Who is it for?

  • Newly recruited first time employees/professionals

  • Kuwaitis earning a salary of KD350+

  • Working in the governmental, private, and oil sectors

Benefits

  • Instant up to KD500 cash gift or interest–free loan up to KD15,000*

  • Monthly draw: A chance to win 12 times your salary

  • Yearly Draw: A chance to win 100 times your salary

  • Loans up to KD70,000 with a repayment period of 15 years*

  • Consumer loan up to KD25,000*

  • Credit Card with no fee for the first year*

  • Free Master Card World ( upon a KD 5000 expenditure)

  • Automatic membership in the best and fastest rewards program in Kuwait with Gulf Bank Credit Cards*

  • Presence in all major Kuwaiti car showrooms

Features

  • Secure banking services through Online Banking and Mobile Banking app

  • A chance to become a Millionaire by opening an Al Danah account

  • Customer Contact Center available 24/7 at 1805805

  • WhatsApp service 1805805

  • Discounts at select merchants and restaurants in Kuwait

  • Free SMS alert with every transaction

  • A free safe deposit box (1st year only) upon salary transfer

*Subject to the Rules and Regulations of Central Bank of Kuwait and Gulf Bank Credit Policy

Tailored Packages

  • Who is it for?

    • Kuwaitis working in all ministries and governmental organizations.
    • Minimum salary of KD350 for loan and credit cards
    • Minimum salary of KD500 for cash gift

    Benefits
    • A cash gift of KD200 in cash upon salary transfer or interest – free loan.
    • Interest free loan up to KD10,000 is calculated based on I/I 40% for three years.
    • Enters the draws.
    • 2 Free credit card based on segment

    Safe deposit box
    • A free safe deposit box (1st year only) for new account opening.

    *Validity: until 31 December 2020.

  • Who is it for?

    • Kuwaitis working in Ministry of Defense - Ministry of Interior - Fire Brigade - National Guard.
    • Minimum salary of KD350 for loan and credit cards
    • Minimum salary of KD500 for cash gift

    Benefits
    • A cash gift of KD200 in cash upon salary transfer or interest – free loan.
    • Interest free loan up to KD10,000 is calculated based on I/I 40% for three years with the option to skip 2 months payments ( loan calculated for 36 months)
    • Enters the draws.
    • 2 Free credit card based on segment.

    Safe deposit box
    • A free safe deposit box (1st year only) for new account opening.

    *Validity: until 31 December 2020.

  • Who is it for?

    • Kuwaitis working in Ministry of Education ( including teachers).
    • Minimum salary of KD350 for loan and credit cards
    • Minimum salary of KD500 for cash gift

    Benefits:
    • Customer can avail instant cash gift of KD 200 or interest–free loan up to KD 10,000 based on 40% of I/I for three years.
    • 6 months interest -free loan extension.
    • Free for life MasterCard World - based on KD 5,000 yearly spend.
    • Enters the draws.

    Safe deposit box
    • A free safe deposit box (1st year only) for new account opening.

    *Validity: until 31 December 2020.

  • Who is it for?

    • The offer is only valid to Kuwaitis working in Oil sector (Equate - KNPC - KOC - KPI - KIPIC - KPC - KGOC - KUFPEK - KOTC - PIC).
    • Minimum salary of KD350 for loan and credit cards
    • Minimum salary of KD500 for cash gift

    Benefits:
    • Customer can avail instant cash gift of KD 100 and interest -free loan up to KD 15,000 for two years based on 40% of I/I.
    • FREE for life Master card ( upon a KD5,000 yearly spend).
    • Customer is flagged as preferred.

    Safe deposit box
    • A free safe deposit box (1st year only) for new account opening

    *Validity: until 31 December 2020.

  • Who is it for?

    • Preferred customers.
    • Minimum salary of 2,000KD

    Benefits:
    • Customer can avail instant cash gift of KD 100 OR interest -free loan up to KD 15,000* for two years.

    Safe deposit box
    • A free safe deposit box (1st year only) for new account opening.

    *Validity: until 31 December 2020.

  • Who is it for?

