Categories
Regular term deposit

Terms and condition

Terms MNT USD EUR CNY JPY
Duration Annual interest rate
1 month up to 10.50% 2.20% 1.20% 1.20% 1.20%
2 months up to 10.50% 2.50% 1.20% 1.20% 1.20%
3 – 6 months 11.00% 4.00% 3.60% 4.00% 3.30%
7 – 9 months 11.50% 4.00% 3.60% 4.00% 3.30%
10 – 11 months 12.00% 4.00% 3.60% 4.00% 3.30%
12 months 14.00% 4.00% 3.60% 4.00% 3.30%
13 – 18 months 14.00% 5.00% 3.60% 4.00% 3.30%
19 – 24 months 14.00% 5.50% – – –
Upon early termination 2.4%-4.8% 1.2% 0.6% 0.6% 0.6%
Minimum balance requirement 10,000 MNT 10 USD 10 EUR 100 CNY 1,000 JPY
Interest payment conditions
  • Savings with a maturity of 1 to 11 months;
  • 12-24 month deposits will be given quarterly interest;
Withdrawal conditions
  • At the end of every 3 months for 12-month deposits;
  • For savings with a maturity of 13 to 24 months, you will be entitled to spend 1 time in a 7-day calendar period at the end of every 6 months.
Categories
Regular term deposit

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter; /Request to open an account/
  • A copy the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/; /download here/
  • Authorized person’s documents such as identification card;
Categories
Current account for Gold

Benefits

  • Placing your physical gold termless;
  • Secure and safe custodian service;
  • No charge fees for withdrawal and transaction;
Categories
Current account for Gold

Terms and conditions

Terms and conditions
Account currency XAU – Gold
Annual interest rate 0.0%
Minimum balance requirement –
Categories
Other current account fees

Other fees

 

Service  MNT USD EUR CNY JPY RUB KRW GBP

Cash debit

 Minor Bills*

–

 2.0% 2.0% 2.0% 0.3% 8.0% 1.5%

–
Other bills

–

 – – – 0.3% 5.0%

–
 

Cash withdrawal
Current and savings accounts

200 MNT
200 coins + cash exchange rates listed below

0.5%

 0.5% 0.5% 0.5% 3.0% 1.5%

0.5%
 

Transfer
Transfer within the bank

100 MNT
Currency equivalent to 200 MNT
Transfer between banks:
Up to 5,000,000₮

200 MNT

1,500 MNT
Over 5,000,001₮

500 MNT
Transfer between banks by ordering cash

1,000 MNT
 
Opening an Account

Free
 
Accounts Payable Fees
Active account /monthly/

Free
Temporarily inactive and suspended accounts /monthly/

2,000 MNT
Currency equivalent to 2,000 MNT
Demand account /at the end of the year/

1,000 MNT

Currency equivalent to 1,000 MNT
Non-active account /monthly/

2,000 MNT

Currency equivalent to 2,000 MNT
 
Close the account

1,000 MNT

Currency equivalent to 1,000 MNT
Categories
Other current account fees

Notes

*- Small bills include 1, 2, 5, and 10 bills for USD, 5, 10 bills for EUR, 1, 5, 10, and 20 bills for CNY, and for RUB 10, 50, and 100 bills apply respectively.
Categories
Other current account fees

Other bank transfer

Other bank transfers are made in the following currencies: MNT, USD, EUR, CNY, JPY, RUB, GBP.
Categories
Other current account fees

Currencies fee

  • A fee will be charged in case of small bills and income in the foreign currency account through cash trades and deals;
  • A fee will be charged in the case of a small bill for making loan interest and loan principal payments in cash;
  • Fees will be charged for spending non-cash loans on foreign currency accounts;
  • In the case of earning money in the current account and transferring the money to another customer without cash, the customer who received the money will receive a fee for withdrawing the refund in cash;
  • Fees will be charged in case of non-cash trades and transactions made in the currency account and cashed out;
  • If the amount of cash expenses exceeds the amount of cash income, commission will be charged on the difference.
Categories
Current account for Gold

Eligibility or required documents

  • Customer application form; /download here/
  • Official letter /Request to open an account/
  • A copy the registration certificate issued by the State Registration authorities;
  • Company charter;
  • Authorized signature, stamp /must be authorized by notary/ /download here/
  • Authorized person’s documents such as identification card;
Categories
Exchange rate risk savings

Eligibility or required documents

  • Customer application form; /download here/
  • For Mongolian citizens: Citizens ID card;
  • For Foreign citizens: Passport and certificate of alien registration