A current account is an account with no interest, it may be opened with IQD, USD, Euro or Sterling Pound with the option of issuing a checkbook. This account has the flexibility of depositing and withdrawing easily and the facility of over-drafting. A debit card is offered with this account.
A savings account provides customers with interest depending on their balances. There are several types of savings accounts with different features and benefits to meet your needs. A debit card is offered with this account. No checkbook is offered with this account type.
A standing order is an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization. This service is provided to customers for a fee. Fees differ depending on the type of standing order, whether it is being made to a person or an organization.
A term deposit is an account where you deposit a certain base amount - it will provide you with higher interest rates than a savings account but imposes conditions on the amount, frequency, and/or period of withdrawals.
The term “bank charges” covers all charges and fees made by a bank to their customers with regards to certain services and products. These charges may take many forms such as monthly, annual or once a customer initiates a transaction or requests a service.
Withdrawals must be done by the child’s parents or legal guardian.
A debit card is a form of payment where the customer can purchase an item using money that is deposited in his bank account without the need to withdraw it in cash.
All customers that currently hold an active account with the bank qualify for a debit card. In the case of a new customer, they will receive a debit card instantly when opening the account at the branch.
The Credit Bank of Iraq Debit Cards give direct access to your account and can be used at millions of locations worldwide at ATMs, point of sales and local websites.
A prepaid card is a form of payment where you can make a purchase using money that has been loaded from your bank account.
Prepaid cards can be loaded from your bank accounts only. You can arrange this in branch or via Credit Bank of Iraq Online Banking.
The money has to be deposited into a bank account before it can be transferred to a prepaid card.
The main benefit to using a prepaid card is to provide the customer with the convenience of budgeting their spending. Prepaid cards are also more widely accepted for making Internet purchases.
You can use your prepaid card internationally or locally at points of sales, or online if the merchant accepts online payments.
Yes you can monitor your prepaid card usage either by requesting a prepaid card statement through the branch or by accessing your account on Credit Bank of Iraq Online.
You can request a prepaid card through any of the Credit Bank of Iraq bank branches.