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Number of bank accounts
Economical 02/18/2024
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Muhammad Sharif Abu Maysam
The (number of bank accounts) measure is among the most important measures used to determine the rate of use of financial services in the banking sector, as it gives an impression of the development of financial inclusion tools, and establishes the basis for knowing the ratio of bank accounts to the number of adult residents, as well as the credibility of what is said regarding the use of ATMs with... The spread of electronic payment tools.
However, this measure is not considered an accurate measure in cases where the branches of some government banks rely on procedures that oblige customers to open formal accounts by placing an amount of money that may not be less than 200 thousand dinars, as a condition for completing a credit transaction, for example, or in the event of purchasing... A housing unit, as in some government banks that entered as an investor who buys housing units from the relevant authorities and sells them to the public. This procedure is recorded in the statistical tables to be an account number added to the table of the number of open accounts that is calculated for the benefit of the bank and the relevant branch, as it gives a positive impression of The bank, as a financial institution, contributes to the success of the financial inclusion program through the increase in the number of open accounts, while the customer leaves after completing his transaction and may be thinking that the amount of two hundred thousand dinars is included in the transaction completion fees, because he does not provide a check book or an electronic payment card, so he ignores the amount that will be transferred. In the future for the benefit of the branch after a period of time during which the account is not moved.
Here we have a number of observations, the most important of which is coercion, which obligates the customer to open an account without his desire, under the pretext of completing the credit transaction, and then obliges him to put an amount in this account, contrary to the instructions of the Central Bank of Iraq, which prevent banks from forcing customers to put money when opening bank accounts, and this coercion. It gives an inaccurate picture to those in charge of the financial inclusion program regarding the inaccuracy of the concept of access to finance, which goes into the statistics of the ratio of bank accounts to the adult population, with the aim of arriving at the rate of use of financial services, and it certainly applies to the accuracy of other measures, such as the number of users of ATMs. Automated teller machines, as the number of people who are forced to open accounts without their knowledge or knowledge and without their desire is increasing, as not everyone who opens a bank account has the ability to use automated teller machines, and it is currently important to spread banking awareness among people and emphasize the importance of digital transformation among the limited and low-income classes. income, as is the case with the middle class, and emphasis is also placed on the dissemination of electronic payment tools in commercial centers to be an important element in measuring the availability of financial services.
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