There are 16 different currencies that we open accounts for free in our bank
Document required
| Mongolian citizen | Foreign citizen |
|
|
MNT
USD
EUR
CHF
GBP
RUB
KRW
CNY
JPY
CAD
AUD
NZD
HKD
SGD
SEK
TRY
THBMONGOLIAN 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 July 1, 2021 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 July 1, 2021 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 July 1, 2021 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.
|
|
MNT USD EUR CHF GBP RUB KRW CNY JPY CAD AUD NZD HKD SGD SEK TRYMONGOLIAN 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 |
