Demand savings /Monthly interest/
Demand deposit account has the most variety of currencies, is able to make deposits and withdrawals, and pays interest monthly.
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Interest
Interest 0-50 million MNT Over 50 million MNT Nominal rate No interest* Effective rate * As the Law on the Prevention, Control and Reduction of the Socio-Economic Impact of Coronavirus Infection (COVID-19), article 10.4 of the law states that interest will not be paid for any type of demand deposit account during the pandemic, Golomt Bank will not pay interest on any demand deposit accounts, starting from January 29, 2021, until the end of 30 June 2021.
Fees and commissions
To open new account Free of charge Savings book fee Free of charge Savings book fee if the old one is full Free of charge Savings book replacement fee MNT 3000 /Equivalent/ To close an account MNT 3000 /Equivalent/ Cash deposit MNT, USD – Free of charge/Press here/ Non cash deposit MNT Free of charge USD - USD 0-200,000 – 0.25%
- Over USD 200,000 – 0.20%
Other currency Press here Cash transaction At Golomtbank Branch MNT 200 /Equivalent/ Noncash transfer E-bank - MNT 100 /Equivalent/
Interbank - MNT 0-3,000,000 – MNT 300
- Over MNT 3,000,001 – MNT 400
- Documents:
- Mongolian citizens: Valid ID card only;
- Children under 18: Birth Certificate AND ID card of the child’s legal custodian;
- Foreign citizens: Valid passport, Employee reference letter OR official letter of settlement in Mongolia;
- Minimum opening deposit /as stated in Terms&Conditions table/;
- 1 passport size picture
- Documents:
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