Categories
Sweep Account Service

Benefits

  • No fees charged for ‘intra-bank’ (within TransBank account) transactions;
  • Saving your most precious time.
Categories
Sweep Account Service

Fees and charges for the Sweep Account Service

Available service fees

Fees and charges

Admission fee /annually/

50,000 MNT

Intra-bank transactions fee /transactions made between TransBank accounts/

No fee

Categories
Sweep Account Service

Eligibility or required documents

  • A formal request provided by the customer to activate this service.
Categories
Account Statements and Enquiries

Fees and charges

Available service fees

Fees and charges

Account statements /Per 1 sheet/

100 MNT

Reference letters:

Reference letter in Mongolian

4,000 MNT

Reference letter in English

Providing dedicates reference letters at the customer’s request

15,000 MNT

Providing reference letters for accounts are new, opened less than 14 days since opening an account or added new account co-holder

30,000 MNT

Additional copy of the reference letter /per copy/

1,000 MNT

Reference letters regarding loan accounts or loan 

30,000 MNT

Recover income, expenses and non-cash receipts from program, if lost

300 MNT

Making hard copy of documents and inquiries from bank’s archive /per page/

3,000 MNT /within 1 year/

5,000 MNT /within 1-3 years/

10,000 MNT /above 3 years/

Correction transaction from the customer’s fault caused by the customer’s error

500 MNT

Daily statements

No fee

Savings book

No fee

Issue bank cash cheque /Only for corporate and business account customers/

Per cheque

200 MNT

Bank cheque book /with 25 pages/

4,000 MNT

Authorized Signature Form

No fee

Cash withdrawals and income form

Account open request form

Account balance form of payment

 

Categories
Account Statements and Enquiries

Eligibility or required documents

  • Documents required:
      • For Mongolian citizens: Citizen’s ID card;
      • For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
Safe deposit box service

Benefits

  • The most convenient and safe method for keeping your items;
  • Protected from all types of external influences;
  • Only the owner of the box has rights to open and to know what’s inside;
  • Own as many boxes you want;
  • Boxes are also available to be entrusted to one or more other owners at your discretion.
Categories
Safe deposit box service

Fees and charges for the boxes

Notice: Prohibited items for safety deposit boxes include explosives, chemicals harmful for the environment, flammable and volatile items, weapons and firearms.

Varieties of box size selection

/length*width*height/

Period for using ‘Deposit box’

1-15 days

16-30 days 31-90 days

91 or above

Daily fee

1

56*30*52 cm

700 MNT

650 MNT 550 MNT

500 MNT

2

56*30*22 cm

500 MNT

400 MNT 350 MNT

300 MNT

3

56*30*11 cm

450 MNT

350 MNT 300 MNT

250 MNT

Categories
Safe deposit box service

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizen’s ID card;
    • For Foreign citizens: Passport and Certificate of Alien Registration.
Categories
Automatic and periodic payments (for utility payments and bills etc.)

Benefits

  • Perfect for those who do not want to lose time coming physically to the bank;
  • The service is free;
  • Easy for those who are saving;
  • The timing and amount of the transaction can be adjusted as per customer request.

 

Categories
Automatic and periodic payments (for utility payments and bills etc.)

Fees and charges

This service does not charge any admission fee or transaction fee.

Categories
Automatic and periodic payments (for utility payments and bills etc.)

Eligibility or required documents

  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizen ID card;
    • For Foreign citizens: Passport and certificate of alien registration.
Categories
The Board of Directors

Tserendash Sedvanchig

Tserendash S. graduated from Indiana University in the USA with a bachelor’s degree in Finance in 2009. He furthered his education at the University of Luxembourg, where he earned a master’s degree in Asset management in 2017.

With a professional career of serving as a specialist of Finance and Economic Policy Department from 2009 to 2013 and specialist at the Financial Policy Department of the Ministry of Finance from 2015 to 2017, Director of Corporate Banking Department at State Bank from 2013 to 2015, Head of the department that responsible for preparing the establishment of the Investment Management company and Investment fund of the Development Bank in 2017, Executive Director of DBM Asset Management, a subsidiary of the Development Bank, from 2017 to 2019, Head of Securities Department of the Financial Regulatory Commission from 2020 to 2021, Deputy Director of Business Development of the Development Bank from 2021 to 2022. In 2022, he became the Executive Director and Project Consultant of Burenscore CIB LLC, a position he held until 2023, then served as Deputy Head of the Treasury Department of the Ministry of Finance from February to June 2023.

He has been a member of TransBank’s Board of Directors since December 6, 2023, and was appointed Chairman of the Board effective August 26, 2024.

Categories
Shareholders structure

Infrastructure LLC

2.92%

Categories
Shareholders structure

Oyungerel.D

4.84%

Categories
Shareholders structure

Ganbold.U

5.02%