Demand deposit account

Benefits of the account Service fees & commissions Required documents

Easy account opening process;
Secured and reliable;
Earn interest income on the stable balance of the account;
FX service for different CCY;
Monitor your account accurately and efficiently by using online banking service and smart bank;

Service fees & commissions	MNT	USD	EUR	CNY
Minimum requirements for account balance	5,000,000	5,000	4,500	35,000
Demand deposit interest rate /annually/	3.60%	1.00%
Opening and closing the account	Free of charge

Mongolian entities
State registration certificate /original copy/; Authorized signature form per each account type /to be certified by notary, the template is provided by the bank/; Approval of Governing body that appointed right to manage funds to the 1st and 2nd authorized person’s signatures; Citizenship ID card and photos /3:4/ of 1st and 2nd authorized person.
Non-resident entities
Official letter requesting to open an account; State registration certificate; Charter of the company in copy; Authorized signature form per each account type /to be certified by notary, the form is provided by the bank/; Copy of passport of the authorized person and photo /3:4/; Other required documents.