Award for Most racist bank in Kuwait goes to @BankBoubyan

The world of banking is quite fickle; in Kuwait, it is extremely fickle. As an employee, you cannot receive a salary without having a bank account, so everyone is aware of every banks requirements.

As an NBK Customer, I quite enjoy their services, their locations and most importantly their online banking.

That being said I like to live by the advice of Warren Buffett, “Do not spend then save, save then spend”, I do so by having a secondary bank account to which I transfer monthly savings in order to prevent myself (or my wife) from spending them. I usually opt for savings accounts to see a meager return on these savings.

I’ve tried several banks in Kuwait, most notably The Commercial Bank, Gulf Bank and Ahli United Bank.

Never have I ever in my life been told that I need “Branch Manager Permission” to open a savings account, except at Boubyan Bank. Their reasoning? It is only for Kuwaiti’s.

Now this is not my first rodeo, I checked the banks website to find the following:

Not only are they racist but sexist too, Males only?

Granted, their premium account is geared for Kuwaiti’s only. It says so right there in black and white in the conditions. However the page for the savings account simply states the following:

racist bank 2

Do my eyes deceive me or does that clearly read “individuals only” as in not corporations/companies?

When I visited the branch and was informed of this, I thought for sure the employee must be joking, but the serious look on his face made it apparent he’d never laughed a day in his life, and so I gave their customer service a call only to be informed that yes, it is also only for Kuwaitis and that it is up to the Branch Manager to decide.

Think about it. This is a SAVINGS ACCOUNT. They are effectively telling you, your money is no good to us, based on where you come from.

What is the logic behind this? God knows.

Disclaimer: The opinion expressed in this post is the writers own personal opinion and no other. This website does not offer any form of advice to anyone. It is simply a means for the author to write their personal view on their day-to-day dealings. All data and information provided on this site is for informational purposes only. mybloogle.com makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.

August 2011 ( View complete archive page )

September 2011 ( View complete archive page )

error: Sorry, Ctrl+C/V disabled; if you wish to use this content please contact us :)
%d bloggers like this: