Open Online Savings

Be part of Golomt from anywhere across the globe.

What is Online Savings?

Golomt Online Savings Service provides you with an opportunity to open and manage your savings account without having to come to a local branch in person.

What are the features of Online Savings?
  • Account registration through online service
  • Enjoy the high APY under flexible terms and conditions while saving safely
  • Online deposit and account management
  • Privacy and Independency
  • NO Entry free

Deposit interest rate:

# Account type Term MNT USD EUR GBP JPY CNY AUD
1 Demand - 3.60% 1.80% 1.80% 1.80% 1.00% 1.20% -
2 Term deposit 3 months 9.00% 2.80% 2.40% 2.40% 2.40% 2.40% -
6 months 12.00% 4.00% 3.00% - - 2.64% -
9 months 12.60% 5.20% 3.36% - - - -
12 months 14.40% 5.80% 3.60% - - 3.00% -
3 Certificate of deposit - 3.6% 6.10% - - - - -

Commission fee on deposit account:

# Fee type MNT USD EUR GBP JPY CNY
1 To open a new account No fee
2 To deposit non-cash No fee
3 To withdraw cash No fee 0.3% 0.2%

In order to open an Online Savings Account, click on the "Continue" button and fill in the application form. Online Savings Service Agreement can be found at the bottom of the form, which is recommended to be reviewed and accepted before submitting your online application.

Please print out the application form and service agreement as it is required for the next step.

Note:

An online savings applicant must be 18 years old and older. Notice that it is not permitted to add co-owner.

Once you accept the agreement terms and fill out the application form, please print them both according to the instruction and send them with other required materials to the Bank by mail. /The mailing cost shall be beared by the sender/ The followings are the required materials.

Required materials:
  1. Online savings application form /please attach a photo/
  2. If you are a US citizen or legal resident or have traveled to the United States or regularly make money transfers to the United States, please download and fill out the form below and submit with your signature.
  3. A copy of foreign passport /Cover page & page with valid date/.
  4. Online savings service agreement /signature required/
  5. Official reference letter of Respondent bank
    Herein:
    • It is not required for Mongolian citizens who chose to refund by visiting a local branch in Mongolia.
    • It is required for non-Mongolian citizen.
    • Account must be under your name.
    • The following information must be included in the letter.
      • Customer information
        • First name
        • Last name
      • Account information
        • Account number
        • Bank address
        • SWIFT code
      • Bank officer
        • Full name
        • Occupation
        • Phone number
        • Email address
        • Bank address
Address to send documents:

3rd office of Golomt Bank, Bayanzurkh district, Khoroo-7, Khoroolol-15, Ulaanbaatar 13343, Contact center

Note:

If any of the materials mentioned above is missing, bank will not proceed to open an account.

Within 3 working days after receiving your documents, the following will be sent to your registered e-mail address:

  1. Account number
  2. Internet banking user ID and password
  3. A guidance of international transfers to help you deposit to your account

You can check your account balance through our internet banking service.

Please use the following details to deposit funds to your account. If you have chosen MNT account, your money will be converted using the daily exchange rate.

Beneficiary’s name: ..................................
Beneficiary’s account number: ..................................
Beneficiary’s bank: GOLOMT BANK OF MONGOLIA,
SWIFT code: GLMTMNUB

Get correspondent bank information by clicking here.

You are able to choose the account type and terms once you have deposited funds to your account.

Your money can be divided and deposited into different accounts of your preference. For example: if you have transferred total of 5000 USD, you can deposit all of it into 12 month savings account OR half of it can be deposited into 6 month savings account while the other half is deposited into 12 month savings account.