1800-1881 mn

Current account

Current account service conditions

Regular current account is the account opened by legal entities or individuals to place their monetary asset at the bank under the contract to earn interest income while executing their payment and settlement activtities.

 Features:

  • Allows deposit and withdrawal of cash at any time to carry out payment and settlement activities.
  • The accrued interest amount shall be calculated at end of the year that is 31 December in accordance with the contract and shall be credited to the account.
  • If the contract of regular current account is cancelled, the interest shall be calculated and paid only for the period for which the deposit is maintained with the Bank.
- Opening the current account Closing the current account
Corporate No fee MNT 5000

 

Current account conditions

- MNT USD> EUR RUB CHF CNY JPN GBP
Minimum balance requirement 50,000 50 25 1,250 50 250 5,000 25

 

Interest rate /monthly/

- MNT USD EUR
Up to MNT 10 million 0.3% 0.15% 0.1%
Above MNT 10 million 0.6%/td

Income tax deduction

  • In compliance with “Corporate Income Tax Law of Mongolia” income tax will be deducted and transgered to state budget from interest amount paid to the current. If the current account is exempted from tax in acoordance with law, deduction will not be applied.

Commission for account statement

All currency
Monthly MNT 1,000
Quarterly MNT 2,000
Semi annual MNT 2,500
Annual MNT 3,000

 

Commission for account administration /monthly/

MNT USD ЕUR RUB CHF CNY JPY GBP
Corporate enterprises 1,000 MNT 1,000 MNT 1,000 MNT 50 2 20 200 2

 

To open a current account, please bring the following: /Download/

Current account service conditions

Regular current account is the account opened by legal entities or individuals to place their monetary asset at the bank under the contract to earn interest income while executing their payment and settlement activtities.

 Features:

  • Allows deposit and withdrawal of cash at any time to carry out payment and settlement activities.
  • The accrued interest amount shall be calculated at end of the year that is 31 December in accordance with the contract and shall be credited to the account.
  • If the contract of regular current account is cancelled, the interest shall be calculated and paid only for the period for which the deposit is maintained with the Bank.
- Opening the current account Closing the current account
Corporate No fee MNT 5000

 

Current account conditions

- MNT USD> EUR RUB CHF CNY JPN GBP
Minimum balance requirement 50,000 50 25 1,250 50 250 5,000 25

 

Interest rate /monthly/

- MNT USD EUR
Up to MNT 10 million 0.3% 0.15% 0.1%
Above MNT 10 million 0.6%/td

Income tax deduction

  • In compliance with “Corporate Income Tax Law of Mongolia” income tax will be deducted and transgered to state budget from interest amount paid to the current. If the current account is exempted from tax in acoordance with law, deduction will not be applied.

Commission for account statement

All currency
Monthly MNT 1,000
Quarterly MNT 2,000
Semi annual MNT 2,500
Annual MNT 3,000

 

Commission for account administration /monthly/

MNT USD ЕUR RUB CHF CNY JPY GBP
Corporate enterprises 1,000 MNT 1,000 MNT 1,000 MNT 50 2 20 200 2

 

To open a current account, please bring the following: /Download/

For further information, please contact us at:
Customer information center: 1800-1881
Email address: contact@statebank.mn
Fax: 330595


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