NBK adds exclusive benefits to the youth under premium family banking

Including Access to SmartWealth Investment Solutions From $100 Monthly

  
NBK adds exclusive benefits to the youth under premium family banking

Hashim: NBK is keen to enrich the banking experience of its customers from the youth segment, and to continue offering them new services

We seek to instill the culture of saving in the youth, and provide them with the most advanced investment solutions

National Bank of Kuwait (NBK) is keen to provide the latest and most advanced banking services to all its customers, especially from the youth segment, for which the bank is committed to offer an exceptional banking experience. In this context, the bank is providing exclusive benefits for the youth under Premium Family Banking Customers.

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.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases