Category: Citizens

Conditions

Post author By Khongorzul O
Post date December 10, 2024

Service type	Individual		Corporate
Intra-Bank transaction fee	MNT	Other	MNT	Other
	100 MNT	Equivalent to 200 MNT	100 MNT	Equivalent to 200 MNT
Interbank transaction fee	200 MNT (low valued)	Equivalent to 1500 MNT	200 MNT (low valued)	Equivalent to 1500 MNT
	500 MNT (high valued)		500 MNT (high valued)

Internet banking

Required documents

Post author By Khongorzul O
Post date December 10, 2024

You can register for Internet banking by visiting the nearest TransBank branch with a valid ID card, filling out a customer application form, and signing the required agreement.

Individual:

ID card or foreign passport

MoneyGram

Advantages

Post author By Batbayar
Post date May 16, 2022

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.

MoneyGram

Terms and conditions of MoneyGram international money transfer service

Post author By Batbayar
Post date May 16, 2022

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

MoneyGram

Attention:

Post author By Batbayar
Post date May 16, 2022

Required information when coming in to the branch to make a transaction:

ID card
Recipient’s 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.

Sending foreign payments

Features

Post author By Batbayar
Post date May 16, 2022


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

Sending foreign payments

Charges

Post author By Batbayar
Post date May 16, 2022

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 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	No fees will be charged until December 31, 2025.	No fees will be charged until December 31, 2025.
Chinese Yuan	>100,000	No fees will be charged until December 31, 2025.	No fees will be charged until December 31, 2025.
Japanese Yen	–	12,000 MNT+0.3% (when paying in cash)	0.05% (min. 2,500 JPY)
Russian Ruble	–	15,000 MNT+1.5% (when paying in cash)	–
British Pound	–	15,000 MNT+ 0.3% (when paying in cash)	15 GBP
Hong Kong Dollar	–	25,000 MNT+ 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

Sending foreign payments

Charges for recalling and amending international transfers and inquiries at the request of customer

Post author By Batbayar
Post date May 16, 2022

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

Sending foreign payments

Things to keep in mind when sending international payments

Post author By Batbayar
Post date May 16, 2022

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, please specify the purpose of the payment (for example, tuition, gifts, donation, etc.)

Sending foreign payments

Terms of the intermediary bank fee

Post author By Batbayar
Post date May 16, 2022

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.