agbank.gov.iq Procedure for Opining accounts Iraq : Agricultural Cooperation Bank
Name of the Organization : Agricultural Cooperation Bank
Type of Facility : Procedure for Opining accounts
Country : Iraq
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Official Website : http://www.agbank.gov.iq/en
Procedure for Opining accounts :
The current account defined as line that would restrict people to calculate the payments through the mutual and overlapping debt arising from the operations carried out, including the delivery of money, funds or securities are ownership and other, and assisted to settle the debt for each of the final settlement of the unit which produces
Related : National Bank of Iraq Trade Finance & Credit Facilities : www.statusin.org/5655.html
other accountsare :
** The exchanging, and the exchange and overlapping that means that the current account balance is sometimes a creditor, “and sometimes a depter” that may not be agreed that the balance of one credit, “constantly.
** 2nd feature overlap or interference of any payments that the payments from the account
“Opening the current account :
the staff of current accounts and those responsible in the Division for the specific deployment of the banking awareness among the public resort to banks and opening of current accounts and deposit their money and the subsequent use of checks in the day-to-day instead of carrying the money and circulation conditions
The current account opening procedures :
** conditions for the grant of the current account
** open the current account for the two types of people (real persons and corporations) the real person : is the person who must be an Iraqi, “a resident” in Iraq, his age no less than that iots 18years old and there was no legal objection with the personality prevents him from opening an account as it should be known “by the bank or ID and a certified
** The moral person : this person has to supported by documents from a competent governmental authority, whether private or mixed, or the socialist system and the required procedure and ratified at the founding of the moral person.
Deposit process :
after opening the current account were to be deposited in the deposit amount to be calculated after opining the account as a cash or deposit or the deposit of an check or deposited document settlement on the same day that which the current account opening.
The process of withdrawal : The withdrawal of the current account in two ways the withdrawal by check withdrawal by the settlement document
The check : is the structured according to the editor of the form in which the text of the law and order which the people, “people called the drawer,” another called drawee (the bank) that the payment of the amount of “certain” money to a third person or carrier (the beneficiary), and always be “outstanding performance of the available.
About Us :
In 1935 Bank of Agriculture and Industry was established. Bank of Agriculture and Industry has been providing financial services to Iraqi farms and agri-businesses for more than 80 years and we’ve seen a lot of change along the way.
From small family farms to large-scale producers and processors, we have responded to our customers’ changing needs. But one thing remains constant – our commitment to serve those that feed our nation.