|Interest rate /Annually/|
|Certificate of Deposit||12 months||12.50%||3.30%||–||–||–|
|Terms and savings certificates||Saved for 0-6 months||2.40%||0.20%||0-3 months 0.01%
4-6 months 0.30%
|Saved for more than 7 months||0.50%||0.30%||0.40%||0.03%|
** Depending on saved duration, fixed penalty rates are payable on pre-mature withdrawals or account closing.
Fees and commissions
|To open new account||Free of charge|
|To close an account||Free of charge|
|Cash deposit||Free of charge|
|Non cash deposit||Free of charge|
|Cash withdrawal /at a branch/||At Golomtbank Branch- 200 MNT /equivalent currency/|
After receiving confirmation from a bank employee, complete the aforementioned list of necessary documents and email them to email@example.com. The documents should then be sent via certified postal service.
1.How many different channels can a customer use to open an account?
2.Can a foreign customer open an account online, send a confidentiality letter from abroad, and then contact the branch to close the account?
-The authorized person of a power of attorney certified by a foreign notary and certified by an apostille certificate of a foreign or Mongolian citizen can close the account by contacting the branch.
3.Can co-owners add to the savings when opening an account from abroad?
-Possible to add co-owner through confidentiality letter.
4.Can foreign customers use internet banking to postpone savings account?
5.Can a customer who lives abroad obtain a deposit backed loan using internet bank?
-Customers living abroad cannot obtain a deposit-backed loan through internet banking.
6.How does a customer update their foreign bank information?
-Customers can update their bank information by sending a written request from their registered email address, as well as an offline request through internet banking.
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