Kuwaiti banks have updated the “Wamd” instant money transfer service, extending the refund period for erroneously transferred funds from one day to seven days. The move reflects ongoing efforts to safeguard customers and boost trust in digital banking.

Under the new system, recipients of mistakenly transferred funds — or customers who wish to return them — can now complete the process conveniently and securely through online banking apps and digital channels, in line with existing terms and conditions, reports Al-Anba daily.

The update provides greater flexibility in managing financial transactions and reduces stress on customers at a time when reliance on instant transfers is rapidly increasing.

This initiative aligns with the Central Bank of Kuwait’s drive to strengthen the digital infrastructure of the banking sector, while ensuring the highest levels of security, transparency, and customer protection.

By giving customers more time to correct transfer errors, banks hope to reinforce confidence in e-banking services and encourage broader adoption of digital transactions as a safe and reliable option for everyday financial needs.