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 the face of a global pandemic Covid-19, no interest will be earned during 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 |
10 USD |
|
|
Interest on daily balance of current account (annual) |
In the face of a global pandemic Covid-19, no interest will be earned during 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 |
0.5% (min 0.01 USD) |
|
|
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 |
10 EUR |
|
|
Interest on daily balance of current account (annual) |
In the face of a global pandemic Covid-19, no interest will be earned during 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 |
10 GBP |
|
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 |
500 RUB |
|
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from account |
1.25% |
|
Cash deposit into account |
5.0% |
|
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 |
10 000 KRW |
|
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from account |
1.5% |
|
Cash deposit into account |
3.5% |
|
Maintenance fee for current account |
Free |
|
Close a current account |
Free |
CHINESE YUAN/ CNY
|
Open a current account |
Free of charge |
|
Minimum balance requirement |
50 CNY |
|
Interest on daily balance of current account (annual) |
No interest |
|
Cash withdrawal from account |
0.4% (min 0.01 CNY) |
|
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 |
1 000 JPY |
|
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 |
0.3% (min 0.01 EUR) |
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 |
Free of charge |
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 |
0.3% (min 0.01 GBP) |
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 |
1.25% (min 0.01 RUB) |
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 |
0.3% (min 0.01 KRW) |
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 |
0.4% (min 0.01 CNY) |
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% (min 0.01 JPY) |
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% (min 0.01 CAD) |
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% (min 0.01 AUD) |
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% (min 0.01 NZD) |
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% (min 0.01 HKD) |
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% (min 0.01 SGD) |
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 |
Free of charge |
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 |
4.0% (min 0.01 TRY) |
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 |
