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Switched to the IBAN standard.

3 April 2025
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Image removed.Switched to the IBAN Standard

 

Starting April 1, 2025, all commercial bank, government and private financial institutions operating in Mongolia have successfully switched to the International Bank Account Number (IBAN) standard by international standards. Please note that all customers must use only the IBAN account number for interbank transactions.

However, for transactions between TDB accounts, it is not necessary to use an IBAN account number.

IBAN (International Bank Account Number) is a 20-digit customer account number generated according to the ISO13616-1,2 standard that can be used for interbank and international transactions. 

Advantages of using IBAN account numbers:

  • Easy to check whether the account number is correct.

  • Immediately identify which bank account it is.

  • Transaction returns due to incorrect accounts will be reduced.

Therefore, we recommend that customers make interbank transactions using only the IBAN account number in under international standards set by regulatory organizations.

Please check your IBAN account at TDB through the following channels:

  1. TDB Online Internet Banking: You can check your IBAN account number at TDB from the homepage and the account menu.

 

  1. Bank website: You can check your TDB and other commercial banks’ IBAN account numbers via the link https://www.tdbm.mn/mn/iban-lavlagaa.

Represented number of IBAN account: You can choose unique information such as your phone number or email address to replace your IBAN account number and register it in the Central Addressing Module, which allows you to easily send and receive interbank transactions.

Please register your represented number of IBAN account at TDB as follows:

  1. TDB Online Internet Banking (App Version): Click the arrow at the top right corner of the homepage and account menu, select your account in the Central Addressing Module (CAM), and save your phone number or email.

  2. TDB Online Internet Banking (Web Version): Navigate to the Central Addressing Module section in the account menu, select your account, and save your phone number or email.

Please check your registered represented number at TDB, please follow these steps:

  1. TDB Online Internet Banking (App Version): Select your account from the homepage and account menu and view the represented number in the detailed account information section.

  2. TDB Online Internet Banking (Web Version): Navigate to the Central Addressing Module section in the account menu and view the represented number account/registration.

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