- 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;
Categories
Author: Batorgil E
Categories
Terms and conditions
Account type |
Conditions |
|
Account currency
|
MNT |
|
Term of deposit |
12 months
|
| Interest rate /annually/ |
14% |
| 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 |
Categories
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
|
| Interest rate /annually/ |
14% |
| 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 |
Categories
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;
Categories
Terms and conditions
|
Gold-Term Savings Account Terms and Conditions
|
||||
|
Account opening currency
|
XAU- Gold
|
|||
| 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% | |||
|
Minimum balance |
– |
|||
| Interest payment conditions |
Quarterly |
|||
|
Open an account
|
Free | |||
Categories
Benefits
- High interest return in comparativily shorter period of time;
- Hedging against exchange rate risk;
- Earn your interest on quarterly basis;
- Withdrawals are allowed for 7 calendar days in each quarter;
Categories
Benefits
- Newly established organizations with incomplete documentation can open a current account;
- The filing materials are missing, but the revenue transaction is possible;
- Materials must be submitted within 30 days;
- After the materials are fully prepared, the right to spend will be opened;
Categories
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. |
||||||||||
| – * 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