Private Banking

What is Private Banking at National Bank of Iraq?
Private Banking at National Bank of Iraq offers exclusive banking services designed for high-net-worth individuals. With a comprehensive suite of premium financial solutions and personalized service, our Private Banking department provides you with exceptional banking experiences tailored to your unique financial needs. Our total commitment to excellence ensures that you receive priority attention, preferential rates, and exclusive benefits that reflect your distinguished status.

What are the benefits of joining NBI's Private Banking?
When you join our Private Banking service, you gain access to a world of exclusive benefits and privileges designed to enhance your banking experience:
• Dedicated Relationship Manager: A personal financial advisor committed to understanding and serving your unique financial needs
• Preferential Interest Rates: Enjoy superior rates on deposits and reduced rates on loans
• Premium Banking Cards: Access to Platinum and Infinite Visa credit cards with higher limits
• Priority Service: Expedited processing at branches with minimal waiting time
• Fee Waivers: Exemption from numerous banking fees and charges
• Exclusive Investment Opportunities: Access to specialized investment products and wealth management services
• Lifestyle Benefits: Concierge services including travel arrangements, hotel bookings, and event management
• Comprehensive Financial Planning: Tailored solutions for wealth preservation and growth
What are the eligibility requirements for Private Banking?
Joining our Private Banking service is straightforward. You qualify for our exclusive services when you meet any of the following criteria:
• Maintain deposits (time deposits, savings, or current accounts) exceeding $50,000 or 75 million Iraqi Dinars

Based on your relationship with us, you will be classified into one of our premium segments:
1. Courtesy Account: For clients with advanced salary accounts exceeding 7.5 million Iraqi Dinars
2. Advanced Account: For clients with balances between 75 million and 250 million Iraqi Dinars
3. Select Account: For clients with balances between 251 million and 750 million Iraqi Dinars
4. Elite Account: For clients with balances of 751 million Iraqi Dinars and above

• You will also be eligible to join the Private Banking service if you receive a monthly salary of 7,500,000 Iraqi Dinars or more through our salary domiciliation service

Private Banking Service Tiers
Our Private Banking service is structured to provide benefits that increase with your level of relationship with us. Each tier offers progressively enhanced services and privileges:
Courtesy Account (Advanced Payroll)
• Platinum debit card with higher withdrawal and spending limits
• Access to airport VIP lounges (coming soon)
• Credit card with limit up to twice your salary (maximum 10,000 USD)
• Life insurance coverage for credit card holders
• Preferential rates for foreign currency exchange and transfers
Advanced Account
• All benefits of Courtesy Accounts
• Credit cards with limits up to 15,000 USD without cash collateral
• Investment advisory services
• Enhanced digital banking experience
Select Account
• All benefits of Advanced Accounts
• Higher debit card limits (up to 10 million IQD daily, 15 million IQD monthly)
• Credit cards with limits up to 20,000 USD without cash collateral
• Dedicated relationship manager for personalized service
• Preferential deposit rates
• Priority service for deposits and withdrawals
• Access to corporate services and auctions (case-by-case basis)
• Pre-approved loans up to 40 million IQD with 2% interest rate reduction
• Specialized wealth management advice
Elite Account
• All benefits of Elite Accounts
• Maximum debit card limits (up to 15 million IQD daily, 20 million IQD monthly)
• Premium credit cards with limits up to 25,000 USD without cash collateral
• Highest level of preferential interest rates
• Pre-approved loans up to 50 million IQD with 2% interest rate reduction
• Premium concierge services including:
• Flight ticket reservations through your relationship manager
• Hotel reservations worldwide
• Private jet booking services
• Event planning and management
• Personal shopping assistance from global retailers
• Educational arrangements for your children
Features of Private Banking Accounts
Our Private Banking accounts are designed with your convenience and financial growth in mind:
• Flexible Access: Withdraw funds at any time while maintaining eligibility for premium services
• Multiple Account Options: Open various account types including Zanageen accounts for prize opportunities
• Preferential Loan Terms: Access to personal loans with competitive interest rates
• Secured Lending: Obtain loans secured by your time deposits at 100% of deposit value
• Credit Facilities: Access to credit facilities against 100% cash collateral
• Premium Banking Cards: Receive Platinum and Infinite cards with higher limits
• Simplified Banking: Provide standing instructions via email with phone confirmation
• Investment Services: Access to financial markets through Al-Mal Brokerage and Investment
Fee Exemptions for Private Banking Clients
As a valued Private Banking client, you enjoy numerous fee waivers:
• Account opening fees
• Internal transfer fees between Private Banking customers
• Year-end account maintenance fees
• Incoming transfer fees (external and/or RTGS) when receiving funds for deposit linking
• First-time checkbook issuance fees (both local and foreign currency)
• Various certificate issuance fees (based on your tier)

Terms and Conditions
To ensure the highest level of service and maintain the exclusivity of our Private Banking offering:
• All accounts must follow standard account opening procedures and comply with applicable regulations
• Enhanced due diligence is required for high-risk politically exposed persons
• Private Banking accounts are primarily for Iraqi nationals, with exceptions possible upon recommendation
• Clients must maintain the minimum balance requirements for their tier
• A 3-month grace period is provided if balances fall below the required threshold
• Spouse accounts may be opened with Private Banking benefits subject to terms and conditions
• Deposits from real estate sales are accepted according to Central Bank regulations
• The bank reserves the right to modify benefits and services
• All benefits are subject to compliance with Central Bank regulations and anti-money laundering rules
• The bank may exclude accounts from benefits in case of compliance concerns

Your Private Banking Team
Our dedicated Private Banking team is committed to providing exceptional service:
• Relationship Manager: Your primary point of contact, offering personalized attention and financial advice
• Private Banking Center Manager: Oversees service quality and ensures your satisfaction
• Customer Service Coordinator: Handles your day-to-day banking needs efficiently
• Telephone Service Center: Provides immediate assistance for your inquiries

Your Relationship Manager's responsibilities include:
• Monitoring your accounts and providing proactive financial advice
• Educating you about various investment and banking products
• Providing wealth management consultation
• Resolving any issues or concerns promptly
• Coordinating with various bank departments to ensure seamless service
• Conducting regular visits to maintain our relationship
Join National Bank of Iraq's Private Banking today and experience banking excellence that recognizes your distinguished status and meets your sophisticated financial needs.