NBK Tools

NBK Tools

Weather

C

Feels like
C
  • Humidity

  • Wind

  • Wind Speed

  • Sunrise

  • Sunset

Loan Calculator

Currency Convertor

Notifications

  • No new notifications

     

Fees, Charges and Regulatory

Fees and Charges

NBKI London Tariff

 

Outward Payments

UK Transfers £30
Other currencies £35
International Transfers(in currency of country) £30
International Transfers (not in currency of country) £35
Sterling or foreign currency draft £20
Query message on outward payment £20
Standing Order No charge
Set up of Direct Debit No charge

 

Inward Payments

Funds received for credit to accounts No charge

 

Personal/Bank Cheque

Personal/Bank Cheque sent for collection*  £25
Unpaid Cheque or Direct Debit** £25
Unpaid return of deposited Cheque** £25
Stop payment of individual Cheque £25
Stop payment of lost/stolen Cheque book £25

*Correspondent bank charges may also be levied
** We may represent a cheque up to three times. Each time a fee will be incurred.

Online Banking Services

UK Transfers £15
International Transfers to NBK Offices £20


Overdraft Facilities

Unarranged - All currencies Interest at 20% p.a. (21.94% E.A.R) (Note information below regarding the Monthly Cap)
Arranged Rates by agreement


Monthly cap 

The monthly cap on unarranged overdraft charges for personal current accounts is £100 for accounts held with NBKI - London.
1. The cap applies to charges made for: 
(a) going overdrawn when you, the account holder, have not arranged an overdraft; or 
(b) going over/past your arranged overdraft limit (if you have one). 

2. This cap covers any: 
(a) interest and fees for going over/past your arranged overdraft limit; 
(b) fees for each payment your bank allows despite lack of funds; and 
(c) fees for each payment your bank refuses due to lack of funds 

Note that the monthly cap does not apply to business current accounts and/or current accounts held by companies and other corporate bodies.  It also does not apply to personal current accounts held with NBKI - Paris.

 

Foreign Currencies

Purchase/Sale of all major currencies 1% (min £3)
Deposit 0.50%
Withdrawal 0.25%

 

Safe Deposit Boxes

Annual rental:

Small £300
Medium £400
Large £500

 

Short term rental (up to 3 months):

Small £150
Medium £200


Visa Debit Card

Annual fee per card £35
Replacement of lost/stolen card £35


Other Services

Annual fee for automatic inter-account transfer 
(To cover account activity)
£30
Cheque book issuance £6
Copy cheque/letters/statements/advices £5 per item
Certificate of balance £15
Fixed Term Deposit Breakage £175

 

Please take note as follows :

E.A.R. stands for Equivalent Annual Rate and represents the annual cost of an overdraft taking into account how often interest is charged to the account.  It does not reflect other fees or charges.

NBKI reserves the right to amend, add to or cancel its charges at any time, subject to applicable regulations. 

Charges will be applied immediately, at the time of each relevant transaction.
Charges for payments and transfers subject to the Payment Services Regulations 2009 will be additional to, and must not be deducted from, the amount due to the recipient in each case.

NBKI Paris Tariff

I - CONDITIONS APPLICABLE TO CURRENT AND DEPOSIT ACCOUNTS:

A) REMUNERATION
Current Accounts: DEBIT INTEREST=     EONIA RATE + 5%
CREDIT INTEREST=  0%
Deposit Accounts:

On a case by case basis depending on

the amounts and periods chosen

minimum USD 50.000/ EUR 50.000/ or equivalent

 

B) VALUE DATES
Credit: Cheques cleared in France  3 Business Days
Foreign cheques remitted for credit under usual reserve       15 Business days
Funds  received through the clearing house or similar          Day of Operation
 Debit: Cheques  2 Days before         presentation
Payment order  Day of Operation
Purchase of Currencies  Eve of Operation

 

II - TRANSFER OPERATIONS (OUTWARD PAYMENTS)

France/ EEE Transfer:  Euro  EUR 35/--
Other Currencies  EUR 65/--
 International Transfer /Outside EEE:          In Currency of Country  EUR 55/--
Not in Currency of Country  EUR 65/--
 Euro or Foreign Currency Bank Draft:  EUR 35/--
 Set up a direct debit   Free
 Cash Withdrawal from Plastic Card (Visa or Diners) with NBK Group        2% of the   amount

 

III - RECEIPT OF FUNDS  (INWARD PAYMENTS)

Funds received for the credit of your Euro Account                                   Free
Funds received for the credit of your Foreign Account      0.50% of the amount

 

IV - CHEQUES / DRAFT

Special presentation by Hand ( Central Paris) EUR 30/--
Unpaid Cheque EUR 60/-- per Item
Unpaid Direct Debit EUR 30/-- per Item

Return Unpaid of Cheque deposited to your account

(Correspondent's Charges may also be levied)                                          

EUR 30/-- per cheque

Cheque or draft sent for collection (Correspondent's Charges 

may also be levied)  

EUR 100/--
Stopping payment of an individual cheque EUR 35/--
Stopping payment of all cheques in a lost or stolen book    EUR 100/--

 

V - OTHER SERVICES

Cash Withdrawal over € 40.000/-- EUR 110/-- per Item
Purchase / Sale of major foreign currencies                                  2% min EUR 10/--
Copy cheque/transaction advice /statements/ letter EUR 5/-- per Item
Supplying copies of Utility or tax bills EUR 15/-- per Item
Certificate of Balance EUR 35/-- each
Account statement on monthly basis Free
Account statement on Weekly  basis EUR 30/-- per month
Information given on past transactions over 3 - 6 months EUR 50/-- per item
Information given on past transactions exceeding one year min EUR 100/-- per Item
Supplying Information to the auditors at customer's request     EUR 40/-- per Item
Fax - email recovery Charges EUR 30/--
Cheque-book sent by registered mail EUR 20/--
Hold mail at the counter EUR 100/-- per annum
Payment by direct debit Free
Dormant / Inactive Account Charges EUR 30/-- per annum
Account Management Fees EUR 60/-- per annum
Handling Charge EUR 8/-- per Item

 

Please take note as follows:

Days = calendar days

Charges for any service not listed above will be provided on request.

