Regular demand deposit account
Khan Bank offers you the most flexible demand deposit account service with the highest interest rate. This account enables you to increase your balance without locking your money in a term deposit account. You can open your account in both MNT and USD to make deposits or withdrawal transactions at your convenience in your own name or jointly with somebody else.
The demand deposit account offers you the following services:
• Cash deposits and withdrawals.
• International and domestic money transfers.
• Foreign currency exchange.
• Service access to all Khan Bank branches and sub branches.
• Regular account statements to manage your accounts.
• Money transfers from your account to individuals who do not have an account.
• Internet banking.
• Mobile banking.
• SMS banking.
• Demand deposit card which enables you to withdraw cash from ATMs and pay for services from merchants.
Terms of demand deposit accounts:
|
Type classification
|
To open account
|
Annual interest rate
|
Closing fee
|
|
MNT
|
USD
|
CNY
|
MNT
|
USD
|
CNY
|
MNT
|
USD
|
|
Regular demand deposit account
|
5,000
|
5.00
|
50.00
|
6%.
|
1.8%
|
0.6%
|
1,000
|
1$
|
Required Documentation:
• Personal ID/ Passport.
• Completed "Account opening application form" of Khan Bank.
• Minimum balance required. |
