Savings accounts
Allows opening savings accounts as:
1. Natural persons (individuals) adults, individually or jointly.
2. Minors, with the consent of the guardians , are allowed to marry a person who is 15 years of age and has been authorize by the court to open an account on his/her own account.
3. Associations, clubs and non-profit organizations, provided that the statute/rules permit this. You must also be eligible to open these accounts in accordance with the instructions of the central bank of Iraq.
These accounts are entitled to profits and bear the investment trust, the account holder may be charged commissions or fees for managing the account or providing banking services to them.
Requirements for opening personal account (ongoing, provisioning, fixed deposit):
· Civil status identity (phosphorus triangle).
· Certificate of Iraqi nationality (phosphorus triangle)
· National card.
· Iraqi passport valid (more than 6 month’s date of completion).
· Information card or housing card or ration card (Erbil) or residence.
· (2) photos and 3 for savings.
· The identity of work or support work (source of fund).
· Minimum balance when opening an account (first deposit) $ 250, 300,000 dinars or 200 euros or 200 pounds.
· The cost of the account opening for individuals (15,000 IQD or 15USD or 15 Euro or 15 GBP).
· Receipt of the savings letter in the case of opening the savings account (15,000 IQD or 15USD or 15 Euro or 15 GBP)
Requirements for opening account for foreign nationalities (non-Iraqis):
· Passport valid for the original copy (more than 6 months on the expiry date).
· Residence (original version).
· (2) Photo for the current account and 3 photos of the saving account.
· The identity of work or support of work (source of funds).
· Minimum balance when opening an account (first deposit).
· Minimum balance when opening an account (first deposit) 250 USD or 300,000 Dinars or 200 euros or 200 pounds.
· Cost of account opening forms for individuals (15,000 IQD or 15USD or 15Euro or 15 GBP).
· Receipt of the savings letter in the case of opening the savings account (5,000 IQD; 5 USD; 5 EUROS; 5GBP).