Send Money from Korea to Mongolia

Mongolia Remittance at a Glance

What Makes Hanpass Different for Mongolia Remittance

• Official partnerDirect deposit to major bank accounts

  Through official partnerships with Mongolia's major local banks, money is deposited directly into the recipient's local account.

• Mobile walletSend with just a phone number

  Through official partnerships with LendMN and SOCIALPAY, money is deposited directly into the recipient's wallet using just their mobile number.

• Pre-fundingNo middleman costs

  Our pre-funding model bypasses intermediary banks, so the amount you send arrives in full.

Payout Methods

1. 1Bank account depositFunds are deposited into accounts at major Mongolian banks such as Khan Bank and Golomt Bank.
2. 2Mobile walletEnter the mobile number registered to the recipient's mobile wallet → funds are deposited to the wallet instantly. The recipient simply checks the app — no visit required.
3. 3UnionPayThe recipient can withdraw cash locally with a UnionPay card.

How to Send Money

1. STEP 1

   Install the Hanpass app and sign up with your passport or (Korean) Alien Registration Card — fully online, no bank visit required.

2. STEP 2

   Select the Mongolian currency under the country menu and choose a payout method.

3. STEP 3

   Enter the recipient's details (requirements vary by payout method; for bank deposits, enter the recipient's name, mobile number, and account number).

4. STEP 4

   Review the total cost and applied exchange rate, then send.

Limits & Documents

You can send up to USD 50,000 per year without supporting documents (combined across all financial institutions, based on Korea's 2026 Foreign Exchange Transaction Regulations). Signing up requires only a passport or (Korean) Alien Registration Card, and you can fund your transfer via mobile/internet bank transfer, ATM, or telebanking.

Frequently Asked Questions