In addition to all those costs must be added the charges incurred by our correspondents and VAT if any.

The charges listed above are in EUR. Where your account is held in a different currency the charge will be made in the currency of your account and will be broadly equivalent to the EUR charge.

NBKI reserves the right to amend, add to or cancel its charges at any time, subject to applicable regulations and your account conditions.

Visa Card Registration

To go to the Registration page, please click here

Deposit Interest Rates

To view the PDF, please click here
To view the Fixed Term Deposit Summary Box, click here
To view the Notice Account Summary Box, click here

Automatic Exchange of Information

NBKI meets its automatic exchange of information obligations under US FATCA, UK FATCA (CDOT) and the Common Reporting Standard (CRS).

Please click here to view our AEOI declaration.

Timescales for making and receiving payments

Cut off times are shown in UK time.  Where we receive payment instructions after the specified cut off time we may not be able to process the payment until the next working day.

In the tables below “working day” for NBKI and other banks operating in the UK means any day of the week except Saturday, Sunday or any English public holiday.  When referring to a bank outside the UK (for example when an overseas bank is receiving a payment) it means any day on which the banks in that country are usually open.


Making electronic payments within the UK.  (All payments types are in GBP only except for internal transfers.)

Payment type Time it takes for payment to reach the recipient’s account Cut off times for us to make the payment that day
Internal transfers (payments to your other accounts with us or to accounts held by others with us) Same day 14.00
Bill payments using BACS[1] Within three working days 14.00
Payments to other banks in the UK Same day 14.00
Standing orders (using BACS) Within three working days 14.00
Direct debits (using BACS) Within three working days 14.00
Debit card payments Within three working days 14.00


Bankers Automated Clearing Service


For payments in currencies other than GBP, USD, EUR or CAD the cut off time is 14.00 one working day before the payment date.

If you want to make a payment in a different currency than the one in which your account is held we will convert the relevant amount into the currency you have requested, using our exchange rate applicable at the time.

 

Making electronic payments to those outside the UK

Payment type   Time it takes for payment to reach the recipient’s account  Cut off times for us to make the payment that day
 SEPA payments (payments in EUR within the Single European Payment Area [4])  By the end of the next working day.  Note that if the payment is received by a bank outside the UK on a non-working day in that country, it may take an additional day to reach the recipient’s account.  14.00
 All other electronic payments outside the UK  These payments will be made by SWIFT transfer and will usually be credited to the recipient’s bank account on the day received, unless received after the cut off time of the receiving bank, in which case the sum will be credited on the receiving bank’s next working day.  14.00


 [4] As of July 2015, SEPA consists of the 28 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), Andorra, Monaco and San Marino.

 

Cash withdrawals

 Withdrawal type When debited to your account 
 At the counter of our branch  Immediately​
 Via our branch ATM​  Within 3 working d​ays
 Via any other ATM​  Within 3 working days​

 

Cash paid in 

Where paid in   When credited to your account
 At the counter of our branch Immediately.  Any such sums will be available for withdrawal immediately assuming you have sufficient funds to meet the withdrawal. 


Cheques you write 

Where cheque is paid in    When debited to your account
 Into our branch  Same day
 Specially presented  On the day we receive your cheque
 GBP cheques paid into other UK banks  Usually two working days after the recipient pays the cheque into their account
 All other cheques  The day the cheque is presented to us for payment.  This may take longer than two working days.

 

Cheques paid in to your accounts

Cheque type   When credited to your account
 Cheque in GBP drawn on a bank in the UK Two working days later.  Note that this is when you receive value.  You may not be able to draw on the amount credited until three working days have elapsed.  For example, a cheque paid in on Monday would receive value on Wednesday and you could draw on it on Thursday.  We​ will be allowed to reverse the cheque within six working days of it being paid in, for example because there were insufficient funds in the payers account to meet the cheque.

 

 Foreign cheques i.e. cheques in currencies other than GBP or drawn on banks outside the UK We will collect the amount of the foreign cheque first and then pay the money into your account.  We may wait a short time before paying the money into your account to make sure that the foreign cheque is not going to be returned unpaid.  If a cheque is in a currency different from that in which your account is held we will convert the cheque into the currency in which your account is held at our exchange rate prevailing on the day of conversion.  

 

 

Electronic payments paid to you

Payment type  Day credited to your account (if received by cut off time)  Cut off times for us to credit to you on day of receipt 
 GBP payments  On the day of receipt  15.00
 Payments in other currencies  On the day of receipt  15.00


If an electronic payment is received in a currency different from that in which your account is held we will refer to you on a case by case basis for your instructions. 

Important Information for Customers and Others

FSCS Deposit Protection

Your eligible deposits with National Bank of Kuwait (International) PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Please click here for further information or visit www.fscs.org.uk

To view the FSCS leaflet please click here