Pay Easy

To get this service, you need to have an account with KEB HANA Bank of Korea and TDB.

Considerations for Transfers:

1. Low-amount Interbank Transfers:
   It is not possible to process low-amount interbank transactions using a card number.
2. Transfer Timing:
   Transactions made after 4:00 p.m. will be completed by the following workday morning.
3. Recipient Details for Domestic Bank Transfers:
   When making domestic transfers, ensure you specify the recipient's name, account number, and account currency accurately.
4. Interbank Transfer Selection:
   Be sure to choose the correct recipient bank when making interbank transfers through Internet banking services.
5. Payment Currency Restrictions:
   Payments for products, works, or services must be made in national currencies or currencies as specified under the "Law on the Execution of Payments in National Currency."
6. Currency Conversion:
   The transfer amount will be converted according to the bank’s publicly disclosed exchange rate on the day of conversion, especially in cases of currency conversion flows, discrepancies in the recipient’s account currency, or other factors.

Advantages:

• Lowest Fee:
  A flat fee of KRW 4,500, regardless of the transfer amount.
• Currency Discount:
  Enjoy a KRW 3-5 discount on the exchange rate when converting from KRW to USD for Pay Easy service transfers.
• Quick Transactions:
  Transactions will be completed within 1-2 working hours.
• Ease of Use:
  Transferring money is made easy and convenient.

Transfer

Ways to transfer money

With the Pay Easy service, you can make remittance in your native language without having to go to a bank to transfer money to Mongolia.

• ATM (KEB Hana bank)

• From landlines and all types of mobile phones 

• Mobile app – From smartphones

• From your own computer

Ways to Transfer Money with Pay Easy Service

You can transfer money to Mongolia in your native language with Pay Easy service, without needing to visit a bank. The following options are available:

• ATM (KEB Hana Bank):
  Make remittances easily via ATMs at KEB Hana Bank.
• Landlines and Mobile Phones:
  You can transfer money through landline phones or any type of mobile phone.
• Mobile App (Smartphones):
  Use the Pay Easy app on your smartphone for easy money transfers.
• Computer:
  Transfer money directly from your own computer.

Steps for Using Pay Easy Service in Mongolia

• If you are in Mongolia:
  • If you have a TDB account, you can use it for Pay Easy services. If not, you will need to open an account at a TDB branch near you.
• Activate TDB Online:
  • Since you may be living abroad for an extended period, it’s essential to activate TDB Online services to view your account balance and conduct transactions as needed.
• Register up to 5 TDB Accounts:
  • You can register up to 5 TDB accounts for Pay Easy. Encourage your family members or others to open an account if needed.
• Open an Account at KEB Hana Bank:
  • Upon arrival in Korea, open an account at KEB Hana Bank and register it for Pay Easy services.
  • Citizens under an employment contract with a registered address can also register for Pay Easy service while in Mongolia.