In addition to the Al Danah account’s weekly and quarterly draw prizes

Kuwait, 29 September 2020: Gulf Bank has announced the last chance for customers to deposit into their Al Danah accounts, and therefore be eligible to win the 1.5 Million Kuwaiti Dinar annual grand prize, is September 30, 2020. Last year, Gulf Bank increased the Al Danah account’s annual grand prize from 1 Million to 1.5 Million Kuwaiti Dinars, becoming one of the largest prizes associated with a bank account worldwide. This year’s annual draw ceremony to announce the grand prize winner is scheduled to take place on January 14, 2021.

Mohammad Al-Qattan, General Manager of Consumer Banking at Gulf Bank, encouraged Gulf Bank customers residing in Kuwait to take advantage of this opportunity, saying: “Last year, we announced that the Al Danah account’s grand prize is now bigger than ever, and we are now counting down the last chance for our clients to deposit into their accounts and be eligible for the annual draw. I would also like to remind all our clients that opening an Al Danah account is simpler than ever when using the Gulf Bank mobile app, which makes it easy to open and deposit into an Al Danah account online.”

The Al Danah account is one of the best savings accounts in Kuwait, with its periodic draws that award valuable prizes and its many advantages for account holders. Gulf Bank’s Al Danah account offers weekly opportunities to win KD 1,000 to five lucky winners, in addition to three quarterly draws with KD 250,000 prizes each, and a grand prize of KD 1,500,000.

Numerous Benefits

The Al Danah account is the only account that rewards customers for their loyalty by providing loyalty chances. Loyalty chances are the total chances gained at the end of the previous year, which are then transferred to the current year to reward the customer for their loyalty to the Bank.

In that way, all chances for existing Al Danah customers from 2019 (from January 1 to December 31, 2019) have been transferred to the 2020 draws, provided that customers qualify for the draw and that their balances do not drop below KD 200 at any time during the year 2020. It is also worth noting that all account draws are attended by a representative from the Ministry of Trade and Industry, with the quarterly and annual draws also reviewed by Ernst & Young.

Customers can deposit to win Al Danah cash prizes throughout the year in the draws listed in the following table:

To increase their chances of winning, account holders must either keep their account with a minimum deposit amount of KD 200, or increase their Al Danah savings — the more deposits into an account, the more chances accumulated over time. Gulf Bank’s Al Danah account holders also have the opportunity to enter and win cash prizes all year long through weekly, quarterly and annual draws.

Opening an Al Danah Account

To enter the upcoming draws, Gulf Bank customers can open an Al Danah account today with only KD 200. To open an Al Danah account, existing Gulf Bank customers can apply through Gulf Bank’s online and mobile banking services, or book an appointment at their nearest branch by using the new “Visit Gulf Bank” app for a faster and more convenient branch visit. New customers can also open an Al Danah account by visiting their nearest Gulf Bank branch or by scheduling an appointment through the app.

Deposit More for More Chances to Win!

With Gulf Bank, depositing into an Al Danah account is easier and more secure than ever, as clients can deposit into their accounts through the following channels: Online/Mobile Banking App which includes the ePay service, ATMs and ITMs, the Customer Contact Center at 1805805 which is available 24/7, in addition to the free standing order service from other Gulf Bank accounts.

Additional Features:

Gulf Bank’s Al Danah account is open to both Kuwaiti and non-Kuwaiti residents of Kuwait. A minimum of KD 200 is required to open an account and the same amount must be maintained for customers to be eligible for the upcoming Al Danah draws. If the customer’s account balance falls below KD 200 at any given time, a KD 2 fee will be charged to the account monthly until the minimum balance is met. Customers who open an account and/or deposit more will enter the daily draw within two days. Gulf Bank’s Al Danah draws take place throughout the year, with cash prizes totaling more than KD 2 million.