Sent remittances are issued based on an application form submitted by the customer. The application form includes the remittance currency, the amount, the beneficiary’s name and account number, the name of the bank, the SWIFT code, the IBAN number, the address of the bank and the reason for the transfer. The bank also allows the execution of remittances sent periodically in specific amounts and dates, based on the instructions of its customers.
The bank applies the (SWIFT) system, which is an advanced, fast, accurate, confidential and secure system. All remittances and payment requests received from correspondent / non-correspondent banks are deposited in the customer’s account after ensuring that the correspondent has deposit the money into our account.
ATM card from Al-Mashreq Al-Arabi Islamic Bank:
The ATM card from Al-Mashreq Al-Arabi Islamic Bank: offers many features and options that suit your needs and lifestyle.
You can use the ATM card, instead of carrying cash. You can use it easily and comfortably, and you can use the ATM card anywhere there is a point of sale – (POS) or an ATM. The amount of your purchases will be deducted from your current or savings account with Al-Mashreq Al-Arabi Islamic Bank.
With an ATM card from Al-Mashreq Al-Arabi Islamic Bank:
- There are no annual fees.
- You can use your ATM card at any time of the day, 24 hours a day, 7 days a week.
Five branches of the bank have been opened so far in Baghdad, Basra, Karbala and Ramadi, and more branches will be opened before the end of this year. The bank’s plan is to open branches in all Iraqi governorates.