Warka ATM Card Works In 210 Counties
Officials from the Al Warka Bank in Iraq announced in a press conference in Erbil that a pre paid MasterCard tied to the global network is now available.
Banking with Warka in Iraq allows a foreign account holder to earn up to 6% annual interest with an Iraqi bank account without having to go to Iraq. There is only a $10US minimum to open the account also.
The new MasterCard for offered by Warka is the only one of its kind available anywhere in Iraq. The card is interfaced directly with the SWIFT banking system for easy International payments from any bank that accepts MasterCard payments.
Asking your Warka banker to set you up with one of these cards may be a good idea. Requesting the card to be linked to your Dinar savings account would be even better. These are simple features that would effectively allow you to withdraw your Dinars from a bank machine anywhere in the world. You would get the local currency instead of dinars and the exchange rate would include a new banking fee of about 2% minimum plus other fixed ATM fees for international use.
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Written by Darren Chabluk for http://DrDinar.com
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