About us
About Us Extedad Bank for Investment and Finance is a financial institution dedicated to meeting the needs of individuals and businesses in Iraq. It operates under modern financial standards and responsible banking practices. The bank is distinguished by its vision based on principles of justice, transparency, and social responsibility. It strives to meet the needs of its clients through innovative and diverse financial solutions.
Internet Banking Service
A service that enables clients to manage their bank accounts online with ease.
Features and Benefits
Change your banking password for the mobile app and internet banking service.
Check the latest foreign exchange rates, conversion rates, and perform currency exchange
Instantly transfer funds to your own accounts and to other accounts within Extedad Bank for Investment and Finance..
Information Technology
The Information Technology (IT) Department is one of the most vital departments in the bank, carrying numerous responsibilities. It is responsible for managing all of the bank's systems
The bank utilizes the BANKS core banking system, considered one of the most advanced systems in the global banking sector.
The bank also operates RTGS and ACH payment systems, which have been integrated with the core banking system to ensure seamless processing.
Additionally, the bank employs the SWIFT system for international transfers.
To enhance compliance and risk management, the bank uses the World-Check system for screening clients against global watchlists.
The bank also implements the MIS (Management Information System) to generate reports in accordance with international accounting standards.
Other systems in use include:
Electronic archiving and Human Resources Management Systems
Credit inquiry system
FATCA compliance system
The IT Department is actively working on developing electronic payment systems such as PAID-DEBIT ISSUING and PREPAID through VISA cards.
Frequently Asked Questions
1How do I open a current account for my company at the bank, and what are the required documents?
Please visit one of the bank branches with the documents listed below:
For Individual Establishments:
Copy of the valid commercial registry.
2. Original personal ID (valid electronic card) for the owner.
3. Foreign residents require a copy of the passport and residence permit, along with an employment statement.
For Companies:
1. Copy of the certified founding contract from the relevant authorities.
2. Copy of the company establishment decision.
3. Copy of the latest version of the company's Articles of Association, certified by the relevant authorities.
4. Board resolution requesting the account opening, specifying the authorized individuals to manage the account and their powers.
5. Original personal ID (valid electronic card) for the owner and the authorized individuals to manage the account.
6. Completion of the bank's account opening forms.
7. The minimum account opening amount is 300,000 Iraqi Dinars or its equivalent in other currencies.
8. The current account can be opened in the local currency or any of the approved foreign currencies."
2Can I receive notification messages about transactions conducted on my company's account via mobile phone?
Yes, you can track the latest banking transactions conducted on your account by receiving short message service (SMS) notifications about the latest transactions on your account 24/7, wherever you are
