Current account

Service condition

Mongolian togrog / MNT

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	MNT 20,000
Interest Rate on Daily Balance (Annual)	MNT 10 million – up to MNT 100 million 1.2% MNT 100 million or above 2.0%
Cash Withdrawal Fee	MNT 300
Cash Deposit Fee	Free of charge
	MNT 100 (Tax, Social Security, and Government Institutions)
	MNT 300 (Car Diagnostics and State Stamp Duty Payments)
Bill Payments	MNT 1000 /for each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (monthly) /automatically deducted from account/
Account Closure Fee	MNT 5,000

For customers who have built a financially stable relationship with the bank, the interest rate charged on the current account can be increased up to 3.0% under permission of relevant departments and units.

UNITED STATES DOLLAR / USD

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	USD 20
Interest Rate on Daily Balance (Annual)	1% /account balance 10 thousand USD or over/
Cash Withdrawal Fee	0.5% (min 0.01 USD)
Cash Deposit Fee	Free of charge
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in USD) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in USD)

EUROPIAN / EUR

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	EUR 20
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	0.5% (min 0.01 EUR)
Cash Deposit Fee	Free of charge
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in EUR) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in EUR)

SWISS FRANC/ CHF

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	FREE
Cash Deposit Fee	0.3%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in CHF) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in CHF)

POUND STERLING / GBP

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	GBP 20
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	0.5% (min 0.01 GBP)
Cash Deposit Fee	Free of charge
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in GBP) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in GBP)

SOUTH KOREAN WON / KRW

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	KRW 20,000
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	1.0% (min 0.01 KRW)
Cash Deposit Fee	3.5%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in KRW) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in KRW)

CHINESE YUAN / CNY

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	CNY 100
Interest Rate on Daily Balance (Annual)	No Interest
Cash Withdrawal Fee	0.5% (min 0.01 CNY)
Cash Deposit Fee	Free of charge
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in CNY) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in CNY)
Transfer within TDB account	MNT 200 (equivalent amount in CNY)

JAPANESE YEN / JPY

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	2 000 JPY
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	0.5% (min 0.01 JPY)
Cash Deposit Fee	0.2%
Bill Payments	1,000 MNT /each transaction/
Corporate Expenditure Checkbook	4,000 MNT
Account Maintenance Fee	1,000 MNT (equivalent amount in JPY) /automatically deducted from account/
Account Closure Fee	5,000 MNT (equivalent amount in JPY)

CANADIAN DOLLAR / CAD

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	0.5% (min 0.01 CAD)
Cash Deposit Fee	0.3%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in CAD) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in CAD)

AUSTRALIAN DOLLAR / AUD

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	0.5% (min 0.01 AUD)
Cash Deposit Fee	0.3%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in AUD) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in AUD)

NEW ZEALAND DOLLAR / NZD

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	0.5% (min 0.01 NZD)
Cash Deposit Fee	0.3%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in NZD) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in NZD)

HONGKONG DOLLAR / HKD

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	0.5% (min 0.01 HKD)
Cash Deposit Fee	0.3%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in HKD) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in HKD)

SINGAPORE DOLLAR / SGD

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	0.5% (min 0.01 SGD)
Cash Deposit Fee	0.4%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in SGD) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in SGD)

SWEDISH KRONA / SEK

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	FREE
Cash Deposit Fee	3.0%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in SEK) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in SEK)

TURKISH LIRA / TRY

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	4.0% (min 0.01 TRY)
Cash Deposit Fee	1.0%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in TRY) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in TRY)

THAILAND BAT / THB

Terms and Conditions
Opening Fee	Free of charge
Minimum Balance Requirement	Not available
Interest Rate on Daily Balance (Annual)	No interest
Cash Withdrawal Fee	1.0% (min 0.01 THB)
Cash Deposit Fee	2.0%
Bill Payments	MNT 1,000 /each transaction/
Corporate Expenditure Checkbook	MNT 4,000
Account Maintenance Fee	MNT 1,000 (equivalent amount in THB) /automatically deducted from account/
Account Closure Fee	MNT 5,000 (equivalent amount in THB)

Required document

Application form for opening an account (according to the form approved by TDB)
State registration certificate. If a company is foreign funded, please submit the state registration certificate marked as “...LLC or JSC with Foreign Investment”
The company charter
Order of the company on granting the right to an official to manage funds in the account and the right to conclude a service contract with a client, Identification documents of the official who will manage the funds in the account, foreign passport and residence card in Mongolia if a citizen of a foreign country, signature confirmation form certified by a notary (guarantor's letter, stamp, seal)
Customer registration request
Form for registration of the Ultimate Beneficial Owner (UBO) of a legal entity and a politically influential person (please download the form);ID cards of Ultimate Beneficial Owner (UBO) and shareholders
Valid documents for each ultimate owner and shareholder

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