Banking

Currency Conversion

Clients can convert currencies to trade in other markets by following either of the two methods:

• Electronically by logging in to the online trading account by entering a user name and a password; Select "Banking Services"; Follow the remaining steps.
• Forward the request to Customer Service Department; Fax: 0096522252564 or by e-mail to Customer Service This email address is being protected from spambots. You need JavaScript enabled to view it..

Account Funding

Clients can fund an account by following any of the below mentioned methods:

Wire Transfer:
You can transfer amounts from your bank account to any of KMEFIC's bank accounts. It is necessary to send the credit and debit advice including your name and your online trading account number to the Customer Service Department. Note that the direct cash deposits to KMEFIC accounts are not accepted.

K-net Funding:
You can fund your online trading account through K-net by logging on www.alaswat.com, select "K-net Fund Transfer" from the banking service drop list and enter the required details to complete the transfer.

Cheque Deposit:
You can fund your online trading account by issuing a cheque in the name of Kuwait and Middle East Financial Investment Company – online trading account or make a deposit in KMEFIC's local banks accounts. Send a copy of the cheque and the deposit advice to Customer Service Department. Please note that collecting a local cheque takes three working days.

Fund Transfer

Clients can withdraw funds from an online trading account by following either of the two methods:

• Electronically by logging in to the online trading account by entering a user name and a password; Select "Banking Services"; Follow the remaining steps.
• Fill the "Fund Transfer Request Form" and forward it to Customer Service Department; Fax: 0096522252564 or by e-mail to Customer Service This email address is being protected from spambots. You need JavaScript enabled to view it.

Fund Transfer Request Form