Banks Will Charge A Fee Of 1 Kwd For Online Transfers From June 1st

Starting in June 2022, all internet transactions, including salary transfers, will be charged a fee of one dinar.

According to the source, several local banks have already warned clients that beginning June 1, 2022, transfers to corporate accounts would cost KD 1 while transfers to personal accounts will cost 500 fils. This includes all Internet and mobile transfers.

Any foreign transfer will cost 6 dinars, according to reports. Meanwhile, several banks have announced that they will not charge for payments made using web connections, which are widely used by both businesses and consumers. ....

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