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INTERNATIONAL TRANSFERS NOW COME WITH CASHBACK!

6 February 2024

Trade and Development Bank (TDB) has become the first in Mongolia to introduce fast, efficient, and affordable international money transfer services from VISA card to VISA card across 28 countries. From January 15, 2024, to March 1, 2024, TDB is offering a CASHBACK promotion on its “VISA DIRECT” international transfer service. Every customer who completes a transaction during this period will be rewarded with $20 cashback.

HOW TO PARTICIPATE IN THE PROMOTION?
Simply make as many direct international transfers as you like from your VISA card to another VISA card in any of the 28 designated countries during the promotion period and earn up to $20 cashback.

Conditions for Making VISA DIRECT International Transfers:

  • The VISA DIRECT transfer service is only available through TDB Online, not in branches, so customers must be registered for TDB Online services.
  • Transfers must be made from a VISA card to a VISA card, meaning both the sender and the recipient must have a VISA card.
  • Transfers are conducted in USD only, with a maximum amount of $2,500 per transaction.

Promotion Period:   From January 25, 2024, to March 1, 2024.

REMINDER:

  • Cashback applies only to transactions made during the promotion period.
  • The maximum cashback amount for one customer during the promotion period is $20. Any fees exceeding this amount must be covered by the customer.
  • The maximum cashback per month for one customer is $20.
  • The cashback amount will be credited to the customer's account used for the transaction on the Monday of the following week after the transaction. (For currency conversions, the cashback will be calculated using the official exchange rate of the Bank of Mongolia on the day of the refund.)
  • Customers making transfers must have detailed information about the recipient, including their card number, name, address, and payment purpose. If a transaction is returned due to incomplete or incorrect information, contact the bank’s customer service at 1800-1977.
  • Customers can visit any TDB branch to open a TDB Online Banking account, a current account, or order a VISA card. Alternatively, they can use TDB Online Banking to open a virtual VISA card and participate in the promotion.

LIST OF COUNTRIES WHERE INTERNATIONAL TRANSFERS CAN BE MADE FROM MONGOLIA VIA VISA SERVICE:

1

 

/United Kingdom/

11

 

/Mexico/

21

 

/Austria/

2

 

/Turkey/

12

 

/Netherlands/

22

 

/Belgium/

3

 

/Germany/

13

 

/New Zealand/

23

 

/Hungary/

4

 

/India/

14

 

/Poland/

24

 

/Vietnam/

5

 

/Indonesia/

15

 

/Singapore/

25

 

/Fiji/

6

 

/Spain/

16

 

/Thailand/

26

 

/Mali/

7

 

/Italy/

17

 

/Uzbekistan/

27

 

/Kenya/

8

 

/Kazakhstan/

18

 

 

/Philippines/

 

28

 

/United Arab Emirates/

9

 

/Kyrgyzstan/

19

 

/Czechia/

 

 

 

10

 

/Malaysia/

20

 

/Sweden/

 

 

 

  • India (Transfers can only be made to VISA cards issued by ICICI Bank, Kotak Mahindra Bank, and Federal Bank in India)

Transfer Amount

Fee

0-500 USD

4 USD

500.01-1000 USD

8 USD

1000.01-2000 USD

14 USD

2000.01-2500 USD

19 USD