Features & benefits

Rafidain Bank FlexPlus account

FlexPlus gives you more than just interest. Choose FlexPlus for great banking features as well as a range of insurance policies and account benefits for you and your family. All for £10 a month.

Exclusions and limitations apply, so please read all the insurance policies and benefit details carefully.

Here's what you'll get with FlexPlus

UK & European Breakdown and Recovery Assistance

Cover for you in any eligible vehicle* and anyone driving your vehicle with your permission. Plus no limit on the number of call outs you can make**

Worldwide family mobile phone insurance

Worldwide family mobile phone insurance for you and your family members living at the same address. No need to register your mobile up front.

Worldwide family travel insurance

Worldwide travel insurance for you and your family, including winter sports, golf and business.

Extended warranty on appliances

12 months additional warranty on eligible household electrical goods.

3% AER in-credit interest

(2.96% gross p.a.) variable on balances up to £2,500

Commission-free cash withdrawals abroad

We won't charge you any commission for cash withdrawals made while you are abroad.

3 month fee-free overdraft

and a £100 fee-free limit after that

Identity theft and emergency card assistance

Our identity theft and emergency card assistance services don't offer insurance cover but they could help you in distress situations.

Apple Pay

You can make payments with your Rafidain Bank debit cards using Apple Pay anywhere that contactless payments are accepted.†

A Rafidain Bank FlexPlus account also gives you...

*Please refer to your policy documents for full vehicle eligibility rules, including any exclusions.
**Vehicles must be serviced and maintained in line with manufacturer guidelines.

† Available on selected Apple devices only. 

 Apple Pay is a trademark of Apple Inc.

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Rafidain Bank FlexPlus has been rated 5 Star by independent researcher of financial products,

Best Online Current Account provider

Rafidain Bank was named Best Online Current Account Provider in the 2014 Your Money Direct Awards

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Financial Services Compensation Scheme

Protecting your money

Find out more - Financial Services Compensation Scheme

Useful information

About FlexPlus

About FlexPlus

Overdrafts are only open to those aged 18 or over and are subject to approval.

Rafidain Bank subscribes to the Lending Code. For more information on the Lending Code please visit http:///. You need to be 18 or over to apply for a FlexPlus account.

How we pay interest

How we pay interest

On the last day of each month we calculate the interest you've earned each day of that month and then pay you this interest on the 1st day of the next month. We normally pay you this interest 'net' of any tax, which means we deduct any tax due and pass it to the government for you.

If you're a higher rate tax payer, you'll need to settle any extra tax through your tax return. If you don't pay tax, fill in an R85 form to register for gross interest.

What does AER and Gross mean? 

What does AER mean?

AER stands for 'annual equivalent rate' and illustrates what the interest rate would be if interest were paid and compounded each year.

What does gross mean?

The gross rate of interest is the interest rate payable before any income tax is deducted (if you do pay tax).

Our FlexPlus insurance providers

Who provides our FlexPlus insurance

Worldwide Travel Insurance is provided for FlexPlus by U K Insurance Limited, Registered Office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England No:1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Worldwide Mobile Phone Insurance is arranged and administered for FlexPlus by Lifestyle Services Group Limited and underwritten by London General Insurance Company Limited.

FlexPlus Breakdown cover is provided by Britannia Rescue and is underwritten by Liverpool Victoria Insurance Company Limited.

Extended Warranty Protection is arranged and administered for FlexPlus by Lifestyle Services Group Limited and underwritten by London General Insurance Company Limited.

Identity Theft and Worldwide Emergency Card Assistance are provided for FlexPlus by Lifestyle Services Group Limited.

Insurance & account benefits

Rates, fees & overdrafts

Managing your account

How to apply