Is a bank account whose idea depends on depositing and withdrawing cash frequently and the transaction is high and fast. The client is given a checkbook for easy dealing with the account and the withdrawal of others funds based on the signature of the account holder and these accounts are interest-free.
Banking Accounts
Current Account For Individuals ( Creditor )
Benefits:
- Deposit and withdraw funds in your account as long as the account is active and there is an available balance.
- Access to a cheque book.
- Access to an ATM Card.
- Receipt of a periodic statement of account.
- Transfer and receive funds locally and internationally.
- There is no minimum balance required to open the account.
- Possibility to open a current joint account.
- Non-interest bearing account.

Saving Account
A long-term bank account with bank interest on deposited money and interest calculated at the beginning of the month following the deposit of money.
Benefits:
- It can be used as a means to save or to meet short-term investment plans.
- Withdraw the money and deposit cash at any time.
- No salary is required.
- Most accounts offer a margin on the deposited balance.
- Access to a quarterly statement of account.

Fixed Deposits
Is a deposit of a certain amount of money for a specified period there will be no deposit during the period, in case the amount was withdrawn before the specified period there will be no interest
- A fixed deposit is a low-risk investment and offers a fixed interest rate in return for leaving the deposited funds for a specified period.
- The bank agrees with the customer to determine the interest rate and maturity date on the day of opening the account.
- The applicant can break the deposit when he/she needs it, in which case the interest is not charged.

Current account for companies
Erbil Bank for investment & finance provides Special services for companies through opening a special bank account for companies which helps companies manage their business, meet their ambitions, and their banking and investment needs.
- A minimum balance is required to open the account, 510000IQD for Iraqi dinar account, and 500USD for US Dollar Account.
- The account will open according to conditions of Central Bank of Iraq.
Account for NGOs
Erbil bank for investment & finance provides opening account for NGOs, defined as non-profit organizations that operates independently of any government.
- And it requires to obtain the approval of the Council of Ministers before opening the account.
Required documents to opening accounts
Required documents to opening account for Iraqi's
- Civil status ID.
- Iraqi nationality certificate.
- Passport.
- Employee ID, Chamber of Commerce identity or company support letter.
- Residential card.
- 2 photos.
Required documents for opening account for non-Iraqi's
- Passport.
- Residential card, for not less than a year.
- Workplace support letter.
- 2 photos (with white background).
Required documents for open business account for Iraqi companies
- Establishment decision of the company.
- Approval of the company establishment.
- Company foundation certificate.
- Meeting proceeding shows permisions of general manager.
- Tax accounting.
- All certified documents by the companies registeration department.
- Company budget.
- Company seal.
- Civil status ID (For founders and General manager).
- Iraqi nationality certificate (For founders and General manager).
- Passport (For founders and General manager).
- Employee ID, Chamber of Commerce identity or company support letter.
- Residential card.
- 2 photos (For founders and General manager).
Required documents for open business account for non-Iraqi companies
- Establishment decision of the company.
- Approval of the company establishment.
- Company foundation certificate.
- Meeting proceeding shows permisions of general manager.
- Tax accounting.
- All certified documents by the companies registeration department.
- Company budget.
- Company seal.
- Open branch in Iraq.