Swift Transfers : Commercial Bank of Kuwait CBK

Name of the Organization : Commercial Bank of Kuwait
Type of Facility : Swift Transfers
Country : Kuwait

Website : http://www.cbk.com/en/retail-banking/index.cfm?i=133

Swift Transfers:

What is it?:
Method of transferring money abroad or locally to a specific beneficiary by swift instruction to foreign or local banks.

Related : CBK Apply For Consumer Loan : www.statusin.org/5893.html

Who Qualifies?:
Any customer.

How is the product used?:
As a quick means of transferring money abroad or locally.

Features:
** Available in most currencies in unlimited amounts.
** World-wide transfer facilities.
** Buyer receives an advice of purchase together with the signed copy of the transfer.
** Available to account and non-account holders.
** Commission and swift charges applicable.
** Refundable upon confirmation of non-payment by correspondent bank.
** Paid for in KD or any other major currency by debiting the customer’s account after applying the relevant exchange rate.

Incoming KD Remittances are credited to customer account in real time during working hours.

Benefits:
** Easy to cash.
** Payment arrangements in most countries.
** Detailed “advice” of purchase indicating the applied rate of exchange, the charged commission and the swift charge.
** Applicant need not be an account holder.
** A special rate of exchange is given for large sums on customer’s request.
** Security.
** Fast means of transfer.
** Transfers via Swift to Swift member banks are sent directly from branches and therefore beneficiary receives funds faster.

FAQs :
Can I withdraw cash on my credit card?
Yes, you are authorized to withdraw cash with your credit card, however this is subject to a Cash advances fees at a rate of 5%.

Can I use my Starlink (ATM) card outside Kuwait?
CBK StarLink/ATM card can be used all over the world on any ATM carrying any of following logos Visa- Master.

What are the locations for CBK premier lounges?
As a Premier Banking customer you will be able to enjoy benefits and services, Devoted Premier Banking officers, ready to assist you in private lounges/offices in 16 branches around Kuwait
** MAK
** Khaldiya
** Salhiya
** Ardhiya
** Shuwaikh
** Jahra
** Jabriya
** Rumaithya
** Salmiya
** Farwaniya
** Omariya
** Qurain
** East Ahmadi
** Sabah Al Salem
** South Surra
** Fahaheel

What if my credit card is lost or stolen?
If your card is lost or stolen, you should immediately report this to Commercial Bank of Kuwait – Call 1-888-225 and for overseas, dial +965 2299 0899. You won’t be liable for any unauthorized purchases or withdrawals from your account when you notify Commercial bank of Kuwait right away.

What are the documents required to open Al-Najma Account?
Civil ID Copy

What is the daily withdrawal limit on my CBK card?
CBK cardholders have the ability to withdraw cash amounts up to KD1, 000/- daily & usage on POS up to KD10, 000/- also daily.

What is Starlink plus?
This facility will allow the Starlink card holder who his/her salary is transferred to the bank getting amount up to 50% of the salary in advance through CBK ATM machine and POSs