Even though with the emergence of cryptocurrency and electronic wallets, Kuwaiti players always prefer to go old-school style when it comes to casinos, deposits, and withdrawals. That is to say, they prefer to use their local Kuwait Banks to deposit or withdraw funds using either a Visa card, a Mastercard, or an American Express card in online casinos.
In fact, in Kuwait, several banks allow gambling transactions, but others do not. This is what this article will tell you: which banks you can use, which banks you should avoid. But always note that, in general, it’s more preferable to use more discrete payment methods like cryptocurrency or e-wallets, because transactions going through banks will be seen by the Central Bank of Kuwait.
Casinos that Accept Kuwait Banks
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Most Advised Kuwait Banks: NBK, Al-Tijari & Gulf Bank
After much research and personal experience in multiple online casinos, we have discovered that two Kuwaiti banks stand out in facilitating gambling transactions. That is the National Bank of Kuwait, Gulf Bank and the Commercial Bank.
National Bank of Kuwait
Being established back in 1952 and being the first ever locally owned Kuwaiti bank, and given that it holds over 32% of the market share in the Kuwaiti banking sector, there’s no doubt that most Kuwaiti residents hold an account in NBK, but that’s not the only good news.
It’s one of the easiest-going Kuwaiti banks when it comes to casinos. Most cards are accepted, but be careful—do not use the youth card or any K-Net card, because these transactions are usually declined in online casinos. So avoid that, but apart from these two, here is what makes NBK one of the best Kuwaiti bank options for deposits and withdrawals in online casinos.
- One of the safest and strongest Kuwaiti banks, not just in the country, but in the whole Gulf region.
- Excellent customer support service.
- A very stable bank.
- One of the most trusted banks in Kuwait.
- Accepts deposits in online casinos.
- Not only does it accept withdrawals, but they are usually processed within 24 hours.
- Rarely takes more time for withdrawals.
- Even bank transfers from the online casino bank account to your personal bank account are accepted.
- Documents are easy to obtain in case you want to show proof of address of proof of card ownership to the casino.
Commercial Bank of Kuwait
Al-Tijari, or Commercial Bank of Kuwait, is a very strong second option for Kuwaiti players who wish to deposit and withdraw in casino sites. It’s also one of the oldest banks, established in 1960.
It’s very stable, not just because it’s old, but because it holds approximately 1.10 billion Kuwaiti dinars, which shows that it has a strong customer base. This makes it more reliable than smaller banks, as is the case with NBK. Now, in passing as to why it’s a great option for gambling transactions, here’s why.
- Among all Kuwaiti banks, it has the biggest range of credit cards and debit cards, whether it’s Visa, MasterCard, or AmEx, and a very good digital banking platform which facilitates all of your transactions.
- Deposits and withdrawals are accepted in casino sites, and the transactions are fast—almost as fast as e-wallets.
- Bank transfers from the account of the casino to the personal account of the player are also accepted.
- Solid customer support.
- Documents are easily downloaded through the online banking platform.
Gulf Bank
The second largest bank in Kuwait, as it holds over 7 billion Kuwaiti dinars in assets. It has more than 50 branches all over the country and 300-plus ATMs. It’s a very old bank, founded in 1960, and you can find most Kuwaiti people holding an account in Gulf Bank.
However, when it comes to online gambling payments, Gulf Bank is a little bit tricky. Here is a pros and cons list to help you understand why Gulf Bank could be a good or bad option for online casino payments.
- Deposits are accepted
- One of the safest and oldest banks
- Solid online banking platform
- Very helpful customer support
- Easy access to your documents
- Withdrawals are not always accepted
- 90% of wire transfers are not accepted
Kuwaiti Banks We Do Not Recommend for Gambling Transactions
The below banks we do not recommend that you use for any gambling-related transactions, because you’re either going to end up successfully depositing and then having problems withdrawing. So, from the beginning, don’t bother yourself—just get yourself an account in either NBK, Al-Tijari, or even Gulf Bank. Most of the banks below are not a good option for online casino sites in Kuwait because they are Islamic, and by law, Islam would not accept any gambling transactions, as it is considered haram.
- Al Ahli Bank of Kuwait (ABK): Sometimes deposits are accepted, but not always, same with withdrawals, but you can never wire transfer something related to gambling through ABK.
- Burgan Bank: It is not stable when it comes to accepting deposits, withdrawals and transfers related to gambling, so it is not your best option. If you have a card, you can try, but have an NBK or Commercial Bank Account ready.
- Warba Bank: An Islamic bank that does not accept any gambling-related transactions.
- Kuwait Finance House: Another Islamic Bank that does not accept gambling transactions.
- Boubyan Bank: Sometimes you can deposit or withdraw, but rarely does it work because Boubyan is also an Islamic bank.
- Kuwait International Bank: An Islamic bank that refuses all types of financial transactions related to online gambling.
Advice for Using Kuwait Banks in Gambling
You must note that, even though some Kuwaiti banks fully process your online gambling transactions, it does not erase the fact that, generally speaking, Kuwait, being an Islamic country, considers gambling illegal. Though online gambling is still considered a grey area, Kuwait Gamble advises you to be 100% on the safe side.
Try not to use banks, but instead use e-wallets, because many e-wallets are available in Kuwait, and they have high limits, transactions are done very quickly, and they are also available in all online casino sites, such as Neteller, Skrill, and MuchBetter. If you want an even better option—the most anonymous option of them all—use cryptocurrency. The best part about cryptocurrency is that it has the highest limits and the fastest payouts.
