INTERBANK TRANSACTION FEES REDUCED BY 20 PERCENT

In order to prevent and reduce the risk of COVID-19 pandemic, small amount of interbank transaction fees will be reduced by 20 percent starting from today, April 1, during the period of heightened state of readiness.

The commercial banks including Arig, Bogd, Golomt, Capitron, Credit, Khaan, Xac, State Bank, Transport and Development Bank, National Investment Bank, Trade and Development Bank and Chinggis Khaan Bank are working to implement this initiative of the Bank of Mongolia.

This initiative calls upon the citizens to use internet and mobile banking services for payments instead of going to bank branches to protect their health from any possible risks.

Source: https://montsame.mn/en/read/220708