake social accounts;
  • Do not share your financial information, such as account numbers, Internet banking logins, or passwords.
Preventing e-fraud:
  • Do not respond to posts and comments related to loans and lotteries and grants, and do not transfer money via chat messengers;
  •  Beware of network scams that promise high profits and incentives, and do not transfer money that is claimed in the name of fees, payments, or proofs;
  • Posting your personal and financial information such as account number, phone number, e-mail address, etc. in the Internet environment, there is a high risk of fraudulent transactions and fraud crimes using your information;
  • Refuse under any circumstances to ask for your Internet banking login name, password, account number, etc., because of the high risk of fraudulent transactions and fraud;
  •  Do not share fake posts and news with the intention of deceiving others on the Internet;
  • Social accounts should be thoroughly checked for fakes, and reports should be made in case of fakes.
  • Get information related to loans and other banking services only from the bank’s official pages, websites, branches, and clearing centers;
  •  The Bank never asks for or updates customer information by e-mail, telephone, or online;
If you are at risk:
  • If you have lost or suffered damage due to online fraud, immediately contact the police station and the 77169999 reference center, or report it in person to the nearest branch;
  • In case of losing your payment card, report it to the inquiry center at 77169999 or report it in person at the nearest branch.
Dear customer, please protect your personal information in the online environment and prevent yourself and others from being exposed to cybercrime.
Categories
Forms and request lists

DECLARATION OF BENEFICIAL OWNERSHIP

Categories
Floating interest savings collateral loan

Benefits

  • Offers loans up to 85% of your convertible term deposit, which is the highest percent of potential loan amount;
  • No service fee.
Categories
Floating interest savings collateral loan

Terms and conditions

Conditions Floating interest savings collateralized loan
Loan amount The total amount of loan and interest does not exceed 90% of the term deposit
Loan interest rate /annual/ Loan at branches:
More than MNT 1 billion

/term deposit amount/

 Annual interest rate of term deposit +4%
MNT 500,000,001 – MNT 1 billion

/term deposit amount/

 Annual interest rate of term deposit +5%
Up to MNT 500,000,000

/term deposit amount/

 Annual interest rate of term deposit +6%
Currency of loan MNT
Term Determined by maturity date of term deposit
When there is a change in the deposit interest rate Loan interest rates are subject to change
Service fee –
Fee for changing the original loan terms –
Loan application fee –
Categories
News

TRANSBANK IS IDENTIFIED AS THE TOP-100 BUSINESS UNIT OF MONGOLIA

The TranspBank has been recognized as one of the TOP-100 Enterprises, which is awarded to the best enterprises that contribute to the social and economic development of the country in cooperation with the Government of Mongolia and the Ministry of Education and Culture.
The “TOP-100 Enterprises” were selected based on the basic parameters of the enterprise, such as annual income, taxes contributed to the state budget, number of employees who paid social insurance, profit, and assets.
One of Mongolia’s oldest commercial banks, the TransBank was founded in 1997, and now in its 26th year, it has been providing financial services in a professional, reliable and fast manner.
In addition to always being an innovator in our industry and being a reliable financial partner bank that values shared value, we also value customer-centered services that meet every need of our customers through international standards Private banking services, international banking and financial leading experience, and modern advanced technology. We focus on clear and stable operations.
The bank’s financial performance is growing rapidly year by year, and its position in the banking system is expanding.
Categories
Promotion campaign

GOLDEN COIN CHILD SAVINGS PROMOTION

In anticipation of the International Children’s Rights Day, our dear customer has launched an incentive program for the “Altan Zoos” children’s savings account, which will lead your beloved children to a bright future, until 05.15-06.09, 2023.
During the incentive program, “Golden coin” will give a bonus of 10,000 MNT to each customer who increases their income by more than 50,000 MNT in their child’s savings account and opens a new savings account.
General product conditions
TERMS ANNUAL INTEREST RATES INTEREST RATE UPON EARLY TERMINATION OF CONTRACT /ANNUAL/ MINIMUM DEPOSIT
MNT Golden coin 13.50% 4.80% 10,000

CLICK HERE for product details.

Please visit our branch units near you and participate in the promotion.

Categories
News

THE INTEREST ON DEMAND DEPOSITS INCREASED

TransBank has increased the interest rate on MNT deposits and offers the highest interest rate and flexible terms to our dear customers.
By choosing a fixed-term deposit product, customers can accumulate the highest interest rate on the market, benefit from interest income, and make income and expenditure transactions at any time.
The annual interest rate for MNT demand deposits:

MINIMUM DEPOSIT REQUIREMENT

 EFFECTIVE INTEREST RATE INTEREST RATE
99,999,999 MNT

8.00%

8.30%
100,000,000-499,999,999 MNT

9.00%

9.381%

More than 500,000,000 MNT

 10.00%

10.471%

Also, the Transport Development Bank has increased interest rates on all types of term deposits. CLICK HERE for more information on deposit products.

Categories
Floating interest deposit

Advantages

  • Allows you to make withdrawals from a deposit account every quarter for a calendar week
  • Receive interest payments every quarter
  • If the policy interest rate announced by the Bank of Mongolia changes, the interest rate on your deposit will change accordingly
Categories
Floating interest deposit

Terms and conditions

Terms and conditions
Tenor MNT
Duration 12, 18, 24 months
Annual interest rate Up to 499,999,999 MNT

/Deposit balance/

 Policy interest rate + 3.0%
More than 500 million MNT

/Deposit balance/

 Policy interest rate + 3.5%
Minimum deposit 100,000,000 mnt
Interest rate upon early termination of contract/annual/ 2.0%-4.8%
Interest capitalization Quarterly
Withdrawal condition Quarterly
Deposit condition Possible
As a modification in the policy interest rate Deposit interest rates are subject to change
Categories
Floating interest deposit

Eligibility or required documents

  1. Customer application form /download here/;
  2. Documents required:
    • For Mongolian citizens: Citizens ID card;
    • For Foreign citizens: Passport and certificate of alien registration.
Categories
Floating interest deposit

Advantages

  • Allows you to make withdrawals from a deposit account every quarter for a calendar week
  • Receive interest payments every quarter
  • If the policy interest rate announced by the Bank of Mongolia changes, the interest rate on your deposit will change accordingly
Categories
Floating interest deposit

Terms and conditions

Terms and conditions
Tenor MNT
Duration 12, 18, 24 months
Annual interest rate Up to 499,999,999 MNT

/Deposit balance/

 Policy interest rate + 3.0%
More than 500 million MNT

/Deposit balance/

 Policy interest rate + 3.5%
Minimum deposit 100,000,000 mnt
Interest rate upon early termination of contract/annual/ 2.4%-4.8%
Interest capitalization Quarterly
Withdrawal condition Quarterly
Deposit condition Possible
As a modification in the policy interest rate Deposit interest rates are subject to change
Categories
Floating interest deposit

Eligibility or required documents

  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account;
  • 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 operate the account;
  • Additional documents /if necessary/.