Тун удахгүй
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Author: admin
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Privacy policy
- All Customers can withdraw their consent and/or request for data deletion and they can deregister the service by requesting to the branch.
- TransBank application asks the following permissions: network, camera,contacts and biometric permissions to provide a better user experience with fast, easy-to-use, and qualified services.
- TransBank only accesses the user’s phone contact list to enable the user to send invoices to other customers and does NOT store or USE it for any other purposes.
- TransBank does not collect the user’s personal data in a secretive manner and in a manner that exceeds the purpose for which it was collected, and/or in an unreasonable manner.
- TransBank uses standard encryption and Data Loss Prevention technology to prevent data loss and takes all necessary measures to protect our customer’s data.
- TransBank does not disclose customer’s personal information to any third-party.
- TransBank does not use and provide personal data or any special category of data, such as service logs, sensitive personal data, or biometric features for service improvements, advertising, and marketing.
- During transactions using third-party payment services, TransBank’s application does not record the user’s transaction authentication information, or disclose customer personal data that is irrelevant to the corresponding transactions, to any third party, unless required by applicable laws or when it is necessary to provide the service.
- TransBank complies with the applicable laws and regulations including the Bank of Mongolia.
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Advantages
- Competitive interest rates;
- Can be used as collateral for savings-backed loans with a low interest rate;
- Term deposits with 12 to 24 month maturities which pays interest income quarterly;
- No restrictions for deposit transactions;
- Access and manage your bank term deposit account using online banking services.
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Terms and conditions
| Terms |
MNT |
USD | EUR | CNY |
JPY |
| Tenors | Annual Interest rates | ||||
| 1 month |
10.50%* |
2.20% |
1.20% |
1.20% |
1.20% |
| 2 months |
10.50%* |
2.50% | 1.20% | 1.20% |
1.20% |
| 3-6 months |
11.00% |
4.00% | 3.60% | 4.00% |
3.30% |
| 7-9 months |
11.50% |
4.00% | 3.60% | 4.00% |
3.30% |
| 10-11 months |
12.00% |
4.00% | 3.60% | 4.00% |
3.30% |
| 12 months |
14.00% |
4.00% | 3.60% | 4.00% |
3.30% |
| 13-18 months |
14.00% |
5.00% | 3.60% | 4.00% |
3.30% |
| 19-24 months |
14.00% |
5.50% | – | – |
– |
| Interest rate upon early termination of contract /annual/ |
2.4%-4.8% |
1.2% | 0.6% | 0.6% |
0.6% |
| Minimum deposit requirement |
10,000 MNT |
10 USD | 10 EUR | 100 CNY |
1,000 JPY |
| Interest capitalization | – Deposit accounts with 1 to 11 months maturity earns interest at the end of the contract;
– Term deposits with 12 to 24 month maturities earns interest quarterly. |
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| Withdrawals | – Allows you to make withdrawals from deposit account with 12 months maturity for once every 3 months for a calendar week.
– Allows you to make withdrawals from deposit account with 13 to 24 months maturity for once every 6 months for a calendar week. |
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| Other conditions | – For deposits with a term of 13-24 months, the interest rate for deposits kept for more than 1 year shall be re-determined on the first 7 days of January of each calendar year in accordance with the general terms and conditions of interest and fees of Bank services in force at that time.
– Up to 4.00% incentive interest may be granted depending on the balance for 3-24 months MNT deposits. – Up to 3.00% incentive interest may be granted depending on the balance for 1 month MNT deposits. |
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| Account opening fee | No fee | ||||
| Savings book | Free | ||||
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
We work with world-renowned banks and financial institutions, export agencies, development banks such as Commerzbank AG, Sumitomo Mitsui Banking Corporation, IBEC etc. in the field of trade finance to provide our customers with low cost financing solutions to increase the working capital management.
In cooperation with global banks such as China Constructions Bank, KEB Hana bank, Commerzbank, SMBC bank, Oversea-Chinese Banking Corporation etc. in the field of foreign payments, we offer fast and secure foreign payments services to our customers. The transactions are made through our 30 nostro accounts held with 14 leading banks in 9 different currencies.
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Professional team
By using financial instruments such as project financing and syndicated lending, we offer our customers the ability to attract funds from foreign markets.
In cooperation with internationally renowned banks and financial institutions in the fields of trade finance, project finance and international payments, we offer our customers a comprehensive range of products and services tailored at customers convenience.
