Current Account

The credit policy of our bank and the services provided by the bank:

1. Current Account (individuals):

a. Eligibility: An Iraqi Citizen and Iraqi Residents above 18 years of age

b. Type of Account: Individual, Joint accounts or Minor Accounts under Guardianship.

c. Documents needed (Iraqi Citizens):

i. National ID

ii. Residency card

iii. Valid passport (If Any)

iv. Civil Status ID

v. Two recent photos

d. Documents needed (Non Iraqi Citizens):

i. Valid Passport

e. A current account can be opened by a minor (person under 18 ) according to the following procedures:

i. A natural custodian (the father, grandfather, great grandfather are custodians for their children and grandchildren) can open and operate the account on behalf of the minor.

ii. Court appointed custodian on providing legal documents accredited by the court

f. An account can be opened for an illiterate or a blind person. His/Her thumb impression/signature in the presence of two independent witnesses.

g. An account can be opened for a veiled woman, after completing all necessary recognition conditions.

2. Current Accounts (Local Companies)

a. An account can be opened in name of a company after providing the following:

i. License of incorporation issued by competent government authority.

ii. Memorandum of association certified by a competent authority.

iii. A copy of articles of association.