Category: Corporate temporary account

An account designed for organizations to conduct daily cash and non-cash payment transactions.

Categories
Corporate temporary account

Benefits

  • Newly established organizations with incomplete documentation can open a current account;
  • Organizations may still receive incoming payments even if required documents are not yet fully submitted;
  • Materials must be submitted within 30 days;
  • After the materials are fully prepared, outgoing transactions will be enabled;
Categories
Corporate temporary account

Terms and condition

Terms MNT USD EUR CNY JPY RUB KRW GBP SGD HKD
Annual interest rate 3.0%* 1.2%* 1.2%* 1.2%* 1.2%* – – – – –
Account opening fee No fee
Monthly service fee No fee
Minimum balance requirement 5,000 MNT 5 USD 5 EUR 35 CNY 500 JPY 100 RUB 5,000 KRW 5 GBP 5 SGD 3 HKD
Account closure fee 5,000 MNT Foreign currency equivalent to 5,000 MNT
Description:

–       An account for the organization’s payments.
–        * is the maximum rate of the interest rate on the product
Categories
Corporate temporary account

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and Certificate of Alien Registration;
  • Confirmation page;
  • If the Shareholder is an organization, then the State Registration Certificate of the organization, if not, a reference to the E-Mongolia system