Category: Citizens

Interbank transfer

Interbank transfers can be made in the following currencies: MNT, USD, EUR, CNY, JPY, RUB, and GBP.

A fee will be charged if small denominations are included when making cash transactions or deposits into a foreign currency account.
A fee will be charged if small denominations are included when paying loan interest or principal in cash.
A fee will be charged when making cash disbursements from a loan granted to a foreign currency account in non-cash form.
A fee will be charged if foreign currency cash is deposited into a current account and then transferred non-cash to another customer, and that customer withdraws the funds in cash.
A fee will be charged if non-cash transactions or deals are conducted in a foreign currency account and funds are withdrawn in cash.
If the amount of cash withdrawals exceeds the amount of cash deposits, a fee will be charged on the difference.

Hedged	Conditions
Account currency	MNT
Term of deposit	6 months	12 months
Annual Interest	6.0%	7.0%
Early termination interest rate	2.0% /annual interest/
Minimum balance	1,000,000,000 MNT
Interest payment conditions	At the end of the period

Type of service	Conditions
Account currency	MNT	USD
Term of deposit	Annual Interest
1 month	10.5%	2.2%
3, 6 and 9 months	12.5%	4.0%
12 months	13.2%	4.0%
Deposit amount	100,000,000 MNT 500,000,000 MNT	100,000 USD 500,000 USD
Interest payment on early termination	2.4%	0.6%
Interest payment conditions	At the end of the period
Repo Financing Rate	Savings Certificate Interest + 4.00%	Repo financing will not be provided
Other	Additional deposits not allowed
Open an account	No fee