Visa Commercial (Merchants, Companies)

VISA Commercial

(This card is designed for local and foreign merchants, companies, and mixed-sector)

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. This card may be used locally and internationally and in the currency of such any country outside Iraq.
5. It supports contactless payments for easy and secure transactions.
6. It provides free cash deposits and withdrawals through all bank branches or ATMs.
7. The card is specifically designed for merchants and companies (local, foreign, and mixed-sector) and can be used for purchases via POSs and online platforms inside and outside Iraq.

Limits of Use:

1. Cash withdrawals limit inside Iraq is: IQD 2,000,000 per day; with monthly limit of IQD 60,000,000.
2. Cash withdrawals limit outside Iraq is: USD 100 per day (or equivalent in other currencies); with monthly limit of USD 500 (or equivalent in other currencies).
3. No daily or monthly limits for purchases and direct payments inside Iraq.
4. The monthly limit for purchases and direct payments outside Iraq (general use) is: USD 19,500 (or equivalent in other currencies).
5. The monthly limit for purchases and payments outside Iraq for travel purposes (airlines, hotels, travel agencies, car rentals, etc.) is: USD 20,000 (or equivalent in other currencies), including the basic monthly limit.
6. The monthly limit for purchases and payments outside Iraq for medical purposes (hospitals, clinics, pharmacies, etc.) is: USD 50,000 (or equivalent in other currencies), including the basic monthly limit.

Fees and Issuance:

1. Card issuance or renewal fee is: IQD 50,000.
2. SMS activation fee is: IQD 25,000, deducted annually from the customer’s balance without prior notice (This is an Optional service for customers willing to receive SMS alerts).
3. The fees for cash withdrawal from non-TBI ATMs (which are within the National Switch) inside Iraq inside Iraq is: 0.4% per withdrawal, according to the Central Bank of Iraq instructions.