Trade and Development Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Trade and Development Bank is a Mongolian bank for residents who want everyday banking plus interest on savings in one place. The current account charges MNT 500 a month while the site median is €0, and its savings balance pays 3.66% to 6.8% on MNT 5,000.
Key facts
- Best for
- Everyday banking in Mongolia with interest paid on the savings balance.
- Monthly fee
- MNT 500↗
- Currencies
- 3↗
- Local account details
- IBAN↗
- Transfer fee
- Own-account MNT transfer 300 MNT up to 5,000,000 MNT and 500 MNT above; free between own accounts via online banking↗
- Legal entity
- Trade and Development Bank of Mongolia LLC↗
- Headquarters
- Mongolia↗
- Founded
- 1990↗
- Support channels
- Phone, Email, Chat, Help-centre↗
- Features
- Digital-only
- Official website
- tdbm.mn
Savings
Money transfer
Facts checked September 26, 2026, 7 sources
Apps and profiles
Pros and cons
Pros
- The easy-access savings balance pays 3.66% to 6.8% at a variable rate, with interest credited monthly.
- Transfers go out to bank, cash pickup and card and arrive in 1-3 business days.
- Support runs on phone, email and chat, and local account details include an iban.
- It has been trading since 1990 in its home market.
Cons
- The current account charges MNT 500 a month while the site median is €0.
- Currency choice is thin at 3, ranked 227 of 379 brands on currencies.
- Own-account tugriks transfers cost more above a set ceiling, while transfers between own accounts stay free online banking.
Who it suits
- Mongolian residents who want a current account and a savings balance at the same bank.
- Anyone sending money that lands in 1-3 business days to a bank account, a cash pickup point or a card.
- Customers content with a variable rate and monthly interest crediting rather than a fixed return.
Who should look elsewhere
- PayPal Colombia, which charges a monthly fee of $0 rather than MNT 500.
- Skrill, whose monthly fee is €0, for anyone who wants a wallet rather than a current account with savings.
- eToro, at a monthly fee of £0, if the 3 currencies here are too few for your bills and travel.
Rates and card terms
The savings balance pays 3.66% to 6.8% at a variable rate. A variable rate means the return moves with the bank's own pricing rather than a number locked in when the account opens, so the figure on offer now is the figure worth comparing across brands. Interest is credited monthly, which keeps the balance earning between withdrawals without any commitment to leave the money in place.
The company behind it
The account is run by Trade and Development Bank of Mongolia LLC, headquartered in Mongolia and founded in 1990, so it is a domestic institution rather than an overseas branch. The Bank of Mongolia is the regulator. Day to day help runs on phone, email and chat, and that operating history in the home market is long.
How Trade and Development Bank compares
9.3 vs 8.7
9.3 vs 8.6
9.3 vs 8.0
9.3 vs 8.9A monthly fee of £0, and worth weighing if 3 currencies is too narrow for your bills.
9.3 vs 9.1
9.3 vs 9.2
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 9.0A monthly fee of €0, for a wallet rather than a current account that also carries savings.
9.3 vs 8.7
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.3
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.9- 9.3 vs 8.9
9.3 vs 8.7
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.4
9.3 vs 8.3
9.3 vs 8.2
9.3 vs 8.1- 9.3 vs 8.1
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 9.1
Where Trade and Development Bank is available
- Available
- Mongolia
- Licence in Mongolia
- Bank of Mongolia, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does a current account cost at Trade and Development Bank?+
The current account charges MNT 500 a month, where the site median is €0. Transfers between your own accounts cost nothing through online banking, and an own-account tugriks transfer is cheaper within a set ceiling and dearer above it, so the tier you transact in shapes the bill.
How much interest does the savings balance pay?+
The savings balance pays 3.66% to 6.8% at a variable rate. Because the rate is variable rather than fixed, the return follows the bank's pricing and is not locked in at opening, which is the point of comparison against the site median of 3%.
Can I withdraw money whenever I want?+
Yes. The account kind is easy access, interest is credited monthly, and money can be taken out whenever the customer wants. Funding the balance takes MNT 5,000 as the minimum, so the entry point is modest and there is no fixed term to serve.
Who regulates the bank?+
The account is run by Trade and Development Bank of Mongolia LLC, which is headquartered in Mongolia and founded in 1990. Its regulator is the Bank of Mongolia, so the money sits with a domestic institution rather than a foreign branch.
How fast are transfers and where can the money land?+
Transfers arrive in 1-3 business days. The money can go out to bank, cash pickup and card, so a recipient can be paid into a bank account, collected in cash or paid to a card, depending on what suits the person receiving it.
What card do I get and how many currencies can I hold?+
The card on offer is digital only, meaning it is issued and used digitally rather than posted out. Currency coverage stands at 3, which is the main limit for anyone billing in several currencies or travelling with a mixed wallet.
How do I get help if something goes wrong?+
Support runs on phone, email and chat, so a question can be raised by phone or in writing, with a self-service help centre for the routine ones. The range of channels matters most when a transfer is the thing that has gone wrong.
Sources
- en.wikipedia.org/wiki/Trade_and_Development_Bank_of_Mongolia checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Licences
“Founded October 19, 1990”
- tdbm.mn/en/retail/moneygram/shimtgel checked September 26, 2026
Backs: Fee to send 1,000
“Retail MoneyGram fee: transfer amount 750.01 - 1 000.00 $ = transaction fee 40 $”
- tdbm.mn/mn checked September 26, 2026
Backs: Local account details, Support channels
- tdbm.mn/mn/retail/cards/debit/virtual-kart/virtual-viza-kart checked September 26, 2026
Backs: Currencies, Features
- tdbm.mn/mn/retail/current-account/hariltsah-dans checked September 26, 2026
Backs: Monthly fee, Transfer fee
- tdbm.mn/mn/retail/savings/khugacaaguy/khugacaaguy-khadgal... checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type
- tdbm.mn/mn/retail/swift-gadaad-shiljuuleg checked September 26, 2026
Backs: Delivery time, Payout methods
“An international transfer is executed within 1-3 working days via the correspondent or intermediary banks (SWIFT international transfer)”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.
Related by the facts
Trade and Development Bank
Everyday banking in Mongolia with interest paid on the savings balance.