If you wish to make withdrawal/deposit any time you want, we recommend you XacBank's demand deposit product.
- No limits in deposit/withdrawal transactions;
- Interest is calculated in compound basis monthly;
- Interest rate increase as the balance in your savings deposit goes up;
- You can make deposit/withdrawal transactions through linking your account to your card without any necessity to appear in the Bank office;
- You can manage your bank account, check account balance and make transactions using internet and mobile bank services without coming to a bank office upon registering for E-banking service.
Terms and Conditions:
|INTEREST RATES /ANNUAL/|
|Over 30 million||6.4%||6.59%|
|JPY||1,000,000||Up to 5 million||1.2%||1.21%|
|Over 5 million||1.6%||1.61%|
|Fees on closing accounts||3,000 MNT|
* Effective interest rate is same as Annual percentage yield which means a normalized representation of an interest rate, based on a compounding period of one year
Transaction fees and commissions
|Income transaction||Non-cash income||No commission|
|Cash income||No commission||0.20%|
|Non-cash withdrawal||Transaction between XacBank accounts||Internet banking transaction fee - No fee|
|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.
1Except loan disbursement transaction.
account fees and commissions
|Fees and commissions||currencies|
|Opening an account||No fee|
|Minimum balance requirement||10,000||10||10||50||1,000,000|
|Book keeping service fee (monthly)||100||0.1||0.1||0.5||10|
|Dormant account fee* (monthly)||200||0.2||0.2||1||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.