| 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
Benefits
- Earn the highest annual return in MNT currency;
- Term deposits with 6, 9 or 12 month maturities will earn interest quarterly and account withdrawals are allowed every 3 months for a calendar week;
- A risk-free investment solution;
- Earn and receive higher returns even on early termination of contract.
| Terms | USD |
| Tenor | 3 months, 6 months, 9 months, 12 months |
| Annual interest rate | 5.00% |
| Interest rate upon early termination of contract /annual/ | 2.00% |
| Initial deposit requirement to open account | 200,000,000 MNT or equivalent USD |
| Minimum deposit | 100,000,000 MNT or equivalent USD |
| Interest capitalization | · Deposit accounts with 3 months maturity earns interest at the end of the contract;
· Term deposits with 6, 9 or 12 month maturities earns interest quarterly. |
| Add funds to deposit account | Not allowed |
| Withdrawals | Allows you to make withdrawals from deposit account with only 6 to 12 months maturity for once end of every 3 months for a calendar week. |
| Convertible currency | MNT* |
*Note: At the end of the contract, when the contract arrangements are fulfilled, the bank will offer the most favorable exchange rate conditions related to the attractiveness of the overall market conditions to convert your deposit to MNT.