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Fees and Charges

Fees and Charges of First Iraqi Bank for 2026

Current and Savings Accounts

Services
Fee in IQD
Note
Commission for opening an account
Free
–
Commission for account Closing
Free
–
Commission for reopening a closed account
Free
According to customer’s request
Commission for reactivating a dormant account
10,000
–
Commission for issuing certified account statement for a customer
15,000
Commission for issuing transaction confirmation letter for individuals
15,000
According to the instructions of Central Bank
Commission for issuing transaction confirmation letter for businesses
75,000
According to the instructions of Central Bank
Commission for companies’ registration letter (companies establishment)
75,000
Commission for photocopying a document or cheque based on the customer’s request
10,000
After obtaining an official approvals

Cheque Books

Services
Fee in IQD
Note
Commission for issuing a cheque book
30,000
Band (25) sheets
Commission for issuing a cheque book
50,000
Band (50) sheets
Commission for suspending cheque book
30,000
For reasons of loss, theft, damage, according to the customer’s request
Commission to provide the client with a letter of certification for each cheque book
15,000
Per cheque

Investment Accounts (Term Deposit Account)

Services
Fee in IQD
Note
Commission for opening a term deposit account
Free
Profit rate of the term deposit account
According to the price bulletin
Commission for breaking an investment deposit
Free
Customer’s Share of the profits
75%

Financial movements

Services
Fee in IQD
Note
Commission of cash withrawal inside the branch
Free
–
Commission of cash withdrawer between branches / within the governorate
Free
–
Commission of cash withdrawer between branches /outside the governorate
0.003 for individuals
For amounts more than one billion lraqidinars
Commission for reactivating a dormant account
0,007 for companies
–
Cash withdrawals within the bank in USD (the category permitted to dealwith dollar) individuals and companies which are covered by the Central Bank of lraq
0,007
Added to it the amount imposed by the Department of issuance and vaults, if any,
Cash withdrawals within the bank in USD (the category permitted to dealwith dollar) individuals and companies which are covered by the imports of the bank
3%
To cover the cost of import, transfer, insurance , in addition to the alternative investment opportunity cost taking into consideration that this service is bank’s option.
Commission of salary localization for private sector
Free

Certified Cheque (Endorsed) and Cashier’s Cheque

Services
Fee in IQD
Note
Commission for issuing endorsed cheque
10,000
Less than $1,000
15,000
Between $1,000 – $10,000
30,000
More than $10,000
Commission for issuing cashier’s cheque
10,000
Less than (10) million Iraqi dinars
15,000
Between (10-15) million Iraqi dinars
25,000
Between (50-100) million Iraqi dinars
50,000
More than (100) million Iraqi dinars
Demand Draft (Suftejah) Issuance Fee (IQD)
10,000
Less than 10 million
15,000
Between 10-15 million
25,000
Between 50-100 million
50,000
More than 100 million
Demand Draft (Suftejah) Issuance Fee (USD)
10,000
Less than $10,000
15,000
Between $10,000 – $15,000
25,000
Between $50,000 – $100,000
50,000
More than $100,000
Stamp Fee
0.3%
Demand Drafts (Suftejah)
Printing Fee
3,000
Certified Cheque Cancellation Fee
15,000

Clearing Cheques Through The Iraqi Payment System (Automated Clearing House (ACH))

Services
Fee in IQD
Note
Commission for depositing a clearing check through the payment system – dinar
10,000
Less than (10) million Iraqi dinars
15,000
More than (10-25) million Iraqi dinars
25,000
More than (25-50) million Iraqi dinars
50,000
More than (50-100) million Iraqi dinars
0.1%
More than (100) million Iraqi dinars
Commission for depositing a clearing check through the payment system – dollar
15,000
Less than (10) thousand USD
20,000
More than (10-25) thousand USD
30,000
More than (25-50) thousand USD
0.15%
More than (50) thousand USD
Commission for an express depositing a clearing check (VIP)
25,000
Added to the commission of depositing clearing check
Commission for incoming clearing check through Iraqi Payment System
10,000
Commission for a rejected clearing cheque
10,000

Clearing Transfers (CT) Through Iraqi Payment System (ACH)

Services
Fee in IQD
Note
Commission for an automated clearing transfer issued through the Iraqi payment system – dinar
0.2%
Minimum 10,000 dinars
Commission for an automated clearing transfer issued through the Iraqi payment system – dollar
0.3%
Minimum 13200 dinars
Commission for an automated clearing transfer incoming through the Iraqi payment system – dinar
0.3%
Minimum 1,000 dinars
Commission for an automated clearing transfer incoming through the Iraqi payment system – dollar
0.8%
Minimum 1320 dinars
Commission for amending a clearing transfer cheque
15,000

Real Time Gross Settlement Transfers Through The Iraqi Payment System ( RTGS)

Services
Fee in IQD
Note
Commission for real time gross settlement transfer issued through the Iraqi Payment System – dinar
0.3%
Minimum 25,000 dinars
Commission for real time gross settlement transfer issued through the Iraqi Payment System – dollar
0.4%
Minimum 25 dollars
Commission for real time gross settlement transfer incoming through the Iraqi Payment System – dinar
0.4%
Minimum 2,000 dinars
Commission for real time gross settlement transfer incoming through the Iraqi Payment System – dollar
1.0%
Minimum 2 dollars
Commission for amending real time gross settlement transfer
15,000

International Transfers Through SWIFT System

Services
Fee in IQD
Note
SWIFT Charges
125,000
Commission for sending non-monetary SWIFT messages (enhancement, inquiry, modification, or cancellation)
Free
(reinforcement / inquiry / modification / cancellation)
Outward Remittance Commission
5%
Inward Remittance Commission (through K2 and EY)
0.3%
Ten dinars per dollar, including the exchange rate difference for all fees, commissions and expenses.

