NBK Tools

NBK Tools

Loan Calculator

Currency Convertor


  • Important Announcement

    Dear Customer, please note that we're introducing a new minimum balance threshold and a minimum balance charge to our accounts in London. Please contact your Relationship Manager in London for more information. Learn More

LIBOR Transition

LIBOR Transition

Interest rate benchmarks are being reformed. London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs) will cease to exist and will be replaced with alternate reference rates.


LIBOR Transition Update (October 2021)

LIBOR Transition Update (February 2021)

LIBOR is Being Replaced (March 2020)

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
USD Payments Outside The USA USD 60



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.


Safe Deposit Boxes

Annual rental:

Small £300
Medium £400
Large £600


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 2017 will be additional to, and must not be deducted from, the amount due to the recipient in each case.

Automatic Exchange of Information

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

View 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.


Additional fees payable by Retail and Private Banking customers with current accounts

Minimum Balance Charge: 

A Minimum Balance Charge is payable monthly in arrears by customers maintaining Accounts (in any currency) with us when the average monthly balance of the Accounts for the applicable month drops below the applicable Minimum Balance.  This fee will be charged to your Account during the first week of the month following any calendar month that your total balances are below the agreed Minimum Balance or the currency equivalent at the calendar month end.

Please see above link Deposit Interest Rates for details for Minimum Balance.

Minimum Balance Charge (charged Monthly when applicable):

Retail Banking £50 or equivalent
Private Banking £100 or equivalent

The balance calculation for a month is calculated using the daily average of the total of the credit balances of all your accounts and the total amount deposited with the National Bank of Kuwait (International) Plc.

The Minimum Balance Charge does not apply when you hold a loan with NBKI, or a fund distributed by NBK (London) Nominees.

The Minimum Balance Charge is debited from your Account held with the National Bank of Kuwait (International) Plc..

If the balance in your instant access accounts (Current and Watani Super accounts), is insufficient to cover the Minimum Balance Charge (for example below £100) we will contact you directly to top up your account.

If the due fees are not received within 1 month of notifying you, or after 2 months of not being able to reach you despite our best efforts, we reserve the right to:

  • Debit the accumulated fees from your deposits when they mature (if applicable)

  • To proceed with the closure of accounts in line with our Conditions.

Please our FAQ’s available on our website for further details.

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.