| Conditions |
Hedged savings collateralized loan |
|
| Product |
Hedge deposit |
Hedge deposit /High balance/ |
| Loan amount |
Up to 75% of term deposit amount |
|
| Loan interest rate /annual/ |
23.4% |
26.0% |
| Term |
Determined by maturity date of term deposit |
|
| Service fee |
0% |
|
| Penalty interest rate |
Penalty interest rate /equivalent to 20% of base interest rate/ is added to the base interest rate |
|
| Fee for changing the original loan terms |
0% |
|
| Loan application fee |
MNT 0 |
|
Category: Personal Banking
Categories
Benefits
- Allows you to make withdrawals from a deposit account every quarter for a calendar week
- Receive interest payments every quarter
- If the official US dollar rate announced by the Bank of Mongolia increases, the interest rate on your deposit will increase accordingly
| TERMS AND CONDITIONS | ||
| Tenor | MNT | |
| Term | 12 months | |
| Annual interest rate | The bank’s 12 months regular term deposit interest rate | |
| Total annual interest rate | Annual interest rate + Exchange rate risk sharing interest rate* | |
| Minimum deposit | 500,000,000 MNT | |
| Interest rate upon early termination of contract | 2.4%-4.8% | |
| Interest capitalization | Quarterly | |
| Withdrawals | Quarterly | |
| Conditions for earning income | Possible | |
| TERMS OF EXCHANGE RATE RISK SHARING INTEREST RATE | ||
|
№ |
USD exchange rate of the Bank of Mongolia** /MNT/ | Exchange rate risk sharing interest rate* /annual/ |
| 1 |
3,000 ≤ ** < 3,100 |
0.5% |
| 2 |
3,100 ≤ ** < 3,200 |
1.0% |
| 3 |
3,200 ≤ ** < 3,300 |
1.5% |
| 4 |
3,300 ≤ ** < 3,400 |
2.0% |
| 5 |
3,400 ≤ ** < 3,500 |
2.5% |
| 6 |
3,500≤ ** |
3.0% |
| Note : *The interest rate on this deposit will change in accordance with the policy rate of the Bank of Mongolia and the rise and fall of the exchange rate. | ||
- Customer application form /download here/;
- Documents required:
- For Mongolian citizens: Citizens ID card;
- For Foreign citizens: Passport and certificate of alien registration.
Categories
We offer a Visa international card, which is secured using the latest EMV chip technology and provides an opportunity to make payments around the world.
Categories
Benefits
- Manage card accounts through the Online banking service;
- Available for use both in Mongolia and overseas;
- The highest limit for daily purchase transactions.
Categories
Бүтээгдэхүүний нөхцөл
|
Visa Gold debit card |
|
| Currency | MNT, USD, EUR, CNY |
| Admission fee | 50,000 MNT |
| Validity | 3 year |
| Card order fee (urgently) | 5,000 MNT |
| Cash withdrawal at TransBank branch | 200 MNT or currency equivalent to 200 MNT |
| Cash withdrawal from other banks’ АТМ | 500 MNT or currency equivalent to 500 MNT |
| Cash withdrawal from foreign banks’ АТМ | 2% (min 3 USD) |
| Balance inquiry at TransBank branch | 100 MNT or currency equivalent to MNT |
| Balance inquiry at other domestic banks’ ATM | |
| Balance inquiry at other domestic bank branch | |
| To check account balance from foreign banks /AТМ/ | 0.5 USD |
| Change PIN code at TransBank branch | 1,000 MNT or currency equivalent to 1,000 MNT |
| Requesting new PIN code at TransBank branch | |
| Request or change e-PIN code /Branch/ | No fee |
| Reissuance fee | 30,000 MNT |
| Daily cash withdrawal limit | 25,000,000 MNT |
| Daily POS purchase limit | 100,000,000 MNT |
| Minimum required balance | 5,000 MNT / 10 USD / 10 EUR / 50 CNY |
Categories
Required documents
Please visit the nearest branch of TransBank to order.
Individual:
- ID card
For foreigners:
- Passport
- Alien Registration Card
Categories
Terms and conditions
| MNT | USD | JPY | |
| Duration | 3 months | ||
| Annual interest rate | 8.0%-10.0%* | 2.0 -2.5% | 1.50%-2.0% |
| Minimum deposit | 10,000 төгрөг | 10 ам.доллар | 1,000 иен |
| Interest capitalization | Monthly | ||
| Deposit condition | Possible | ||
| Withdrawal condition | can spend at any time | ||
*Incentive interest is granted depending on the balance of deposits.
