Supported payout countries
Summary
Summary
Mongolia
Account channel
Service specification
| 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 |
Supported bank
| No | Name | Issuer Code |
| 1 | Agri Bank | 976001 |
| 2 | Bogd Bank | 976002 |
| 3 | Capital Bank of Mongolia | 976003 |
| 4 | Capitron Bank of Mongolia | 976004 |
| 5 | Chinggis Bank | 976005 |
| 6 | Credit Bank | 976006 |
| 7 | Development Bank | 976007 |
| 8 | Golomt Bank | 976008 |
| 9 | Khan Bank | 976009 |
| 10 | National Investment Bank | 976010 |
| 11 | The State Bank | 976011 |
| 12 | Trade and Development Bank of Mongolia | 976012 |
| 13 | TransBank of Mongolia | 976013 |
| 14 | Ulaanbaatar City Bank | 976014 |
| 15 | Xac Bank | 976015 |
Cash pick-up channel
Service specification
| Type | Description |
| Cash-out Method | Direct credit to bank account in Mongolian Tughrik (MNT) Supported sender type - individual and company. Supported beneficiary account type - individual only. |
| Transaction Turnaround Time | Within 15 minutes |
| Transaction Working Hours | Business hours: Operating hours for all available cash-pickup locations differ, however normal business hours 9.30am – 6pm Monday – Friday (Mongolia timezone, GMT+8) |
| Area availability | Mongolia 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 received | Beneficiary to be received the payout in the nearest MNT 1 |
| Transaction Limit | Maximum per Transaction MNT 14,000,000.00 Minimum per Transaction MNT 15,000.00 |
| 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 allowed if the payout in not claim. |
| Remarks | |
| Do_Transfer bAccType Value | 5 |
List of cash pickup outlet
| No | Name | Website | Payout Code Sample | Issuer Code |
|---|---|---|---|---|
| 1 | SendMN Cash Payment | https://www.send.mn/en/remittance | SMN10200004 | CPMSM |