Documents required:
Mongolian citizen |
Foreign citizen |
|
|
Minimum balance
|
Contract fee for the each party
|
Up to 500 million MNT or equivalent amount in other currencies
|
0.1%
minimum 10,000 MNT maximum 100,000 MNT |
More than 500 million MNT or equivalent amount in other currencies
|
Will be subject to an agreement
|
In case of using escrow account for transferring payment for loan and prepayment of loan, each party shall bear 20,000 MNT for the fee.
|
Documents required:
Mongolian citizen |
Foreign citizen |
|
|
Minimum balance
|
Contract fee for the each party
|
Up to 500 million MNT or equivalent amount in other currencies
|
0.1%
minimum 10,000 MNT maximum 100,000 MNT |
More than 500 million MNT or equivalent amount in other currencies
|
Will be subject to an agreement
|
In case of using escrow account for transferring payment for loan and prepayment of loan, each party shall bear 20,000 MNT for the fee.
|
MONGOLIAN TUGRIK/ MNT
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from current account |
Free of charge |
Cash deposit into current account |
Free of charge |
Maintenance fee for current account |
Free of charge |
Close a current account |
Free of charge |
UNITED STATES DOLLAR / USD
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.2% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
EURO / EUR
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.25% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
SWISS FRANC / CHF
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.3% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
POUND STERLING / GBP
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.6% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charges |
|
Maintenance fee for current account |
Free of charges |
|
Close a current account |
Free of charges |
|
RUSSIAN RUBLE - RUB
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
1.5% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
1.5% |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
KOREAN WON / KRW
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.1% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
1.5% |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
CHINESE YUAN / CNY
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.1% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
JAPANESE YEN / JPY
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.3% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
CANADIAN DOLLAR / CAD
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.3% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
AUSTRALIAN DOLLAR / AUD
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.3% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
NEW ZEALAND DOLLAR / NZD
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.3% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
HONGKONG DOLLAR / HKD
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.3% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
SINGAPORE DOLLAR / SGD
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.3% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
SWEDISH KRONA / SEK
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
0.3% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|
TURKISH LIRA / TRY
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from current account |
3.0% |
Only by non-cash transfer into the escrow account |
Cash deposit into current account |
Free of charge |
|
Maintenance fee for current account |
Free of charge |
|
Close a current account |
Free of charge |
|