Guide to SWIFTBIC Codes for International Transfers in Mongolia

Published: 09/02/2025
SWIFT Code Mongolian Bank International Money Transfer
This article serves as a guide to finding SWIFT/BIC codes for banks in Mongolia. It explains the meaning of SWIFT/BIC codes and how to locate them. The guide provides a list of SWIFT/BIC codes for major Mongolian banks, assisting users in ensuring accurate international money transfers. It emphasizes the importance of verifying the accuracy of the codes and reminds users to be aware of potential transaction fees. This information is crucial for smooth and reliable international banking operations involving Mongolian banks.
Guide to SWIFTBIC Codes for International Transfers in Mongolia

International money transfers can be fraught with complications—a single minor error may lead to delayed or even lost funds. When sending money to Mongolia, accurately providing the SWIFT/BIC code is particularly crucial. How can you quickly and reliably locate these codes to ensure smooth transactions?

This guide provides comprehensive information on locating SWIFT/BIC codes for Mongolian banks, helping you conduct secure and efficient international transfers.

Understanding SWIFT/BIC Codes

SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes, also known as BIC (Bank Identifier Codes), are standardized identifiers used by financial institutions worldwide. These codes function as unique "passports" for banks, ensuring international payments reach their intended destinations.

How to Find SWIFT/BIC Codes for Mongolian Banks

There are several reliable methods to locate these critical codes:

  • Online search tools: Numerous platforms offer SWIFT/BIC code lookup services. Users can typically search by bank name or location to retrieve the necessary information.
  • Bank websites: Most Mongolian financial institutions publish their SWIFT/BIC codes in the "About Us," "Contact," or "International Services" sections of their official websites.
  • Customer service: Contacting a bank's customer support team directly remains the most reliable method to obtain accurate SWIFT/BIC information.

SWIFT/BIC Codes for Major Mongolian Banks

While codes may vary by branch, here are some of Mongolia's primary financial institutions:

  • Khan Bank JSC: As Mongolia's largest commercial bank, its SWIFT/BIC code is essential for most financial transactions.
  • The Bank of Mongolia: The country's central bank requires specific codes for government-related transfers.
  • Arig Bank of Mongolia LLC: This bank's code is commonly used for international trade and letter of credit operations.
  • Development Bank of Mongolia: Important for infrastructure financing and international development projects.
  • Golomt Bank of Mongolia: A leading financial institution frequently used for cross-border commerce.

Key Considerations

When preparing international transfers to Mongolia:

  • Verify all code details meticulously—even minor discrepancies can cause significant delays.
  • Confirm whether your recipient's specific branch uses a unique SWIFT/BIC code.
  • Be aware that international transfer fees may apply, varying by financial institution.

Proper attention to SWIFT/BIC code accuracy remains fundamental for successful international money transfers to Mongolia. This guide provides the necessary framework to navigate these financial transactions with confidence.

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