Golomt Bank of Mongolia SWIFT/BIC code

Golomt Bank of Mongolia SWIFT code: GLMTMNUB

Whether you are given GLMTMNUB or GLMTMNUBXXX, it is the identical address for Golomt Bank of Mongolia in Mongolia. A SWIFT code tells the sending bank exactly which bank should receive the money, much like a postcode for banks. It comes up mainly for transfers between countries or a currency.

On this page you can read how the code is put together, when you need it and what else you need for a transfer to or from Golomt Bank of Mongolia. The SWIFT code on its own does not identify a personal account; that is what the IBAN or account number is for.

How to check GLMTMNUB before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. If the code you have differs from GLMTMNUB or GLMTMNUBXXX, stop and ask – contact the recipient or Golomt Bank of Mongolia.

If the code is wrong, the transfer may get stuck, be returned or end up costing more, and tracing it can take weeks. Do not forget the account number: a mistake there is more difficult to undo than a wrong code.

A format check in your banking app merely tells you that the IBAN exists, not that it is the right account. More and more banks check the name against the account. Sending a small amount first can be worth it for large sums, even if it costs an extra fee.

What the XXX in GLMTMNUBXXX means

The structure of a BIC never changes: four characters for the institution, two for the country and a two-character location code. In this case, the 8-character core is GLMTMNUB.

XXX at the end of GLMTMNUBXXX does not stand for a missing value or an error: it stands for the head office of Golomt Bank of Mongolia. Certain payment forms insist on 11 characters, in which case you can enter XXX behind GLMTMNUB.

Type the code in one piece, in capitals and without spaces, exactly as shown here. Watch for the letter O and the digit 0 and the letter I and the digit 1.

Paying someone abroad from your Golomt Bank of Mongolia account

What you pay for a payment abroad has several parts. You pay the transfer fee, possibly charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

The markup on the rate tends to be the largest cost, and it is easy to miss. A simple test: put the rate you get against the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay compares these services side by side so you can see the amount the recipient gets before you commit. You can still keep your account at Golomt Bank of Mongolia; only the conversion and sending happen elsewhere.

About this information

We collect bank codes using publicly available data and check them regularly. It can happen that a code here is no longer current, for example after a merger. Counts and locations are from our directory and are not confirmed by Golomt Bank of Mongolia.

For a payment that matters, check the BIC with Golomt Bank of Mongolia or the recipient. We are a comparison site for money transfers and not part of Golomt Bank of Mongolia. If you notice a mistake, we welcome a short note via the contact page.

What to give a sender who pays you at Golomt Bank of Mongolia

To receive an international payment at Golomt Bank of Mongolia, the person paying you needs not just the BIC. The basics are: your name, IBAN or account number, GLMTMNUBXXX or GLMTMNUB and, for some countries, your postal address.

Their bank may also ask for the bank address of Golomt Bank of Mongolia. A mistake in your account number can be harder to fix than you might think, so copy the details from your online banking.

Money from abroad will not always arrive in full. Intermediary banks may deduct a fee, Golomt Bank of Mongolia may charge for incoming payments, and if the money is converted, an exchange rate margin applies. Agree with the sender who covers the fees before the money is sent.

Golomt Bank of Mongolia: head office code versus branch codes

Golomt Bank of Mongolia uses 2 separate SWIFT/BIC codes across 1 cities. Only one is the head office code; the others identify branches, and sometimes internal departments.

In most cases there is no need to pick a branch: payments sent to GLMTMNUBXXX reach Golomt Bank of Mongolia correctly. Branch codes are only needed if the account holder specifically mentions it.

Not sure which code applies? Check with the recipient. Codes can change over time, so do not rely on old paperwork.

Transfer times and tracking a payment to Golomt Bank of Mongolia

There is no fixed delivery time: some arrive the same day or the next. Weekends and public holidays in either country add extra days to the journey. Compliance checks by one of the banks may also add a delay.

When a payment takes longer than expected, contact the sending bank about the status and the transaction reference. Save the payment confirmation until the money has arrived.

A missing payment is investigated by the sending bank. Request from the sender the payment receipt including the reference.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a message saying that a contact has a new bank account and asking you to pay there from now on. That GLMTMNUB is a real code does not mean that the account is genuine; criminals use the codes of real banks too.

Do not trust a phone number from the same email that announces the change. Pressure or secrecy tend to be warning signs; a genuine business can wait for you to check. Already paid? Call the bank you paid from straight away and have them try to recall the payment.

People receiving money can be targeted as well: a classic trick is an overpayment followed by a request to refund the difference. A screenshot of a transfer is no proof – check your own account.