Boubyan Bank    Banking Solutions    Fees

Fees




Article No.

  1. Cards

Fees

 

 

 

1/1

Fees of Issuance/Renewal:

  1. Issuance/Renewal fees of Visa + MasterCard (basic – classic) Charge/Revolving cards (except the offers made by the bank)
  2. Issuance/Renewal fees of Visa Platinum (Visa Gold formerly) + MasterCard Platinum (MasterCard Titanium formerly) Charge/Revolving cards (except the offers made by the bank)
  3. Issuance/Renewal fees of Visa Signature + World MasterCard Charge/Revolving cards (except the offers made by the bank)
  4. Issuance/Renewal fees of Visa (Infinite) + MasterCard (World Elite) Charge/Revolving cards (except the offers made by the bank)
  5. Issuance/Renewal fees of Prepaid Visa reloadable/non-reloadable (can be used till credit is consumed) (except the offers that the bank provides)

 

KD 50

KD 80

KD 150

KD 250

 

KD 10

 

 

1/2

Cash withdrawal fees:

  1. Cash withdrawal fees locally and globally of Visa or MasterCard (per transaction, regardless of the withdrawn amount)
  2. Cash withdrawal fees globally of debit card (per transaction abroad)
  3. Cash withdrawal fees inside Kuwait (K-Net) (per transaction)

 

 

KD 6

KD 1

100 Fils

 

 

1/3

Balance inquiry/Unable to withdraw due to insufficient funds

  1. Balance inquiry inside Kuwait (K-Net) per transaction
  2. Balance inquiry using debit card in the GCC countries (per transaction)
  3. Fees on insufficient funds using debit card globally (per transaction)

 

50 Fils

275 Fils

100 Fils

 

1/4

Fees of purchase and cash withdrawal settlements for customer outside Kuwait (Visa Electron – Classic/ formerly Gold/Platinum/ formerly Titanium/ Signature/World/Infinite Visa & MasterCard – Prepaid cards) are deducted in case the customer claims that the purchase or withdrawal receipts of the Visa or MasterCard are incorrect.

 

KD 5

1/5

Changing the temporary credit limit upon customer’s request

KD 10

1/6

Confirmation on purchase order conducted through online banking cards (sending fax to the offshore bank)

KD 3

1/7

Fees of reporting lost Visa/MasterCard (and the customer doesn’t want another one)

KD 5

1/8

Fees of sending card (all cards) to customer abroad via express mail

KD 15

1/9

Card delivery to customer locally 

KD 5

 

 

 

 

 

1/10

Fees of Supplementary Card Issuance/Renewal:

1. Issuance/Renewal fees of supplementary Visa + MasterCard (basic – classic) Charge/Revolving cards (except the offers made by the bank)


2. Issuance/Renewal fees of supplementary Visa Platinum (Visa Gold formerly) + MasterCard Platinum (MasterCard Titanium formerly) Charge/Revolving cards (except the offers made by the bank).


3. Issuance/Renewal fees of supplementary Visa Signature + World MasterCard Charge/Revolving cards (except the offers made by the bank).

4. Issuance/Renewal fees of supplementary credit card with the same limit of the principal card (Classic) (both parties share same card balance)

5. Issuance/Renewal fees of supplementary credit card with the same limit of the principal card (Gold) (both parties share same card balance)

6. Issuance/Renewal fees of supplementary credit card with the same limit of the principal card (Platinum) (both parties share same card balance)

 

KD 25

 

KD 40

 

KD 100

 

KD 10

 

KD 20

KD 35

1/11

Reissuance/Replacement of lost/stolen/not received during 3 months Visa/MasterCard Credit Cards (fees include the reporting of lost/stolen Visa/MasterCard Credit Card)

KD 15

1/12

Reissuance/Replacement of damaged Visa/MasterCard Credit Card and upon customer’s request

KD 15

1/13

Card suspension by the bank due to credit card misuse (Classic + Gold + Platinum + Signature + Titanium + Infinite) without setting the number of trials

