CORPORATE CURRENT ACCOUNT
Arig Bank's "Corporate Current Account" will help you to fully control the income and expenses of your enterprise and not worry about your financial problems.
Advantages
- Make deposits and withdrawals anytime
- Choose within 8 currencies that suit your needs
- Manage an account over Internet bank
- Have an automated transaction service
- Up to 20 million MNT insured by Deposit Insurance Corporation
- Call our 24/7 call center at 7070-1001 to get information and inquiries about your account
Terms
Currency | MNT | USD | EUR | CNY | RUB | KRW | JPY | GBP |
Annual interest |
up to 5,000,000 MNT 0.0% more than 5,000,000 MNT 3.0% |
up to 10,000 USD 0.0% more than 10,000 USD 1.0% |
- | - | - | - | - | - |
Minimum balance | 10,000 | 10 | 10 | 100 | 200 | 10,000 | 1,000 | 10 |
Fees and commissions
Type |
Service |
Currency | |||||||
MNT | USD | EUR | CNY | RUB | KRW | JPY | Others | ||
Income transaction | Cash income | - | - | - | - | 3.0% | 3.0% | 0.3% | - |
Withdrawal transaction | Cash withdrawal* | - | 0.5% | 0.3% | 0.4% | 1.5% | 1.5% | 0.6% | 0.6% |
Cash transaction |
Interbank transaction /before 16 pm/ |
1,000 MNT | 1,500 MNT | ||||||
Interbank transaction /after 16 pm/ | 1,000 MNT | 3,000 MNT | |||||||
Non-cash transaction | Transaction between own accounts | - | |||||||
Transaction between Arig bank accounts | 100 MNT | ||||||||
Interbank transaction /up to 5 million MNT/ | 200 MNT | 0.5 USD | |||||||
Interbank transaction /more than 5 million MNT/ | 400 MNT | 0.5 USD | |||||||
Open an account | - | ||||||||
Monthly fee for an account | 1,000 MNT | ||||||||
Account statement /per sheet/ | 100 MNT | ||||||||
Close an account | 3,000 MNT |
* A commission will be charged if the non-cash income in the account is spent in cash
Click HERE to see the general terms and conditions of the bank's products and services.
Required documents
- Official letter requesting to open an account
- Customer Acceptance Form
- Product and Service Form
- Company's original or notarized State registration certification and Charter
- Form of registration of Ultimate beneficial owner and Politically exposed person
- Notarized and valid document for each of the Ultimate beneficial owners and Shareholders
- Notarized Signature Verification Form of CEO and appointed employees to manage account
- CEO and appointed employees Customer Acceptance Form /individual/, Citizen identity card /Passport, Residence permit, Forms W-8BEN and W-9 for US citizens/
- Order of governing authority, granting the right to an appointed employee to manage account
- Other documents