Khan Bank offers you current accounts that suit the day-to-day financial needs of your company.
You can open current accounts denominated in Tugrug as well as such currencies as USD, EUR, CNY, RUB, GBP and JPY at any Khan Bank branch free of charge.
The following services are available for holders of current accounts with Khan Bank:
• Access to loans for business entities.
• Card and payment & settlement.
• Cash withdrawals and deposits.
• Foreign transfers.
• Currency exchanges.
• Access to banking services at all Khan Bank offices.
• Account statements available at certain time intervals to keep track of your account activities.
• Cash collection services.
• Internet banking.
• Efficient, non-cash transactions.
• Financial advice from our specialists.
• Other services.
Category
Account opening or minimum balance
Annual interest rate
Interest rate applicable upon contract termination
Tugrug /MNT/
20,000
-
-
US dollar /USD/
15
GBP
10
JPY
1,100
RUB
455
CNY
100
EUR
12
KRW
20,000
AUD
15
CAD
15
CHF
15
Documents required for opening an account:
1. Official letter requesting to open an account
2. Notice on opening and closing of accounts by legal entity (provided by Tax Authority)
3. Copy of State Registration Certificate
4. Completed "Account opening application form" with notarized signature specimen part
If the company is not registered in Mongolia, the bank opens accounts on case by case basis, which requires additional KYC documents such as (but not limited to) bank reference, annual report, company charter and letter from Mongolian partner. Please contact our Priority Banking (Tel: 70075178; Fax: 70075188; Address: Altai Center, Sukhbaatar District, Chinggis Avenue -8, Ulaanbaatar, Mongolia) or Corporate Banking Department (Tel:976-11-332333 ext- 3041; Fax: 976-70117028; Address: Seoul Street-25, P.O.Box-192,Ulaanbaatar-44, Mongolia) for more information.