KD 10

1/14

Requesting a photocopy/copy/ out notice/ transaction document/ E&T (hotels/airline companies, etc.) per transaction

KD 10

1/15

Sending documents copy via express mail on behalf of the customer related to all credit card types

KD 10

1/16

Reissuance of lost/damaged/stolen debit card (for all accounts)

KD 5

1/17

Reissuance of cancelled debit card that was not received within 3 months (for more than 3 months of the card issuance

KD 5

1/18

New PIN issuance only for credit card replacements only (upon customer’s request)

KD 5

 

 

 

1/19

Fees of foreign currency withdrawals:

  1. Fees of using Visa Electron abroad with foreign currency in addition to currency exchange rate (per transaction) (ATMs)
  2. Fees of using credit card abroad with foreign currency in addition to currency exchange rate (per transaction) (ATMs)

 

2.5%

2.5%

1/20

Issuance of stolen/replacement prepaid card (for reloadable/non-reloadable cards)

KD 5

1/21

Fees of reloading prepaid card (upon customer’s request)

KD 1

1/22

Fees of balance transfer from prepaid card to customer’s account (upon customer’s request and before card’s expiry date)

KD 1

1/23

Fees of available balance settlement of an expired or inactive prepaid card (per month for more than 3 month of card’s expiry date)

KD 1

1/24

Print/Re-print account statement for more than 6 months (per page)

KD 1

 

2. Services Subscription/ Bill Payments

2/1

Annual subscription of SMS service if the subscription is for transactions less than KD 30 (free for the first year, then for transactions that exceed KD 30)

KD 2

2/2

Subscription renewal of SMS service

KD 2

2/3

PAY ME service for Corporates and Small Businesses

 

Subscription fees (paid once upon subscription)

KD 25

Monthly fees and commission for using the online payment service

In accordance with the agreed procedures with the businesses

 

3. Banking Drafts

3/1

Issuance/Amendment of banking draft (Demand Draft) (Additional KD 7 in case the customer wants to confirm the standing order)

KD 2

3/2

Suspension of banking draft (Demand Draft) or SWIFT draft (submitting the original standing order or SWIFT transfer)

KD 10

3/3

Suspension of banking draft (Demand Draft) upon customer’s request (reimbursement of standing order amount according to the correspondent banks’ system and bringing the original standing order)

KD 5

3/4

Issuance of lost bank draft (Demand Draft)

KD 5

3/5

Cancellation of bank draft request (Demand Draft) or SWIFT draft (in addition to KD 10 SWIFT fees)

KD 8

3/6

Local draft (in KD) SWIFT

KD 3

3/7

Local draft (in a foreign currency) SWIFT

KD 8

3/8

International draft (in a foreign currency) SWIFT (in addition to KD 5 coverage fees if applicable)

KD 8

 

3/9

Posted cheques under collection (PUR or OBC) for local or international banks

(Withdrawn cheques from another banks and posted under collection) (per cheque whether from local or international banks)

 

KD 5

3/10

Inquiry about incoming draft from correspondent banks

KD 8

3/11

Certified cheque/standing order issuance/amendment

KD 5

3/12

Amending local SWIFT data (customer’s mistake)

KD 3

3/13

Amending international SWIFT data (customer’s mistake)

KD 5

3/14

 Instant transfer through Western Union

 As per approved Service provider commission

 

4. Standing Orders

4/1

Initiating standing order – internal (in addition to 100 Fils per transfer monthly) within Boubyan

KD 5

4/2

Initiating standing order – for local/ international banks (in addition to KD 3 SWIFT fees per standing order for local banks and KD 8 SWIFT fees per standing order for international banks)

KD 10

4/3

Initiating standing orders  for finance corporations, in addition to the set fee per standing order (plus KD 2 per standing order)

