What information do I need to transfer money?
You will typically need:
Recipient's name and surname
Country and city of receipt
Transfer amount
Currency of receipt (if different from the sending currency)
For some services, the recipient's phone number or email address may be required
Do I need a bank account in Mongolia to send money to India?
Not necessarily. Many international services operating in Mongolia offer cash transfers to India, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Mongolia to India, an account will be required.
What is the cheapest way to transfer money?
The cost of a transfer can vary depending on the amount, chosen service, and delivery method. Online services like Wise often offer better exchange rates and lower fees than traditional banks.
Can I cancel a money transfer from Mongolia to India after it's sent?
Yes, in most cases, you can cancel a money transfer from Mongolia to India if the funds haven't yet been received in India. To do so, contact the provider's support team in Mongolia or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Mongolia and India.
