SWIFT international transfer

Trade and Development Bank JSC is offering international remittance service for customers in a fast, safe and efficient way through our correspondence with foreign reputable banks and financial institutions via the ONLINE SWIFT network 24/7.

Advantages of international transfer service of TDB:

Trade and Development bank has extensive experience as the first Mongolian commercial bank, who became the member of SWIFTNet network in 1996.
You can make your international transfer with the most variated 31 currencies (*Other currency - INR, CZK, DKK, DZD, HUF, ILS, ISK, KWD, MXN, NOK, PLN, RON, SAR, TND, ZAR).
We offer our customers the lowest fees and decent conditions.
We offer all kinds of additional international remittance services to our customers.
Also, you can use our internet banking service to make international transfer to save your time from anywhere. It is possible to track and check the entire process of the sent international transfer from your account to the beneficiary's account in real-time.

Currency	Interval	Basic charge SHA / Fees and charges of all correspondent banks will be deducted from the total transfer amount/	OUR charge / Remitter bears first intermediary bank charges/	G-OUR charge / Remitter bears all correspondent banking charges/	Recall, Cancellation	Inquiry
Currency	Interval				Recall, Cancellation	Take inquiry from foreign banks	Other inquiry
US dollar	0 – 5,000.0	20,000 MNT	20 USD	30 USD	40 USD	30 USD	50 USD
	5,000.01 – 100,000.0	30,000 MNT
	More than 100,000.01	40,000 MNT
Euro	0 – 5,000.0	15,000 MNT	-	To Germany – 10 EUR To other country– 20 EUR	30 EUR
	5,000.01 – 50,000.0	25,000 MNT
	More than 50,000.01	35,000 MNT
Chinese Yuan	0 – 50,000.0	7,500 MNT	To China – 50 CNY To other country – 150 CNY	-	50 CNY
	50,000.01 – 100,000.0	10,000 MNT
	More than 100,000.01	20,000 MNT
Chinese Yuan (To Russian Federation)	-	30,000 MNT	150 CNY	-	50 CNY
British pound	-	15,000 MNT	15 GBP	-
Japanese Yen	-	15,000 MNT	To Japan – 0.05% (min 2,500 JPY) To other country – 0.1% (min 10,000 JPY)	-	7,500 JPY
Korean won	-	15,000 MNT	20,000 KRW	-	30,000 KRW
Australian dollar	-	15,000 MNT	To Australia – 15 AUD To other country – 35 AUD	-	50 AUD
Canadian dollar	-	15,000 MNT	25 CAD	-	30 CAD
Swiss Franc	-	15,000 MNT	20 CHF	-	60 USD
Russian Ruble (To Russian Federation)	-	30,000 MNT	-	-	300 RUB
New Zealand dollar	-	25,000 MNT	25 USD	-	60 USD
Hongkong dollar	-	25,000 MNT	200 HKD	-	60 USD
Singapore dollar	-	25,000 MNT	25 USD	-	60 USD
Swedish Krona	-	25,000 MNT	25 USD	-	150 USD
Turkish Lira	-	25,000 MNT	25 USD	-	60 USD
Thailand Baht	-	25,000 MNT	25 USD	-	60 USD
Other* currency	-	35,000 MNT	40 EUR	-	60 USD

Dear valued customer, please note that by choosing your receiving currency and completing the “Form of receiving funds from overseas” and further delivering it to the ordering customer, you can receive funds from overseas in the following 15 currencies to your own current, savings, and card accounts from anywhere across the globe.

AUD, CAD, CNY, EUR, GBP, HKD, NZD, CHF, RUB, JPY, USD, SGD, SEK, TRY, THB

Terms and condition	Fee
Receiving funds from overseas to accounts:	Free of charge
Inbound payment cancellation:	USD 15, or equivalent in other currencies
Click here to get information on cash withdrawals fees from Current and Savings accounts.

Outgoing international transfer requisite:

Currency	Requisites
RUB	Outgoing International transfer form for RUBLE- Download
Other currency	Outgoing International transfer form for other currencies- Download

Receiving international transfer requisite:

Please pay attention to the following suggestions when filling out the form.

Beneficiary’s account name, address: Please provide the beneficiary’s account name and address in full, as registered with our bank, in Latin alphabet.
Beneficiary’s account number: Please provide the account number of current, saving or card accounts at our bank.
Purpose of the payment: To avoid any delays and cancellations of your transaction, please ensure to instruct accurate and clear payment purpose.

Currency	Requisites
USD	Receiving international payments in US dollar from Hong Kong and China, click here
	Receiving international payments in US dollar from from South Korea, click here
	Receiving international payments in US dollar from from Southeast Asia, click here
	Receiving international payments in US dollar from other countries, click here
EUR	Receiving international payments in Euro, click here.
GBP	Receiving international payments in British Pound, click here.
CHF	Receiving international payments in Swiss Franc, click here.
JPY	Receiving international payments in Japanese Yen, click here.
AUD	Receiving international payments in Australian Dollar, click here.
CAD	Receiving international payments in Canadian Dollar, click here.
RUB	Unable to receive international payment in Ruble
CNY	Receiving international payments in Chinese Yuan, click here.
NZD	Receiving international payments in New Zealand Dollar, click here.
HKD	Receiving international payments in Hong Kong Dollar, click here.
SGD	Receiving international payments in Singapore Dollar, click here.
SEK	Receiving international payments in Swedish Krona, click here.
TRY	Receiving international payments in Turkish Lira, click here.
THB	Receiving international payments in Thailand Baht, click here.

*Unable to receive USD from Russian Federation.

