Comprehensive SME and Corporate Accounts
Flexible banking solutions designed for businesses of all sizes with multi-currency support and 24/7 access
Business Account Types
Choose the right account type for your business needs
Business Current Account
Multi-currency accounts in IQD, USD, or EUR with minimum opening of 150,000 IQD, $100, or €100. Send and receive transfers, access debit cards, checkbooks, and 24/7 online banking.
Business Term Deposit
Grow your business savings with attractive returns on 6, 12, and 24-month deposits. Available in IQD, USD, EUR. Minimum deposit: 3,000,000 IQD, $2,000, or €2,000. Auto-renewal option available.
Current Account Features
Bank Transfers
Send and receive bank transfers seamlessly within Iraq and across borders with competitive fees.
Debit Cards
MasterCard or UnionPay debit cards for cash withdrawals and payments worldwide.
Checkbooks
Request personalized checkbooks for flexible payment options and traditional transactions.
24/7 Online Access
Manage your account anytime via online banking, mobile app, ATMs, and SMS banking.
Account Statements
Choose between electronic statements via mobile app or paper statements at branches.
Multi-Currency Support
Open accounts in Iraqi Dinar (IQD), US Dollars (USD), or Euros (EUR) based on your needs.
Term Deposit Benefits
Attractive Returns
Earn competitive interest rates on deposits for 6, 12, and 24 months with interest credited at maturity.
Auto-Renewal
Deposits automatically renew upon maturity unless you provide other instructions.
Add Deposits Anytime
Make additional cash deposits during the term to increase your deposit balance.
No Account Fees
No account opening or maintenance fees apply to Business Term Deposit accounts.
Flexible Interest Options
Interest credited to term deposit or transferred to linked current or savings account.
Early Withdrawal Option
Withdrawals allowed during deposit period but result in forfeiture of accumulated interest.
Account Opening Requirements
Required documents for companies and NGOs
For Companies
To open a company account, please provide the following documents:
- Certified official company documents with recent certifications addressed to RTB
- Tax clearance certificate (valid certificate addressed to RTB)
- Audited financial statements covering the last three years
- Authorized signatory identification: Unified National ID or Civil Status ID, Certificate of Nationality, passport, proof of residence, and two personal photos
- Shareholder identification: Unified National ID or Civil Status ID, Certificate of Nationality, and passport
- Account opening request: Formal letter on company letterhead addressed to RTB
- Proof of company address: Valid lease agreement, property deed in company name, or address confirmation from local mukhtar
- Declaration of ultimate beneficial owner on company letterhead
- Proof of company activity: Examples of sales invoices or contracts with clients
- Chamber of Commerce membership: Valid membership ID
For Non-Governmental Organizations (NGOs)
Additional requirements apply for local and foreign NGOs including registration certificates, internal regulations, and approved documentation.