Docs

Mongolia

Bank account

Service specification

Type Description
Direct to Bank methodDirect 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 availabilityMongolia 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 receivedBeneficiary received net amount as specified by Sender
Transaction LimitMaximum 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 BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
RemarksRefund process will take 24 hours to release.
Do_Transfer bAccType Value1

Supported bank

No NameIssuer Code
1Arig Bank976001
2Bogd Bank976002
3Capital Bank of Mongolia976003
4Capitron Bank of Mongolia976004
5Chinggis Bank976005
6Development Bank976007
7Golomt Bank976008
8Khan Bank976009
9National Investment Bank976010
10The State Bank976011
11Trade and Development Bank of Mongolia976012
12TransBank of Mongolia976013
13Xac Bank976015
14Ard Credit NBFI976016
15Hi payment solution LLC976017
16M Bank976018

Cash pick-up

Service specification

TypeDescription
Cash-out MethodDirect credit to bank account in Mongolian Tughrik (MNT)
Supported sender type - individual and company.
Supported beneficiary account type - individual only.
Transaction Turnaround TimeWithin 15 minutes
Transaction Working HoursBusiness hours: Operating hours for all available cash-pickup locations differ, however normal business hours 9.30am – 6pm Monday – Friday (Mongolia timezone, GMT+8)
Area availabilityMongolia nationwide
Account Verification· Sender Address, Beneficiary Address, sContactNum & bContactNum of transaction is mandatory for Mongolia Cash Payment request transaction (no default value allow)
· Beneficiary to provide valid photo-bearing ID (Government ID, Driving License, Passport) Name and Unique Transaction Number during the payment collection
Amount receivedBeneficiary to be received the payout in the nearest MNT 1
Transaction LimitMaximum per Transaction MNT 14,000,000.00
Minimum per Transaction MNT 15,000.00
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is allowed if the payout in not claim.
Remarks
Do_Transfer bAccType Value5

List of cash pickup outlet

NoNameWebsitePayout Code SampleIssuer Code
1SendMN Cash Paymenthttps://send.mn/locationSMN10200004CPMSM

Telegraphic transfer

Service Specification

TypeDescription
Direct to Bank Method Direct credit to bank account in US Dollar (USD) and Mongolian Tughrik (MNT).

Supported beneficiary account type – Individual and company.
Supported sender account type - Individual and company.
Transaction Turnaround Time *T+1 business days for USD transaction processed and credited before 6pm (Mon-Fri) GMT +8.

*T+1 business days for MNT transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Mongolia Banking day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area Availability Mongolia nationwide
Validation / Verification No system validation on account available.
Amount Received Beneficiary received net amount as specified by Sender.
Transaction Limit
Types of limitAmount
Maximum per transactionN/A
Compliance accumulated limit per day per beneficiary (USD)USD 50,000.00
Compliance accumulated limit per day per beneficiary (MNT)MNT 150,000,000.00
Maximum Beneficiary No restriction
Service Charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® Service System and forwarded to the payout channel.
Cancellation Process Cancellation is on best effort basis.
Remarks Beneficiary account currency has to be the same with the currency of the transaction. (USD or MNT)

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.
Do_Transfer bAccType Value 11

List of Swift Codes

NoNameSwift Code
1KHAN BANK JSCAGMOMNUB
2ARD CREDIT' NBFIAREFMNU1
3ARIG BANK OF MONGOLIA (ARIG BANK LLC)ARGBMNUB
4BOGD BANKBOGDMNUB
5BANK OF MONGOLIA, THEBOMUMNUB
6XACBANKCAXBMNUB
7CAPITAL BANK OF MONGOLIACBMNMNUB
8CHINGGIS KHAAN BANKCHKHMNUB
9CAPITRON BANKCPITMNUB
10DEVELOPMENT BANK OF MONGOLIADBOMMNUB
11SENDMN NBFIFSNLMNU2
12GOLOMT BANK OF MONGOLIAGLMTMNUB
13M BANK JSCMBKNMNUB
14MONGOL POST JSCMNJSMNU2
15NATIONAL INVESTMENT BANK OF MONGOLIANAIMMNUB
16STATE BANKSTBMMNUB
17TRANSBANKTBOMMNUB
18TRADE AND DEVELOPMENT BANK JSCTDBMMNUB
19TRANSPORT DEVELOPMENT BANK OF MONGOLIATRDMMNU1