Mastercard

Mastercard

Features:

1. Card validity is: three (3) years.
2. Card currency is: (IQD) Iraqi Dinar.
3. The card is linked to a bank account.
4. It can be used locally and internationally and in the currency of any such country outside Iraq.
5. The card supports contactless payments for easy and secure transactions.
6. It provides free cash deposit and withdrawal through all bank branches or via the bank’s ATMs.
7. The MasterCard can be used for online purchases or direct purchases through POSs inside and outside Iraq.

Limits of Use:

1. Cash withdrawal from ATMs inside Iraq limit is: (IQD 2,000,000) two million Iraqi dinars per day, with a monthly LIMIT of (IQD 60,000,000) sixty million Iraqi dinars.
2. Cash withdrawal from ATMs outside Iraq limit is: (USD 100) one hundred US dollars per day, or its equivalent in other currencies, with a monthly limit of (USD 500) five hundred US dollars, or its equivalent in other currencies.
3. The daily and monthly limit for purchases and direct payments through POSs and websites inside Iraq is (unlimited).
4. The daily and monthly limit for purchases and direct payments through POSs and websites outside Iraq (basic monthly limit) is equivalent to (USD 4,500) four thousand five hundred US dollars, or its equivalent in other currencies.
5. The daily and monthly limit for purchases and direct payments through POSs and websites outside Iraq for travel purposes (airlines, hotels, travel agencies, car rentals, etc.) is (USD 20,000) twenty thousand US dollars, or its equivalent in other currencies, including the basic monthly limit.
6. The daily and monthly limit for purchases and direct payments through POSs and websites outside Iraq for medical treatment and healthcare services (hospitals, clinics, pharmacies, etc.) is equivalent to (USD 50,000) fifty thousand US dollars, or its equivalent in other currencies, including the basic monthly limit.

Fees and Issuance:

1. Issuance or renewal of MasterCard fee is (USD 5,000) five thousand Iraqi dinars.
2. Activating SMS fee is (IQD 25,000 IQD) twenty-five thousand Iraqi dinars, which will be deducted annually from the customer’s balance without prior notice (This is an Optional service for customers willing to receive SMS alerts).
3. Cash withdrawal from non-TBI ATMs (which are within the National Switch) inside Iraq is 0.004, according to the Central Bank of Iraq instructions.

(All products, services, and electronic payment cards are subject to the terms, regulations, and instructions issued by Trade Bank of Iraq).