You can choose current account service in order to manage your business and individual accounts promptly and reliably. You can open bank accounts not only in MNT and USD, but also in EURO, RUB, JPY, CNY, and AUD and CAD to run your business easy.
- Open credit lines in your accounts;
- Make domestic money transfer and receive payments;
- Make various foreign currency transactions;
- Subscribe for Standing order service;
- You can manage your account, making transactions and checking balance, using E-Banking services.
Terms and Condition:
|Minimum balance requirement||-||-||-||250||1,000||10||10||10||10||20,000|
|Service fee /monthly/||-||-||-||25||80||5||1||1||1||1,000|
|Withdrawal fee for cash withdrawals of non cash transfers||200||0.2%||0.4%||1.5%||0.2%||0.2%||Only non-cash transfer.||0.3%||1.5%|
|Account canceling fee||3,000 төгрөг|
|Annual interest rate*||3.6%||1.0%||1.2%||-||-||-||-||-||-||-|
*Interest rate will be calculated to daily balance of MNT 100,000/ US 100/ CNY300
Transaction fees and commissions
|services||FEES AND COMMISSIONS|
|Income transactions||Non-cash income||No commission|
|Cash income||No commission||0.20%||Non-cash transaction only ||1.50%||1.50%||0.30%|
|Non-cash withdrawal||Transaction between XacBank accounts||Internet banking transaction fee - 0₮|
|Transaction fee at the branches - 100₮|
|Transaction between banks||300₮||0.5||0.5||1,000₮||-||-||-||-||-||-|
|Cash income transaction between banks||2,000₮|
|Correcting the transaction as customer’s request||500₮|
*Withdrawal in the currency or in MNT /as exchange rate of the day/ for the local branches. Reserve a cash withdrawal within one business day if the withdrawal amount is $100,000 or above
1 Except loan disbursement transaction.
Account fees and commissions
|fees and commissions||currency|
|Dormant account fee* (monthly)||200₮||0.2||1||10||20||20||-||-||-||-|
*The fee will be deducted when the account is dormant.
- If Mongolian citizen - ID card
- If foreign citizen:
- Passport – with customer’s photo, name/surname, age, and date of birth;
- Certificate of alien registration.