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Mongolia — SWIFT/BIC Codes & Payment Info
Browse banks, EMIs, PSPs and other organizations in Mongolia that hold a SWIFT/BIC code. See correspondent banking data and review the country's payment requirements.
Devise
MNT — Mongolian Tugrik
IBAN
Mandatory (MN2!n4!n12!n)
Payment requirements for Mongolia:
Ensure to obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, account number, and beneficiary bank address).
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.
SWIFT/BIC code holders in Mongolia (19)
Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.