22 March 2018

National Bank of Kuwait offers automated payroll services

Source: NBK website. Salary Portal services include remote transfer of salary.
Source: NBK website. Salary Portal services
include remote transfer of salary.
The National Bank of Kuwait (NBK) has introduced a salary portal to help business owners pay salaries and comply with all Ministry of Social Affairs and Labor reporting requirements easily.

“NBK is always looking for simple and convenient solutions to make banking easier and more efficient for our customers,” said Faisal Al-Fulaij, Deputy Head of Business Banking National Bank of Kuwait, “We take a lot of time to know our customers’ needs and create innovative, easy-to-use products to that end.”

With the NBK Salary Portal companies can transfer monthly allowances or salaries each month remotely. The salary portal then processes the salaries and creates a record of the payments which is then automatically sent to the Social Affairs and Labor Ministry of Kuwait. This simplifies compliance with government regulations and also creates an audit trail while reducing errors or inconsistencies. NBK charges KD1 per salary for the service.

NBK has 13 dedicated business banking hubs around the country including at the Head Office, Surra, Shuwaikh, Al Tadamoun, Mubarak Al-Kabeer, Jabriya, Arraya Tower 2 (fifth floor), Fintas, Salwa, Sharq, Al Ghazzali, Ras Salmiya and Hawally. The hubs are staffed with relationship officers dedicated to serving the needs of business banking clients. NBK Business Banking also offers point of sale, business credit cards, online banking, insurance, business loans, letters of credit and guarantee and local bill services.