Credit Facilities

Services
Fee in IQD
Note
Commission for the Certification Of Authenticity
15,000
Commission for conducting site inspection for projects
75,000
Inside the governorate
150,000
Outside the governorate
Commission for conducting site inspection for real estate
According to the expert
Commission for issuing mortgage/ removing mortgage letter
30,000
Inside the governorate
50,000
Outside the governorate
Credit inquiry fees for the client through the CBS system
15,000
According to the instructions of Central Bank of Iraq
Administrative Commission
2%
Of the total fund

Financial Efficiency

Services
Fee in IQD
Note
Commission for issuing a financial solvency certificate
Certificate of Balance
Financial Relation
Salary deductions
15,000
Interests and commissions
Commitment certificate
Signature authentication
Liability clearance document

Islamic Financing

Services
Fee in IQD
Note
Profit ratio of Islamic financing
11%
Flat Rate
Commission of stamp fees
0.3%
–
Printing fees
50,000
–

Note:
The commissions vary based on the type of Islamic financing product.

Letters of Guarantee (Sureties)

Services
Fee in IQD
Note
1 Internal letter of guarantee issuance fee
1%
Calculated on quarterly basis
2 Internal letter of guarantee extension fee
1%
Calculated on quarterly basis
3 Internal letter of guarantee cancellation fee
Free
Stamp Duty Fee
0.3%
Printing Fee
50,000
Commission for goods clearance guarantee
330,000
Financial amendment of a guarantee (renewal or increase)
Subject to the same issuance commission
Non-financial amendment to guarantees (reduction of duration or value)
264,000
9 Guarantee notification commission
264,000
Applicable to guarantee commissions
Modification / inward notified guarantee
132,000
External letter of guarantee cancellation commission
66,000

Issued Documentary Credits

Services
Fee in IQD
Note
⁠Commission for issuing an outbound letter of credit is calculated on the basis of quarterly periods or part thereof
1%
Calculated quarterly
Commission for financial modifications, including amount increases or period extensions
330,000
For each modification
Commission for non-financial modifications of issued credit
264,000
Insurance fees on goods returned under late payment policies
200% of the insurance fee value
Commission for credit document disputes
264,000
Documentation commission (including filing, endorsement, marketing, and delivery)
330,000
Correspondent commissions/expenses
According to the correspondent bank
Commission for auditing documents
264,000
Email and Fax Agreement
50,000
Lump
Commission for documentary credit cancellation
264,000
Lump
Confirmation Fees for Outward LCs

Incoming Documentary Credits

Services
Fee in IQD
Note
⁠ ⁠The commission for incoming letters of credit is calculated on a quarterly basis or part thereof
1%
The commission for enhancing an incoming L/C is calculated based on quarterly periods or part thereof
1%
Commission for financial modification of an L/C, including an increase in the amount
1%
Commission for conducting non-financial modifications on an L/C
200,000
Commission for handling documents (incoming credits for export)
0.5%
Commission for incoming transferable L/C
1%
Reimbursement Commission
330,000
Commission for cancellation of incoming L/C
132,000
Deferred withdrawal commission on incoming non-confirmed credits
200,000

Card Commissions

Services
Fee in IQD
Note
PLATINUM CARD
15,000
BUSINESS CLASSIC CARD
120,000
SIGNATURE CARD
198,000
Commission for freezing the card
Free
Commission for issuing a replacement for visa card
Lost/Damaged Replacement
VIRTUAL CARD
7,000
Upon losing the card, it will be removed from the application, and a new card request will be submitted with the applicable fees displayed
PLATINUM CARD
15,000
BUSINESS CLASSIC CARD
120,000
SIGNATURE CARD
198,000
Commission for changing the card PIN
Free
Via ATM
Commission for activating the online purchasing service (VBV)
Free
Text message fees for visa transactions
Free
Card management commission/annual
VIRTUAL CARD
7,000
PLATINUM CARD
15,000
Commission for cash withdrawal via ATM
Free
Our ATMs
(In the same account currency)
0.004%
ATM within national switchboard (For other banks)
1.0%
ATM out of the national switchboard
Commission for cash withdrawal via ATM
1.0%
Our ATMs
(Other than the account currency)
1.0%
ATM within national switchboard (For other banks)
1.0%
ATM out of the national switchboard
Balance inquiry commission via ATM
Free
Account statement commission via ATM
Free
Commission for purchases through points of sale (POS)
Free
Bank points of sale
(In the same account currency)
Free
POS within national switchboard
Free
POS out of the national switchboard
Commission for purchases through points of sale (POS)
Free
Bank points of sale
(Other than the account currency)
Free
ATM within national switchboard
Free
POS out of the national switchboard
Commission for international purchase transactions (outside Iraq)
1320 IQD – OIF 6.7%
Commission for international withdrawl transactions (outside Iraq)
1310 IQD – FX 6.7% – 1% COM
Via ATMs outside Iraq
Card transaction objection commission
15,000
P2P transfer commission
0.1%