KD 10

4/4

Standing order amendment/suspension/cancellation – for local banks

KD 10

4/5

Standing order amendment/suspension/cancellation – for international banks

KD 10

4/6

Initiating/Transferring standing order to non-profit local organizations outside the bank (KD 3 local SWIFT fee monthly)

KD 10

 

5. Cheques

5/1

Ordinary chequebook issuance:

  1. Issuance of a 10-leaf chequebook
  2. Issuance of a 25-leaf chequebook (large-sized leaves)
  3. Issuance of a 50-leaf chequebook (large-sized leaves)

 

KD 2     

 KD 5                                           

KD 7                               

 

 

5/2

Express chequebook issuance:

  1. Issuance of a 10-leaf chequebook - Express (same-day delivery if the request is submitted before 10 AM)
  2. Issuance of a 25-leaf chequebook (large-sized leaves) - Express (same-day delivery if the request is submitted before 10 AM)
  3. Issuance of a 50-leafe chequebook (large-sized leaves) – Express (same-day delivery if the request is submitted before 10 AM)

 

KD 2.500

KD 2.750

KD 5

5/3

Initiating/Amending/Suspending certified cheques

KD 5

5/4

Returned cheque due to insufficient funds (in case the balance is less than KD 10, the available balance will be deducted)

KD 10

5/5

Returned cheque for any other reason (different signature – the numbers are different than the letters – re-presented)

KD 5

5/6

Cheque cashing suspension

KD 5

5/7

Cancellation of an issued cheque book and has not been received by the customer within a month (or for any other reason)

KD 1

 

6. Safe Deposit Boxes

6/1

Insurance of safe deposit box key (returned when the safe deposit box is closed and in a good condition)

KD 50

6/2

Issuance of lost/damaged/additional safe deposit box key

KD 30

 

 

 

 

 

6/3

 

 

 

 

 

 

 

 

 

 

 

Safe deposit box rental:

  1. Renting box “A” size 10x30x50 for 1 year (in the branches where safe deposit boxes are available)
  2. Renting box “B” size 15x30x50 for 1 year (in the branches where safe deposit boxes are available)
  3. Renting box “C” size 20x30x50 for 1 year (in the branches where safe deposit boxes are available)
  4. Renting box “D” size 30x30x50 for 1 year (in the branches where safe deposit boxes are available)
  5. Renting box “E” size 45x30x50 for 1 year (in the branches where safe deposit boxes are available)
  6. Renting medium-sized box (B+C) for 1 month  (in the branches where safe deposit boxes are available)
  7. Renting large-sized box (D+E) for 1 month  (in the branches where safe deposit boxes are available)
  8. Renting large-sized box (B+C) for 3 months  (in the branches where safe deposit boxes are available)
  9. Renting large-sized box (D+E) for 3 months  (in the branches where safe deposit boxes are available)

 

KD 25

 

KD 35

 

KD 45

 

KD 55

 

KD 65

 

KD 10

 

KD 20

 

KD 20

 

KD 30

 

7. Other Fees and Charges

7/1

Less than KD 2000 cash withdrawal inside the branch for all accounts in case the customer has the ATM card (except people born on 1955 and people with disabilities)

KD 1

7/2

Customer name change as per court/official order

KD 5

7/3

Amending/Adding/Cancelling customer’s signature (except minor customers and who just turned the legal age)

KD 5

7/4

Issuing/amending bank’s power of attorney on a customer’s account upon customer’s request (it is necessary to proof the power of attorney and attain administration approval)

KD 5

7/5

Cancelling bank’s/general power of attorney on the customer’s expense and upon his request

KD 5

7/6

Approval of customer’s signature upon customer’s request for external use

KD 5

7/7

Freezing/Unfreezing all accounts (as per court order/internal reasons)

KD 2

 

 

7/8

Transfer from one account to another within the bank:

  1. Transfer from an account to another within Boubyan Bank – Customer’s other account
  2. Transfer the salaries of private sector (for private sector employees with salaries less than KD 300 monthly)