    • The offer is only valid to Kuwaitis working in Fire brigade, National Guard, Civil Aviation (including Kuwait Airways) and in the following Ministries: Health, Defense, Information and Interior.
    • Minimum salary of KD350 for loan and credit cards.
    • Minimum salary of KD500 for cash gift.

    Offer:
    • Customer will receive an Oula Card worth KD 10 as a gift upon opening a salary account.
    • Customer can choose to receive one of the below three options:
      • Cash: Cash gift up to KD 500.
      • % Free Loan: Interest free loan up to KD 10,000 based on a 40% I/I payable in 24 months with 6 months extension.
      • Auto Loan: KD500 when transferring salary through our GB’s staff at car dealerships.

    Credit Card*
    • Visa or Master Card - annual fee waiver for the 1st year.
    • Free Master Card World ( upon KD5,000 expenditure) including 15,000 Gulf Bank Rewards Points credited in the card.

    Benefits:
    • A free safe deposit box (1st year only) for new account opened.
    • Preferential FD rates.
    • Segment upgrade (from mass to preferred)*

The draws

Draws Draw Prizes** Draw Dates
1st draw 12 x salary 13 February 2020
2nd draw 12 x salary 9 March 2020
3rd Draw 12 x salary 28 June 2020
(Postponed from 13 April 2020)
4th draw 12 x salary 5 July 2020
(Postponed from 11 May 2020)
5th draw 12 x salary 16 July 2020
(Postponed from 8 June 2020)
6th Draw 12 x salary 19 July 2020
(Postponed from 13 July 2020)
7th Draw 12 x salary 10 August 2020
8th Draw 12 x salary 14 September 2020
9th Draw 12 x salary 12 October 2020
10th Draw 12 x salary 9 November 2020
11th Draw 12 x salary 14 December 2020
Yearly Draw 100 x salary 11 February 2021

**The amount to be multiplied will be no more than KD 1,000

Eligibility

  • Offer is open to new recruits and salaried customers transferring from other banks

  • The offer is valid up to 31 December 2020

  • New Kuwaiti customers will receive KD100 cash gift during the 2nd week of the following month upon the first salary transfer, excluding:

    • Allowance only transfers
    • Kuwaitis with a basic salary less than KD500 (for salary above KD350 and below KD500, allowances are required to be transferred)
  • Draws apply exclusively to new Kuwaiti salaries excluding:

    • Retired Kuwaitis
    • Customers ages 60 and above
    • Allowances only transfers
  • Draw eligibility:

    • Minimum salary KD350
    • Salary should be transferred the month prior to the draw
    • Draws apply to new Kuwaiti salary customers transferring their 1st salary in 2018, 2019 or 2020
  • The Bank reserves the right to recover the salary transfer cash gift by deducting it from the account in case of:

    • Closing the account by the customer within 12 months from the date of opening it
    • Not receiving salary in the account for six consecutive months
    • If the customers decide to apply for the interest free loan after they have received the salary cash gift of KD100
  • The Bank shall not be obligated to issue a clearance certificate to the Customer in the above cases unless the Customer pays back the cash gift to the Bank

  • Employees of Gulf Bank and their relatives of the 1st and 2nd degree are excluded from the draw

This offer is licensed by the Ministry of Commerce under license: 2019/401, 2019/2842
*Credit Cards and loans are subject to the rules and regulation of Central Bank of Kuwait and Gulf Bank credit policy

Terms & conditions

  • The Salary Package is exclusively designed for Kuwaitis

  • Draws apply exclusively to new Kuwaiti salary customers who qualified and transferred their salaries during 2018, 2019 and 2020 only.

  • New Kuwaiti customers will receive the KD100 cash gift during the 2nd week of the following month upon the first salary transfer, excluding:

    • Allowances only transfers
    • Kuwaitis with a basic salary less than KD500 (for salary above KD350 and below KD500, allowances required to be transferred)
  • All Kuwaiti Salaried customers are eligible to enter the draw, excluding:

    • Kuwaiti retirees
    • Customers above the age of 60
    • Allowances only transfers
    • Kuwaitis with a basic salary less than KD 350
    • 1st and 2nd degree staff relatives

Tools & Calculators

Currency Converter
Al Danah Chances
Loan Calculator
Term Deposit Calculator