AGMOMNUB

Payment Instructions

General instructions for international payments to banks in MONGOLIA:

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 de ... 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. Read more

IBAN: No

Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.

Payment Tracking

To track a SWIFT cross-border payment to or from KHAN BANK JSC, you need a UETR code, reference number, amount, payment date, and currency. This information is typically found in an MT103 form.

Other Branches

Disclaimers

We are doing our best to demystify cross-border payments, however Ohmyfin is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive safe advice.