- Loan amount up to 80% of your deposit balance;
-
No loan disbursement fee;
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Month: December 2024
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Benefits
- Have the right to make quarterly expenses from the savings account;
- Interest on deposits is available quarterly;
- The customer is protected from possible exchange rate risks;
Account type |
Conditions |
Account currency |
MNT |
Term of deposit |
12 months |
Announced interest rate /annually/ |
The current 12 months savings interest rate |
Total interest /annual/ |
Announced interest rate /annually/ + Interest rate hedge |
Minimum balance |
500,000,000 MNT |
Interest payment on early termination |
2.4%-4.8% |
Interest payment conditions |
Every 3 months |
Credit transactions |
Every 3 months |
Debit transactions |
Possible |
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Benefits
- Your physical gold is protected from potential risks such as theft, fraud, or exchange rate fluctuations.
- Interest is capitalized in international benchmark XAU units on your gold deposits;
- No fees are charged on withdrawal and transaction;
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Terms and conditions
Gold-Term Savings Account Terms and Conditions |
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Account opening currency |
XAU- Gold |
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Deposit term |
1 – 3 months |
6 months |
9 months |
12 months |
Annual Interest |
2.25% |
2.5% |
2.75% |
3.0% |
Interest payment on early termination |
1.0% |
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Fees for withdrawing cash from savings |
1.5% |
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Minimum balance |
4 ounces of gold |
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Interest payment conditions |
Quarterly |
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Benefits
- Earn high returns in a short period of time;
- Hedging against exchange rate risk;
- Earn your interest on quarterly basis;
- Withdrawals are allowed for 7 calendar days in each quarter;
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Benefits
- Newly established organizations with incomplete documentation can open a current account;
- Organizations may still receive incoming payments even if required documents are not yet fully submitted;
- Materials must be submitted within 30 days;
- After the materials are fully prepared, outgoing transactions will be enabled;
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Terms and condition
| Terms | MNT | USD | EUR | CNY | JPY | RUB | KRW | GBP | SGD | HKD |
| Annual interest rate | 3.0%* | 1.2%* | 1.2%* | 1.2%* | 1.2%* | – | – | – | – | – |
| Account opening fee | No fee | |||||||||
| Monthly service fee | No fee | |||||||||
| Minimum balance requirement | 5,000 MNT | 5 USD | 5 EUR | 35 CNY | 500 JPY | 100 RUB | 5,000 KRW | 5 GBP | 5 SGD | 3 HKD |
| Account closure fee | 5,000 MNT | Foreign currency equivalent to 5,000 MNT | ||||||||
| Description:
– An account for the organization’s payments. |
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| – * is the maximum rate of the interest rate on the product | ||||||||||
- Customer application form; /download here/
- Official letter; /Request to open an account/
- Authorized signature, stamp /must be authorized by notary/; /download here/
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and Certificate of Alien Registration;
-
Confirmation page;
- If the Shareholder is an organization, then the State Registration Certificate of the organization, if not, a reference to the E-Mongolia system
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Trans Bank operates in accordance with the Law on Banks and the Law on Insurance Intermediaries. Pursuant to Resolution No. 346 issued by the Financial Regulatory Commission on December 4, 2019, the bank has been granted a special license to engage in the business of bancassurance, thereby becoming a recognized professional participant in the insurance industry. In compliance with the relevant statutory provisions, regulations, and directives, Trans Bank provides comprehensive insurance services through its branches and affiliated units, delivering high-quality services to its clients.
Advantages of Bancassurance:
By utilizing Trans Bank as your intermediary for insurance services, you will not incur additional commission fees or charges.
Moreover, you will be able to access insurance offering with more favorable premiums and enhanced coverage, compared to the terms typically offered directly by insurance companies to the public.