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What’s the difference between Bacs, CHAPS and Faster Payments?

Faster Payments are electronic payments that can be made online, over the phone, in branch or through self-service kiosks in fewer than 2 hours - so long as both banks are part of the Faster Payments Service. There’s no charge if you’re a Personal or Premier customer; business customers may be charged depending on their account.
Although most electronic payments sent through Faster Payments will arrive at the recipient bank on the same day, this isn’t guaranteed. For details of the service, visit the Payments Council website.
We automatically send payments through Faster Payments where possible. If the receiving bank doesn’t accept Faster Payments, we’ll send the funds via CHAPs.
Bacs is an electronic system to make payments directly from one bank account to another. They’re mainly used for Direct Debits and direct credits from organisations. The payments take 3 working days to clear, so money paid into your account on Monday will clear on Wednesday. 
CHAPS guarantees same-day payment so long as the instructions are received by 2pm on a working day. There’s no limit to the amount of money you can send, although there is a £25 charge for this service. 

Banking in Brazil for non residents

Opening a Brazilian Bank account for non-residents

The Central Bank of Brazil authorizes the opening of bank accounts in Brazil by individuals and entities who are non-residents.

Brazilian banks are not obliged to offer such service, each bank has its own procedure. You should contact Bank or give them a phone call to find out how to open Bank acount in Brazil as non REsident.

List of all the Banks in Brazil with their website bank Bank code.

654Banco A.J.Renner S.A.-
246Banco ABC Brasil
025Banco Alfa
641Banco Alvorada S.A.-
213Banco Arbi
019Banco Azteca do Brasil S.A.-
029Banco Banerj
000Banco Bankpar
740Banco Barclays
107Banco BBM
031Banco Beg
739Banco BGN
096Banco BM&F de Serviços de Liquidação e Custódia
318Banco BMG
752Banco BNP Paribas Brasil
248Banco Boavista Interatlântico S.A.-
218Banco Bonsucesso
065Banco Bracce
036Banco Bradesco BBI S.A.-
204Banco Bradesco Cartões
394Banco Bradesco Financiamentos
237Banco Bradesco
225Banco Brascan
M15Banco BRJ
208Banco BTG Pactual
044Banco BVA
263Banco Cacique
473Banco Caixa Geral - Brasil S.A.-
412Banco Capital
040Banco Cargill
745Banco Citibank
M08Banco Citicard
241Banco Clássico S.A.-
M19Banco CNH Capital
215Banco Comercial e de Investimento Sudameris
756Banco Cooperativo do Brasil S.A. -
748Banco Cooperativo Sicredi
075Banco CR2
721Banco Credibel
222Banco Credit Agricole Brasil
505Banco Credit Suisse (Brasil)
229Banco Cruzeiro do Sul
266Banco Cédula
003Banco da Amazônia
083-3Banco da China Brasil S.A.-
M21Banco Daimlerchrysler
707Banco Daycoval
300Banco de La Nacion
495Banco de La Provincia de Buenos
494Banco de La Republica Oriental del Uruguay-
M06Banco de Lage Landen Brasil
024Banco de Pernambuco S.A. -
456Banco de Tokyo-Mitsubishi UFJ Brasil
214Banco Dibens
001Banco do Brasil
047Banco do Estado de Sergipe
037Banco do Estado do Pará
039Banco do Estado do Piauí S.A. -
041Banco do Estado do Rio Grande do Sul
004Banco do Nordeste do Brasil
265Banco Fator
M03Banco Fiat
224Banco Fibra
626Banco Ficsa
M18Banco Ford
233Banco GE Capital
734Banco Gerdau
M07Banco GMAC
612Banco Guanabara
M22Banco Honda
063Banco Ibi S.A. Banco Mú
M11Banco IBM
604Banco Industrial do Brasil
320Banco Industrial e Comercial
653Banco Indusval
630Banco Intercap
077-9Banco Intermedium
249Banco Investcred Unibanco S.A.-
M09Banco Itaucred Financiamentos
184Banco Itaú BBA
479Banco ItaúBank
376Banco J. P. Morgan
074Banco J. Safra
217Banco John Deere
076Banco KDB
757Banco KEB do Brasil
600Banco Luso Brasileiro
212Banco Matone
M12Banco Maxinvest
389Banco Mercantil do Brasil
746Banco Modal
M10Banco Moneo
738Banco Morada
066Banco Morgan Stanley
243Banco Máxima
045Banco Opportunity
M17Banco Ourinvest
623Banco Panamericano
611Banco Paulista
613Banco Pecúnia
094-2Banco Petra
643Banco Pine
724Banco Porto Seguro S.A.-
735Banco Pottencial
638Banco Prosper
M24Banco PSA Finance Brasil S.A.-
747Banco Rabobank International Brasil
088-4Banco Randon S.A.-
356Banco Real
633Banco Rendimento
741Banco Ribeirão Preto
M16Banco Rodobens
072Banco Rural Mais
453Banco Rural
422Banco Safra
033Banco Santander (Brasil)
250Banco Schahin
743Banco Semear
749Banco Simples
366Banco Société Générale Brasil
637Banco Sofisa
012Banco Standard de Investimentos
464Banco Sumitomo Mitsui Brasileiro S.A.-
082-5Banco Topázio
M20Banco Toyota do Brasil
M13Banco Tricury
634Banco Triângulo
M14Banco Volkswagen
M23Banco Volvo (Brasil) S.A.-
655Banco Votorantim
610Banco VR
370Banco WestLB do Brasil
021BANESTES S.A. Banco do Estado do Espírito
719Banif-Banco Internacional do Funchal (Brasil)
755Bank of America Merrill Lynch Banco Múltiplo
073BB Banco Popular do Brasil
078BES Investimento do Brasil S.A.-Banco de
069BPN Brasil Banco Múltiplo
070BRB - Banco de Brasília
092-2Brickell S.A. Crédito, financiamento e Investimento-
104Caixa Econômica
081-7Concórdia Banco
097-3Cooperativa Central de Crédito Noroeste Brasileiro Ltda.-
085-xCooperativa Central de Crédito Urbano-CECRED-
099-xCooperativa Central de Economia e Credito Mutuo das Unicreds-
090-2Cooperativa Central de Economia e Crédito Mutuo das Unicreds-
089-2Cooperativa de Crédito Rural da Região de Mogiana-
087-6Cooperativa Unicred Central Santa Catarina-
098-1Credicorol Cooperativa de Crédito Rural-
487Deutsche Bank S.A. - Banco Alemã
751Dresdner Bank Brasil S.A. - Banco Mú
064Goldman Sachs do Brasil Banco Múltiplo
062Hipercard Banco Múltiplo
399HSBC Bank Brasil S.A. - Banco Mú
168HSBC Finance (Brasil) S.A. - Banco Múltiplo-
492ING Bank
652Itaú Unibanco Holding
341Itaú Unibanco
079JBS Banco
488JPMorgan Chase
014Natixis Brasil S.A. Banco Múltiplo-
753NBC Bank Brasil S.A. - Banco Mú
086-8OBOE Crédito Financiamento e Investimento S.A.-
254Paraná Banco
409UNIBANCO - União de Bancos Brasileiros
230Unicard Banco Múltiplo
091-4Unicred Central do Rio Grande do
084Unicred Norte do Paraná-

