What are app-based banks?
App-based banks, also known as online banks, have revolutionized the way we manage our finances. But what are they?
Read moreYou do not need to know when the bank branch closes. Get all financial services remotely from your mobile phone.
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M Bank, a pioneering financial entity in Mongolia, embodies the fusion of innovative banking with user-centric services. This institution is celebrated for revolutionizing the Mongolian financial landscape through a mobile banking platform that merges convenience, efficiency, and comprehensive financial solutions. Designed to cater to the modern consumer's needs, M Bank provides a secure, intuitive, and accessible banking experience, enabling customers to effortlessly manage their finances anywhere and anytime.
The bank's commitment to excellence is evident in its robust security protocols, ensuring the utmost protection of clients' assets and personal data. M Bank's dedication extends beyond banking services, emphasizing community engagement and sustainable growth. By championing financial literacy and inclusion, they contribute significantly to Mongolia's socio-economic development, reflecting a deep-rooted commitment to fostering a resilient and prosperous society.
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App-based banks, also known as online banks, have revolutionized the way we manage our finances. But what are they?
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Read moreStill have a few things you'd like to clear up? We've put together the following simple answers to questions frequently thought, but rarely asked.
M Bank, a pioneering financial entity in Mongolia, embodies the fusion of innovative banking with user-centric services. This institution is celebrated for revolutionizing the Mongolian financial landscape through a mobile banking platform that merges convenience, efficiency, and comprehensive financial solutions. Designed to cater to the modern consumer's needs, M Bank provides a secure, intuitive, and accessible banking experience, enabling customers to effortlessly manage their finances anywhere and anytime.
The bank's commitment to excellence is evident in its robust security protocols, ensuring the utmost protection of clients' assets and personal data. M Bank's dedication extends beyond banking services, emphasizing community engagement and sustainable growth. By championing financial literacy and inclusion, they contribute significantly to Mongolia's socio-economic development, reflecting a deep-rooted commitment to fostering a resilient and prosperous society.
M bank is currently available for residents of the following countries:
MongoliaNo matter where you are, at home or abroad, you can access your M bank account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Opening an account with M bank is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. M bank doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Another main reason to use M bank is the low (or no!) fees. M bank has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, M bank offers zero fees on all transactions, including purchases made overseas!
M bank = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With M bank everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.