Trade Bank of Iraq launches free cash deposit service via ATMs

Trade Bank of Iraq launches free cash deposit service via ATMs

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The Trade Bank of Iraq announced on Tuesday the availability of a free cash deposit service via ATMs for its bank cardholders, stating that this service aims to simplify procedures and provide faster and easier services to citizens.

The video for this blogpost is below here:

The bank's media advisor, Aqeel Al-Shuwaili, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the cash deposit service is available to holders of the bank's cards (Visa, Mastercard) issued in Iraqi dinars only," noting that "the service is free and does not require any additional fees."

Al-Shuwaili explained that "the maximum limit for a single deposit transaction is 5,000,000 Iraqi dinars, provided that the number of banknotes does not exceed 150, while the maximum monthly deposit limit is 13,200,000 Iraqi dinars," noting that "other deposits made through the bank's mobile application or through branch cashiers are counted within the specified monthly ceiling."

He explained that "the cash denominations accepted through ATMs are: 10,000, 25,000 and 50,000 Iraqi dinars," calling on customers to "withdraw the transaction receipt after depositing, as it includes its details, in addition to sending a notification of the deposited amount to the customer's email."
  He stressed that "the cash deposit service is available through ATMs in the following locations:

* Main Branch: Al-Harithiya - Al-Kindi Street - Building No. (4).
* International Zone Branch: Al-Tashree' District - Green Zone - Block 228.
* Al-Mansour Branch: 14 Ramadan Street - next to Shamisani Restaurant.
* Al-Tahrir Branch: Al-Rashid Street - Building No. (11) - next to the Artists Syndicate.
* Erbil Branch: Waziran - Zakros Street - opposite Sami Abdul Rahman Park. *
Haibat Khatun Branch: Al-A'dhamiyah - Omar bin Abdul Aziz Street.
* Al-Saydiya Branch: Al-Alwa Street - opposite SAS Toyota Company.
* Al-Masbah Branch: Al-Karrada - Al-Masbah Intersection - near Dijlah Village.

The Prime Minister of the Kurdistan Regional Government and the Governor of the Central Bank discuss the progress of the digitization of financial services and the "My Account" project.

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Kurdistan Regional Government Prime Minister Masrour Barzani received the Governor of the Central Bank of Iraq today, Wednesday (April 16, 2025).

The two sides discussed the progress made in digitizing financial services and the "My Account" banking project, and agreed on the need to reduce cash use.

Masrour Barzani indicated that the regional government will continue the digital payment process.

He also thanked the Governor of the Central Bank of Iraq for his support for the financial reforms being implemented by the regional government, praising his plans to reform the banking system.

Masrour Barzani affirmed the regional government's readiness to coordinate with institutions operating within the framework of the Central Bank's laws and regulations.

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