DigitalBankNetworks.com
DIGITAL BANKNETWORKS

Ulaanbaatar Digital Bank · Money Transfers · Mongolia

Best Money Transfers in Ulaanbaatar

Compare money transfers providers available to Ulaanbaatar, Mongolia residents — with clear fees, features, and eligibility in one place.

Eligibility, pricing, and availability vary by provider, residency, and regulation in Mongolia. Confirm the terms directly with each provider before opening an account.

Featured Money Transfers Providers

Updated October 2026

Up to three eligible picks for Ulaanbaatar, ranked from our verified partner directory for Mongolia. Availability in Mongolia and eligibility criteria are set by each provider.

Top Pick

Wise

4.7

Top Money Transfers Provider

Wise offers reliable money transfers services with competitive rates and global coverage.

  • Global Access
  • Low Fees
  • Fast Setup

Availability in Mongolia and eligibility criteria are determined by the provider. Check terms before applying.

View provider

Remitly

4.7

Remitly offers reliable money transfers services with competitive rates and global coverage.

  • Global Access
  • Low Fees
  • Fast Setup

Availability in Mongolia and eligibility criteria are determined by the provider. Check terms before applying.

View provider

WorldRemit

4.7

WorldRemit offers reliable money transfers services with competitive rates and global coverage.

  • Global Access
  • Low Fees
  • Fast Setup

Availability in Mongolia and eligibility criteria are determined by the provider. Check terms before applying.

View provider

How we pick: providers shown here come from our verified affiliate directory filtered by availability in Asia and Mongolia, competitive fees, multi-currency support, and user ratings. Rankings may include affiliate partners — see the disclosure below.

Local guide

Money Transfers in Ulaanbaatar: what to know

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.

Currency in Mongolia
MNT · Mongolian tögrög (tugrik)
Local accounts in Mongolia
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.
Payments in Mongolia
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.

Before you sign up in Ulaanbaatar

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.

Sources: Bank of Mongolia · Bank of Mongolia: payment systems · IBAN registry: Mongolia (no IBAN entry)

All Money Transfers Providers in Ulaanbaatar

16 providers to compare, including the three featured above.

  • #4

    Instarem

    4.7

    Instarem offers instant international money transfers with competitive exchange rates, no hidden fees, and InstaPoints rewards on every transfer.

    View provider
  • #5

    Zelle

    4.7

    Zelle offers reliable money transfers services with competitive rates and global coverage.

    View provider
  • #6

    Venmo

    4.7

    Venmo offers reliable money transfers services with competitive rates and global coverage.

    View provider
  • #7

    TransferGo

    4.7

    TransferGo offers reliable money transfers services with competitive rates and global coverage.

    View provider
  • #8

    OFX

    4.7

    OFX offers reliable money transfers services with competitive rates and global coverage.

    View provider
  • #9

    CurrencyFair

    4.7

    CurrencyFair offers reliable money transfers services with competitive rates and global coverage.

    View provider
  • #10

    Paysend

    4.7

    Paysend offers reliable money transfers services with competitive rates and global coverage.

    View provider
  • #11

    CurrencyTransfer

    Better rates are only the beginning — personal & business FX

    View provider
  • #12

    Globe Digital Bank

    WorldFirst-powered multi-currency accounts and transfers across 2,500+ cities and 200+ countries.

    View provider
  • #13

    Currencies Direct

    Award-winning FX specialist since 1996

    View provider
  • #14

    Western Union

    Send money worldwide — fast, reliable, trusted

    View provider
  • #15

    Skrill

    Digital wallet for online payments, money transfers and crypto.

    View provider
  • #16

    Unplex

    Send money to India at Google rates — zero fees, earn $40 per referral

    View provider

More Financial Services in Ulaanbaatar

Explore other banking categories available in Ulaanbaatar

Money Transfers in Other Cities

Compare money transfers providers across Asia

Frequently Asked Questions

Common questions about money transfers in Ulaanbaatar

Ready to Choose Your Money Provider?

Compare the featured money transfers providers for Ulaanbaatar and open your account online.

Compare All Providers

Disclosure: Digital Bank Networks is not a bank. We are an independent comparison platform. Some of the providers on this page are our affiliate partners, and we may receive compensation when you open an account through our links. This does not affect our ratings or rankings, which are based on independent analysis. All information is provided for educational purposes only. Please review each provider's terms and conditions before opening an account.