Please, do not share your card details with anyone. Note that FIB never ask you for such information.
Start your digital Group Saving with your friends and enjoy managing it easily.
Group Saving, or “sulfa” as it’s called in some areas, is a system that allows you to join a group of individuals, each contributing a specific amount of money on a monthly or periodic basis. These amounts are collected and distributed equally among the members, helping everyone achieve their financial goals collectively. Additionally, members can take turns receiving the collected funds, either randomly by shuffling the names or manually by choosing the sequence themselves.
You can set the amount you wish to save based on your financial capability.
Monthly contributions are collected into a single fund, enhancing your chances of achieving your financial goal.
Interact with other members of the same group to share experiences and support.
A trusted system that ensures the transparent distribution of funds. .
Group Saving lets members contribute periodically, with collected funds automatically distributed at the end of each cycle, making saving easy and efficient.
Group Saving is a digital version of the traditional Iraqi saving method, allowing a group of trusted individuals to save money together. Each participant contributes to a collective pot, and every member receives the total amount once per cycle .
No, there are no fees or interest charges for using the Group Saving feature. It is purely designed to help users save money with trusted individuals .
A Group Saving can have a minimum of 4 members (3 members and 1 leader) and a maximum of 20 members (19 members plus 1 leader) .
A Group Saving cycle consists of contributions from all members during a set period. At the end of the cycle, one member receives the collected funds. This process repeats until all members have received the pot once .
The Group Leader is the individual who creates the Group Saving, invites members, sets the contribution amount, and organizes payment cycles. The leader must be someone trusted by all participants .
If a member fails to make a payment, the system will retry daily until the cycle ends. In the case of missed payments not being settled inside the app, they must be settled directly with the group members in person.
Yes, but you can only be part of a maximum of three active Group Savings at any given time .
You can invite people by sharing a QR code or an invitation link. This link can be sent through messaging apps or email. It is recommended to invite only trusted individuals, such as family and friends .
All-digital account creation process, embodying our commitment to leading Iraq’s digital banking transformation. Open an account instantly, entirely online, without visiting the in-person bank branch.
Select the card that suits your needs: Physical for everyday transactions, Virtual for instant online payments, Family Card to oversee family spending, and ISIC Card (backed by UNESCO) provides global student discounts.
Fast, secure, and contactless payments via QR codes with FIB mobile app. Ideal for in-store and online transactions, enhancing user convenience and benefiting businesses with an easy, cost-effective payment solution.
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Simplify family finances with a multi-tool Family Card. Issue Visa cards for kids and family members to easily manage funds, allocate budgets, and monitor spending. Enjoy live transaction tracking.
Instantaneous, hassle-free money transfers between FIB account holders, directly from the FIB app. No need to carry cash or visit a bank branch, we simplify domestic transactions for everyone.
Maximize your savings with our Cashback feature, rewarding you for everyday purchases. Get money back on your spending, making each purchase a step toward more hassle-free financial life.
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