Kuwait, 07 April 2021: Gulf Bank will be conducting its first quarterly AlDanah account draw of the year this Thursday, April 15, 2021 to announce the lucky winner of the KD 100,000 prize. The quarterly draw will be held in the presence of representatives from both the Ministry of Commerce and from Ernst & Young.

Gulf Bank’s General Manager of Consumer Banking, Mohammed Al-Qattan, commented: “We are thrilled to reveal the winner of Gulf Bank’s AlDanah quarterly draw, the lucky customer who will receive the KD 100,000 prize. Although this is our first quarterly draw of the year, customers have a chance to win with an AlDanah account year-round, with draws on a monthly, quarterly and annual basis! I would like to remind and encourage all Gulf Bank customers to save using an AlDanah account, which they can open and deposit into online through the Gulf Bank app, or by visiting one of our branches.”

The AlDanah account is one of the most rewarding savings accounts in Kuwait, with its periodic draws that award valuable prizes and its many advantages for account holders. Gulf Bank’s AlDanah account offers monthly opportunities to win KD 1,000 to ten lucky winners, in addition to two quarterly draws with KD 100,000 prizes each, a semiannual draw prize of KD 1,000,000 and a grand draw prize of KD 1,500,000.

Numerous Benefits

The AlDanah account is the only account that rewards customers for their loyalty by providing loyalty chances. Loyalty chances are the total chances gained in the previous year, which are then transferred to the current year to reward customers for their loyalty to the Bank. Accordingly, all chances gained by existing AlDanah customers in 2020 have been transferred to the 2021 draws, and this will be repeated in 2022 onwards. Terms and conditions apply. It is also worth noting that all account draws are attended by a representative from the Ministry of Commerce and Industry, with the quarterly and annual draws also reviewed by Ernst & Young.

Customers can deposit to win AlDanah cash prizes throughout the year as part of the draws listed in the following table:

To increase their chances of winning, account holders must either maintain the minimum deposit amount of KD 200, or increase their AlDanah savings — the higher the balances in an account, the more chances accumulated over time. Gulf Bank’s AlDanah account holders also have the opportunity to enter and win cash prizes all year long through monthly, quarterly and annual draws.

Opening an AlDanah Account

To enter the upcoming draws, Gulf Bank customers can open an AlDanah account today with only KD 200. To open an AlDanah 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 AlDanah 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 AlDanah 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.

Gulf Bank’s AlDanah 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 AlDanah 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 Gulf Bank’s AlDanah draws throughout the year, for cash prizes totaling up to more than KD 2 Million.