How to Receive Payments from Amazon

How to Receive Payments from Amazon to Payoneer

You can receive direct deposit transfers to your card and withdraw these funds in ATMs or use the card in any store or online. A new service is the ability to withdraw your earnings directly to your personal bank account, in an easy and secure way. For more information regarding this option please sign up from here.

 withdraw money from Amazon via ATM or debit card

How to Withdraw Payments from Amazon Using Payoneer MasterCard?

Payoneer is one of the worlds leading Payments, Payouts and Online Money Transfer company offer different facilities to their customers. They provide bank transfer facilities, international wire transfer and the most popular service is prepaid debit MasterCard to make money transaction more easy and secure.

Payoneer provides the facility to withdraw payments from Amazon using Payoneer prepaid debit MasterCard. If you are Amazon Affiliate marketer then you can easily transfer your Amazon affiliate earnings to Payoneer MasterCard and withdraw payment from your local area. Amazon affiliate marketers only withdraw their payment by Amazon Gift Card, Payment by Check or Direct Deposit to Bank Account (For USA Resident Only). So if you are out from USA then it’s not easy to get payment from Amazon because Payments by Check takes long time and also it’s expensive process. Payoneer solve this problem and provide Payment Withdraw Service from Amazon using their US Payment Service.

Banking in Kuwait

As a new landmark on Kuwait City’s skyline, the Central Bank of Kuwait will be a symbol of the country’s significant economic power in the 21st century.

Following an invitation-only competition, the Central Bank of Kuwait selected HOK to design its new headquarters in Kuwait City.
The triangular, truncated pyramid tower is intersected by a podium that contains reception and banking halls, conference facilities, dining and banquet rooms, and a museum.
The two stone walls of the southern, city-facing tower reduce energy consumption by functioning as a heat sink to absorb the harsh Kuwaiti sun during the day and use the stored heat to keep away the cold at night.
An all-glass northern elevation protects the interior from solar gain while providing panoramic views across the Arabian Gulf. At night, the top of the building will glow like a beacon.

Frequently Asked Questions (FAQ) by customers of banks, investment companies, and finance companies supervised by the Central Bank of Kuwait (CBK).

