Categories
Account Statements and Enquiries

Eligibility or required documents

  • Documents required:
      • For Mongolian citizens: Citizen’s ID card;
      • For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
Safe deposit box service

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 rights 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.
Categories
Safe deposit box service

Fees and charges for the boxes

Notice: Prohibited items for safety deposit boxes include explosives, chemicals harmful for the environment, flammable and volatile items, weapons and firearms.

Varieties of box size selection

/length*width*height/

Period for using ‘Deposit box’

1-15 days

16-30 days 31-90 days

91 or above

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

Categories
Safe deposit box service

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizen’s ID card;
    • For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
Automatic and periodic payments (for utility payments and bills etc.)

Benefits

  • Perfect for those who do not want to lose time coming physically to the bank;
  • The service is free;
  • Easy for those who are saving;
  • The timing and amount of the transaction can be adjusted as per customer request.

 

Categories
Automatic and periodic payments (for utility payments and bills etc.)

Fees and charges

This service does not charge any admission fee or transaction fee.

Categories
Automatic and periodic payments (for utility payments and bills etc.)

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizen ID card;
    • For Foreign citizens: Passport and certificate of alien registration.
Categories
Other fees and charges

Other fees

Services MNT USD EUR CNY JPY RUB KRW GBP
Cash deposit Smaller banknotes* 2.0% 2.0% 2.0% 8.0% 0.3% 1.5%
Other 1.5%
 
Cash withdrawal Current account and deposit accounts 200 200 MNT + Additional charges mentioned below depending on currency.
  0.5% 0.5% 0.5% 3.0% 0.5% 1.5% 0.5%
 
Non-cash transactions Intra-Bank (within same bank accounts) transactions: 100 Foreign currency equivalent to 200 MNT
Inter-Bank transactions:
Up to 5,000,000 MNT 200 1,500 MNT
Over 5,000,001 MNT 500
Tranfer cash to other bank accounts 1,000
 
Account opening fee Free
 
Account service fee For active accounts /monthly/ No fee
Temporary inactive or suspended account fee /monthly/ 2,000 Foreign currency equivalent to 2000 MNT
Demand deposit fee /annually/ 1,000 Foreign currency equivalent to 1000 MNT
Dormant account fee /monthly/ 2,000 Foreign currency equivalent to 2000 MNT
 
Account closure fee 1,000 Foreign currency equivalent to 1000 MNT
Categories
Other fees and charges

Notice

*- Smaller banknotes: USD 1, 2, 5, 10, 20, 50 banknotes; CNY 1, 5, 10, 20 banknotes; RUB 10, 50, 100 banknotes.

Categories
Other fees and charges

Inter-bank transactions

  1. Inter-bank transactions are made in MNT, USD, EUR, CNY, JPY, RUB, GBP, HKD and SGD currencies.
Categories
Other fees and charges

Fees for FX cash transaction

  • Fees charged for cash deposits into an account to make any non-cash transactions including foreign exchange, deposit, loan repayment, transfer etc.; 
  • Fees charged for cash withdrawals from an account unless cash deposits made into an account previously; 
  • Smaller banknote fees may apply for using the specific banknotes mentioned above;
Categories
Hedge deposit

Benefits

  • Earn bigger high-yields in the short-term
  • Protection against currency risk exposure (exchange-rate risk)
Categories
Hedge deposit

Terms and conditions

Terms

Hedge deposit

Hedge deposit

/High balance/

Currency

MNT

Tenor

6 months

12 months 6 months 9 months

12 months

Annual interest rate

6.00%

7.00%  7.50%  8.50%

 9.00%

Interest rate upon early termination of contract /annual/

2.00%

3.50%

Minimum deposit

USD equavant to 200,000,000 MNT

MNT equivalent to 1,000,000 USD

Interest rate payments

At maturity date

Withdrawal condition

At maturity date

Deposit condition

Impossible

Account opening fee

Free

Savings book

Free

Categories
Hedge deposit

Fees and charges

Other deposit account fees

Categories
Hedge deposit

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizen’s ID card;
    • For Foreign citizens: Passport and Certificate of Alien Registration.