The exceptional benefits provided to the youth from the family members of Premium Family Banking Customers feature access to best-in-class digital investment services with SmartWealth by NBK Capital. SmartWealth is an online investment platform that offers global and comprehensive long-term investment and saving services, with financial advice, access, and exposure to global markets in a cost-effective manner.
The minimum amount to begin investing with SmartWealth is usually $5,000. However, youth under Premium Family Banking have the exclusive ability to start investing at only $100 per month, with a minimum 36-month subscription. This aims to develop better financial habits in the younger generation and positions investing as a way to work towards their goals.
In addition, the youth above the age of 15 can get a supplementary credit card free of charge, and choose between getting a NBK Multicurrency Prepaid Card free of issuance fees or NBK Visa Prepaid Card for of charge. They can also benefit from the offers and rewards available for Al Shabab Package before transferring student allowance, and enjoy an easy account opening process at National Bank of Kuwait – London and National Bank of Kuwait – Egypt prior to studying abroad.
On this occasion, Mr. Mohammed Akram Hashim, Head of Segments, Consumer Banking Group, National Bank of Kuwait, said: "NBK seeks to provide distinguished and exclusive services to our customers from the youth segment as part of our focus on offering them an exceptional banking experience including digital services and the unique rewards program tailored to meet their expectations."
Hashim added: "We seek to instill the culture of saving in the youth as part of our strategy to achieve financial inclusion. To this end, we have enabled them to open a SmartWealth account, which provides simplified smart investment solutions to help the youth begin building their financial futures."
Family Banking provides an array of exceptional benefits to family members of Privilege Banking Customers, including: Dedicated Relationship Manager, NBK Visa Infinite Credit Card free of charge for the 1st year, reduced fees on NBK Prepaid Cards and safety deposit boxes, free access for family members at many airport lounges worldwide, as well as a higher amount of 0% interest loan for newly employed family members who transfer salaries.
For the family members of Thahabi Packages Customers, they also receive a variety of exclusive services including: Dedicated Personal Banking Officer, NBK Visa Signature Credit Card free of charge for the 1st year, reduced fees on NBK Prepaid Cards and safety deposit boxes, in addition to a higher amount of 0% interest loan for newly employed family members who transfer Salaries.
All family members are eligible to enjoy NBK Family Banking services, up to 6 members in total.
For more information about the requirements to apply for Family Banking Services, please visit the nearest branch, call NBK Contact Center toll-free number, or visit the bank's website nbk.com.
© Press Release 2021