Can use term deposit as collateral for bank loans;
Control your account statement online;
Terms and conditions
CURRENCY
MNT
USD
CNY
EUR
Minimum balance
2,000,000
1,000
5,000
1,000
Interest rate (per annum)
7-13 days
6.50%
-
-
-
14-29 days
7.00%
-
-
-
30-59 days
8.00%*
1.20%
1.00%
1.00%
60-89 days
8.50%*
1.20%
1.20%
1.20%
90-179 days
9.50%*
2.00%
2.40%*
1.80%*
180-269 days
10.80%*
2.50%*
3.00%*
2.40%*
270-364 days
11.50%*
2.80%*
3.00%*
2.40%*
365-545 days
12.50%*
3.20%*
3.60%*
3.00%*
546-729 days
12.70%*
3.30%*
-
-
730-1094 days
13.00%*
3.40%*
-
-
interest rate calculation upon premature termination of term deposit contract. (annual)
2.40%
0.50%
0.30%
0.30%
*-Bogd Bank is offering an additional interest rate of 0.1% -2.8% on time deposits, depending on the amount of the deposit, in case of opening a new deposit or renewing the term of the deposit in order to establish a long-term relationship with the customer.
Fees and commissions
TYPE
SERVICE
CURRENCY
MNT
USD
CNY
EUR
Income transaction
Cash transaction
No fee
Non-cash transaction
No fee
Withdrawal transaction
Withdrawal transaction
200
0.4%
0.5%
0.3%
Interbank transaction
200 MNT for up to 5,000,000 MNT transactions
In other currency equivalent to 0.5 USD
Interbank transaction
500 MNT for above 5,000,001 MNT transactions
Account statements
Statements
5,000 MNT
If the account was opened within the last 14 days or if the account co-owner was added
40,000 MNT
If additional information was added due to the customer request
Standard statement fee + 15,000 MNT
Account statement (Per sheet)
100 MNT
*No additional fee applies for transferring account within the Bogd bank.
Required documents
Formal request to open an account;
Copy of State Registration Certificate /Notarized/;
Copy of charter of the company /Notarized/;
Authorized signature card of applicant /Notarized/;
Copy of ID card of the authorized person to dispose with an account;
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