Kuwait is one of the prominent provinces among the Gulf countries. Within the past few decades, the petroleum and real estate industry has led to generating more and more employment opportunities. The currency of Kuwait is also high as compared to other countries; hence, people from several corners of the world seek employment in Kuwait. One Kuwaiti Dinar or KD consists of 1000 fils. When compared to US dollar, KD1 is equal to almost
Getting migrated to Kuwait is not the only task for the people, it also needs financial arrangements. In short, banking comes at first when you think to get landed in Kuwait. Here are some of the Kuwait banking services that you can easily avail while roaming around the country.
When banking services are considered, there is no option but having physical branches because we need them at least once in a quarter. Mini statements and money transfer can be done online, but there are several things for which you may need a physical branch; thus, Kuwait banks have multiple physical offices in the cities.
Though online banking has made all the transactions easy, we still need cash in our hand. Not everywhere the online payment works. ATMs are designed to withdraw cash without spending too much time in the queue. Today, ATMs also provide other services like passbook printing, check issuance etc.
Debit and Credit Cards
Plastic money has changed the banking sector drastically. Today, whatever we purchase online, most of the transactions are made through credit or debit card. Similarly, these cards are used while shopping at supermarkets and malls. The plastic money allows people to not having a bunch of cash in the pocket, which minimises the risk factor. Debit Cards will enable you to withdraw your money whereas using credit cards issued by any Kuwait bank; you can avail short term loans for your desired purchases.
Kuwait banks provide currency exchange centres in almost all the cities where you can exchange your existing currency with Kuwaiti Dinars and vice-a-versa. You will find currency exchange centres at shopping malls, famous squares, commercial complexes and many of the places in Kuwait.
Net Banking and Mobile Banking
Net banking is a necessity nowadays. People often track the spends and gains by sitting on the chair, i.e. using the internet. Similarly, Kuwait banks have their banking apps using which you can do the same transactions on your smartphones.
To conclude, Kuwait banks offer several services that help you a lot.