The department conducts target market research, cost analysis and benefit realizations of new projects, develops, promotes and sells products besides nurturing industry-leading projects. We offer customized investment products and services to customers including developing business plans for the projects that needs investments.
Author: Batbayar
The department focuses on companies and individuals, by providing and developing specific financial products and services for their needs in the area of construction and the infrastructure sector, which is one of the leading sectors in the development of Mongolia. Our team emphasizes the importance of professional know-how, realistic market valuation and risk management in order to improve clients’ business and increase their profitability by adapting regular bank products to reflect sector specific factors.
Service
Main goal of the department is to support individuals and companies in the key sectors that play a significant role in Mongolia’s economic development, such as industry, mining, renewable energy, and heavy industry, and to provide financial services tailored to their specific needs. Moreover, we regularly publish price and cost research and information on machinery, equipment, goods, materials and raw materials, estimate market risks, and conduct research and analysis related to the import, sales and leasing of machinery and equipment.
Service
The department was established with purpose to study the international standards of growth and decline of domestic and foreign trade turnover, transportation, logistics, payment terms, and to provide customers with bank loans, guarantee, letter of credit and collection services. We cooperate closely with foreign and domestic financial institutions and investors on syndicated financing for projects, opening accounts for foreign-funded projects and programs through Transport and development bank, and making advance payments.
- 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 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
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
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.
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 |
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.)
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
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.
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 |