Fees, Charges and Regulatory

Outward Payments

Inward Payments

Personal/Bank Cheque

*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

Overdraft Facilities

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

Safe Deposit Boxes

Annual rental:

Short term rental (up to 3 months):

Visa Debit Card

Other Services

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.

I - CONDITIONS APPLICABLE TO CURRENT AND DEPOSIT ACCOUNTS:

II - TRANSFER OPERATIONS (OUTWARD PAYMENTS)

III - RECEIPT OF FUNDS  (INWARD PAYMENTS)

IV - CHEQUES / DRAFT

V - OTHER SERVICES

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.

To view PDF click here.

To view the Fixed Term Deposit Summary Box, click here.

To view the Notice Account Summary Box, click here.

To view the Watani Super Account Summary Box, click here.

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.

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.)

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

 [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

Cash paid in 

Cheques you write 

Cheques paid in to your accounts

Electronic payments paid to you

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. 

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