FAQ
Kathir Bank is a leading financial institution with a broad presence across the United Arab Emirates, Saudi Arabia, Iraq, and Kurdistan. We are committed to providing innovative banking solutions to individuals and businesses, with a network of branches strategically located in key cities to ensure we meet our clients' needs efficiently and effectively.
What are Kathir Bank’s working hours?
Our branch working hours vary by location. Most branches in Dubai, Abu Dhabi, and Sharjah operate from 8:00 AM to 11:00 PM, while others, such as those in Riyadh, Baghdad, and Sulaymaniyah, typically operate from 8:00 AM to 3:00 PM. Please refer to our Branch Locations page for the exact timings of your nearest branch.
How can I open a new account with Kathir Bank?
Opening an account is easy. You can visit any Kathir Bank branch with your official ID, proof of address, and any additional documents required depending on the account type (personal, business, or joint). Alternatively, you can start the process online through our website, where our customer service team can assist you via email or phone. For international clients or those relocating, Kathir Bank also offers remote account setup with additional verification.
- Copy Of National Card Or ID And Nationality Card
- Copy Of Passport
- Copy Of Residency Card
- 2 Personal Photos
- Provide A Valid Business ID
No, It Is Not Possible To Do That After Opening A Personal Account. You Can Add A Partner When Opening A Joint Account, Provided That Both Parties Attend At The Branch.
The Fixed Monthly Installment Consists Of Monthly Rest And Increasing Principal.
Deposits Are Classified As Per The Functional Periods As Follows: Interest For A Month In IQD Is 1.1% And In USD Is 2%. Three Months’ Interest In IQD Is 1.25% And In USD Is 2.25%. Six Months’ Interest In IQD Is 2.25% And In USD Is 2.5 Interest For One Year Or More In IQD Is 3% And In USD Is 3%.
- No Card Can Be Issued Via Power Of Attorney.
- The Power Of Attorney Can Be Used Only In The Event Of Renewal Or Receipt Of Card After Renewal And Receipt Of Amounts Therefrom, And This Depends On The Content Of The Power Of Attorney Submitted To Us And After Obtaining The Validity Of The Issuance Certificate For Such Power Of Attorney.
- Note That The Power Of Attorney Must Be Certified By A Notary Public For The Same Year In Which The Application Was Made
Kathir Bank is well-equipped to serve international clients and expatriates. We provide:
Multi-currency accounts to make global transactions easier
International money transfers with competitive exchange rates
Remote account opening services for select regions
Access to international banking advisors for financial planning and investment
We understand the challenges of banking abroad, so our staff is trained to provide bilingual and culturally sensitive service. Whether you’re moving for work, study, or business, Kathir Bank offers personalized guidance to make your banking experience seamless.
- You Must Call The Customer Service Number To Deactivate It As Soon As Possible.
- Visit One Of TBI Branches To Issue A New Card.
- Issuing The Card Takes Between 14 And 20 Working Days As Of Application Submission Date.
- Visit One Of The Branches Of The Trade Bank Of Iraq In Baghdad And All Provinces
- Bring The Identification Documents Listed Below.
- A. ID Card
- The National Card Replaces (A – B).
- C. Residency Card
- D. Passport
- In The Event That The Customer Submitting The Application Is Married, The Husband’s National Card And All The Aforementioned Documents Must Be Submitted
- B. Nationality Certificate
- E. Submit A Valid Business ID
They Are Checks Issued By The Bank In Local Currency Or USD Upon Request Of A Specific Entity (Whether Governmental Or Non-Governmental). They Cannot Be Disbursed After The Legal Period Of Six Months And Ten Days, As Of Issuance Date, Has Expired.
- As Per The Monthly Estimate Proven At The Time Of Account Opening. In The Event That The Deposit Amount Exceeds The Limit Stated In The Bank Shall Be Provided With Source Of Such Funds