Find SWIFT Codes in MONGOLIA

In order to send a SWIFT payment to MONGOLIA it is highly recommended to meet the following recommendations:

• Ensure to obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, account number, and beneficiary bank address).
• For additional information, refer to www.mongolbank.mn/eng.
• Payment Restrictions: Banks may impose limits up to 25% of the company or individual’s equity capital on total cash FX purchases for each business day.
• Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Avoid using initials to prevent delays.
• Beneficiary Customer (SWIFT MT103 F59): Include account number, full name (no initials), and address of the beneficiary customer. Avoid using initials to prevent delays.
• Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name, and address of the exact location of the beneficiary bank. SWIFT BIC consists of 8 or 11 alphanumeric characters: xxxxMNxx or xxxxMNxxxxx.
• Reason for Payment (SWIFT MT103 F70): Indicating the purpose of payment is recommended.
• The Bank of Mongolia reserves the right to revoke FX payments for failure to provide timely reporting, accurate information, and timely payment settlements.

For the following financial institutions in MONGOLIA you can find a list of their correspondent banks with the currencies and nostro accounts. Also you will find an instructions how to track the payments and other useful information which will help you to send/receive a SWIFT funds transfer or investigate a status of existing payment.