1. BASIC
a. The Applicant warrants the complete accuracy of the information given upon the application to establish the Card Account and any subsequent communication with Bank;
b. The Applicant shall not make any payment to any person except the Bank in respect of goods or services with the use of the card;
c. The card can be issued in USD or in IQD.
d. The applicant can issue the card for himself/herself or for another beneficiary, relative from the first degree.
e. Applicant and/or beneficiary must not be under 18 years old.
f. There is no need to have an account in the bank to issue a card.
g. The card number, the Pin, the expiry date, the name and the CVC number remain confidential and should not be shared with other parties.
h. Subject to the right of the Bank in its absolute discretion and without prior notice, at any time to withdraw the right to use the card, or to refuse any request for authorization of, any particular Card.Transaction and to publish any such withdrawal or refusal.
i. This agreement shall be governed by the Iraqi and Kurdistan Regional Government Law;

2. USE OF CARD
The card must be signed by the Cardholder immediately on receipt and may only be used:
a. By that Cardholder;
b. For ATM cash withdrawing and purchase through POS and not for internet use.
c. Subject to the Terms of Agreement current at the time of use;
d. To obtain the facilities and benefits from time to time made available by the Bank in respect of the use of the Card;
e. For any lawful purpose, including the purchase of goods or services not prohibited by the Iraqi and Kurdish Law;
f. The validity of the card is one year and can only be used during the validity period appearing on the Card;
g. The minimum limit of the card will be USD 500 or IQD 500 000 and the maximum limit will be USD 3000 or IQD 3 000 000. The first minimum value issuing limit will be for the amount of USD 500 or IQD 500 000.
h. Within the credit limit. In deciding whether this has been exceeded the bank may take into consideration the amount of any card transaction not yet debited and any authorization given by the bank in respect of any prospective Card Transaction;

3. FEES AND OTHER CHARGES
a. Details of the joining fee, first year’s subscription fee and charges payable in respect of each Additional Authorized User shall be advised by the bank and paid by the Applicant upon Application for the establishment of a Card Account; the amount of this yearly fee is USD 15 or IQD 15000.
b. Cardholders will pay the bank a transaction fee for each cash withdrawal at any ATM (domestic or international), which do not belong to Region Trade Bank.
– Maximum withdrawing amount per transaction USD 250 or IQD 250 000. (maximum 4 daily ATM transactionsfor the total amount of USD 1000 or IQD 1 000 000)
– Cash withdrawal fee per transaction is USD 5 or IQD 5000.
c. A markup fee of 2.75% will be charged if the transaction currency is other than USD.
d. A recharging fee of USD 5 or IQD 5000 will be collected for each USD 500 or IQD 500 000.
e. If the card was lost, stolen or damaged the bank will collect USD 15or IQD 15000 for reissuing the card.
f. For PIN regeneration a fee of USD 5 or IQD 5000 will be charged.

4. TERMINATION
a. The Applicant may terminate this Agreement by written notice to the bank but such termination shall only be effective on the return to the bank of the issued card, and the payment of liabilities of the Principle Cardholder, under this agreement.
b. If the applicant asks for a refund of the credit balance and/or canceling the card a fee of USD 5 or IQD 5000 will be collected.Within 60 days the remaining amount on the account will be refunded.
c. The beneficiary card holder cannot ask for a refund of the credit balance.

5. GENERAL
a. The Applicant shall immediately notify the Bank card department, in case of any change of name of address.
b. Any other facilities or benefits made available to Cardholders as such and not forming part of this agreement may be withdrawn at any time without notice;
c. When disputing suspicious transactions the applicant will be responsible for all fees, fines and penalties.