It allows you to make domestic and international payments promptly at the cheapest cost.
Benefits:
- Make payments both domestically and internationally without complications;
- You will be able to perform international payments using your MNT account, where non-cash exchange rate will apply depending on the currency of your transactions.
- Currency of your choice such as MNT, USD, and CNY will be connected to your card.
- The payment will proceed through your account which has the same currency as the transaction currency; hence there is no loss from currency exchange.
- Accumulation of interest earnings for account balance;
- Open overdraft credit accounts;
- Receive services from all card servicing entities in Mongolia and abroad;
- Payments through wide range of local merchants;
Requirement: To be employed at a company that signed a salary cooperation agreement with XacBank.
Terms and conditions:
| terms | Amount | |
|---|---|---|
| Classic card | Gold card | |
| Enrollment fee | - | |
| Annual fee | - | |
| Minimum balance requirement | - | |
| Maximum daily cash withdrawal limit | 5,000,000 төг | 20,000,000 төг |
| Maximum daily purchase limit (POS transaction) | 5,000,000 төг | 20,000,000 төг |
| Card replacement | 10,000 төг | |
| PIN code recovery /card with chip/ | 10,000 төг | |
| PIN code recovery /card with magnetic/ | 1000 төг | |
| PIN code change fee /ATM/ | 100 төг | |
| Annual fee for a supplementary card | 10,000 төг | |
| Cash withdrawal | In abroad /АТМ, POS/ | 1.5% or minimum 3000 MNT |
| At XacBank branch /USD, CNY/ | 0.25% | |
| At XacBank branch /MNT/ | 200 MNT | |
| Card account balance interest rate /per annul/ | MNT /above 100,000 MNT/ | 3.6% |
| USD /above 100 USD/ | 1.2% | |
| CNY /above 300 CNY/ | 1.2% | |
Required documents:
- Personal ID or international passport of Mongolia;
- Official letter from the organization (in case establishing new contract with the bank).
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