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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A fee will be charged if non-cash transactions or deals are conducted in a foreign currency account and funds are withdrawn in cash.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 |
|
Term of deposit |
6 months |
12 months |
Annual Interest |
6.0% |
7.0% |
Early termination interest rate |
2.0% /annual interest/ |
|
Minimum balance |
1,000,000,000 MNT |
|
Interest payment conditions |
At the end of the period |
|
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Other fees
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Customer application form; /download here/
- For Mongolian citizens: Citizen’s ID card;
- For Foreign citizens: Passport and Residence permit in Mongolia;
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Benefits
- Benefit from a higher than market average interest rate;
- Use your Certificate of Deposit as securities product in the capital market;
- Certificate of Deposit can be transferred, gifted or inherited;
- Take low-interest Certificate of Deposit collateralized loan;
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Terms and conditions
Type of service |
Conditions |
|
|
Account currency
|
MNT | USD |
|
Term of deposit |
Annual Interest
|
|
| 1 month | 10.5% |
2.2% |
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3, 6 and 9 months
|
12.5% | 4.0% |
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12 months
|
13.2% |
4.0% |
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Deposit amount
|
100,000,000 MNT
500,000,000 MNT
|
100,000 USD
500,000 USD
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|
Interest payment on early termination |
2.4% |
0.6% |
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Interest payment conditions |
At the end of the period |
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Repo Financing Rate
|
Savings Certificate Interest + 4.00%
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Repo financing will not be provided
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| Other |
Additional deposits not allowed
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Open an account
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No fee
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