Who is it for?

  • red is an account for High school, College and University students between the age of 15-25 years old.


  • A chance to win a Fiat 500c - model 2017 in the annual draw*
  • A chance to win an iPhone 7 Plus or iPad Pro or an Apple Watch in the monthly draws*
  • Movie tickets for only KD2 at all Cinescape movie theaters seven days a week
  • Shop from USA and UK with Edfa3ly: kw.edfa3ly.co/GulfBank

In addition to

  • Savings account with monthly interest payments
  • Free branded ATM card
  • No minimum deposit required to open your red account
  • No minimum balance charge
  • Secure and safe mobile and Online Banking
  • Easy access to Customer Contact Center on 1805805
  • Access to the largest ATM network in Kuwait at 56 branches
  • A dedicated student branch in Kuwait University - Khalidya Campus
  • A chance to become a millionaire by opening Al Danah

Monthly Draws*

(3 winners per month)
23 January 2017

iPhone 7 Plus

IPad Pro

Apple Watch

20 February 2017
30 March 2017
24 April 2017
22 May 2017
13 July 2017
24 July 2017
21 August 2017
28 September 2017
23 October 2017
20 November 2017
11 January 2018

Annual Draw*

11 January 2018Fiat 500c - Model 2017

*Upon transferring student allowance until 31 December 2017

What do you need to open a red account?

  • Transfer your student allowance
  • Submit your Civil ID
  • Visit the nearest Gulf Bank branch or apply here

Customer Winning Chances

  • New and existing customers will have two chances to enter the draw upon transfer of student allowance
  • Existing customers with transferred allowance will have one chance to enter the draw

This offer is licensed by Ministry of Commerce under license 215/2016 , 214/2016 and 301/2017

Please refer to the Terms and Conditions in the account opening form at your nearest branch.


Manage My Tools

Please select the tools you would like to see. You can re-arrange the order by selecting and dragging the tools into your preferred order.

  • Al Danah Chances
  • Al Afdal Loan Calculator
  • Currency Converter
  • eSavings Calculator