Demand savings /Annual interest/
Demand deposit account has the most variety of currencies, is able to make deposits and withdrawals, and pays interest annually
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Interest
Currency MNT USD CNY EUR JPY GBP RUB AUD Minimum balance requirement 10,000 MNT 10 USD 50 CNY 10 EUR 1000 JPY 5 GBP 250 RUB 10 AUD Interest rate /annually/ 4.50% /Up to 49,9 million MNT/ 6.60% /Over 50 million MNT/ 1.00% 0.60% 0.60% 0.10% 0.10% – 0.10% *Publicly announced interests can be increased by up to 3.0% for the customers with stable relationship in accordance with decision of the Banking relative units.
Fees and commissions
To open new account Free of charge Savings book fee Free of charge Savings book replacement fee 3000 MNT /Equivalent/ To close an account Digital channel: 1,000 MNT /Equivalent/
Branch: 3,000 MNT /Equivalent/Cash deposit - MNT -Free of charge
- USD /1-50 USD bill/ – 0.50%
- CNY /1-50 CNY bill/ – 0.50%
- EUR /1-50 EUR bill/ – 0.50%
- JPY – 0.15%
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Non cash deposit Free of charge
Cash transaction - MNT – 200MNT
- USD – 0.40% + 200 MNT
- CNY – 0.40% + 200 MNT
- EUR – 0.40% + 200 MNT
- JPY – 0.50% + 200 MNT
- GBP – 0.60% + 200 MNT
Noncash transfer E-bank – 100 MNT /Equivalent/ Interbank
- 0-5,000,000MNT – 200MNT
- Over 5,000,001 MNT – 400MNT
- 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/
- Documents: