Terms and conditions |
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| Account currency | XAU – Gold |
| Annual interest rate | 0.0% |
| Minimum balance requirement | – |
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Categories
Other fees
| Service | MNT | USD | EUR | CNY | JPY | RUB | KRW | GBP | |
| Cash deposit | 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
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200 MNT | 200 MNT + additional fee for cash currency (see 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 to other bank | |||||||||
| Up to 5,000,000₮ | 200 MNT | 1,500 MNT | |||||||
| Over 5,000,001₮ | 500 MNT | ||||||||
| Cash Deposit for Interbank Transfer | 1,000 MNT | ||||||||
| Opening an Account | Free | ||||||||
| Account Service Fee | Active account (Monthly) | Free | |||||||
| Inactive Account (Monthly) | 2,000 MNT | Currency equivalent to 2,000 MNT | |||||||
| Demand Deposit /At Year-End/ | 1,000 MNT | Currency equivalent to 1,000 MNT | |||||||
| Close account | 1,000 MNT | Currency equivalent to 1,000 MNT | |||||||
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Notes
*For USD small denominations include bills of 1, 2, 5, and 10, for EUR bills of 5 and 10, for CNY bills of 1, 5, 10, and 20, for RUB bills of 10, 50, and 100.
Interbank transfers can be made in the following currencies: MNT, USD, EUR, CNY, JPY, RUB, and GBP.
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A fee will be charged if small denominations are included when making cash transactions or deposits into a foreign currency account.
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A fee will be charged if small denominations are included when paying loan interest or principal in cash.
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A fee will be charged when making cash disbursements from a loan granted to a foreign currency account in non-cash form.
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A fee will be charged if foreign currency cash is deposited into a current account and then transferred non-cash to another customer, and that customer withdraws the funds in cash.
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A fee will be charged if non-cash transactions or deals are conducted in a foreign currency account and funds are withdrawn in cash.
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If the amount of cash withdrawals exceeds the amount of cash deposits, a fee will be charged on the difference.
- Customer application form; /download here/
- Official letter /Request to open an account/
- A copy of the registration certificate issued by the State Registration authorities;
- Company charter;
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Authorized signature, stamp /must be authorized by notary/ /download here/
- Authorized person’s documents such as identification card;
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Алтны харилцах данс
Алт олборлогч, уул уурхайн чиглэлээр бизнес эрхэлж буй хуулийн этгээд, байгууллагууд биет алтаа банканд эрсдэлгүй, найдвартайгаар байршуулах үйлчилгээ.
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Benefits
- High interest return in a shorter period of time;
- Currency exchange rate risk can be hedged as the deposit is converted;
- Take low-interest deposit collateralized loan;
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Terms and conditions
Hedged |
Conditions |
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Account currency |
MNT |
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Term of deposit |
6 months |
12 months |
Annual Interest |
6.0% |
7.0% |
Early termination interest rate |
2.0% /annual interest/ |
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Minimum balance |
1,000,000,000 MNT |
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Interest payment conditions |
At the end of the period |
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