- It is a special account based on an agreement between the buyer, seller and the bank;
- It will be secured from all risks related to purchasing real estate or valuable assets;
- This service provides an opportunity to implement the contract terms as stated in contract without any risks for both parties;
- Cash withdrawal will be in accordance with agreement by the parties;
- Openan escrow account MNT or other 15 foreign currencies.
Documents required:
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Mongolian citizen |
Foreign citizen |
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Minimum balance
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Contract fee for the each party
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Up to 500 million MNT or equivalent amount in other currencies
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0.1%
minimum 10,000 MNT maximum 100,000 MNT |
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More than 500 million MNT or equivalent amount in other currencies
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Will be subject to an agreement
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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.
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