Type search keyword

Business current account


currency

MNT, USD, EUR, JPY, CNY, CAD, AUD, RUB, KRW, GBP


Method to calculate the interest

accrued each day, and received every month

Business current account

By opening an institutional current account at XacBank, you can accurately and efficiently control your spending without the constraints of time and location.

Feature:

  • Currency - MNT, USD, EUR, JPY, CNY, CAD, AUD, RUB, KRW, GBP;
  • Method to calculate the interest - accrued each day, and received every month.

General services:

  • International and local transfers, receive of payments;
  • Various Foreign exchange payments.

Additional services:

  • Employee salary transfers;
  • Employee savings accounts;
  • Cash collection;
  • Standing order;
  • Escrow account;
  • Internet banking.

Advantages:

  • 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:

terms
MNT
USD
EUR
RUB
JPY
CNY
CAD
AUD
GBP
KRW
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₮

Interest rate /per annul/*
3.6%
1.0%


-

*Interest rate will be calculated to daily balance of MNT 10MLN, / USD 10,000

transaction fees and commissions

servicestransactionsAMOUNT OF FEES (CURRENCIES)
mntusdeurcnyjpyaudcadrubkrwgbp
Income transaction
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 - 0₮
Transaction between banks
300
0.50.51000₮
------
Cash withdrawal*
Cash
200₮
Non-cash1
2000.20%0.20%
0.40%
0.20%
--1.50%1.50%
0.30%

Cash income transaction between banks
2000₮

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 1 business day if the withdrawal amount is $100,000 or above.

1Except loan disbursement transaction.

Required documents:

  • 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.

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 smerm@xacbank.mn