Kuwaiti FI lets customers open investment deposits at ATMs

Jan. 7, 2013

Kuwait Finance House is now offering a service that allows customers to open investment deposits using ATMs throughout the emirate of Kuwait. The move is part of a KFH strategy to provide innovative customer services, said an article by AME Info.

"The requirements of using the new service are very simple. The client must have in any of his accounts the minimum amount of money needed to open an investment deposit," said Kuwait Finance House CEO Anwar Al-Ghaith in an announcement of the new service.

"Clients can use ATM machines in opening the deposit and in transferring the money from his account to the deposit without the need to go to the branch for any approvals or signatures. Profits begin once the process is complete," he said.

Deposits available through the KFH ATM program offer various minimum limits and time frames in investment. Customers can choose to make deposits in dinar or foreign currencies, with monthly, quarterly, semi-yearly, or yearly returns.

Some deposits offer an investment rate of 100 percent of the value of the deposit. A customer may cancel the deposit at any time without cancellation fees or loss of profits, the article said.

For more on this topic, visit the multi-function ATM research center.

Topics: ATM Innovation , Bank / Credit Union , Middle East & Africa , Retail / Off-Premises

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