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» Warka Bank
THIS WEBSITE HAS NO RELATIONSHIP WHATSOEVER WITH "WARKA BANK". You assume all risk of harm should you do business with "Warka Bank".
WE ADVISE YOU NOT TO SHARE YOUR ACCOUNT NUMBER WITH ANYONE OVER THIS SYSTEM - SOMEONE COULD USE YOUR INFO TO GET YOUR MONEY! _______________________________________________
Please find below a list of informative and helpful posts regarding Warka along with their links.
Some people have opted to open a Warka account in order to obtain the Central Bank of Iraq exchange rate. Warka cannot send you dinars so your money must stay in the account until you decide to exchange your dinars back to your currency of choice at the exchange rate of that day and have it wired back to you.
Some have opted to use Warka for their brokerage services to purchase stocks on the Iraq Stock Exchange (ISX).
As with all foreign bank accounts, your funds are subject to the laws of country of that bank. Banks outside of the US are not insured by the FDIC. This implies inherent risks.
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Below are links to step by step instructions on how to open Warka accounts:
They will be opening two accounts for you:
Current Account (in dollars) - no interest is applied to account
Savings Account (in dinars) - interest is applied
Minimum account balances necessary to open accounts:
Current Account (in dollars) - 150.00 USD
Savings Account (in dinars) - 300,000 IQD
Dormant accounts (accounts that fall below the minimum) will be charged fees every three months.
How To Open A Warka Investment Bank Account