You can open your current account in 9 different currencies and make your payment efficiently and securely.
Available in 9 different currencies
Choose your preferred account number when opening an account
Can be linked to a payment card
Features
Besides of opening MNT and USD account, you can choose currencies from EUR, CNY, GBP, RUB, KRW, JPY;
Make international and domestic transfers;
By registering internet bank service customers can open and manage multiple accounts;
Terms and conditions
Condition
MNT
USD
EUR
JPY
CNY
RUB
KRW
HKD
GBP
Minimum balance (according to the currency setting)
5,000
10
10
1,000
40
300
10,000
50
10
Interest (annual)
Interest does not apply
Monthly fee*
300
Equivalent to 300 MNT
Open account
Free
Account closure fee*
By cash 3,000 mnt By non-cash 1,000 mnt
Equivalent to 1,000 MNT
Fees and commissions
TYPE
SERVICE
CURRENCY
MNT
USD
CNY
EUR
KRW
JPY
GBP
RUB
HKD
Income transaction
Cash transaction
No fee
No fee (1-20 USD bill 1.5%)
No fee
1.50%
No fee
2.00%
Non-cash transaction
Non-cash transaction
No fee
Withdrawal transaction
Withdrawal transaction
200
0.4%
0.5%
0.3%
0.4%
0.3%
0.4%
1.50%
Non-cash transaction
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
Transaction within the Bogd bank
To your account(online bank )
No fee
To other account(online bank )
100 MNT
In other currency equivalent to MNT 100
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
*USD bills that is outdated or in poor condition will not be accepted for processing.
Required documents
Mongolian citizen
Foreign citizen
Identification card or passport
Passport
Certificate of foreign citizen registration
FATCA form is required for citizen or taxpayer of US
As a foreign citizen without a residence permit in Mongolia, the bank will investigate each customer's request, and additional documents will be required such as a reference letter from the customers main bank, confirmation letter from co-operating organizations in Mongolia.
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