Category: International Bank

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Submit a request

Relevant considerations

  1. Prior to submitting the registration form, it’s crucial to carefully read and review each question and ensure that all information is entered accurately and completely. The applicant bears full responsibility for any consequences resulting from providing incorrect, false information in the registration form.
  2. Any relationship related to the account opening process shall be regulated in accordance with the relevant laws of Mongolia and the deposit agreement concluded with the Bank.
  3. The applicant must fill out the account forms and agreement, and have such documents be verified by twither the Embassy of Mongolia, Consulate, or Representative office, and mail the verified documents to the Transport and Development Bank as per the directions given in the bank’s official email.
  4. The bank will either open the account within five business days of receiving the customer’s documents and completing the necessary review, or refuse to open the account if the submitted documents do not meet the legal requirements.
  5. The Transport Development Bank will exclusively use the email address …………@transbank.mn to send all communications concerning customer account opening services. If you receive any information from a different email address, please report it immediately to the aforementioned email address.
  6. Please note that the account will be closed if there is no income in the opened account within 30 days from the day of receiving the e-mail.
  7. It is your responsibility to maintain the confidentiality of your account information and internet banking login name and password, and the Bank cannot be held accountable for any repercussions resulting from the misuse of this information by third parties.
Categories
Introduction to Tokyo Representative Office

Introduction to Tokyo Representative Office

Within the framework of expanding its operations and increasing its market share, TransBank is engaging in various activities, including international banking, strengthening correspondent bank relations, and promoting Mongolia’s economic and market advantages to foreign organizations and entrepreneurs. As part of this effort, the bank has opened its representative office in Tokyo, Japan in accordance with the relevant laws of both countries based on the approvals granted by both the Financial Services Agency of Japan (on December 9, 2022) and the Bank of Mongolia (on January 25, 2023).

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Introduction to Tokyo Representative Office

Contact details

Contact
Name of Representative Office:   Tokyo Representative Office
Address: 〒100-0004　東京都千代田区大手町１－５ －１ 大手 町ファーストスクエア イースト\タワー４F
Telephone number:  03-5219-1440
Chief Representative: Hajime Uchida
E-mail address:     Tokyo.office@transbank.mn
Website: www.transbank.jp
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Savings Account

Sakura Savings Account

The Sakura Term Deposit is a secure savings product offered to customers in Japan, with competitive interest rates available for deposits in Mongolian Tugriks (MNT), as well as three other major foreign currencies.

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Savings Account

Terms and conditions

Sakura term deposit
Tenor

MNT

 USD

JPY
12 month 15.5% p.a 7.0% p.a 6.0% p.a
Penalty interest rate (annual) 4.8% 1.2% 0.6%
  Tenor of the term deposit can be extended only at the date of maturity
Minimum balance requirement No minimum balance requirement
Interest capitalization Interest on the deposit is paid to the customer’s current account on quarterly basis
Deposits It is possible to deposit into the term deposit account
Withdrawals On the date of maturity, to the customer’s own specified bank account
Issuance of deposit-backed loans and credit cards N/A
Co-account holder N/A
Features:

·         Customer can make deposit and withdraw transactions only between customer’s own bank accounts which is either a saving account or an account in a foreign bank under his/her title (Foreign remittance fees and charges related to the transaction shall be borne by the customer).

·         Interest on the deposit is paid quarterly to the customer’s current account and relevant taxes will be deducted.

·         At the end of term deposit contract, if no extension of the contract is requested, the deposit will be transferred to the demand deposit.

·         If the customer does not deposit the fund within 30 days after the bank account opening, the customer will be contacted to clarify whether the account should be closed.
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Savings Account

Required documents for submission

  1. Passport;
  2. Request form (click here to download);
  3. *Additional documents;

* Additional documents: The Bank may require additional documents and clarifications related to KYC procedures.

If the customer refuses to provide the necessary information, the Bank is obliged to refuse to provide services according to the AML-CFT Law of Mongolia.

The customer must not have intentions of engaging in money laundering or financing terrorism, nor have any affiliation with such illicit activities. Additionally, the customer must comply with the Law of Mongolia on Anti-Money Laundering and Combating the Financing of Terrorism, to avoid any violation of regulations in this regard.

In accordance with the Civil Law of Mongolia, the Law on Personal Privacy, and the Law on Organizational Confidentiality, the Bank will keep customer information strictly confidential except in special cases stipulated by law.

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Introduction to TransBank

Introduction to TransBank

 

  • Click here to learn more about TransBank.
Categories
Project Loans and Syndication

Advantages

  • Flexible terms tailored to the specifics of your business;
  • Long-term financing;
  • Based on the customer’s business area and needs.
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Project Loans and Syndication

Green Project Loan

The purpose of this product is to finance our customers’ projects that are intended for their improvement of sustainable use of energy, water, and materials, better waste management, long-term sustainable operation and their green businesses projects.

Categories
Project Loans and Syndication

Advantages of Green Project Loan

  • Longer repayment and grace period, available in 3 currencies;
  • The product provides our clients with the opportunity to modify their basic business model, thus shift to a more resource-efficient, environmentally friendly and green business model.