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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 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 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
3Capitron Bank of Mongolia976004
4Chinggis Bank976005
5Development Bank976007
6Golomt Bank976008
7Khan Bank976009
8National Investment Bank976010
9The State Bank976011
10Trade and Development Bank of Mongolia976012
11TransBank of Mongolia976013
12Ulaanbaatar City Bank976014
13Xac Bank976015

Cash pick-up channel

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 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 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