Banking Transactions

• What is the transaction limit for the beneficiaries' accounts?

Transaction limits for beneficiary accounts are set by the bank in accordance with regulatory guidelines. Contact your bank for specific information on limits

• Can beneficiaries transfer money to other accounts or banks?

Yes, you can transfer money to other accounts within the same bank or to different banks, subject to transaction limits and fees

• Can a debit card be used for governmental bills?

KRG is working to implement multiple bill collection services in the near future. All citizens and residents will be notified, as soon as such services become available

• Can beneficiaries deposit checks into their own accounts?

Yes, check deposit services are available for beneficiary accounts. Contact your bank for details on how to deposit checks

• Can beneficiaries withdraw all their salary at once?

Yes, employees have the flexibility to withdraw any amount of their salary at any time, as long as it is within their account balance

• Can beneficiaries withdraw their salary in USD as well or only IQD?

Withdrawals of your salary can be made in IQD at all ATM locations. Certain banks may provide ATMs at specific locations (e.g., airport), where you can withdraw a in USD, however, it's important to note that exchange fees may be applied