Categories
Escrow account

Benefits

  • Eliminate the potential multifaceted issues and misunderstandings or doubts that may arise between the contract parties, and minimize the risks;
  • Under the terms and conditions specified in the contract, the bank executes withdrawal transactions with the consent of both the involving parties;
Categories
Escrow account

Terms and conditions

Terms

Service Fees and Charges

Account currency

MNT

USD

EUR

CNY

JPY

For the contract of sale and purchase of an apartment:

Seller side

MNT 20,000

10 USD

10 EUR

70 CNY

1,000 JPY

Buyer side

MNT 20,000

10 USD

10 EUR

70 CNY

1,000 JPY

For other contracts:

Beneficiary

0.1%

0.1%

Up to MNT 100,000

Currency equivalent to MNT 100,000

Payer

0.1%

0.1%

Up to MNT 100,000

Currency equivalent to MNT 100,000

Categories
Escrow account

Other fees

Other fees for current and savings accounts

Categories
Escrow account Home

Eligibility or required documents

  • Customer application form /download here/
  • Provide a copy of the contract signed by both parties, along with the original document.
  • For Mongolian citizens: ID card;
  • For Foreign citizens: Passport and Residence permit in Mongolia