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Send money from Mongolia to United States
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
Alternative for Mongolia to United States
While you can’t send MNT to USD with Wise, you can transfer USD to USD.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Best way to send money to US from Mongolia: MoneyGram cash transfer
Based on our comparisons and analysis, we found that very few providers currently support MNT to USD transfers online.
Because of this limited coverage, the most reliable option is to send cash through a MoneyGram Agent.
Transfer fees vary depending on your location and the amount you send, but in most cases you can expect to pay around 3 MNT per 900,000 MNT transferred.
Before sending, check with your local branch or the MoneyGram website to confirm which deposit methods are available for you (it can be online deposit or cash in-store).
How to to send from Mongolia to United States in the best way
Always compare rates
Money transfers to United States should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Mongolia to the United States.
Choose a provider
Select the provider that offers you the best value on your Tugrik & service for your needs.
Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to the United States.
Summary of recent searches
Get the most from sending money from Mongolia to United States
Compare providers
Comparing providers offering services between Mongolia and the United States based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire MNT-USD market and have compared 3 providers offering services between Mongolia and the United States.
This ensures you will get the most comprehensive options for sending Tugrik to the United States.
Whilst we rate Western Union Agent as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Mongolia to the United States transfer needs.
Beat the Tugrik-US Dollar exchange rate
Choose the right payment method
Financial regulations across Mongolia and United States
Consider minimum and maximum limits
Receiving money in United States
Be ready with your ID
Tax declarations
The fastest way to to send MNT to US is using PayPal (P2P Transfer)
If you and your recipient both have the PayPal app, the transfer is instant.
However, the withdrawal time from the PayPal account to the bank account or mobile wallet could take some time (from minutes to couple of days depending on the amount and account status).
With the limited MNT/USD transfer options, this is one of the fastest options you have.
Alternatively, you may want to consider sending cash via Western Union or MoneyGram.
The fastest way to send money to Nigeria from Pakistan is to use cash transfer via Western Union Agent
In most cases cash transfers with Western Union are instant, and your recipient will be able to collect USD in minutes.
However, depending on how much you send, it can take a bit longer (up to a day) due to the processing time.
With the limited number of money transfer companies servicing MNT/USD, cash transfer with Western Union is the fastest way.
Sending large amounts of money
Of the 3 companies compared, Western Union Agent has the strongest option for large transfers from Mongolia to the United States.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from Tugrik to US Dollar.
The Western Union Agent rate makes them great for large transfers between the United States and Mongolia.
Understanding the cost of money transfers from Mongolia to United States
The total cost of sending money to United States from Mongolia is made up of a combination of mid-market, exchange rates and fees.
The Mid-Market and Exchange Rates: The current mid-market for MNT-USD is 0.0003 USD per Tugrik.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more US Dollar for your Tugriks.
Over the last 7 days, the average MNT-USD mid-market rate has seen each Tugrik worth 0.0003 USD. Within this we see a high of 0.0003, and a low of 0.0003.
Of the 3 companies compared, Western Union Agent offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting MNT to USD.
Fees: When sending money you may have to pay fees. Western Union Agent costs 3 MNT per transfer at the moment, which is the cheapest option of the 3 providers compared. We would recommend searching to ensure you get the correct fee for your transfer amount.
Amount Received: When comparing providers, the best measure is the amount of US Dollar eventually received in the United States.
This number should be a guide for your decision if cost is important. A higher amount of money received in the United States means a better overall cost of sending money from Mongolia.
Getting best exchange rate for sending Tugrik to US Dollar
Timing is essential when tracking the mid-market rate between MNT and USD. The end exchange rate you secure impacts how much USD you get for your MNT.
The recent mid-market rate trends are:
Over the past 7 days, the mid-market rate from MNT to USD was 0.0003.
During this period, it hit a high of 0.0003, and a low of 0.0003.
Western Union Agent, which is our recommended service to send money online from Mongolia to the United States offers an exchange rate that is only 5% above the mid-market rate.
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Paying for your Mongolia to United States transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Mongolia to the United States.
By using a money transfer company such as Western Union Agent for transfers from Mongolia to the United States, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Western Union Agent is the cheapest provider for bank transfers from the 3 we tested when sending MNT to the United States.
With a fee of 3 MNT to send money from Mongolia to the United States, Western Union Agent offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Mongolia to the United States with a debit or a prepaid card is easy with Western Union Agent.
Western Union Agent is a one of the better options in the market for international debit card transfers from Mongolia to the United States.
Credit cards
Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.
We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United States and Mongolia.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Mongolia to United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MNT to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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