There are 16 different currencies that we open accounts for free in our bank
Document required
Mongolian citizen | Foreign citizen |
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MONGOLIAN TUGRIK/ MNT
Open a current account |
Free of charge |
|
Minimum balance requirement |
No minimum balance requirement |
*If the account is linked to international debit card, the minimum balance is 10.000 MNT |
Interest on daily balance of current account (annual) |
In face of the global pandemic COVID-19, no interest will be charged until December 31, 2020 during the implementation of the Law on Prevention, Control and Reduction of Social and Economic Impact of Coronavirus Plague. |
*There is no interest on prepaid card account |
Cash withdrawal from account |
200 MNT |
|
Cash deposit into account |
Free of charge |
|
Maintenance fee for current account |
Free |
|
Close a current account |
Free |
|
UNITED STATES DOLLAR/ USD
Open a current account |
Free of charge |
|
Minimum balance requirement |
No minimum balance requirement |
*If the account is linked to international debit card, the minimum balance is 5 USD |
Interest on daily balance of current account (annual) |
In face of the global pandemic COVID-19, no interest will be charged until December 31, 2020 during the implementation of the Law on Prevention, Control and Reduction of Social and Economic Impact of Coronavirus Plague. |
*There is no interest on prepaid card account |
Cash withdrawal from account |
0.2 % |
|
Cash deposit into account |
Free of charge |
|
Maintenance fee for current account |
Free |
|
Close a current account |
Free |
|
EUROPIAN / EUR
Open a current account |
Free of charge |
|
Minimum balance requirement |
No minimum balance requirement |
*If the account is linked to international debit card, the minimum balance is 5 EUR |
Interest on daily balance of current account (annual) |
In face of the global pandemic COVID-19, no interest will be charged until December 31, 2020 during the implementation of the Law on Prevention, Control and Reduction of Social and Economic Impact of Coronavirus Plague. |
*There is no interest on prepaid card account |
Cash withdrawal from account |
0.3% |
|
Cash deposit into account |
Free of charge |
|
Maintenance fee for current account |
Free |
|
Close a current account |
Free |
|
SWISS FRANC/ CHF
Open a current account |
Free of charge |
Minimum balancerequirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
Free |
Cash deposit into account |
0.3% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
POUND STERLING / GBP
Open a current account |
Free of charge |
Minimum balance requirement |
No minimum balance requirement |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
0.3% |
Cash deposit into account |
Free of charge |
Maintenance fee for current account |
Free |
Close a current account |
Free |
RUSSIAN RUBLE-RUB
Open a current account |
Free of charge |
Minimum balance requirement |
No minimum balance requirement |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
1.25% |
Cash deposit into account |
1.25% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
SOUTH KOREAN WON / KRW
Open a current account |
Free of charge |
Minimum balance requirement |
No minimum balance requirement |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
1.5% |
Cash deposit into account |
1.5% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
CHINESE YUAN/ CNY
Open a current account |
Free of charge |
Minimum balance requirement |
No minimum balance requirement |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
0.1% |
Cash deposit into account |
Free of charge |
Maintenance fee for current account |
Free |
Close a current account |
Free |
Transfer within TDB account |
0.1% |
JAPANESE YEN/ JPY
Open a current account |
Free of charge |
Minimum balancerequirement |
No minimum balance requirement |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
0.2% |
Cash deposit into account |
0.3% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
CANADIAN DOLLAR / CAD
Open a current account |
Free of charge |
Minimum balance requirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
0.3% |
Cash deposit into account |
0.3% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
AUSTRALIAN DOLLAR/ AUD
Open a current account |
Free of charge |
Minimum balance requirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
0.3% |
Cash deposit into account |
0.3% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
NEW ZEALAND DOLLAR/ NZD
Open a current account |
Free of charge |
Minimum balance requirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
0.3% |
Cash deposit into account |
0.3% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
HONGKONG DOLLAR/ HKD
Open a current account |
Free of charge |
Minimum balance requirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
0.3% |
Cash deposit into account |
0.3% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
SINGAPORE DOLLAR/ SGD
Open a current account |
Free of charge |
Minimum balance requirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
0.4% |
Cash deposit into account |
0.4% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
SWEDISH KRONA/ SEK
Open a current account |
Free of charge |
Minimum balance requirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
Free |
Cash deposit into account |
0.6% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
TURKISH LIRA / TRY
Open a current account |
Free of charge |
Minimum balance requirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
4.0% |
Cash deposit into account |
1.0% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
THAILAND BAT / THB
Open a current account |
Free of charge |
Minimum balance requirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
1.0% |
Cash deposit into account |
2.0% |
Maintenance fee for current account |
Free |
Close a current account |
Free |
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.
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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 |
Free of charge |
|
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 |
1.0% |
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 |
|
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 |
|
Open a current account |
Free of charge |
Minimum balancerequirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
Free of charge |
Cash deposit into account |
Free of charge |
Maintenance fee for current account |
Free of charge |
Close a current account |
Free of charge |
Take the bonus of herder's encouragement which will be distributed from Mongolian government to domestic producers of sheep's wool households
Open a current account |
Free of charge |
Minimum balancerequirement |
Not available |
Interest on daily balance of current account (annual) |
No interest |
Cash withdrawal from account |
Free of charge |
Cash deposit into account |
Free of charge |
Maintenance fee for current account |
Free of charge |
Close a current account |
1,000 MNT |