The Salary Payment Mechanism System reform (cash withdrawal machines)
For the interest of work requirements and to maintain the integrity and stability of the Iraqi payment system and the salary settlement project, it was decided to oblige banks participating in the salary settlement project and electronic payment service providers (collectors) to:
1. The salary settlement project programs should not be combined with the cash withdrawal service and they are not included in any of the offers submitted by the banks participating in the salary settlement project and electronic payment service providers (collectors).
2. The commission for cash withdrawals through cash withdrawal machines (POC) is fixed at the rate of (6) per thousand and with a minimum of (2,000) Iraqi dinars, deducted from the card holder at the moment of the cash withdrawal process and it is visible in the customer’s bar.
The above shall be adhered to and implemented as of 1/1/2023 with the need to educate customers about that.
