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Steps (35)

Obtain current account - individual (2)

1 Creating account - individual

2 Obtain check book - individual

Obtain financial capacity - individual (1)

3 Get financial capacity letter - individual

Obtain a rent contract (1)

4 Sign a premises rent agreement

Obtain trade name approval (12)

5 Obtain request approval letter

6 Get orientation command to computer database and fund payment

7 Obtain confirmation of trade name not registered

8 Pay premises verification fee

9 Audit payment and get stamp

10 Get trade name registration request form

11 Fill trade name registration request form

12 Audit request form and get orientation command to fund payment

13 Pay trade name registration fee

14 Audit payment and get stamp

15 Get name registration stamp

16 Get signature on name registration stamp

Obtain trader ID (11)

17 Get BCC membership request form

18 Fill BCC membership form

19 Get a folder number

20 Get received date for BCC membership form

21 Verify membership required document

22 Get a class decision

23 Obtain merchant class

24 Pay fees according to merchant class

25 Audit payment and get stamp

26 Register information to computer system

27 Obtain BCC ID

Obtain trade name registration certificate (8)

28 Get application file number

29 Collect application file

30 Get certificate print command

31 Get printed certificate

32 Get certificates verified

33 Get certificates signed by the trade name manager

34 Get certificates signed by the BCC Director General

35 Get registration certificate

1

Creating account - individual
(last modified: 25/08/2019)

Contact details
Additional information

Timeframe ( ver detalles )

20 mn - 35 mn

Contact details

Entity in charge

Any accredited bank

Unit in charge

Any bank counter

Mon:	08:00 - 14:00
Tue:	08:00 - 14:00
Wed:	08:00 - 14:00
Thu:	08:00 - 14:00
Fri:	closed
Sat:	closed
Sun:	08:00 - 14:00

Expected results

Current account card

Requirements

KYC form (original)
"Know your customer" form to open the unified account in accordance with international requirements in the fight against money laundering and the financing of terrorism, generalized by the Central Bank of Iraq

Request to open a current account (original)

National ID (original + Simple copy)

Residence card (original + Simple copy)

Photo (2 original )

Time frame

Waiting time in queue: Min. 5mn - Max. 15mn

Attention at counter: Min. 15mn - Max. 20mn

Legal justification

Central bank of Iraq (CBI) instructions on KYC form

Regulations of anti money laundering and terrorist financing
Article 1 chapter 2

Additional information

* Instructions for opening a current account for individuals depend on the instructions set by each bank and according to its policy .
* The customer must have completed 18 years of age and there is no legal impediment to opening the account .
* The current account may be opened for the blind or illiterate person by obtain the imprint of his thumb and the testimony of two witnesses acceptable to the bank .