Partner link
Jetonbank
Digital Banking
View providerJetonbank (opens in a new tab)Ulaanbaatar, Mongolia
Compare digital bank accounts, business banking, international money transfers, currency exchange and investing services available to residents of Ulaanbaatar.
Featured provider links
Digital Bank Networks may earn a commission when you open an account through partner links. This does not affect the price you pay. Read our affiliate disclosure.
Partner link
Digital Banking
View providerJetonbank (opens in a new tab)Partner link
Money Transfers
View providerRemitly (opens in a new tab)Partner link
Crypto Accounts
View providerNexo (opens in a new tab)Partner link
Business Banking & Payments
View providerWorldFirst (opens in a new tab)Partner link
Business Banking & Payments
View providerRevolut Business (opens in a new tab)Partner link
Global Payments
View providerPayoneer (opens in a new tab)These are partner links and we may earn a commission. Availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction. Crypto-related products are volatile and can lose value. Confirm current terms directly with each provider.
Featured banking services
The five services people in Ulaanbaatar compare most on Digital Bank Networks. Each one links to the providers we feature and to a full comparison for Ulaanbaatar.
A digital bank account lets people in Ulaanbaatar, Mongolia open and manage an account from a phone, without visiting a branch. If you earn or spend in MNT (Mongolian tögrög (tugrik)), compare whether each provider gives you local account details or only an international IBAN.
Before you sign up
Mongolia has no IBAN registry entry: account numbers are bank-specific numeric formats assigned by each licensed bank, and international transfers are keyed to the receiving bank's SWIFT/BIC plus the beneficiary account number. Confirm the provider is authorised by Bank of Mongolia (Mongol Bank) or passported into Mongolia.
Business banking in Ulaanbaatar, Mongolia covers company accounts, payment cards for staff, invoicing and paying suppliers abroad. Freelancers, startups and exporters in Ulaanbaatar often use a digital business account alongside a local bank.
Before you sign up
Banks are licensed by the Bank of Mongolia under the Banking Law, and non-bank payment service providers must be authorised under the national payment system framework. Mongolia is outside any passporting bloc, so each provider serving Mongolian customers needs its own local authorisation. Check the Bank's published licence registers before holding tugrik balances with a provider. Ask what company documents the provider needs for a business registered in Mongolia.
Money transfer services let people in Ulaanbaatar, Mongolia send money abroad or receive it in MNT (Mongolian tögrög (tugrik)). The real cost is the fee plus the gap between the provider's exchange rate and the mid-market rate, so compare both.
Before you sign up
The Bank of Mongolia operates the interbank payment system for clearing and settlement, and domestic card payments run through the national card switch used by Mongolian banks; day-to-day digital payments are strongly app-based, with SocialPay (the Bank of Mongolia's QR payment platform) and bank super-apps handling QR payments and wallet transfers. QR-code acceptance is widespread in Ulaanbaatar, and card acceptance thins out quickly outside the capital.
Global payment accounts help people in Ulaanbaatar, Mongolia get paid by clients, marketplaces and platforms in other countries, then convert the money into MNT (Mongolian tögrög (tugrik)). They are popular with freelancers, online sellers and remote workers in Ulaanbaatar.
Before you sign up
Check which currencies you can receive, the conversion fee to MNT (Mongolian tögrög (tugrik)), and the withdrawal fee to a local account in Mongolia.
Crypto accounts let people in Ulaanbaatar, Mongolia buy, hold and in some cases earn interest on digital assets, and convert back to MNT (Mongolian tögrög (tugrik)). Crypto rules differ widely by country and change often.
Before you sign up
Check whether the platform is registered with Bank of Mongolia (Mongol Bank) or another authority that oversees crypto in Mongolia. Crypto is volatile and is usually not covered by deposit protection.
Featured providers may include partner links that earn us a commission at no cost to you. Availability and terms depend on your residency in Mongolia; confirm details with each provider.
Local banking essentials
Banks are licensed by the Bank of Mongolia under the Banking Law, and non-bank payment service providers must be authorised under the national payment system framework. Mongolia is outside any passporting bloc, so each provider serving Mongolian customers needs its own local authorisation. Check the Bank's published licence registers before holding tugrik balances with a provider.
Check Bank of Mongolia (Mongol Bank)(opens in a new tab)Mongolia has no IBAN registry entry: account numbers are bank-specific numeric formats assigned by each licensed bank, and international transfers are keyed to the receiving bank's SWIFT/BIC plus the beneficiary account number.
Local currency: MNT (Mongolian tögrög (tugrik))
The Bank of Mongolia operates the interbank payment system for clearing and settlement, and domestic card payments run through the national card switch used by Mongolian banks; day-to-day digital payments are strongly app-based, with SocialPay (the Bank of Mongolia's QR payment platform) and bank super-apps handling QR payments and wallet transfers. QR-code acceptance is widespread in Ulaanbaatar, and card acceptance thins out quickly outside the capital.
Our original directory of financial services, listed category by category in editorial order. Availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction. Confirm details directly with the provider.
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More services
Explore the remaining banking categories available in Ulaanbaatar.
Disclosure
Digital Bank Networks is a financial comparison platform, not a bank. We may receive compensation when users click links or open accounts with our partners. This never affects which providers we list or how we describe them. All services are provided by licensed financial institutions; availability, eligibility, pricing and product terms vary by provider, residency and jurisdiction.