Announcement

Dear customers,

Gulf Bank will be at your service through a selected number of branches from 08:30 AM till 01:00 PM, Sundays to Thursdays.

Click here to know the list of operating branches and how you can bank with us otherwise.

We hope you are staying safe.

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 KD100 cash gift or interest–free loan up to KD10,000*

  • 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 65805805

  • 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 100 or interest–free loan up to KD 10,000 based on I/I for three years.
    • 6 months interest -free loan extension.
    • Free for life MasterCard World - based on KD 5000 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?

    • Kuwaiti females working in all Kuwaiti Ministries.
    • 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 OR interest–free loan up to KD 10,000* OR one year Medical insurance coverage (upon salary transfer)
    • Free for life World MasterCard - based on KD 5000 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 15000 for two years.
    • 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 2000KD

    Benefits:
    • Customer can avail instant cash gift of KD 100 OR interest -free loan up to KD 15000* for two years.

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

    *Validity: until 31 December 2020.

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

FAQs on Postponed Draws

  • The bank was requested by the Ministry of Commerce to stop all draws as a result of the Corona Panademic.

  • nothing has been modified or changed in the way the draw is run by the bank and will still be overseen by the Ministry of Commerce representatives.

  • yes nothing has changed.

  • yes the Kuwaiti Salary Draw will run on June 28, 2020.

  • the bank will start running the monthly draws starting on June 28, 2020.

  • The draws will run as per the below schedule:

    Date Description Prize amount Number of winners
    June 28, 2020 (Sunday) March Monthly Kuwaiti Salary draw 12 X salary 1
    July 5, 2020 (Sunday) April Monthly Kuwaiti Salary draw 12 X salary 1
    July 16, 2020 (Thursday) May Monthly Kuwaiti Salary draw 12 X salary 1
    July 19, 2020 (Sunday) June Monthly Kuwaiti Salary draw 12 X salary 1

  • The draws will be held in Gulf Bank’s head office building under the supervision of Ministry of Commerce representatives. No customers will be allowed due to strict Covid 19 safety restrictions and the limiting of number of people managing the draws to ensure operating in a safe environment.

  • by law the bank is required to publish the names of these winners in all local papers, on the bank’s website, and through various social media channels.

  • All salaries transferred during March will enter the March draw, and the draws after that.

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
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