Gulf Bank: FAQs Details

Are there any cancellation charges?
Answer:
No. This is your money after all and you can choose to close your account with no fee or deductions applicable.

How are the actual draws conducted?
Answer:
The draws are conducted in the presence of a representative of the Ministry of Commerce. The Kuwait Ministry of Commerce supervises the process. All accounts that meet the eligibility are entered in the program, which randomly and electronically selects the winner, after assigning respective chance values.

How can I deposit money into my Al Danah account?
Answer:
Visit any of our branches and you can deposit money into your Al Danah account immediately. You can also transfer funds online or through CCC (Customer contact center) on 1805805. And what is even easier - use Gulf Bank?s new cash deposit ATMs to deposit your money into Al Danah - it is simple and easy. In addition, you can set up a standing order to transfer money weekly or monthly into your Al Danah account for FREE (minimum KD 10). With Al Danah, you can enjoy a complete waiver of set up, monthly and transaction fees. All you need to do is simply set up a minimum of KD 10 per month for two months and more and enjoy the benefits of this exclusive FREE offer today.

How can I increase my chances of winning?
Answer:
The number of chances you earn is directly linked to the balance in your account each day.
Save more and save longer to earn more chances to win with Al Danah
So increase your balances and save longer - you could be the next lucky Al Danah winner.

Is it available in any currency?
Answer:
Unfortunately it?s available in Kuwaiti Dinar only.

What are the charges on the account?
Answer:
? No charges on accessing your money.
? KD 2 charge per month will be applied if account balance drops below KD 200 in any given day in the month.

What happens if I win?
Answer:
If you win, the prize money is automatically deposited in your account immediately within the next 2 business working days.

What is Al Danah Account?
Answer:
Al Danah is a non interest account, which gives customers chance to enter draws that will be held across the year.

What is the account opening criteria?
Answer:
? Minimum KD 200 is required to open an Al Danah account.
? Minimum account balance of KD 200 is required to enter the draw and to accrue chances (For all draw types).

What is the maximum number of chances I can accrue?
Answer:
There is no limit. The higher your balance, or the longer you maintain that balance, the more chances you earn to win.

Who can open an Al Danah account?
Answer:
Anyone in Kuwait.
Customers must be at least 21 years of age. (Minors follow the normal Minor?s Procedure)

Draws	Amount	Number of winners	Last date to deposit	Draw Date	Hold Period
Daily draw	KD1,000	2 winners*	2 days before the draw	Everyday**	2Days**
Quarterly draws	Q1	KD200,000 KD125,000 KD25,000	1 winner 1 winner 1 winner	31/01/2013	28/03/2013	2Months
Q2	KD250,000 KD125,000 KD25,000	1 winner 1 winner 1 winner	30/04/2013	27/06/2013	2Months
Q3	KD500,000 KD125,000 KD25,000	1 winner 1 winner 1 winner	30/06/2013	26/09/2013	3Months
Yearly draw	KD1,000,000 KD250,000 KD50,000	1 winner 1 winner 1 winner	31/10/2013	09/01/2014	2Months