 

KD 0.500

KD 1

7/9

Reactivating an account (Account status: Frozen/dormant)

KD 5

7/10

Account closing/cancellation request before the lapse of 6 months

KD 5

7/11

Salaries processing (for salaries that are processed manually; to be deducted from the employer, not customers)

KD 1

8/1

8. Special Fees for Online Trading Services

 

9. E-services for Individuals

9/1

Elbooq Service

 

 A commission on the payments received in the customer's account to be deducted after the successful deposit

KD 0.500

A commission on each cardless withdrawal by the Elbooq customer through Boubyan Bank ATM network.

KD 0.100

 

10. Account Coverage (settlement between customer’s accounts)

10/1

Initiating special instructions for the coverage between accounts

KD 5

 

11. Real Estate Finance

11/1

Mortgage fees

KD 500

11/2

Mortgage cancellation fees

KD 50

11/3

Property valuation fee

According to the prime cost

11/4

Progress evaluation for real estate project

According to the prime cost

11/5

Contract fees with mortgage pledge

KD 50

11/6

Study fees and meeting recurrent customer requests to increase/revise extended finance limits

Maximum 0.125% of the finance value & a minimum of KD 250

11/7

Share mortgage contracts and checked in the Companies Registry

KD 300

11/8

Mortgage Investment Funds

KD 350

11/9

Other mortgage contracts (like store mortgage) and others

KD 250

11/10

Fixed deposits mortgage (for each deposit)

KD 25

11/11

Arrangement of lease with ownership contracts

KD 150

11/12

Contracts’ Assignment

KD 50

11/13

Informal mortgage contract while confirming the date with the ministry

KD 250

11/14

Replacement, change and release of the security within the finance’s term of validity

0.125% of the replaced security at a minimum of KD 100

11/15

Cost of insuring the property or other assets

As per the cost price

 

12. Personal Finance Services

12/1

Changing repayment method/standing orders/account number (inside the bank/account in another bank)

KD 5

12/2

Changing the vehicle's ownership

KD 10

12/3

Adding/cancelling/changing sponsorship or sponsor

KD 10

12/4

Debt transfer fees

KD 20

12/5

Installments Rescheduling Fees

KD 10

12/6

Completing a transaction (at the Ministry of Interior – General Department of Traffic) instead of the customer (selling – buying – other):

  • Dismissal of a vehicle under installments

 

 

 

KD 5

12/7

Cancellation of selling transaction after the issuance of an order/purchase request/signing contract

KD 10

12/8

Taking the stamp off the vehicle during installments

KD 10

 

13. Documents or certificates copy requests

13/1

Requesting a microfilm photocopy – bank notices copy – (inside or outside) Kuwait – (Duration)

KD 10

13/2

To Who It May Concern certificate (all types)

KD 5

13/3

Replacement of lost/damaged certificate for investment deposit certificate

KD 3

13/4

Account statement:

  1. Account statement for 1 year (per page)
  2. Account statement from 1 to 5 years (per page)
  3. Account statement from 5 to 10 years (per page)
  4. Account statement for more than 10 years (per page)

KD 1

KD 5

KD 10

KD 20

TRADE SERVICES STANDARD TARIFF

Product

Basic Rate

Min/Max

Import

LC Issue:

 

 

LC Issue(sight) Including Standby:

3/4 % flat.

Min KWD 50/-

LC Issue(acceptance) Including Standby :

1% flat.

Min KWD 50/-

Revolving LC issue

Same as above on full drawing.

Min KWD 50/-

LC Transfer

1/4 % flat

Min KWD 25/-

Insurance arrangement fee

KWD 2/- flat

 

LC with Agent comm clause

KWD 1/- during issuance and KWD 3/- for transfer of funds to another bank.

 

Morabaha LCs

As agreed

 

LC Amendment:

 

 

Financial (increase in value only)

Same as issue on the increased amount.

