Mongolia

Bank account

Type	Description
Direct to Bank method	Direct credit to bank account in Mongolian Tughrik (MNT). Supported beneficiary account type – individual and company Supported Sender type - Individual and company.
Transaction Turnaround Time	. Within 15 minutes.
Area availability	Mongolia nationwide
Validation / Verification	· No system validation on account available · Sender Address, Beneficiary Address, sContactNum & bContactNum of transaction is mandatory for Mongolia Bank Transfer (no default value allow)
Amount received	Beneficiary received net amount as specified by Sender
Transaction Limit	Maximum per Transaction MNT 14,000,000.00 Minimum per Transaction MNT 15,000.00 Compliance accumulated limit MNT 150,000,000.00 per day per Beneficiary Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum Beneficiary	No restriction
Service Charge	Transaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation Process	Cancellation is on best effort basis.
Remarks	Refund process will take 24 hours to release.
Do_Transfer bAccType Value	1

No	Name	Issuer Code
1	Arig Bank	976001
2	Bogd Bank	976002
3	Capitron Bank of Mongolia	976004
4	Chinggis Bank	976005
5	Development Bank	976007
6	Golomt Bank	976008
7	Khan Bank	976009
8	National Investment Bank	976010
9	The State Bank	976011
10	Trade and Development Bank of Mongolia	976012
11	TransBank of Mongolia	976013
12	Xac Bank	976015