- In May 2020, we served as a co-underwriter for the initial public offering (IPO) of Bodi Insurance JSC.
- In December 2022, we served as a co-underwriter for the over-the-counter issuance of bonds by Tavan Bogd Finance NBFI.
Categories
Author: Anu B
Categories
Advantages
- 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.
|
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 |
Required information when coming in to the branch to make a transaction:
- ID card
- Recipients full name
- Money to transfer and service fee
After the transaction is successful, notify the following to the recipient:
- An 8-digit service number will be provided by the Bank. You must disclose the number only to the recipient.
Categories
List of Correspondent Banks
|
BANK |
CURRENCY | ACCOUNT NUMBER | SWIFT CODE | LOCATION | |
| OVERSEA-CHINESE BANKING CORPORATION /OCBC/ |
USD |
503-558751-301 | OCBCSGSG |
SINGAPORE |
|
|
SGD |
717-370571-001 | ||||
| HKD |
503-295065-201 |
||||
| SUMITOMO MITSUI BANKING CORPORATION |
JPY |
5402 | SMBCJPJT |
TOKYO, JAPAN |
|
| KEB HANA BANK |
USD |
0963THR003000018 | KOEXKRSE |
SEOUL, KOREA |
|
| COMMERZBANK AG |
EUR |
400878504000EUR | COBADEFF |
FRANKFURT, GERMANY |
|
|
GBP |
400878504000GBP |
||||
| BAYERISCHE LANDESBANK |
EUR |
6370716 | BYLADEMM |
MUNICH, GERMANY |
|
| PT BANK NEGARA INDONESIA |
USD |
766022285 | BNINIDJA |
JAKARTA, INDONESIA |
|
| CHINA CONSTRUCTION BANK |
CNY |
15001658408052502829 | PCBCCNBJNME |
ERLIAN, CHINA |
|
| AGRICULTURAL BANK OF CHINA |
CNY |
05999901040000327 | ABOCCNBJ050 |
HOHHOT, CHINA |
|
| BANK OF INNER MONGOLIA |
USD |
115914236010000466 | HSSYCNBH010 |
ERLIAN, CHINA |
|
|
CNY |
115901236010000573 |
||||
| ZHEJIANG CHOUZHOU COMMERCIAL BANK |
USD |
15601142320800002742 | CZCBCN2X |
HANGZHOU, CHINA |
|
|
EUR |
15601382320800001875 | ||||
| CNY |
15601012320890002740 |
||||
| AKBANK |
TRY |
TR300004600999888000000090 | AKBKTRIS |
ISTANBUL, TURKEY |
|
| INTERNATIONAL BANK FOR ECONOMIC COOPERATION |
EUR |
30111978300000001734 | IBECRUMM |
MOSCOW, RUSSIA |
|
|
USD |
30111840700000001734 | ||||
| RUB |
30111810400000001734 |
||||
|
CNY |
30111156100051001734 |
Categories
Features
| You can make payments in the 9 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
Charges
|
CURRENCY |
AMOUNT | OUR BANK FEE |
CORRESPONDENT BANK FEE |
| U.S. 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 |
35 – 60 USD |
||
| U.S. Dollar (to South Korea) |
<5,000 |
15,000 төгрөг |
25 USD |
|
5,000.01-100,000 |
25,000 төгрөг | ||
| >100,000.01 |
35,000 төгрөг |
||
| Euro /to Germany/ |
<2,500 |
15,000 төгрөг | 5 EUR |
| 2,500.01-12,500 | 25,000 төгрөг |
10 EUR |
|
|
>12,500 |
35,000 төгрөг |
20 EUR |
|
| Euro /to other countries/ |
– |
30,000 төгрөг |
20 EUR |
| Chinese Yuan |
<100,000 |
10,000 төгрөг |
50 CNY |
|
>100,000 |
20,000 төгрөг |
||
| Japanese Yen |
– |
12,000 төгрөг+0.3% (when paying in cash) |
0.05% (min. 2,500 JPY) |
| Russian Ruble |
– |
15,000 төгрөг+1.5% (when paying in cash) |
– |
| British Pound |
– |
15,000 төгрөг+ 0.3% (when paying in cash) |
15 GBP |
| Hong Kong Dollar |
– |
25,000 төгрөг + 0.3% (when paying in cash) |
200 HKD |
| Singapore Dollar |
– |
20,000 MNT + 0.3% (when paying in cash) |
25 USD |
| Turkish Lira |
– |
15,000 MNT |
100 TRY |
| Others |
– |
32,000 MNT |
35 EUR |
|
SERVICES |
CURRENCY |
FEE |
| 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 |
|
| Inquiry |
USD |
30 USD |
|
EUR |
||
|
CNY |
||
|
JPY |
||
|
RUB |
||
|
GBP |
||
|
HKD |
||
|
SGD |
||
|
TRY |
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 ID document number
- Recipient’s bank name and SWIFT code
- Name of the correspond bank of the payee bank, SWIFT code (if any)
- in the remittance information field, specify the purpose of the payment (for example, tuition, gifts, donation, etc.)
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. Other intermediary 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 payment in the full amount.