Current Account Opening Procedure : Kuwait Finance House

Name of the Organization : Kuwait Finance House
Type of Facility : Current Account Opening Procedure
Country : Kuwait

Website : http://www.kfh.com/en/banking-services/accounts-deposits/current-account.aspx

Current Account Opening Procedure :

Account Benefits:
** Ability to transfer your salary to the account.
** Ability to withdraw up to KD 2000 per day from any ATM machine.

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** Ability to get Visa/ MasterCard (As per KFH credit terms and conditions).
** Ability to benefit from International Calling Service by calling 180 3000 (Charges to be debited from your account).

Eligibility:
** The account holder’s age should be above 21 years. The account opening is subject to an approval from the Branch Manager or his deputy while considering the necessity of opening this account.
** The original Civil ID should be presented when opening the account.
** Opening balance upon establishment should be KD 1,000, or it’s foreign currency equivalent.
** It is neither used in investment nor exposed to profit or loss.

Manage your account easily round the clock through our e-services:
** Call center (Allo Baitak #180 33 33).
** KFH website (KFH online).
** ATM machines.
** SMS Baitak.

For more information, please call Allo Baitak (180 33 33) at anytime, or visit the nearest branch.

FAQs :
What are the documents required for opening an investment saving account for establishments and companies?
Establishments : Commercial License – Commercial Register Certificate – Civil Information Authority letter showing establishment civil No. – Original civil ID for each of the authorized signatories.

Companies : Memorandum of Association duly authenticated – commercial register certificate – civil information authority letter specifying civil No. – Original civil ID of each of the authorized signatories based on the articles of association and amendments thereon.

Islamic charity societies and donation committees : Articles of association – official letter from Ministry of social affairs and labor authorizing the opening of the new account and determining the party authorized to manage the account – a letter from civil information authority showing civil No. – Civil ID of all persons authorized – KFH legal department approval to open account.

Public interest societies, cooperative societies and sporting clubs : Articles of association – official letter from Ministry of Education or Kuwait University naming the persons authorized to manage the account – Civil authority letter showing civil No. of union inside Kuwait – civil ID of persons authorized to manage account.

What is the minimum amount required for opening an account?
Minimum account required for opening an investment saving account is KD 100/- or equivalent in foreign currency.

I would like to transfer my salary to Kuwait Finance House. Which account can I use?
You may open a saving account with KD 100/- or an automated service (ATM) account with KD 10/-

Is it possible to issue a Cheque book on the saving account?
No. Cheque book can only be issued for current account.

Can KFH customer open more than one gold account?
KFH customer may not open more than one active gold account. It is not permitted to have more than one gold account in the customer file.