Other cheque services
Khan Bank is offers American Express, Thomas Cook MasterCard, and VISA Travelers Cheques, Canadian and American dollar bank draft and American Express Gift Cheques.
Instruction to cash traveler’s cheques:
- Travelers cheques are checked against first signatures when the payments are made.
- Cheque holders must sign each cheque in the presence of the bank teller and provide personal ID.
- Cheques are cashed in foreign currency or equivalent in MNT based on current day exchange rate.
Instruction to cash bank draft:
- Customers bring in personal ID and bank drafts to the bank.
- The bank issues an invoice upon receiving the bank draft and one copy is given to the customer.
- Bank drafts are deposited to your account or cashed within 30 days.
Instruction to cash Gift Cheques:
- Gift cheque receivers sign on the upper side of the cheques.
- Signature on the gift cheque must match your signatures on your passport and personal ID.
- Cheque holder must sign the second signature in the presence of bank teller.
- Second signature cannot be signed ahead of time.
Cheque fees and commissions
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Traveler’s cheque, Gift cheque
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Type
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Fees and commissions
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Ulaanbaatar
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Rural area
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MNT
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1 %
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1.5 %
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Foreign currency
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2 %
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2.5 %
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Bank draft
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Cashing non cash remittance
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30 USD from each cheque or equivalent in MNT or foreign currency
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Cashing |
40 USD from each cheque or equivalent in MNT or foreign currency |
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