Reform of the payroll Mechanism System (cash withdrawal devices)
November 13, 2022
In order 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 programs of the salary localization project are not integrated with the cash withdrawal service and are not included in any of the offers provided by the banks participating in the salary localization project and electronic payment service providers (collectors).
2. The commission for cash withdrawal through cash withdrawal devices (POC) is fixed at (6) per thousand and with a minimum of (2,000) Iraqi dinars deducted from the cardholder at the moment of making the cash withdrawal and is visible in the customer's bar.
The above will be complied with and implemented as of 2023/1/1, with the need to make customers aware of this.