- Application form for legal entities /download here/;
- An official letter for opening a new bank account;
- An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
- Notarized copy of ‘State Registration Certificate’;
- Notarized copy of Company’s ‘Charter or Memorandum of Association (MOA);
- Notarized signature of applicant /download here/;
- Declaration of Beneficial Ownership /download here/;
- Copy of ID card of the authorized personnel to dispose with an account;
- Additional documents /if necessary/.
Categories
Benefit
- Create savings without financial pressure.
- Learn the habit of saving.
Categories
Terms and conditions
| Service | Smart savings | ||
| Choices | Savings | Income savings | Daily savings |
| Total amount:
– 1,000 MNT – 2,000 MNT – 3,000 MNT – 4,000 MNT – 5,000 MNT |
Savings percent:
– 1.0% – 6.0% – 2.0% – 7.0% – 3.0% – 8.0% – 4.0% – 9.0% – 5.0% -10.0% |
Total amount:
– 1,000 MNT – 2,000 MNT – 3,000 MNT – 4,000 MNT – 5,000 MNT |
|
| Description | Note for each non-cash (card) purchase and payment transaction, the transaction amount is rounded up to 5,000 and the difference is accumulated in the savings account. | Accumulate a fixed percentage of the transaction amount in a savings account for each income transaction other than a loan | Accumulate current account balances up to 5,000 and accumulate in savings account at 00.00 every day |
| Account | The customer’s current account can be used, and if the customer does not have a current or savings account, can choose from the products specified open a new account. | ||
| Service fee | No fee | ||
| Registration | Come to the branch of the bank with your documents and register for additional services. | ||
Categories
Required documents
- Customer application form;
- Documents required:
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
|
Branch name |
Name | License date |
Location |
| Head office | GARAVSUREN.N | 2023 | Shangri-La Office, 19A Olimpic St, 1st khoroo, Sukhbaatar district, Ulaanbaatar, Mongolia |
| Ard Branch | MICHIDMAA.B | 2023 | 1st floor, Building B8, Baga Toiruu St-9, 1st Khoroo, Chingeltei District, Ulaanbaatar, Mongolia |
| Naran Branch | ENKHBAT.G | 2020 | 1ST, 2ND floor, Naran Mall Department Store, Seoul St-35, 3rd Khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia |
| Munkh tower branch | ARIUNTUGS.E | 2023 | 1st floor, Munkh Tower, Chinggis Avenue Street, 1st Khoroo, Khan-Uul District, Ulaanbaatar, Mongolia |
| MUNKHZUL.G | 2023 | ||
| Central Tower Branch | BOLORMAA.Z | 2020 | 4th floor, Central Tower, Sukhbaatar square-2 , 8th Khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia |
| USUKHBAYAR.B | 2023 | ||
| Cedar Branch | TUNGALAG.A | 2022 | 1st floor, Cedar City Residence Town, 4th Khoroo, Khan-Uul District, Ulaanbaatar, Mongolia |
| Sakura Branch | BAYARMAA.G | 2022 | 1st floor, Sakura Building Center, Ikh Mongol St, 26th Khoroo, Bayanzurkh District, Ulaanbaatar, Mongolia |
| Shangri-la Branch | BILGUUN.N | 2022 | 6th floor, Shangri-La Office, 19A Olympic St, 1st Khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia |
| DAGIIMAA.O | 2022 | ||
| Zuun durvun zam branch | KHUSLEN.B | 2023 | 1st floor of Naran Shopping Mall’s 2nd Building, 15th Khoroo, Bayanzurkh District, Ulaanbaatar, Mongolia |
| Premium branch | BAYARMAA.G | 2023 | 2nd floor, Premium Palace, Ikh Toiruu St, 5th Khoroo, Chingeltei District, Ulaanbaatar, Mongolia |
| River garden branch | ENKHNARAN.B | 2022 | 1st floor, Building 308, River Garden Town, Ikh Mongol St, 11th Khoroo, Khan-Uul District, Ulaanbaatar, Mongolia |
Categories
Exclusive Trip offers you great opportunities of being protected financially, while traveling in Mongolia. We never know what happens in the future if there is some bad luck of getting into an accident, food poisoning or any chronic conditions raise ups, that can interrupt your whole journey with a life threatening scenes. In such cases, we should always be protective to take the action to reduce further losses. The Exclusive Trip is a right insurance, that you can be protected financially and enjoy your journey with a peace of mind. If there is an emergency during the trip, Exclusive Trip will pay you for the air ambulance to Ulaanbaatar and hospitalization treatments.
Please e-mail us for more information reaching our experts or contact:
E-mail: daatgal@transbank.mn
Tel: +976 7716-9999