Current account

The current account is available to make a cash and non-cash payments daily, connect your accounts to the e-bank services, request the payment card and the interest to be issued based on the balance according to the terms and condition. 

Product terms:

Terms MNT USD EUR CNY JPY RUB KRW GPB
Nominal Interest fee  3.60% 1.20% 1.20% 1.20% 1.20%

 

No interest

Effective interest rate 3.67% 1.21% 1.21% 1.21% 1.21%
Minimum balance for interest 100,000 MNT 40 USD 35 EUR 300 CNY 4,100 JPY
Minimum balance requirement 5,000 MNT 5 USD 5 EUR 20 CNY 1,000 JPY 200 RUB 5,000 KRW 5 GPB

Non-cash 

Services MNT Currency
Transaction between TransBank accounts
All personal accounts 100 MNT Currency equivalent to 200 MNT
Transaction between other bank accounts
Non-cash transaction 300 MNT Currency equivalent to 1,500 MNT
Cash transaction 500 MNT Currency equivalent to 1,500 MNT

Other

Services MNT Currency
Open a bank account No comission
Service fee
Current account /monthly/

500 MNT

Salary current account 100 MNT

Currency equivalent to 500 MNT
Demand deposit /year-end/ 1,000 MNT Currency equivalent to 1000 MNT
Dormant account /monthly/ 500 MNT Currency equivalent to 500 MNT
Cancel a bank account
Cancel a current account 1,000 MNT Currency equivalent to 1000 MNT
Cancel a savings account 1,000 MNT Currency equivalent to 1000 MNT

 Documents required:

  • Service application /download/;
  • Mongolian citizen: National registration ID;
  • Foreign citizen: Passport and certificate of alien registration.