Bank transfer

Recurring payment

Sweep transfer

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Frequently Asked Questions
Required documents

You can promptly transfer your interbank transaction through Trade and Development bank’s any branch and Electronic banking service.

	Amount	Cut-off time
High value transaction	More than 5,000,000 MNT	Business days between 09:00 a.m-16:00 p.m
Low value transaction	Less and equal to 5,000,000 MNT	Real time-24/7

Service fee:

MNT cash transfer to Treasury Fund		1,000 MNT
MNT cash transfer to domestic banks ( max 3,000,000 MNT)		2,000 MNT
MNT non-cash transfer to domestic banks	Less and equal to 5,000,000 MNT	200 MNT
	More than 5,000,000 MNT	400 MNT
Non-cash transfer currency to domestic banks		3,000 MNT and its equal to currency
Retransfer the returned transaction due to incorrect details will be charged again with above fee.

Important:

Low value interbank transaction cannot be transferred to card number.
High value interbank transactions made after 16:00 p.m will be transferred on next business day.
Please make sure that all the payment instruction is correct before transferring interbank transaction.
Please make sure that you select the correct beneficiary bank when using electronic banking service.

Easy way to make savings

Trade and Development Bank started to provide RECURRING PAYMENT service since 2005 to help customer to save money by using simple and fast transaction.

If you registered this service, we will make transaction for your requested date (day, month, quarter) and amount by automatically.

You can choose recurring payment service for your need.

For savings
For loan payment (TDB and other banks loan payment by this automate transfer)
To pay constant payment on time (apartment, electric, phone, Owner’s Association, lending payment)

Requirement:

Government ID

Fee and commission:

Register		No fee
Cancel		No fee
Transaction fee (for each)	to Term deposit	No fee
	Other account	100 MNT or equal with 100 MNT

HOW TO MAKE HAVING A SAVINGS?

If you save 50,000 MNT every month

How to saving for your children’s future

To save-50,000 MNT every month

Savings account annual interest rate -14%

After	Your saving (MNT)	Bank interest (MNT)	Total amount in your account (MNT)
1 year	600,000	38,500	638,500
5 years	3,000,000	1,220,551	4,220,551
10 years	6,000,000	6,346,862	12,346,862

How much will you get after 18 years, if you open a CHILDREN SAVINGS ACCOUNT for your children’s future and take this service?

Annual interest rate - 14.2%
to put every month into the account – 20,000 MNT
4,320,000 MNT (your deposit) + 13,526,864 MNT (bank interest) = 17,846,864 MNT (total amount after 18 years)

Sweep transfer service is one account to another account sweep the balance every day or every week (every half month and every month) as customer request.You can use this service, if you have own business and having an account for centralize your revenue and want to save the revenue to savings account.

Advantage:

Save the cost
Save the time
Fast and prompt
Automate transfer (including weekend)

You need to come and give a request to the bank one time for taking this sweep service. Once it is registered and it will automatically transferred every day or every week (every month) as your request.

Fees and commission:

Service	Fee (MNT)
Registration	No
Cancelation	No
Amendment	No
Transaction fee
From individual account	100 tugrug, or the equivalent in foreign currency
From corporate account	200 tugrug, or the equivalent in foreign currency

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