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.
Advantages:
- 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:
| Terms | MNT | USD | CNY | RUB | JPY | EUR | CAD | AUD | GBP | KRW |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | MNT 3,000 | |||||||||
Transaction fees and commissions
| services | FEES AND COMMISSIONS (CURRENCIES) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| mnt | usd | eur | cny | jpy | aud | cad | rub | krw | gbp | ||
| Income transactions | 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 - 100₮ | |||||||||||
| Transaction between banks | 200₮ | 1 | 0.5 | 1,000₮ | - | - | - | - | - | - | |
| Cash withdrawal** | Cash | 200₮ | 0-10,000 USD - 5,000₮ 10,000-100,000 USD - 10,000₮ 100,000 USD - 20,000 ₮ | ||||||||
| Non-cash1 | 200₮ | 0.30% | 0.50% | 0.50% | 0.50% | - | - | 2.00% | 2.00% | 0.50% | |
| Cash income transaction between banks | 2,000₮ | ||||||||||
| Correcting the transaction as customer’s request | 500₮ | ||||||||||
*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 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| mnt | usd | cny | rub | jpy | eur | cad | aud | gbp | krw | |
| Dormant account fee* (monthly) | 200₮ | 0.2 | 1 | 10 | 20 | 20 | - | - | - | - |
*The fee will be deducted when the account is dormant.
REQUIRED DOCUMENTS:
- Customer application form /download bank form here
- If Mongolian citizen - ID card
- If foreign citizen:
- Passport – with customer’s photo, name/surname, age, and date of birth;
- Certificate of alien registration.
Suggested
If you wish to make withdrawal/deposit any time you want, we recommend you XacBank's demand deposit product.
All available banking services will be delivered to you 24/7 using any internet connected device or smartphone app.
All available banking services will be delivered to you 24/7 using any internet connected device or smartphone app.
