Mongolia

Bank account

TYPE	DESCRIPTION
Area availability	Available across the Mongolia
Service type	B2C / B2B
Currency	MNT
Payout channel	Bank Transfer
Transaction turnaround time	Within 15 minutes
Transaction limit	Minimum limit per transaction: MNT 15,000.00 Maximum limit per transaction: MNT 14,000,000.00 Compliance daily limit per beneficiary: MNT 150,000,000.00 *The transaction will be held for review if the sender or receiver exceeds the compliance limit
Amount received	Beneficiary received net amount as specified by sender.
Maximum number of beneficiaries	No limit
Validation	No account validation
Service charge	The transaction fee will be refunded on a best-effort basis after the transaction is accepted by gloRemit and forwarded to the payout channel.
Cancellation	Cancellation is on a best-effort basis.
Remarks	Important notes a) The Sender Address, Beneficiary Address, sContactNum, and bContactNum fields are mandatory for Mongolia Bank Transfer transactions. No default values are allowed b) The refund process will take up to 24 hours to be released.
Do_Transfer bAccType Value	1

NO	NAME	ISSUER CODE
1	Arig Bank	976001
2	Bogd Bank	976002
3	Capital Bank of Mongolia	976003
4	Capitron Bank of Mongolia	976004
5	Chinggis Bank	976005
6	Development Bank	976007
7	Golomt Bank	976008
8	Khan Bank	976009
9	National Investment Bank	976010
10	The State Bank	976011
11	Trade and Development Bank of Mongolia	976012
12	TransBank of Mongolia	976013
13	Ulaanbaatar City Bank	976014
14	Xac Bank	976015
15	Ard Credit NBFI	976016
16	Hi payment solution LLC	976017
17	M Bank	976018