Savings Account

Account Opening and Eligibility

• The Savings Account is available in Iraqi Dinar (IQD), US Dollars (USD), or Euros (EUR).
• The account is open to both citizens and residents of Iraq.
• A minimum opening balance of 250,000 IQD, $167, or €167 is required.

Account Features

• Earn competitive interest rates on your savings.
• Funds can be deposited and withdrawn through local and international bank transfers.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.

Fees and Charges

• Account opening fee: No charges for opening a Savings Account.
• ATM withdrawal fees: 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).

Interest Rates

• Competitive interest rates are calculated based on the account balance and currency type.
• Interest is credited monthly or quarterly, depending on the bank's policy.
• If the account balance falls below the required minimum, interest will not be accrued for that period.

Account Management

24/7 account management is available through:

• Online banking and mobile app.
• SMS banking for real-time transaction updates.
• A network of ATMs.

Customer Obligations

• Customers must ensure the accuracy of all account details during the application process.
• Any updates to personal information (e.g., contact details) must be promptly communicated to the bank.
• Account holders are required to maintain the minimum balance to ensure interest accrual.

Bank's Rights

• The bank reserves the right to modify terms, conditions, and interest rates with prior notice to account holders, as per regulatory guidelines.
• Accounts with no activity for six months may become inactive, and fees could be charged unless the account is reactivated.

Governing Laws

• The laws of Iraq and the Kurdistan Regional Government govern savings accounts.

Contact Us

For inquiries or further assistance, visit your nearest RTB branch or contact us:

• Phone: 0662110010
• Email: info@rtb.iq