NBKI London Tariff

 Tariff of Charges - London

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 Cheques

Personal/Bank Cheque sent for collection* 
Unpaid cheque or Direct Debit** £25 (Note information below regarding the Monthly Cap)
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 National Bank of Kuwait (International) PLC, 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 National Bank of Kuwait (International) PLC Paris.

Foreign Currencies

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

Safe Deposit Boxes (existing customers only)

 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)
Cheque book issuance £6
Copy cheques/letters/statements/advices £5 per item
Certificate of balance £15
Fixed Term Deposit Breakage £175

Please take note as follows :

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

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.

National Bank of Kuwait (International) PLC 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.

Tariff revised: June 2017
Effective from: 1 October 2017