It is easy to send money to Mongolia using one of the many online services. These online money transfer services are free to join and usually have no ongoing account keeping fees like many banks tend to charge. With many of these services you can transfer into the local Mongolian tugrik currency.
PayPal is one example of an email money transfer service that allows you to send money online to Mongolia and many other countries.
Skrill is another popular choice for people who want to email money online to family and friends in Mongolia.
Best Way To Transfer Money
Perhaps the best way to transfer money between Mongolia and other countries is no longer an email type service. Wise is a very efficient way to move funds from one bank account to another. They specialise in cross-border money transfers with fees much lower than banks.
Countries are sometimes known by their full names for financial transactions. Therefore Mongolia can be known as Mongolia for official purposes. If you’re in any doubt it might help to quote the ISO 3166 code of MN.