- Deposit physical Gold permanently (termless);
- Safe and risk-free;
- Does not charge any withdrawal or transaction fees.
Categories
Category: Account service in ‘Gold’ denomination
An account service for companies whose main business activities are engaged in gold production or gold mining and have acquired the license from the Financial Regulatory Commission of Mongolia (FRC). Choosing our current account service for precious metals such as Gold (XAU) will help our customers deposit their physical gold safely in a bank preventing them from potential exchange rate risk and to address the security risk of physical gold. Customer can make transactions and enjoy higher returns at any time.
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Terms for gold current account (XAU) |
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Account currency |
XAU- Gold /Oz/ |
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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”. |
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Minimum balance requirement |
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- 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/.