Al Danah Account | Al Danah | Savings | Personal | Gulf Bank

Gulf Bank is proud to maintain its trend of making millionaires in 2018.

Gulf Bank offers Al Danah customers the largest single bank prize of KD1,000,000*. The One Million Kuwaiti Dinar prize is paid to the lucky winner in one full payment.

5 weekly prizes of KD1,000

Opening deposit

  • Minimum account balance of KD 200 is required to enter the draw and to accrue chances (for all draw types).

Charges

KD 2 charge per month
will be applied if account balance drops below
KD 200 in any given day of the month.

Al Danah account is unique

  • It is the largest bank prize in the world as recognized by Guinness World Records*

  • It offers the most chances to win

  • It is the only account in Kuwait that transfers your chances from the previous year onto the following year

Al Danah 2018 Prizes

Draws (amount) Last Date to Deposit & Qualify Draw Date
5 Winners
KD1,000 each
2 days before the draw Weekly
KD 200,000 ** 31 January 2018 28 March 2018
KD 250,000 30 April 2018 27 June 2018
KD 500,000 30 June 2018 26 September 2018
KD 1,000,000 31 October 2018 10 January 2019

**Daily draws have been replaced with weekly draws as of April 2018 and consists of 5 weekly winners to win KD1,000 each

** The first quarterly draw prize of KD200,000 will be replaced with a KD150,000 draw prize in 2019

Al Danah account winning chances

  • Save more and save longer to earn more chances to win with Al Danah.

  • Access to your money at all times at no charge.

  • Chances accrued from 1 January 2018.

  • All chances earned by existing customers in 2017 (from 1 January 2017 to 31 December 2017) will be added to their 2018 chances for all draws, to award them for their loyalty. However, customers will need to ensure they qualify for the draw and at no point in time will their balances drop below KD200.

  • Customer receives one chance for every KD 100 every day.

  • All customers that have an Al Danah account will now be able to check the number of chances they have earned for the next draw Online or through CCC.

How to deposit in Al Danah Account

  • Deposit money into your account through all channels: ATM, Online, CCC (Customer Contact Center), Branches, and through the new ePay (Self-Pay) Service.

  • Al Danah ATM deposit-only cards allow customers to deposit money directly into their Al Danah account at any Gulf Bank deposit ATM deposit machines.

  • Free standing order from other Gulf Bank accounts into Al Danah.

Terms & conditions

  • Al Danah accounts only.

  • Available in KD only.

  • No ATM withdrawal facility.

  • A non-interest bearing account.

  • The alternate winner will be selected if the winner’s Al Danah account is closed and/or if any of the winner’s accounts with the bank has a hold for legal reasons.

  • If a “STOP” is set on the account for legal reasons the account will not to be included in the draw.

  • No weekly winner of the KD1,000 will win two prizes of KD1,000 each during the weekly draw

  • Employees of Gulf Bank, employees of service providers and persons involved with promoting, marketing and/or carrying out any activity related to the draw and/or the prize, their spouses, their relatives up to the second-degree and any other person or entity excluded in accordance with the regulations of the Ministry of Commerce and Industry are not allowed to participate in the draw. Any winner in violation of this prohibition is under the obligation to immediately return the prize to Gulf Bank, which shall be cancelled. Gulf Bank shall have the right to deduct the amount directly from the account(s) of such winner without obtaining an approval.

  • The Al Danah account will be considered dormant in the event in which no transaction takes place on it (withdrawal or deposit) for 12 consecutive months with exemption of monthly fees for retaining dormant accounts. In this case, the bank will notify the customer by mail and request them to activate the account. The customer will then authorize the bank to activate the dormant account in order to conduct a transaction on it as per the bank’s decision in this regard. If the account remains dormant for over 15 years from the date of the last transaction conducted on it, the bank will not close the account and transfer its balance as per applicable procedures. The customer will still earn and maintain his/ her chances to win the draw prizes during the account dormancy period (terms and conditions apply).

  • In addition to the Terms & Conditions stated in the Account Opening Form.

Terms and Conditions Apply

Notes

  • * In January 2017, Guinness World Records recognized Al Danah’s One Million Kuwaiti Dinar Prize as the “The Largest Prize Linked to a Bank Account payout”.

  • **Daily draws have been replaced with weekly draws as of April 2018 and consists of 5 weekly winners to win KD1,000 each

  • *** The first quarterly draw prize of KD200,000 will be replaced with a KD150,000 draw prize in 2019.

Tools & Calculators

Currency Converter
Al Danah Chances
Loan Calculator
Term Deposit Calculator