By opening an institutional current account at XacBank, you can accurately and efficiently control your spending without the constraints of time and location.
- Currency - MNT, USD, EUR, JPY, CNY, CAD, AUD, RUB, KRW, GBP;
- International and local transfers, receive of payments;
- Various Foreign exchange payments.
- Employee salary transfers;
- Employee savings accounts;
- Cash collection;
- Standing order;
- Escrow account;
- Internet banking.
- Benefits from loan interest rate discount;
- Competitive interest rates;
- Option to collect interest earnings in any account;
- Forex negotiation;
- Interbank transfer fee;
- Option to receive account information by an email;
- Ability to manage accounts 24 hour a day.
Interest rate, fees and terms:
|Minimum requirements for account balance||10,000||10||10||250||1,000||50||10||10||10||20,000|
|Monthly service fee for keeping an account||1,000||1||1||25 ||80 ||5||1 ||1||1||1,000|
|Commission for cash withdrawals of received cashless transfers||200||0.2%||0.2%||1.5%||0.2%||0.4%||only non-cash transaction||1.5%|
|Dormant account fee /monthly/||100||0.2||0.2||10||20||1||-||-||-||-|
|Account closing fee||3,000₮|
transaction fees and commissions
|services||transactions||AMOUNT OF FEES (CURRENCIES)|
|Income transaction||Non-cash income||No commission|
|Cash income||No commission||0.20%||Non-cash transaction only||20%||1.50%||0.30%|
|Non-cash withdrawal||Transaction between XacBank accounts||Internet banking transaction fee - 0₮|
|Transaction fee at the branches - 0₮|
|Transaction between banks||200*||3||0.5||1000₮||-||-||-||-||-||-|
|Cash withdrawal**||Cash||200₮||0-10,000 USD - 5,000₮|
10,000-100,000 USD - 10,000₮
100,000 USD - 20,000₮
Cash income transaction between banks
Correcting the transaction as customer’s request
*300 MNT for interbank non-cash transactions over 5 million MNT
**Withdrawal in the currency or in MNT /as exchange rate of the day/ for the local branches. Reserve a cash withdrawal within 1 business day if the withdrawal amount is $100,000 or above.
1Except loan disbursement transaction.
- Customer application form /download bank form here/;
- Official notarized copy of State Registration Certificate;
- Notarized signature of applicant /download bank form here/;
- Copy of charter of the company;
- Copy of ID card of the authorized person to dispose with an account;
- Official letter of Ultimate Beneficial Owner.
For more information, please contact your nearest XacBank branch, our customer service hotline 1800-1888, or reach the relationship manager responsible for your institution, please e-mail us at email@example.com