RTB |

Account Opening and Eligibility

The Savings Account is available in Iraqi Dinar (IQD)
The account is open to both citizens and residents of Iraq.
A starting minimum balance of 1,000,000 IQD is required to participate in the Monthly Salary, First Deposit Match, and Double Your Balance draws.
A minimum balance of 3,000,000 IQD is required to qualify for the Semi-Annual Salary draw.

Instead of standard fixed returns, the Savings Program is designed to reward balanced growth through randomized draws. There is no guaranteed profit, the program operates strictly on a random draw basis where increasing deposit amounts increases your chances of winning.
The core program guarantees 100 winners annually across the following structures:
- Monthly "6-Month Salary" Prizes (72 Winners): 6 winners per month receive 666,000 IQD monthly for 6 months (Totaling 3,996,000 IQD per winner). Requires a 1,000,000 IQD minimum balance held for 30 days.
- Semi-Annual "Full-Year Salary" Prizes (4 Winners): 2 winners every six months receive 1,000,000 IQD monthly for 12 months (Totaling 12,000,000 IQD per winner). Requires a 3,000,000 IQD minimum balance held for 90 days.

Chances are calculated at the customer level, not per individual account. Each fresh fund increase provides additional chances (e.g., every 1M IQD increase = 1 monthly chance, every 3M IQD increase = 1 semi-annual chance), up to a strict maximum cap of 10 chances per customer per category. Internal transfers between a customer's own accounts do not generate new chances.
Funds can be deposited and withdrawn through local and international bank transfers. A MasterCard is provided, allowing global access to ATMs and purchases. A checkbook can be issued upon request. Account statements are available via electronic banking app statements or paper statements collected from bank branches.

No charges for opening a Savings Account.
ATM Withdrawal Fees are Free at RTB ATMs. Fees for ATM withdrawals from other banks depend on the respective bank.
Additional charges may apply for checkbook issuance, card replacements, or overdraft penalties (refer to the fee schedule available at bank branches or online).

Eligibility for any prize draw is determined strictly based on the lowest balance maintained during the required holding period (30 or 90 days). If the account balance drops below the required minimum threshold for even a single day during the holding period, the account is automatically disqualified for that draw or prize cycle.
Frozen accounts, closed accounts, or accounts subject to legal action, seizure, or judicial attachment are completely blocked from participating in the program.

Account management is available through online banking, and a network of ATMs.
SMS banking is utilized for real-time transaction updates.
All accounts undergo continuous Know Your Customer (KYC) updates and strict Anti-Money Laundering (AML) screenings before any prize eligibility is finalized.

Customers must ensure the accuracy of all account details during the application process and promptly communicate updates to personal information.
Account holders must manage their balances carefully to avoid dropping below the program thresholds during active holding cycles to preserve their draw chances.
A customer who wins any prize under this program is automatically excluded from all subsequent draws within the same calendar year to ensure fair distribution.

RTB reserves the right to amend, suspend, or terminate the program or any of its prize mechanisms in accordance with business needs and regulatory instructions, with prior notice where applicable.
The Bank retains the full right to verify balance continuity, review fund sources, and deny final winner announcements until all internal compliance approvals are met. If requirements are breached, the Bank may select an alternative winner without obligation.
Prizes are paid monthly, cannot be transferred to others, and are not available as a single upfront cash payment.

This program and all associated savings accounts are strictly subject to the regulations and instructions of the Central Bank of Iraq.