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



  • Free pre-paid card for any new red account opened.
  • A chance to win 12 x your student allowance in the annual draw.**
  • Get back 10% cash on your monthly spending; a KD20 extra when you need it most (15th of every month).*
  • Seasonal Popups on selective merchants each month.*
  • Special discounts using red at selected dinning outlets: click here
  • Special discounts using red at selective stores: click here



  • red savings accounts with interest.
  • A red branded MasterCard ATM debit card.
  • No minimum deposit is required to open a red account.
  • Free on spot digital banking registration: Online, Mobile and SMS service activation.
  • No minimum balance required.
  • Receive your money immediately to your account from any local bank account via SelfPay, Itunes and Google play.
  • Settle your mobile bills using our mobile banking application in the blink of an eye.
  • Access to ATM and ITM network in 56 branches.
  • Have questions? Ask our agent anything at any time with our Customer Contact Center at 1805805

Annual Draw

  • One winner wins 12 x their allowance**

    Date Draw
    April 12,2021 One winner 12 x allowance= KD 2,400

What do you need to open a red account?

  • Submit your Civil ID.

  • Transfer your student allowance.

  • Visit the nearest Gulf Bank branch or click here to apply.

Terms & conditions

  • The draw only applies exclusively to red customers who transfer their student allowances.**

  • The annual draw prize is 12 times the student’s allowance while not exceeding KD2400/-.**

  • 10% cash back and seasonal pop ups apply exclusively to red customers who have transferred their student allowance.*

  • 10% cash back payments do not exceed KD 20/- monthly, and are always deposited in your red account on the 15th of the following month.*

  • The cash back value is calculated from a minimum of KD5 to KD200 maximum of only POS and Online transactions (this does not include ATM cash withdrawals).*

  • This offer is only available for Kuwaiti students.*

  • Offer is valid until the 31st of March 2021.

  • Terms and Conditions Apply

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