- Earn interest and profit from short-term investment.
- Protection against currency risk exposure (exchange-rate risk)
- Allows you to make withdrawals from a deposit account every quarter for a calendar week.
Author: Tsolmonbayar
Terms and conditions
Terms |
Short-term deposit |
Long-term deposit |
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Tenor |
6 months |
12 months |
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Currency |
MNT |
USD |
MNT |
USD |
Annual interest rate |
15.00% |
5.0% |
16.00% |
6.0% |
Interest rate upon early termination of contract /annual/ |
2.4%-4.8% |
1.20% |
2.4%-4.8% |
1.20% |
Minimum deposit |
200,000,000 MNT or equivalent USD |
500,000,000 MNT or equivalent USD |
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Interest payments |
Quarterly |
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Withdrawal condition |
Quarterly |
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Deposit condition |
Possible |
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Conversion between currencies |
Any time during the contract, at principal amount only |
- Application form for legal entities /download here/;
- An official letter for opening a new bank account;
- Notarized copy of ‘State Registration Certificate’;
- Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
- Notarized signature of applicant /download here/;
- Declaration of Beneficial Ownership /download here/;
- Copy of ID card of the authorized personnel to operate the account;
- Additional documents /if necessary/.
Benefits
- No fees charged for ‘intra-bank’ (within TransBank account) transactions;
- Saves your precious time.
Шимтгэл, хураамж
Available service fees |
Fees and charges |
Admission fee /annually/ |
50,000 MNT |
Intra-bank transactions fee /transactions made between TransBank accounts/ |
No fee |
- A formal request or official letter provided by the customer is required to apply for this service
Fees and charges
Available service fees | Fees and charges |
Account statements /Per 1 sheet/ | 100 MNT |
Reference letters: | |
Reference letter in Mongolian | 4,000 MNT |
Reference letter in English | |
Providing dedicated reference letters at the customer’s request | 15,000 MNT |
Providing reference letters for new accounts, opened less than 14 days since opening an account or for an additional new account co-holder | 30,000 MNT |
Additional copy of the reference letter /per copy/ | 1,000 MNT |
Reference letters regarding loan accounts or loans | 30,000 MNT |
Recover income, expenses and non-cash receipts from program, if lost | 300 MNT |
Making hard copy of documents and enquiries from bank’s archive /per page/ | 3,000 MNT /within 1 year/ |
5,000 MNT /within 1-3 years/ | |
10,000 MNT /above 3 years/ | |
Correction transaction from caused by customer error | 500 MNT |
Daily statements | No fee |
Savings book | 1,000 MNT |
Issue bank cash cheque /Only for corporate and business account customers/ | |
Per cheque | 200 MNT |
Bank cheque book /with 25 pages/ | 4,000 MNT |
Authorized Signature Form | No fee |
Cash withdrawals and income form | |
Account open request form | |
Account balance form of payment |
Benefits
- The most convenient and safe method for keeping your items;
- Protected from all types of external influences;
- Only the owner of the box has the right to open and to know what’s inside;
- Own as many boxes you want;
- Boxes are also available to be entrusted to one or more other owners at your discretion.
№ |
Varieties of box size selection /length*width*height/ |
Period for using ‘Deposit box’ |
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1-15 days |
16-30 days | 31-90 days |
91 or above |
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Daily fee |
|||||
1 |
56*30*52 cm | 700 MNT | 650 MNT | 550 MNT |
500 MNT |
2 |
56*30*22 cm | 500 MNT | 400 MNT | 350 MNT |
300 MNT |
3 |
56*30*11 cm | 450 MNT | 350 MNT | 300 MNT |
250 MNT |
- A formal request or official letter provided by the company is required to apply for this service.
Benefits
- Time saving;
- The service is free;
- Transfer funds to your deposit account regularly;
- The timing and amount of the transaction can be adjusted as per the customer’s requirements.
Fees and charges
This service does not charge any admission fee or transaction fee.
Requirements
- Have an account already opened by your organization
Бүтээгдэхүүний нөхцөл
Үйлчилгээний төрөл |
Үйлчилгээний нөхцөл |
|
Дансны валют |
Төгрөг |
|
Хугацаа |
3 сар |
6 сар |
Жилийн хүү |
6.00% |
7.00% |
Хугацаанаас нь өмнө цуцлахад төлөх хүү |
2.00% /жилийн хүү/ |
|
Доод үлдэгдэл |
1,000,000,000 төгрөгтэй тэнцэх ам.доллар |
|
Хүү олгох давтамж |
Хугацааны эцэст |
|
Данс нээх |
Хураамжгүй |
|
Хадгаламжийн дэвтэр |
Үнэгүй |
|
Хадгаламж барьцаалсан зээлийн нөхцөл |
Хэмжээ: хадгаламжийн 90 хүртэл хувь; Хүү: хадгаламжийн хүү + 6.00%; |
Benefits
- Company management or a particular employee can hold the card.
- Operating cash flow management effectively;
- Secured with the latest EMV chip technology
- Paywave technology that allows contactless payment