Corporate current account
We are pleased to provide you current account for your outward and inward remittances for business purposes.
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Currency MNT USD Other currencies Account opening fee No fee No fee No fee Minimum required balance 20,000 MNT 50 USD 50 EUR
100 CNY
5,000 JPY
10 GBP
50 CHF
50,000 KRW
1,000 RUB
20AUD
100 HKD
20 CAD
20 SGD
20 NZD
Annual interest rate 0% 0% 0% *Publicly announced interests can be increased up to the rate set by the Bank of Mongolia, Financial Regulatory Committee and the Ministry of Finance for the customers with stable relationship in accordance with decision of the Banking relative units.
Account maintenance fee/a month/ 1,000 MNT To close an account 3,000 MNT /equivalent/ Cash deposit No fee 0.50% /1-50 USD/ CNY /1-50 CNY/- 0.50% EUR /1-50 EUR/ – 0.50%
RUB – 1.50%
KRW – 1.50%
JPY – 0.15%
HKD – 0.40%
AUD – 0.40%
CHF – 0.40%
CAD – 0.40%
SGD – 0.40%
NZD – 0.40%
SEK – 0.40%
Other currencies – no fee
Cash withdrawal No fee 0.4%+200 MNT
RUB – 1.50% + 200 MNT CNY – 0.40% + 200 MNT
EUR – 0.40% + 200 MNT
SGD – 0.50% + 200 MNT
AUD – 0.50% + 200 MNT
JPY – 0.50%+200 MNT
HKD – 0.60%+200 MNT
CHF- 0.60%+200 MNT
GBP- 0.60%+200 MNT
NZD-0,70%
KRW- 0.30% + 200 MNT
SEK – 0.30% + 200 MNT
Non-cash withdrawal Golomt branch – 200 MNT
Inter bank non-cash transaction Up to 3,000,000 – 200 MNT 3,000,001 MNT – Foreign currency transaction regardless of the amount – 400 MNT
400 MNT 400 MNT Reference letter fee 3,000 MNT /33,000 in 14 days/ Cash pickup service fee 0.03% - Official letter /Request to open an account/
- If the company has 2 or more shareholders company should provide Board resolution to give permission to the first and second signature person to sign on behalf of the company
- Official permission paper to open an account issued by State Registration /yellow paper/
- Company charter /If not original give a photocopy with notary/
- The registration certificate issued by the State Registration authorities /If not original give a photocopy with notary/
- License of foreign investors, special license and other license if applicable /If not original give a photocopy with notary/
- Application form /download from here/
- Authorized signature, stamp /download from here, authorize by notary/
- Management information /download from here/
- Authorized person’s documentary such as identification card and Photo
- Minimum balance of the account
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