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National Bank of Kuwait review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

National Bank of Kuwait suits expats and businesses in Kuwait who want current and savings banking under one roof rather than two separate apps. The current account costs KWD 0 a month, but the saving side pays a thin 0.062% on a variable basis.

Key facts

Best for
A no monthly fee current account and an easy-access savings pot held with the same provider.
Monthly fee
KWD 0↗
Currencies
3↗
Local account details
IBAN↗
Transfer fee
Free for online banking transfers from Kuwait to an NBK Egypt beneficiary (NBK Egypt Account)↗
Legal entity
National Bank of Kuwait↗
Headquarters
Kuwait↗
Founded
1952↗
Support channels
Phone, Help-centre↗
Audience
Expats, Business
Pricing model
No monthly fee
Official website
nbk.com

Savings

Headline rate
0.063%↗
Rate type
Variable↗
Minimum deposit
KWD 100 to KWD 500↗
Access terms
Unlimited withdrawals, interest credited twice a year, no notice period, no ongoing minimum balance↗
Account kind
Easy access↗

Money transfer

Payout methods
Bank↗
Fee to send 1,000
KWD 0↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaXLinkedInnbk.com

Pros and cons

Pros

  • The savings account is easy access, with a minimum deposit of KWD 100 to KWD 500 and a variable rate.
  • Withdrawals are unlimited, with no notice period and no ongoing minimum balance once the account is open.
  • Online banking transfers from Kuwait to an NBK Egypt beneficiary are free, with a transfer fee of KWD 0.
  • Local account details come as a iban, and payouts run to a bank account.

Cons

  • The current account covers 3 currencies, well under the site median of 5.
  • The saving return sits below the site median of 3%.
  • Support runs on phone and help centre only, so no live chat or in-app messaging is offered.
National Bank of Kuwait

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Scored 9.3 / 10 by VaultCue.

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Who it suits

  • Expats and residents in Kuwait who want a local iban and a current account with no monthly fee.
  • Businesses keeping day to day money in a no monthly fee current account.
  • Savers who can start at KWD 100 to KWD 500 and draw the money back whenever they need it.

Who should look elsewhere

  • PayPal Colombia, if you want many currencies in one place, since the current account covers 3.
  • Skrill, if you need chat or email help, since support runs on phone and help centre.
  • Plazo ES, if you are chasing a higher saving rate than 0.062%.

Rates and terms

The savings account pays a variable rate of 0.062%. Because the rate is variable, the return tracks the bank's own pricing and can move over time rather than being locked for a term. For most Kuwait-based savers, that trade favours access to the balance over a fixed return.

How National Bank of Kuwait compares

Where National Bank of Kuwait is available

Available
Egypt, Kuwait

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the current account cost each month?+

The current account has a monthly fee of KWD 0, and the model is a no monthly fee product. The savings account is a separate product, so the fee figure applies to day to day banking only.

What interest does the savings account pay?+

The savings account pays a headline rate of 0.062%, and the rate type is variable. Interest is credited straight to the balance, so the money keeps earning while it stays withdrawable rather than being tied up for a term.

Is there a minimum deposit to open the savings account?+

Yes: the minimum deposit is KWD 100 to KWD 500, and the account also carries no ongoing minimum balance once it is open. Withdrawals are unlimited and there is no notice period, so the money is there when needed.

How many currencies can I hold?+

The current account covers 3 currencies, which is well below the site median of 5. It is a Kuwait-focused current account, and local details come as a iban for receiving payments.

How do I move money to Egypt?+

Online banking transfers from Kuwait to an NBK Egypt beneficiary are free under the NBK Egypt Account arrangement, and the transfer fee is KWD 0. Payouts run to a bank account, which suits people who already hold one there.

Who is this account aimed at?+

The audience is expats and business, so expats and businesses in Kuwait are the natural fit. A no fee current account plus an easy-access savings account covers both day to day spending and a pot that can be drawn on at any time.

How do I get help if something goes wrong?+

Support runs through phone and help centre, so you get phone and help-centre access. There is no chat or email channel in that list, which can make quick questions slower to resolve than a wallet with in-app messaging.

Who is behind the accounts?+

The legal entity behind the accounts is National Bank of Kuwait, headquartered in Kuwait and founded in 1952. The current and savings accounts sit with the same provider rather than separate apps, so one relationship covers both needs.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.

Related by the facts

National Bank of Kuwait

National Bank of Kuwait

A no monthly fee current account and an easy-access savings pot held with the same provider.

9.3/10See alternatives