 

Non-Financial

KWD 15/- flat

 

LC Cancellation

KWD 15/- if LC expires unutilized.

 

Import bills under LCs:

 

 

Negotiation fees

1/4% flat

Min KWD 25/-

Discrepancy handling fees

USD 100/- flat for Import bills and KWD 20/- flat for local bills.

 

Restricted LC fees

KWD 15/- flat

 

Expired LC fees

1/8 % flat

Min KWD 15/-

Overdrawn amount

Same as issue on the overdrawn amount.

 

Reimbursement charges for Bills.

At cost

 

Delayed response fee

KWD 15/- flat if discrepant documents are not responded to by customers within 15 days after document arrival notice in case of sea shipment and 10 days after document arrival notice in case of air shipment.

 

Inward bills under collection:

 

 

Processing fees

1/8 % Flat

Min KWD 15/-

Paying Bank charges

KWD 15/- flat

 

Delayed Response fee:

Extra: a)Sight bill remain unpaid 2 months after
presentation.
b) Term bill remain unaccepted 2 months 
after presentation.
c)Term bill remain unpaid 2 months after
maturity:
1/16% p.m. or part thereof- Min. KD 15/- 

 

Murabaha IBC

As agreed

 

Avalization Murabaha

As agreed

 

Shipping Guarantee/DO endorsement

KWD 10/- flat

 

Guarantees

LG Issue:

 

 

Guarantee issued at the request of foreign correspondents

3% pa

Min 3/4 % or KWD 50/- whichever is higher

Tender Guarantees

1/8 % per 3 months or part thereof

KWD 30/-

All Other Guarantees

1.5% pa.

Min 3/8 % or KWD 30/- whichever is higher

LG Amendment:

 

 

Increase or Renewal

Same as issuance

 

Other Amendments

KWD 15/- flat

 

LG Advice:

 

 

Original

KWD 25/- flat

 

Amendment

KWD 10/- flat

 

Claim handling fee:

KWD 25/- flat

 

Exports

LC Advising:

 

 

Original

KWD 25/- Flat.

 

Amendment

KWD 15/- Flat.

 

Confirmation Commission

On case by case basis

Min KWD 30/-.

Document processing fees under LCs

1/4% flat

Min KWD 25/-

Discrepancy Handling fees

KWD 15/- flat

 

Reimburesment Fee under Reimb Auth.

KWD 25/- flat per claim

 

LC Transfer

1/4 % flat

Min KWD 25/-

LC Transfer Amendment:

 

 

Financial (increase in amount only)

Same as transfer

Min KWD 25/-

Non-Financial

KWD 15/- flat

 

Cancellation of unutilized LC

KWD 15/- flat

 

Outward bills for Collection:

1/8% flat

Min KWD 15/-

General

Parcel handling charges

KWD .250 per parcel

 Min KWD 5/- Max KWD 15/-

Postage

KWD 3/- flat

 

Short Swift

KWD 10/-

 

Long Swift

KWD 20/-

 

Short Telex

KWD 10/-

 

Long Telex

KWD 50/-

 

Courier

KWD 20/-

 

Assignment of proceeds

1/8 % flat

Min KWD 25/-

Custodial fees on all usance bills

KWD 15/- flat

 

Retail Guarantees with full cash cover

Tender Guarantees  Up to KWD 10000

Issue KWD 60 Amendment KWD 40

 

Tender Guarantees  above KWD 10000

Issue KWD 95 Amendment KWD 65

 

Other Guarantees  Up to KWD 10000

Issue KWD 100 Amendment KWD 60

 

Other Guarantees  above KWD 10000

Issue KWD 160 Amendment KWD 95

 

Guarantees Less than KWD 2000 (irrespective of type)

Issue KWD 30 Amendment KWD 20

 

Guarantee issued through correspondent-Tender

Issue KWD 240 Amendment KWD 150

 

Guarantee issued through correspondent-Others

Issue KWD 380 Amendment KWD 240