$150 USD balance?

[mqchau]

Do we have to keep a $150 balance? I heard from several of my friends that they don't. What would happen if I didn't?

Thanks

[rick25sandi]

what does this refer to

[Dinar Buddy]

What???

[cisole]

he is most likely refering to Warka

after all this is in the , Warka and Iraqi Banking section

[mqchau]

Yes the Warka online banking..sorry fellas

figure if the topic was under this forum people would know

Thanks

[rdm5130]

They are requiring me to keep 150usd minimum. Not sure what would happen if not. I know when I did my online transfer usd to iqd I had to leave enough to make the transfer. Hope this helps

[guster]

I think i've read that you have to keep the 150.00 min. or they will delete your account after so long... just like bank accounts in the US... you either have to keep a min or pay a monthly fee.

[mqchau]

Thanks for the answers fellas....this one guy that works with me has like 50 MIL in his IQD account and says I don't need to keep anything in my USD account. Im going to leave it there anyways...lets see what happens. I'm not going to take the risk. Not going to be greedy either...

what's another $150 converted into dinars anyways??? haha 175,200 dinars? RV at $3.00? hmm.... $525,000 USD...

just kidding I'm not going to risk it.

Thanks for the replies fellas

[guster]

Thanks for the answers fellas....this one guy that works with me has like 50 MIL in his IQD account and says I don't need to keep anything in my USD account. Im going to leave it there anyways...lets see what happens. I'm not going to take the risk. Not going to be greedy either...

what's another $150 converted into dinars anyways??? haha 175,200 dinars? RV at $3.00? hmm.... $525,000 USD...

just kidding I'm not going to risk it.

Thanks for the replies fellas

Good move! I wouldn't risk it either... here is an email that I got back from Warka, which mentions the minimum:

Dear Sir,

Our customer services department confirms the credit of your funds in the amount USD $ 465 which will be exchanged maintaining the minimum balance in your USD account $150.

ur e-banking department will issue your online login details deducting the annual subscription fee from your account IQD 15000.

Once the annual fee has been deducted the login details will be issued by our e-banking team.

[auto2nr1]

i think that is just the opening minimum that you need in order to fund your account. i wire money into my usd account then transfer it right away into my iqd account. i don't keep a minimum in my usd account. i don't think it is a problem.