BRANCH & ATM LOCATOR
CONTACT US
Designed for individuals (Non Kuwaiti’s) and can only be opened through Sabhan branch.
- This type of account is designated for a non-Kuwaiti individual whose monthly salary is KD 300 (Kuwaiti Dinar three hundred only) or less and it can only be opened by visiting the Sabhan branch.
Customer services will be provided to the holders of this account in the Sabhan branch only. - The credit balance in the account is deemed to be a Qardh Hasan loan, from the Customer to the Bank, payable upon the Customer demand. No profits are payable to this account nor are losses charged thereto. The Bank may invest the balances of these accounts or any portion thereof to the benefit of the Bank shareholders.
- The account shall be managed by the account holder (customer), his legal representative, or his agent. It is understood that termination of the capacity of the person who manages the account shall not be deemed effective against the Bank unless the Bank receives a written advice to that effect.
- The Customer hereby acknowledges that he is the beneficiary of the account opened in his name.
- The maximum cash withdrawal limit is KD 500 (Kuwaiti Dinar five hundred) per day and the maximum number of point of sale transactions shall not exceed twenty (20) transactions daily.
- It is agreed upon that the account shall be deemed dormant if no debit or credit transaction is carried out by the Customer or his legal representative for a period of 12 months;
- The Bank may close the account if no salary transaction is credited in the account for a period of consecutive three (3) months and in such event, any available bal-ance in the account will be subject to the standard terms, conditions, and proce-dures;
- The K-net Debit Cards which are delivered to the customers upon the opening of the account without issuance fee can only be used through K-Net machines;
- No minimum balance is required;
- This account cannot be used for obtaining any credit facilities or credit cards;
- The Bank may set aside any amounts transferred to the Customer’s account if it in-volves suspicions of money laundering transactions according to the Bank’s discre-tion and without assuming any liability.
- Original valid Civil ID
- Account Opening Forms to be filled and signed by Al Amil account holder.
- ATM card application form to be filled and signed by account holder.
- Know Your Customer "KYC", Foreign Account Tax Compliance Act. "FATCA", and Common Reporting Standard "CRS" Forms to be filled and signed by account holder