 Consumer and Installment Loans

What are the maximum limits for consumer and installment loans:
The maximum limit for consumer loans equals 15 times customer’s net monthly salary or continuous monthly income, up to KD 15 thousand. The maximum limit of installment loans allowed is KD 70 thousand including any consumer loan granted. 
What is the maximum limit of the monthly installment:
The maximum limit of the monthly installment shall not exceed 40% of employee’s (30% of pensioner’s) net salary or continuous monthly income. 
What is the consumer/installment loan term:
Consumer loan term is five years, renewable for one year maximum in case of non-performing loan. Installment loan term is fifteen years, renewable for 3 years maximum in case of non-performing loan. 
Is a bank customer entitled to borrow money in order to make payments of an existing loan from a different bank:
According to CBK’s regulations, banks should ensure that loans are used for the purpose specified, such as purchasing consumer and durable goods, education or medical expenses, in case of consumer loans. And for the purchase/restoration of private housing in case of installment loans. Loans cannot be used for payment of an existing loan from another bank. 
Is it permissible to combine the salaries of spouses:
Merging of customers salaries of first degree kinship including spouses, and sponsorship between spouses is not permissible for installment loans only according to CBK’s regulations issued on 8-6-2004. 
Does the bank have the right to reject customer’s loan application? What is the role of the Central Bank of Kuwait in this regard:
Loan-granting decision is delegated to the lender and is based on the credit study conducted. The Central Bank of Kuwait has no role in this respect. 

Credit Cards

What is the maximum limit of credit cards:
The maximum installment amount allowed, resulting from the usage of a credit card, shall not exceed ten times custmer's net salary or continuous monthly income, subjected to a maximum limit of KD 10 thousand. 
What is the allowed repayment period of debit balances:
Repayment period of debit balances resulting from the use of credit cards shall not exceed one year, non-renewable. 
Is a bank entitled to cancel a credit card without referring to the customer:
Cancelling a credit card is subject to the terms and conditions mentioned in the contract signed between the bank and the customer, not to the CBK's regulations. 
What is the maximum limit for the monthly installment of a credit card:
Total installments deducted from customer's account in settlement of debit balance resulting from the credit cards, including repayment of the installments of consumer installment loans - finance transactions - whether through the bank issuing the credit card or other creditor parties, shall not exceed 40% of employee's (30% of pensioner's) net salary or continuous monthly income. 

Interest Rates

What is the maximum limit of interest rate on customer and installment loans:
The interest rate on these loans is 3% above the Central Bank's discount rate (Attachment includes a statement of changes in discount rates during previous years). 
Is it permissible to deduct the interest in advance:
It is not permissible to deduct the interest in advance for consumer or installment loans, effective 30-3-2008 according to CBK's regulations issued on 24-3-2008. 
How is the interest on consumer and installment loans computed (Is it fixed or variable):
Consumer loans are granted according to a fixed interest rate (change of interest rates does not affect existing loan's interest rate) according to CBK's regulations issued on 24-3-2008. However, fixed interest rate applied to installment loans is reviewed and adjusted upward/downward every five years by no more than 2%. For example, a customer installment loan granted at 5% interest rate, shall be affected by only 2% of any interest rate increase (e.g. 10%) made at the end of the first five years of loan payment, i.e. the new interest rate shall not exceed 7%. 

Fees and Commissions

Is a bank entitled to charge fees:
Banks are obliged to adhere to the list of fees and commissions approved by the CBK. Customers are usually made aware of this list. 
Are fees and commissions standardized in all banks:
There are no binding regulations for banks to apply standardized fees or commissions, as these vary according to the nature of the customer service provided. Fees are approved by the CBK based on a relevant study to ensure that fees charged correspond to the actual services provided to the customer. 
Is a customer entitled to redeem the insurance payments:
For loans granted prior to the issuance of the Central Bank of Kuwait regulations on 24-1-2007 concerning insurance fees on consumer and installment loans, the recovery/non-recovery of insurance payments vary from one bank to another in accordance with the insurance agreement signed between the bank and the insurance company on one side, and the customer and the bank on the other. For loans granted after that date, repayment of insurance amount shall be made on a monthly basis. In case of early loan repayments, the customer shall be exempted from the remaining installments. 
What is the maximum limit of insurance fees borne by the customer:
According to CBK's regulations issued on 24-1-2007, insurance fees shall be paid equally (50% each) by the bank and the borrower provided that the amount of insurance fees borne by the customer does not exceed a maximum of 2% of the loan amount. The bank shall bear the remaining percentage which shall be no less than the percentage borne by the customer. 

More About The New Banknotes

CBK provides a range of information to help the public learn more about the new sixth issue banknotes. The below materials are available:
  • Watch the video of the new sixth issue, available in English and Arabic:
sixth issue video-En        sixth issue video-Ar