Frequently Asked Questions

1How do I open a current account for my company at the bank, and what are the required documents for individual entities?
To open a current account for your company at the bank and provide the necessary documents, please visit one of the bank branches with the following paperwork : 1.Copy of the valid commercial registry. 2.Original ID (valid electronic card) of the owner. 3.Foreign nationals should provide a copy of the passport, a copy of the residence permit, and a statement of employment
2How do I open a current account for my company at the bank, and what are the required documents?
1.Copy of the certified articles of incorporation from the relevant authorities. 2.Copy of the company establishment resolution. 3.Copy of the latest version of the company's bylaws certified by the relevant authorities. 4.Board resolution to open the account, specifying authorized individuals and their powers. 5.Original ID (valid electronic card) of the owner and those authorized to manage the account. 6.Completion of the bank-provided account opening forms. 7.The minimum required to open the account is 300,000 Iraqi Dinars or its equivalent in other currencies. 8.The current account can be opened in the local currency or any of the approved foreign currencies.
3Can I receive notifications about transactions on my company's account via mobile phone?
Yes, you can track the latest banking transactions on your account by receiving SMS notifications about the latest transactions 24/7, wherever you are.
4What is the minimum amount required to open a current account for companies?
The minimum amount required to open a current account for companies is 300,000 Iraqi Dinars or its equivalent in other foreign currencies.
5Can I get a checkbook for my company's current account?
Yes, you can obtain a checkbook for your company's current account, but it requires authorized signatories to submit a request for a checkbook.
6When does the account become dormant, and how can it be activated?
If there is no activity (deposit or withdrawal) on the account for more than 6 months, the account becomes dormant. To activate the account, please visit the nearest bank branch or office and fill out the required form.