Categories
TransBank application

Registration documents

  • Please visit the nearest branch of TransBank to enroll.

    Corporate:

    • Offical request
    • ID card or foreign passport of authorized officer
Categories
TransBank application

Гарын авлага

Онлайн банкны гарын авлага

Categories
Internet Bank

Benefits

  • Save time and money
  • Secure, safe
  • Easy to use
Categories
Internet Bank

Conditions

No enrollment/annual fee.

Service type Corporate
MNT Other currency
Transaction Within TransBank 100 mnt Equivalent to 200 mnt
Interbank /up to 5,000,000/ 200 mnt Equivalent to 1500 mnt
Interbank /above 5,000,000/ 500 mnt

 

Categories
Internet Bank

Registration documents

Please visit the nearest branch of TransBank to enroll.

Corporate:

    • Offical request
    • ID card or foreign passport of authorized officer
Categories
Internet Bank

Гарын авлага

Онлайн банкны гарын авлага

Categories
Moneygram

Advantages

  1. Transfer and receive money through more than 350,000 service points in more than 200 countries around the world;
  2. Lowest fees compare to similar services;
  3. Transactions sent from Mongolia to other countries and from other countries to Mongolia are processed very quickly, in just 10 minutes;
  4. You do not need to have a bank account to use MoneyGram.
Categories
Moneygram

Terms and conditions of MoneyGram international money transfer service

Amount Fee
0-100 USD 8 USD
100.01-250.00 USD 12 USD
250.01-500.00 USD 20 USD
500.01-750.00 USD 30 USD
750.01-1,000.00 USD 40 USD
1,000.01-1,250.00 USD 55 USD
1,250.01-1,500.00 USD 70 USD
1,500.01-2,000.00 USD 90 USD
2,000.01-2,500.00 USD 100 USD
2,500.01-3,000.00 USD 110 USD
3,000.01-3,500.00 USD 120 USD
3,500.01-4,000.00 USD 130 USD
4,000.01-5,000.00 USD 150 USD
5,000.01-5,500.00 USD 180 USD
5,500.01-6,000.00 USD 200 USD
6,000.01-6,500.00 USD 220 USD
6,500.01-7,000.00 USD 240 USD
7,000.01-7,500.00 USD 250 USD
7,500.01-10,000.00 USD 300 USD
Categories
Moneygram

Required information when coming in to the branch to make a transaction

  1. ID card
  2. Recipients name
  3. Money to transfer and service fee
Categories
Outgoing international wire transfer

Benefits

  1. You can make payments in the 13 most common currencies;
  2. The most favorable interest rate conditions;
  3. Additional services for international wire transfer (MT101, MT940)
  4. You can make international wire transfer from anywhere using our Internet banking services;
  5. Using SWIFT GPI, we can provide our customers with detailed information on the entire transaction process
Categories
Outgoing international wire transfer

Terms and conditions

CURRENCY AMOUNT OUR BANK FEE CORRESPONDENT BANK FEE
US Dollar

 

 

<5,000 15,000 MNT 20 USD
5,000.01-100,000 25,000 MNT  
>100,000.01 35,000 MNT  
Guaranteed remit in full service (G-OUR)   35-60USD
US Dollar (to Korea)

 

<5,000 15,000 MNT 25 USD
5,000.01-100,000 25,000 MNT
>100,000.01 35,000 MNT
Euro (to Germany)

 

<2,500 15,000 MNT 5 EUR
2,500.01-12,500 25,000 MNT 10 EUR
>12,500 35,000 MNT 20 EUR
Euro (to other countries)   30,000 MNT 20 EUR
Chinese Yuan <100,000 10,000 MNT 50 CNY
>100,000 20,000 MNT  
Japanese Yen   12,000MNT+(0.3% when paying in cash) 0.05% (minimum 2500 JPY)
Korean Won   15,000MNT+(1.5%when paying in cash) 20,000 KRW
Russian Ruble   15,000MNT+(1.5%when paying in cash) No fee
British Pound   15,000MNT+(0.3%when paying in cash) 15 GBP
Hong Kong Dollar   25,000MNT+(0.3%when paying in cash) 200 HKD
Swiss Franc <5,000 15,000 MNT 20 EUR (0.30% for cash transfers)
5,000.01-100,000 25,000 MNT
>100,000.1 35,000 MNT
Singapore Dollar   20,000MNT+(0.3%when paying in cash) 25 USD
Turkish Lira   15,000MNT 100 TRY
Other   32,000MNT 35 EUR

*Other currencies are CZK, HUF, RON, RSD and HRK.

 

Categories
Outgoing international wire transfer

Fees and charges for recalling and amending international wire transfers at the customer’s request

Fees and charges for recalling and amending international transfers at the customer’s request:

Amendment, Recall and Return USD 30 USD
EUR 50 EUR
CNY 50 CNY
JPY 7,500 JPY
RUB 300 RUB
GBP 50 USD
HKD 20 USD
SGD 20 USD
TRY 250 TRY
Other 40 EUR
Inquiry USD  30 USD
EUR
CNY
JPY
RUB
GBP
HKD
SGD
TRY
Other

 

Categories
Outgoing international wire transfer

Things to keep in mind when sending international wire transfers

Please kindly note that the following information must be obtained from the payee in advance when sending a payment to a foreign country. These include:

  1. Recipient’s full name, address and document number
  2. Recipient’s bank name and swift code
  3. Name of the correspond bank of the payee bank, swift code (if any)
  4. On the remittance information field, specify the purpose of the payment (for example, tuition, gifts, donation, etc.)
Categories
Outgoing international wire transfer

Terms of the intermediary bank fee

Which party is responsible for the correspondent bank’s fee:

  1. SHA – Remitter is not responsible for the intermediary bank fees and the fees will be deducted from the total amount by the correspondent banks
  2. OUR – Remitter is responsible for the first intermediary bank fees. Additionalintermediary bank fees will be deducted from the total amount transferred.
  3. Fullpay /G-OUR/ – This option is only available for USD transfers. Remitter is responsible for all banking charges and the beneficiary will receive the payments in full amount.
Categories
Outgoing international wire transfer

Mandatory reminders when sending international wire transfer

Dear customers, if you are planning to send international wire transfer to foreign countries, please pay attention to the below information:

  1. If you are a foreign trader and you have received an e-mail asking you to transfer the payment to another account, therefore informing you that the beneficiary information has changed, you should contact the customer via phone call to confirm the changed information. 
  2. If you have lost your personal photo or video to a stranger online and pressured to make payments to them, we advise you to notify the police immediately.
  3. Please note that, if you receive a notification about a random lottery win or a large amount of cash on your computer or mobile phone and it asks you to transfer a payment in an advance, this is a common case of cybercrime.
  4. If you suspect that any of the above incidents have occurred or may occur to you, please contact the Police at 11-311606 or 102 for more information and advice. You may also send an electronic complaint to the Police at www.service.police.gov.mn, where you can submit your application.