Name of the Organization : Rasheed Bank
Type of Facility : Credit or Debit IQD or USD current accounts
Country : Iraq
Official Website : http://rasheedbank.gov.iq/
Credit or Debit IQD or USD current accounts :
They are credit or debit IQD or USD current accounts , depending on their nature, opened by by natural or artificial persons based on their requests; under which cash, check or bills are deposited in those accounts so as to perform checks drawn by them on those accounts to finish their various businesses.
Related : Rasheed Bank Iraq Request for IQD & USD Deposits Iraq : www.statusin.org/5644.html
Description of Services :
An opening request is submitted based on a request of natural or artificial persons and a specific form. Also, there is the card of opening account and the general ledger , as the customer signature on the form, card and record is obtained before the competent employee; who confirms that. Then it is referred to categories A and B signatories to be examined and signed, knowing that the form, under which the request is submitted for the first time, is referred to the branch manager to have his/ her signature and approval to open the account after meeting the customer. As to opening state institution accounts, a letter is issued by the Cash Accounting Office, Ministry of Finance,
Procedures :
Official documents of natural persons and companies (articles of incorporation, Minutes of a meeting, Certificate of incorporation, corporation balance sheet, tax settlement) and official letters of establishment of state institution accounts are obtained . Authentication of issuance of those documents submitted to the Bank are obtained.
Document Required :
The legal framework and conditions are those set out in the paragraphs of the Form for Opening Account, in addition to the applied Law of Commerce and regulations of the Central Bank of Iraq. A check could not be made unless there is consideration; otherwise the account is closed and referred to the legal accountability. This can be distinguished if the making of the check is neglected for the first time and based on the powers of the branch manager and the Head Quarters of the Bank and according to the regulations sent to us by the Central Bank of Iraq. The closing of the account is circulated to all the licensed banks and the Central Bank of Iraq, telling them not to open a new account for that customer.
Legal Framework :
Fees and commission defined at the Bank Fees’ List are charged, regarding costs of printed matters, check books for opening and closing.
About Us :
Al Rasheed Bank was established under Law No. (52) for the year 1988. It is subject to the Public Companies Law No. (22) for the year 1997 and on 4/12/2001 the capital of the Bank became two billion Iraqi Dinars.
The Rashid Bank aims to support the national economy through its functions, With the following :
1- Comprehensive commercial banking
2 – Investment of money at home and abroad
3. Financing all economic sectors according to development plans
4 – Providing banking services in the field of internal transactions of current accounts and savings and fixed deposits and grants advances and miscellaneous loans (in dinars and foreign currency) and credit facilities for individuals and companies.
Contact Us :
Al Rasheed Bank
General Administration
Al Rasheed District, Mahalat 110, Street 25
Pour. Postal Bab Al – Mu’amaz – Baghdad – Iraq
Swift