NBK National Bank of Kuwait : Account Opening Procedure
Name of the Organization : National Bank of Kuwait
Type of Facility : Account Opening Procedure
Country : Kuwait
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Website : http://kuwait.nbk.com/personal/accounts/default_en_gb.aspx
Account Opening Procedure :
Current Account:
** Minimum opening balance of KD 500.
** Option to open account in KD, US Dollar, Pound
Related : NBK Zeina Account Opening : www.statusin.org/5886.html
** Sterling or Euro
** A free Visa Electron ATM card.
** View and manage your account on
** Watani Online.
Trust Account:
** A minimum opening balance of KD 100
** A free Visa Electron ATM card
** View and manage your account at Watani Online
Watani Express Account:
** A free Visa Electron ATM card
** Free access to Watani Online
Al Jawhara:
** Best prize money account
** Non-interest bearing account
** KD2 charge will be applied if account balance drops below KD200
Watani Super Account:
** Free Visa Electron ATM card/ Debit
** Daily interest,paid quartely in a year
** Can be opened in KD currency and other major currencies (US Dollar,Sterling,Euro,Japanese Yen,Swiss Franc)
** Free Online Banking and easy access to Phone Banking through 1801801
** Free subscription to SMS Banking
Savings Account:
** Free Visa Electron ATM card/ Debit card
** Can be opened in KD currency only
** Free Online Banking and easy access to Phone Banking through 1801801
** Free subscription to SMS Banking
** Monthly interest, paid twice a year
NBK Term Deposit:
** Free online banking with easy access to
** Phone Banking through 1801801
** Free subscription to SMS Banking
** Can be opened in KD currency & other major currencies
NBK Flexible Term Deposit:
** Competitive interest rates
** Choice of monthly, quarterly, six-monthly and annual interest payouts
** Available in different tenors ranging from 6 months to 3 years
FAQs :
How is the interest calculated?
Interest is calculated monthly and credited to your account twice a year on the 31st of May and the 30th of November. The minimum balance to be eligible for interest is KD 500 (interest is calculated based on the minimum balance in the account during the month).
Can I open this account in other currencies?
No, this account is available in KD only.
What happens if I stop using my account?
If there is no activity on the account for 1 year, the account will go into a dormant status. If there is no activity on the account for 5 years or more, the account will go to unclaimed status.
A KD 2 monthly fee will be charged to dormant and unclaimed accounts. You may visit any branch and reactivate your dormant and unclaimed account – a fee of KD 5 will be charged for all reactivations.
What is required to get a checkbook?
You need approval from your branch manager.
Can my checks be of any size or are there guidelines around standard check sizes?
As per the Central Bank of Kuwait’s instructions to all local banks, only checks meeting the standard size requirements will be accepted for processing. Checks should either be 20.3 cm x 7.6 cm or 22.8 cm x 8.9 cm.