You can promptly transfer your interbank transaction through Trade and Development bank’s any branch and Electronic banking service.
Amount | Cut-off time | |
|---|---|---|
High value transaction | More than 5,000,000.01 MNT | Business days between 09:00 a.m-16:00 p.m |
Low value transaction | Less and equal to 5,000,000.00 MNT | Real time-24/7 |
Service fee:
MNT cash transfer to Treasury Fund | 1,000 MNT | |
MNT cash transfer to domestic banks ( max 3,000,000.00 MNT) | 2,000 MNT | |
MNT non-cash transfer to domestic banks | Less and equal to 5,000,000.00 MNT | 200 MNT |
More than 5,000,000.01 MNT | 400 MNT | |
Non-cash transfer currency to domestic banks | 3,000 MNT and its equal to currency | |
Retransfer the returned transaction due to incorrect details will be charged again with above fee. | ||
Important:
Low value interbank transaction cannot be transferred to card number.
High value interbank transactions made after 16:00 p.m will be transferred on next business day.
Please make sure that all the payment instruction is correct before transferring interbank transaction.
Please make sure that you select the correct beneficiary bank when using electronic banking service.
As payments for goods, works and services are being conducted in only the national currency /tugrik/, in accordance with the law on “Conducting Settlements in National Currency”, we would like to kindly advise our customers to visit branches of the Bank for conducting interbank foreign currency settlements that are not restricted by the law.
Please note if transactions that used currency conversion is returned by the receiving bank due to discrepancies in beneficiary account information or for any other reason, the funds will be converted back using the exchange rate announed by the Bank on the day of return and credited into the sender’s account.
Any additional costs incurred because of misinformation will be borne by the sender.