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Fees and Charges

Fees and Charges

NBKI 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

USD payments to USA USD 50.00
USD payments outside the USA USD 60.00


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)
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.

Visa Card Registration

To go to the Registration page, please click here

Deposit Interest Rates

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.

To view the Current 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
 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



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.



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