Swift
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Dear customer, if you want to transfer money to foreign countries, please pay attention to the information below.
If you are engaged in foreign trade and receive an e-mail asking to transfer the payment to another account due to the fact that the account information of your client has changed, please note that you must call the client to clarify whether this is true.
If you are under any pressure to make this transfer due to the loss of personal photos and videos from online communication with a foreign national, please notify the Police immediately.
If you accidentally receive information about winning the lottery and receiving a large amount of cash on your computer or mobile phone and try to transfer this transaction as an advance, please note that this may be a crime of electronic fraud!
If you suspect that any of the above incidents have happened to you, you can contact the Police Department at 11-311606, 102 for information and advice, and receive online applications and complaints from the Police Department at www.service.police.gov.mn You can submit your application on the site.
Our bank uses the SWIFT network to carry out foreign payments and remittances within 1-3 working days through its own and international customer bank accounts. SWIFT means the Society for Worldwide Interbank Financial Telecommunications or its network.
Advantages:
- Payment can be canceled or recalled at the customer's request.
- Corrections and inquiries about remittances can be made
- It is secure because it is encrypted using the SWIFT network
|
Type of service |
Fee |
|
Make a currency transfer - USD |
|
|
up to 5,000 |
10,000 MNT |
|
5,001 – up to 100,000 |
20,000 MNT |
|
100,001 and up |
30,000 MNT |
|
If the remitter is responsible for the fees of the first remitting bank: * |
15 USD |
|
Make a currency transfer - EUR |
|
|
up to 5,000 |
10,000 MNT |
|
5,001 – up to 100,000 |
20,000 MNT |
|
100,001 and up |
25,000 MNT |
|
If the remitter is responsible for the first remitting bank's fees: |
|
|
up to 12,000 |
15 EUR |
|
12,001 – up to 50,000 |
25 EUR |
|
50,001 and up |
35 EUR |
|
Make a currency transfer - RUB |
|
|
Amounts are not considered |
14,000 MNT |
|
Make a currency transfer - CNY |
|
|
up to 50,000 |
5,000 MNT |
|
50,001 and up |
10,000 MNT |
|
If the remitter is responsible for the first remitting bank's fees: |
50 CNY |
|
Other services |
|
|
When the payment is called back |
30 USD |
|
To make corrections or inquiries about remittances |
35 USD |
|
When returning remittances from abroad |
15 USD |
RECEIVE A WIRE TRANSFER (SWIFT)
- Please click here to download the form for receiving CNY.
- Please click here to download the form for receiving EUR.
- Please click here to download the list of Banks, which Arig Bank is able to send USD transaction in China.
*Reminder: Please write the full name, account number, address, and phone number of the recipient of the transfer. If you need additional information, contact Arig Bank at 976-7070-1001 or at corrbank.division@arigbank.mn
Transfer abroad:
|
*Using branches -Fill out the foreign payment order form at the branch or settlement center. - Give the completed form to the branch teller. - International remittances will be sent in foreign currency. -Payment orders submitted to the branch or settlement center before 15:00 will be transferred from our bank on the same working day. Please note that payment orders submitted after the cut-off time will be transferred on the next business day. |
*ibank of Arig Bank - Make the money transfer at any time. - International money transfers will be sent in foreign currencies. -Payment orders submitted to the branch or settlement center before 15:00 will be transferred from our bank on the same working day. Please note that payment orders submitted after the cut-off time will be transferred on the next business day. |
*Note: You need to be a user of Arig Bank internet banking. To become an ibank user, please visit our nearest branch in person. See details of ibank here. See branch locations and details here.
Frequently Asked Questions:
- What should be considered for foreign remittances? - It is necessary to accurately fill in the information such as the recipient's name, account number and address, as well as the recipient bank's name, address, account number and SWIFT code of the bank.
- How many days is the payment of foreign transfers made? - Foreign remittance effects to the recipient in 1-3 working days after the payment is made
- What bank information is required to receive payments from abroad? - In order to receive payments from abroad, it is necessary to send Arig bank’s correspondent bank name and address to the remitter. Also, write the recipient's name and account number and send it to the sender.
- What if I want to reverse or correct the payment after making the transfer? - You will submit a written request for a refund or correction to the bank branch where the payment was made, and you will pay the cancellation or correction fee.
- How does a foreign transfer differ from other transfers such as Money Gram and Western Union? - Money Gram and Western Union services have the advantage of effecting the remittances to the recipient in a short time, but the service is limited only to individuals. The service fee is relatively high, only the remitter pays the fee and the amount of the transfer is limited. On the other hand, foreign remittances can be transferred by both individuals and organizations, the fees are relatively low, and the transfer amount is unlimited.
- Is it compulsory to pay the first remitting bank fees? – The first remitting bank’s fees are optional and will be deducted from your transferred amount if not paid.
