Demand deposit

Choose our "Demand deposit" account to deposit your money into a savings account without any specified time obligations, continue to deposit and withdraw at your preference while receiving interest.

Benefits:

  • Broad variety of foreign currencies;
  • Interest income calculated on daily outstanding balance of account;
  • Receive and send domestic and foreign remittances;
  • Exchange of broad variety of foreign currencies;
  • Standing order transaction services available;
  • Possible to register with electronic banking services for easy account management and monitoring.

Нөхцөл

Валют MNT USD CNY EUR
Minimum balance to open account 10,000 10 50 10
  Until 50 million More than 50 million  

Interest rate

/Annual/

Nominal interest rate 6.0% 6.6% 2.0% 1.2% 1.2%
Real interest rate 6.0% 6.6% 2.0% 1.2% 1.2%

Fee, commissions

Transaction type Currency Fee
Non-cash withdrawal transaction Within the bank MNT No fee
Other
Inter bank MNT 300₮
Other 1,000₮
Cash withdrawal transaction Branch MNT No fee
USD 0.20%
EUR, JPY 0.30%
CNY 0.20%
Cash income transaction Branch - No fee
Account closure fee Branch - 1,000₮

Documents to provide:

  • For Mongolian citizens: citizen identity card, foreign passport
  • For foreign citizens: foreign passport
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