Categories
Convertible deposit

Eligibility or required documents

  • Customer application form
  • Documents required:
    • For Mongolian citizens: Citizens ID card;
    • For Foreign citizens: Passport and certificate of alien registration.
Categories
Prepaid interest deposit

Benefits

  • Receive interest monthly to your current account and earn passive income;
  • No restrictions are applied for deposit transactions;
  • The highest Interest rate offered on the market.
Categories
Prepaid interest deposit

Terms and conditions

   

Terms

MNT USD
Tenor

Annual Interest rates

3 – 6 months

11.30%

3.80%

7 – 12 months

12.50%

3.80%

Interest rate upon early termination of contract /annual/

2.4%-4.8%

1.20%

Minimum deposit

1,000,000 MNT

1,000 USD

Interest payments

Monthly

Account opening fee

Free

Savings book

Free

 

 

Categories
Prepaid interest deposit

Fees and charges

Other current and saving account fees

Categories
Prepaid interest deposit

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizens ID card;
    • For Foreign citizens: Passport and certificate of alien registration.
Categories
“Golden coin” children's saving

Benefits

  • Enjoy the highest interest rate from our bank
  • Open your new savings account with the contract running until your child is 18, with the contract renewed every year to save you precious time
  • You can receive your child allowance directly into your children’s savings account
  • Earn interest annually and it can be credited to different accounts at your discretion
Categories
“Golden coin” children's saving

Terms and conditions

Terms

MNT USD EUR CNY

JPY

Annual Interest rates

14.00% 4.00% 3.60% 4.00%

3.30%

Interest rate upon early termination of contract /annual/

2.0%-4.8% 1.20% 0.60% 0.60%

0.60%

Minimum deposit

10,000 10 10 100

1,000

Interest payments

Per annum

Account opening fee

Free

Savings book

Free

Tenor

Contract expiry is 12 months and it can be renewed every year, up until your children is up to the age of 18.

Categories
“Golden coin” children's saving

Fees and charges

Other current and saving account fees

Categories
“Golden coin” children's saving

Eligibility or required documents

  • Customer application form /download here/;
  • An original copy of your child’s birth certificate;
  • Documents required for parents or legal guardians of the child:
    • For Mongolian citizens: Citizens ID card;
    • For Foreign citizens: Passport and certificate of alien registration.
Categories
Account service in ‘Gold’ denomination

Benefits

  • Deposit physical Gold as a bar by a floating valuation of XAU denomination
  • Safe and risk-free
  • Does not charge any withdrawal or transaction fees
Categories
Account service in ‘Gold’ denomination

Terms and conditions

Terms for gold current account (XAU)

Account currency

XAU- Gold /Oz/

Interest rate /annual/

 In face of the global pandemic COVID-19, no interest will be paid for any type of current accounts, during the implementation of the “Law on Prevention, Control and Reduction of Social and Economic Impact of Coronavirus”.

Minimum balance requirement

 –

Categories
Account service in ‘Gold’ denomination

Fees and charges

The account does not charge any withdrawal or transaction fees.

Categories
Account service in ‘Gold’ denomination

Eligibility or required documents

  • Customer application form /download here/;
  • An original copy of the “Trading permit” issued by the The Financial regulatory commission /FRC/;
  • Documents required:
    • For Mongolian citizens: Citizen ID card.
    • For foreign citizens: Certificate of Alien Registration Card and Passport Copy.
Categories
Escrow account

Benefits

  • Can prevent from the potential multilateral issues, misunderstandings and doubts between the parties and cover risks;
  • Reliable and safe transfer of the funds by the bank with the consent of the parties who are subject to the terms of the agreement;
Categories
Escrow account

Terms and conditions

Terms MNT USD EUR CNY

JPY

On purchase agreements for property and real estate’s sale:

Seller

20,000 10  10 70

1,000

Buyer

20,000 10  10  70

1,000

Other:

Seller 0.1% 

/Up to 100,000 MNТ /

0.1% 

/Currency equivalent to 100,000 MNT /

Buyer