Categories
Gold deposit (XAU)

Benefits

  • Covering from all types of theft, fraud and gold price change risks;
  • Interest rate will be based on international gold prices and expressed in Troy ounces (OZ);
  • Receive interest payments every quarter;
Categories
Gold deposit (XAU)

Terms and conditions

Gold deposit terms

Account currency

XAU- GOLD /OZ/

Tenor

1 – 3 months

6 months

9 months

12 months

Annual Interest rate

2.25%

2.5%

2.75%

3.0%

Interest rate upon early termination of contract /annual/

1.0%

Fees for withdrawing cash from savings

1.5%

Minimum deposit

Interest payments

Quarterly

Savings book

Free

Categories
Gold deposit (XAU)

Fees and charges

Other fees and charges

Categories
Gold deposit (XAU)

Eligibility or required documents

  • Application form for legal entities /download here/;
  • An official letter for opening a new bank account on company headed notepaper;
  • An original copy and a copy of license from the Mongolian Financial Regulatory Commission;
  • Notarized copy of the ‘State Registration Certificate’;
  • Notarized copy of the Company’s ‘Charter or Memorandum of Association (MOA);
  • Notarized signature of the applicant /download here/;
  • Declaration of Beneficial Ownership /download here/;
  • Copy of the ID card of the authorized personnel to operate the account;
  • Additional documents /if necessary/.