Collect money before you exit

posted by Collect money before you exit on Monday, February 19, 2024

I am leaving Kuwait. I visited bank to ask if my bank account will be frozen or will not be active as soon as I cancel residence. The customer care person informed me the following.

1. The bank account will be in active mode till the expiry of the CID irrespective of residence cancellation.

2. Even if I am out of Kuwait, I can do online transactions till the validity of CID date. If I give ATM card to my friend, he can withdraw money from ATM without any problems.

However, the bank account will not be operational after the CID date. Only money can be deposited but can not be withdrawn. It means whatever money is left in the account post CID date, forget the money forever.

Kindly plan your exit accordingly since many payments are deposited in bank account after we exit e.g. indemnity, MEW deposit etc. Kindly keep a gap of min. 4 months (date of cancellation of residence till CID expiry date) to get your money else forget.

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