At the Trade and Development Bank (TDB), 85% of international USD transfers are completed within just 1-2 hours, while transactions to countries with significant time differences are deposited into the recipient's account within 24 hours—almost as fast as making a domestic transfer in Mongolia.
This SPEED and LOWER FEES are possible thanks to TDB's partnership with Bank of New York Mellon, a top commercial bank in the United States, through which it became the first Mongolian bank to open a nostro account. When Mongolia faced challenges in conducting international transactions after being placed on the "grey list" in 2019, TDB took the lead in normalizing operations, further solidifying its position as Mongolia’s representative commercial bank on the international stage.
Following the spring promotional campaign celebrating the restoration of international transactions, TDB has now launched an autumn promotion. This campaign is exclusively available to individual customers.
IF YOU ARE TRANSFERRING IN USD ($):
You can transfer USD to over 100 countries worldwide for various purposes such as tuition fees, product payments, or personal expenses and receive a refund of up to $40 on your transaction fees. The refund will be credited to your account on the 15th and 30th of the month in which the transfer is made.
IF YOU ARE TRANSFERRING IN JPY (¥):
For every Japanese yen transfer, you will receive one lottery entry. Each month, 35 lucky customers will win:
- 30 customers: A transfer fee waiver of 150,000 JPY
- 5 customers: A transfer fee waiver of 500,000 JPY
The lottery winners will be announced live on the Happy Pay Facebook page on the 17th of each month.
For more information, call 1800–1977, or visit TDB’s social media pages and website.
How to Participate in the Promotion?
- Use the TDB Online App: Go to Transactions → International Transfer.
- Visit any TDB branch near you to make your international transfer and join the promotion.
Once the transfer is completed, you can track its progress using the SWIFT Inquiry menu on the TDB Online App. You will also receive an SMS notification once the transfer is successfully processed and credited to the recipient's account.
The Autumn Promotion will run from August 15, 2024, to December 15, 2024.
TRADE AND DEVELOPMENT BANK