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Anyone in Kuwait with a valid Civil ID can open an Al Danah account.
All citizens and residents, male and female, old and young, can easily open an Al Danah account within minutes.
Minors however require their parents to open the account or their legal guardian.
Go to Types of ServicesYes. With Gulf Bank, you have access to your account anywhere, anytime.Simply log on to www.e-gulfbank.com and enjoy full access to all your account information.Or call our Telebanking service at 1 805805 and our Customer Service Representatives will be delighted to assist you on any of your requirements.
Go to Salary PackagesProvides high rate of interest on higher balances:
- A competitive tiered interest rates, which means as the savings balance grows, the interest rate increases
- With only a minimum balance of KD 500 to earn interest, higher rates can be earned when account balance reach KD 5,000,KD 25,000 and KD 50,000
- Low opening deposit required
- Free MasterCard Debit Card that can be used to withdraw cash from ATMs, and also do shopping / make purchases through Point of Sale (POS) terminals
- Available in KD & other major currencies
Below are the eligibility criteria for the SME Fund. If any of the answers to the questions below is a NO then the customer is not eligible for the program:
Criteria | Explanation | Yes/No |
---|---|---|
Capital | Is the company’s capital less than KWD 500,000? | |
Net Income | Is the company generating profit? | |
Net Sales | Is the company’s Net Sales between KD 50,000 and KD 2,000,000? | |
Total Assets | Is the company’s Total Assets between KD 50,000 and KD 2,000,000? | |
Ownership | Is the company a 100% owned by Kuwaiti(s)? | |
Applicant | Is the managing partner/owner registered under Chapter 5 of PIFSS in the same company? | |
No. of Kuwaiti Employees | Does the company have less than 50 Kuwaiti Employees? | |
Age of applicant | Is the applicant more than 21 years old? | |
Years in Operations | Has the company been operating for more than 2 years? |
Yes, a loan facility is available up to 90% of the collateral amount, with a minimum loan amount of KD 5,000.
Interest rates differ - they depend on the term and amount of the deposit.
Go to DepositsThe Gulf Cashback program aims to provide cash rewards for spends while using the Gulf Bank Cashback Credit Cards.
Go to Gulf Bank Cashback Program- The service is free for you in the first year and will carry a charge of KD10 in subsequent years
- Registration is simple and updating your information is easy
- You will receive prompt alerts on account activity
When applying for a POS terminal, you need to provide/ submit the following documents:
- For Companies
- Copy of the article of association with all modifications (if any)
- Copy of the commercial license (Ministry of Commerce)
- Copy of the commercial registration (Chamber of Commerce)
- Copy of the authorized signatory letter
- Copy of the owner(s) original Civil ID
- Copy of the original authorized signatory’s Civil ID (if different from the owner)
- Any proxies related to the company
- Commercial registration extract document dated within the past 2 weeks (Ministry of Commerce)
- For Establishments
- Copy of the commercial license (Ministry of Commerce)
- Copy of the commercial registration (Chamber of Commerce)
- Copy of the authorized signatory letter
- Copy of the owner(s) original Civil ID
- Copy of the original authorized signatory’s Civil ID (if different from the owner)
- Any proxies related to the company
- The above documents are prerequisites to be able to assess and process your application and install the POS terminal.
Yes, for every card there will be a PIN code.
Go to ATM Deposit Only CardYou will get the cheque book within 3 working days.
Go to Current Accounts