Current account for individuals ( Creditor )

Is a bank account whose idea depends on depositing and withdrawing cash frequently and the transaction is high and fast. The client is given a checkbook for easy dealing with the account and the withdrawal of others funds based on the signature of the account holder and these accounts are interest-free.

Benefits:

• Deposit and withdraw funds in your account as long as the account is active and there is an available balance.
• Access to a cheque book.
• Access to an ATM Card.
• Receipt of a periodic statement of account.
• Transfer and receive funds locally and internationally.
• There is no minimum balance required to open the account.
• Possibility to open a current joint account.
• Non-interest bearing account.

Saving account

A long-term bank account with bank interest on deposited money and interest calculated at the beginning of the month following the deposit of money.

Benefits:

• It can be used as a means to save or to meet short-term investment plans.
• Withdraw the money and deposit cash at any time.
• No salary is required.
• Most accounts offer a margin on the deposited balance.
• Access to a quarterly statement of account.

Fixed Deposits

Is a deposit of a certain amount of money for a specified period there will be no deposit during the period, in case the amount was withdrawn before the specified period there will be no interest.

• A fixed deposit is a low-risk investment and offers a fixed interest rate in return for leaving the deposited funds for a specified period.
• The bank agrees with the customer to determine the interest rate and maturity date on the day of opening the account.
• The applicant can break the deposit when he/she needs it, in which case the interest is not charged.

Current account for companies

Erbil Bank for investment & finance provides Special services for companies through opening a special bank account for companies which helps companies manage their business, meet their ambitions, and their banking and investment needs.

• No minimum balance is required to open the account, for Iraqi dinar or US Dollar.
• The account will open according to conditions of Central Bank of Iraq.

Account for NGOs

Erbil bank for investment & finance provides opening account for NGOs, defined as non-profit organizations that operates independently of any government.

• And it requires to obtain the approval of the Council of Ministers before opening the account.
  
  

Corporate checking account

Erbil Bank for Investment and Finance provides corporate banking services through easy terms and procedures, which is to open a corporate account through which it offers advantages that help it run its business and meet its ambitions and banking and investment needs

Features

• No balance is required to open the account, Iraqi dinar or US dollar.

• The account is opened according to the conditions of the Central Bank of Iraq.