№	Question	Answer
1	What is IBAN number?	IBAN stands for International Bank Account Number and contains important information such as the customer’s bank, country and account number. If you are making transfers EU countries, please make sure to provide beneficiary’s IBAN number. For example: Germany's IBAN code has 22 digits, including: IBAN- DE 38 63070024 0030824700 IBAN- DE-(Country code) 38 (Check digits) 63070024 (Bank code) 0030824700 (Bank account number)
2	How many days does it take for an international transfer to be credited to the beneficiary’s account?	International transfers are made through correspondent banks or intermediary banks in 1-3 working days. As soon as the transaction is credited to the recipient's account, a notification that the transaction has been successfully sent will be sent to the registered email and phone number of the transferor. Or, you can go to your online bank's Transactions/International Remittance/SWIFT Transfer directory, select the account from which the transaction was made, and view and check the entire process in real-time, from the transfer from your account to the recipient's account. Between 50%-80% of international transfers sent by the bank reach the beneficiary on the same day, depending on the currency type. In some cases, delays may occur depending on the internal policies and procedures of the intermediary banks.
3	Is it possible to make international transfers on weekends?	Transactions made on weekends and after-hours via Internet Banking will be sent on the next business day. With your TDB current account, you can make international transfer following channels. Including: TDB Online allows you to make international transfer anytime and from anywhere. Or you can come in to your nearest TDB branch to make international transfer.
4	Is it possible to recall or cancellation of international transfers?	If you want to make change in your international remittance after the remittance has been sent, you can visit TDB branch where you made your remittance and make a request for an amendment, paying related charge. If you want to recall your international remittance after the remittance has been sent, you can visit TDB branch where you made your remittance and make a request for a cancellation, paying related charge. Warning: TDB cannot give a guarantee if the funds have been already executed to the beneficiary’s account because the bene bank will only return with consent from the beneficiary. In this case, the charge will not be returned.
5	Is it possible to take inquiry of international transfers?	If you want to get any inquiry after transferring international transfer, you can contact your nearest TDB branch where you made your remittance to file an inquiry request by paying the related fees.
6	Are there any considerations when transacting to a foreign country?	Please note the following depending on the country and currency of the foreign transfer. Includes: Please fill in the form correctly, completely and clearly. In case of payment purpose is incorrect, incomplete or unclear, the payment will be stopped or rejected by bank. In case of returned payment due to remitter’s incorrect payment instruction, TDB will apply its current FX rate to convert the payment to the remitters account. Please make sure to fill in the form correctly in order to mitigate loss arisen from FX risk as bank will not take any responsibility. Due to OFAC, it is mandatory to provide full address and phone number of the remitter and the beneficiary. If you are making USD, EUR, GBP, CHF, SGD, SEK transfers to UA, Kazakhstan, Moldavia or EU countries, please make sure to provide beneficiary’s IBAN (International bank account number) number. EUR: For EUR international remittance to Germany, it is required to fill 8-digit beneficiary bank clearing code /BLZ/ in Bank code section on your international remittance order. CNY: According to cross border regulation of China, it prohibits individual payments in excess of 50,000.00 USD. Obligated to filled passport/ID number for individuals, contact details (telephone, fax number etc.) for companies. Make sure that fill the correct and full details of the remittance on your international remittance order. Please be aware that it is not allowed to write ‘goods payment’ or ‘personal transfer’ in your payment details section. GBP: It is required to fill 6-digit beneficiary bank clearing code, sort code /SC/ in Bank code section on your international transfer order. JPY: Please note that JPY international remittances cannot be made in fractional amount. It is unable to transfer JPY to Japan Post and Jibun bank of Japan. JPY international remittance made on before 11:00 am will be paid on that day and later transactions will be settled on the next working day. KRW: Please note that KRW international remittances cannot be made in fractional amount. KRW international remittance made on before 15:00 pm will be paid on that day and later transactions will be settled on the next working day. For KRW international remittance with amount equivalent to 20,000.00 USD or more, related transaction documents (invoices, contracts, etc.) should be attached to the payment order. RUB: You have to provide the following information when you make a Russian ruble transfer: BIK code – Russian bank code with 9 digits 30101xxxxxxxxxxxxxxx – Beneficiary bank’s clearing account number with 20 digits INN number - Russian tax payer’s code VO code - Transfer classification code with 5 digits AUD: For AUD international transfer to Australia, it is required to fill 6-digit beneficiary bank clearing code, BSB number in Bank code section on your international remittance order. AUD international transfers made on before 11:00 am will be paid on that day and later transactions will be settled on the next working day. CAD: For CAD international to Canada, it is required to fill 5-digit beneficiary bank clearing code, Transit code in Bank code section on your international transfer order. NZD: NZD international transfer made on before 11:00 am will be paid on that day and later transactions will be settled on the next working day. Other currencies^**** transfer will be charged with the equivalent amount in EUR.

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Dear customer, if you want to transfer money to foreign countries, please pay attention to the information below.

If you are engaged in foreign trade and receive an e-mail asking to transfer the payment to another account due to the fact that the account information of your customer has changed, please note that it is necessary to call the customer to clarify whether this is true.
If you are under any pressure to make this transfer due to the loss of personal photos and videos from online communication with a foreign national, please notify the Police immediately.
If you accidentally receive information about winning the lottery and receiving a large amount of cash on your computer or mobile phone and try to transfer this transaction as an advance, please note that this may be a crime of electronic fraud.
If you suspect that any of the above incidents have happened to you, you can contact the Police Department at 11-311606, 102 for information and advice, and receive online applications and complaints from the Police Department at www.service.police.gov.mn. You can submit your application on the site.

SWIFT International transfer