Digital and Commercial Services Fees

Services
Fee in IQD
Note
Card Payments
1%
Applied to completed transactions via local Visa and MasterCard cards used at Points of Sale (POS). The commission is paid by the merchant.
QR Code Payments
0.3%
Applied to payments made via QR code on mobile devices or POS terminals. The commission is paid by the merchant.
Payment Gateway – Cards
1%
Applied to transactions completed via the payment gateway (online or via app). Paid by the merchant and deducted from the settlement amount.
Payment Link – Cards
1%
Applied to local card payments made through dynamically generated payment links. The commission is paid by the merchant.
Payment Link – QR
0.5%
Applied to payments made through QR payment links. The commission is paid by the merchant.
Salary Disbursements
2,000 IQD per employee / transaction
Applied to salary transfers via the corporate portal and branches. The commission is paid by the company/merchant.
Bulk Payments / Transfers
0.3% (minimum 25,000 IQD)
Applied to bulk transactions for bank users via the corporate portal. The commission is paid by the company.
Bulk Payments (Overtime, Allowances, Suppliers)
0.2%
A discounted rate dedicated to these specific categories. The commission is paid by the company.

FIB Application Service Fees

Services
Fee in IQD
Note
Request Money
0.1% – Minimum 1 Dinar
Commission collected on successful request execution.
Split Payments
0.2% – Minimum 1 Dinar
Commission collected when the amount is divided between the parties
Cash Deposit using Iraqi Card
1% of Transaction Value
Commission collected on cash deposit using cards issued in Iraq.
Cash Deposit using Non-Iraqi Card
3% of Transaction Value
Commission collected on cash deposit using cards issued outside Iraq.
Cash Withdrawal via Agents / Cash Points
Source: 0.3% Target: 0.1%
Commission collected according to the approved withdraw mechanism via agents or POS
Installment Service
1,000 Dinars per Transaction
Commission collected from the contracted company, not the client.
Recharge Cards & Digital Products
As per the agreement with the service provider (Dynamic per Client)
Covers mobile cards, internet cards, e-games cards, music cards, electronic cards and eSIM.
Marketplace Services
As per the agreement with the service provider
Covers services and products provided by App partners.
Travel & Accommodation Services
As per the agreement with the service provider
Covers flight and hotel reservations and other travel services
Cashback
No commission collected
The client is given a percentage or refund amount according to the approved promotional campaigns.
E-Psule
As per the approved service tariff
Collected according to the agreement with the service provider and the approved operation mechanism.
Recurring Payment
Without additional commission, or according to the basic transaction commission
The original transaction commission shall apply, if any.
Inter-Account Transfer
0.1% = P2P = P2B – P2C 0.2% = B2P – B2B – B2C – C2C

Note:

  • Consecutive fraudulent transactions for withdrawals or purchases resulting from card data copying, card loss, or PIN theft via the Internet are considered as a single transaction. A single commission will be applied. If the bank incurs any additional commissions due to disputes with international companies (Visa/MasterCard) or through the national switchboard or the bank’s card operator, the differences will be charged to the customer, and the objection commission will be considered to a minimum.
  • The objection commission covers (Internet transactions, external purchases, and ATM withdrawals outside the national switchboard).
  • Transactions’ rate are according to the official exchange rate approved by the Central Bank of Iraq.
  • The electronic payment commission for all collection operations is processed through GATEWAY payment gateways, POS points of sale, and various electronic channels.
  • Emphasis on not dividing sales by the merchant.
  • The receiver bears the electronic payment commissions from both the public and private sectors, while the payer will not bear any commissions for electronic payments.

Note:

  • Consecutive fraudulent transactions for withdrawals or purchases resulting from card data copying, card loss, or PIN theft via the Internet are considered as a single transaction. A single commission will be applied. If the bank incurs any additional commissions due to disputes with international companies (Visa/MasterCard) or through the national switchboard or the bank’s card operator, the differences will be charged to the customer, and the objection commission will be considered to a minimum.
  • The objection commission covers (Internet transactions, external purchases, and ATM withdrawals outside the national switchboard).
  • Transactions’ rate are according to the official exchange rate approved by the Central Bank of Iraq.
  • The electronic payment commission for all collection operations is processed through GATEWAY payment gateways, POS points of sale, and various electronic channels.
  • Emphasis on not dividing sales by the merchant.
  • The receiver bears the electronic payment commissions from both the public and private sectors, while the payer will not bear any commissions for electronic payments.

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