Corporate e-Banking

The Commercial Islamic Bank always seeks to provide the best for its customers by keeping pace with modern secure technical developments that allow the bank's customers to benefit from electronic banking services by simply connecting to the Internet using their personal computer or smartphone from anywhere.

The customer can conduct banking transactions himself without the need to visit the bank's branches, such as transferring amounts of money between his accounts, obtaining his account statement, knowing his balance, transferring from his account to another customer's account within the same bank, in addition to the possibility of submitting requests such as requesting a checkbook, all of which is done in a manner characterized by ease, clarity and the highest levels of security.

To obtain this service, it is required:

• The online banking request form must be filled out.

Deposit and withdrawal service from any Branch

Through this service, the customer can benefit from the banking services provided by the bank by going to any accessible branch and it is not necessary to go to the branch (in which the account was previously opened).

To obtain this service, it is required:-

• When depositing and the amount exceeds ($10,000) or ($13,200,000) Iraqi dinars, the customer must submit supporting documents and fill out the Know Your Customer (KYC) form and authorization from the company to deposit in the name of the depositor and the company's seal.
• In the event of a withdrawal by the company's authorized manager, fill out the Know Your Customer form if the transfer amount exceeds ($10,000) or ($13,200,000) Iraqi dinars.
• As for withdrawal by a beneficiary, the civil status ID and the residence card or the unified card + supporting documents proving the beneficiary's relationship By the drawer and filling out the Know Your Customer form if the amount is higher than (15 million) dinars or (10 thousand) dollars.

Electronic Payroll System (B2B)

The bank provides its institutional and corporate clients with a comprehensive automated system that ensures full control over the implementation of their various electronic payments, such as employee salaries and supplier invoices, in addition to managing the process of collecting dues from any other parties. This system constitutes a direct, secure and integrated link between the company and the bank, and is compatible with various resource management and accounting systems.

This system ensures greater speed and ease in the payment of salaries and other recurring payments, in addition to simplifying account settlement tasks by issuing statements of accounts for various transactions. It is also characterized by the possibility of adapting it to meet the different purposes and needs of companies and institutions and achieving operational efficiency.

To obtain this service, it is required:-

• Opening an account by the company's authorized manager.
• Filling out the B2B service request form.
• Opening accounts in the names of employees.
• A contract with the bank to provide it with the service.

International Bank Account Number (IBAN)

The IBAN contributes to improving the level of financial and banking services, clearing services, and settlement of payments locally and internationally, as it paves the way for reducing the time required to complete the money transfer process at high speed, as a result of using a correct bank account number that is confirmed by the international bank account standards.

Foreign Account Compliance Act (FATCA)

The Commercial Islamic Bank of Iraq is one of the Iraqi banks FATCA Compliant

And has a Global Identification Number (Reporting Model 2 FFI) where the model (GIIN) follows.

(XNHD3J.00004.ME.368)