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Advantages

  • Make withdrawals from the deposited savings at a pre-agreed fixed amount;
  • At the end of the term, get the balance of the deposit with compounded interest.
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Terms and Conditions

Terms and Conditions

Currency MNT only
Annual interest rate 14.00%
Available terms 6, 9, 12 months
Additional deposit during the term Not allowed
Minimum deposit 500,000,000 MNT
Withdrawal condition Frequency: monthly
Amount: to be negotiated
Limit: Withdrawal amount shall not exceed 40% of the initial deposit sum.
Early termination without penalty interest Each quarter
Interest rate upon early termination of contract /annual/ 2.4%-4.8%

Explanation: The client deposits his/her funds and can withdraw a fixed amount every month.

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Advantages

  • Make withdrawals from the deposited savings at a pre-agreed fixed amount;
  • At the end of the term, get the balance of the deposit with compounded interest.
Categories
Home

Terms and Conditions

Terms and Conditions

Currency MNT only
Annual interest rate 14.00%
Available terms 6, 9, 12 months
Additional deposit during the term Not allowed
Minimum deposit 500,000,000 MNT
Withdrawal condition Frequency: monthly
Amount: to be negotiated
Limit: Withdrawal amount shall not exceed 40% of the initial deposit sum.
Early termination without penalty interest Each quarter
Interest rate upon early termination of contract /annual/ 2.4%-4.8%

Explanation: The client deposits his/her funds and can withdraw a fixed amount every month.

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Advantages

  • At the end of the savings period, you will have a high yield on tugrik
  • At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date
  • Even if early termination of deposit is occurred, shall have a high yield .
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Terms and conditions

Account currency MNT
Tenor 12 months
Annual Interest rate 13.20%
Minimum deposit 50,000,000 MNT
Interest rate upon early termination of contract /annual/ 2.4%-4.8%
Interest payments At the end of the contract
Conditions for earning income Impossible
Withdrawals At the end of the contract
Explanation:

At the end of the savings period, the official U.S. dollar provision announced by the Mongolian bank is appreciated against the currency of account opened date by at least as a percentage of the savings interest rate (after tax savings interest rate), principal deposit amount shall be obtained at currency of account opened date.

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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.
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How long does an international wire transfer take?

International wire transfers take approximately 1 to 3 business days.

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What should a customer consider when making international remittances?

Detailed information about the beneficiary name, account number, full address, beneficiary bank’s swift code, name, address, and remittance purpose must be filled in accurately and legibly.

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What are the currencies used for international remittances?

We offer international remittances services in all major currencies including USD, GBP, RUB, JPY, CNY, EUR, HKD, and SGD.

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How to increase your daily transaction limit for internet banking?

For an individual:

Please visit any of the TransBank branch with your ID card or please send your request to info@transbank.mn from your registered email address.

For a legal entity:

Please visit any of the TransBank branch with an official letter  request or please send your request to info@transbank.mn from the legal entity’s registered email address.

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What should a customer do if he/she forgot the internet banking login name and email address?

In this case, you can visit the branch with your ID or by calling our Customer Service Center at 7716-9999 for your login name

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What is a one-time password (OTP) and in which case to get it?

А one-time password is used when accessing from new devices as well as transactions above MNT 3.0 million., you can receive it through the email, SMS, and/or OTP application. Please note that a one-time password is valid for  2 minutes!

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What should a customer do if he/she forgot the internet banking login password?

You can reset your password by calling the Customer Service Center at 7716-9999. You can also reset your password by going to the “Password Recovery” section of the Transbank application and entering your You may also reset your password by visiting any of our branches with your ID card.

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How to register for an internet banking service?

For an individual:

  • You may open our internet banking service at any of TransBank branch with your ID card.

For a legal entity:

  • We request an official letter signed by an authorized signature and copy of ID card.