ShareKUWAIT: For the second time in its history, the grand prize of the Al-Danah Millionaire Account has earned a place in the Guinness Book of Records. This recognition marks it as the largest cash prize linked to a bank account worldwide. During the ceremony, Mohammad Al-Qattan, Consumer Banking General Manager at Gulf Bank, received the award from the Guinness representative.
Expressing pride in this achievement, Al-Qattan stated, “We are honored to be featured in the Guinness Book of Records for the second time. The Al-Danah Millionaire draw’s top prize was previously recognized in 2016 as the largest reward linked to a bank account globally. This year, it has once again achieved the same prestigious status, transforming the dreams of our customers into reality.
Annual draws
In celebration of the 25th anniversary of the Al-Danah millionaire account, Gulf Bank has raised the annual grand prize from KD 1 million to KD 2 million. This account is one of the oldest and most prestigious savings accounts in Kuwait and was designed to encourage a culture of savings in society, and reward customers for their commitment to saving on a regular basis.
Gulf Bank’s Al-Danah 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 semi-annual draw prize of KD 1 million and a grand draw prize of KD 2 million.
The Al-Danah account is open to both Kuwaiti and non-Kuwaiti residents in 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 Al-Danah draws. If the customer’s account balance falls below KD 200 at any given time, a KD 2 monthly fee will be charged to the account, until the minimum balance is met. Customers who open an account and/or deposit more will enter the daily draw within two days.
Gulf Bank encourages Al-Danah customers to raise their chances of winning by increasing their depositing amount, using the electronic payment service available through the bank’s website and mobile application.
Criteria for Guinness World Records registration
Guinness World Records serves as the ultimate authority in recognizing record-breaking achievements. Established in the early 1950s, Guinness achieved record sales in the United Kingdom with its inaugural version. With a team of professional experts specially trained to manage records, Guinness World Records conducts thorough research and investigations to validate the authenticity of each record. The organization maintains the highest standards of accuracy and enforces strict policies governing the decision to grant the World Record Award.
All records must adhere to criteria such as measurement, achievement, standardization, verification, uniqueness, and universality. Candidates are required to submit an application with the necessary evidence to demonstrate the accomplishment.
In October 2016, Gulf Bank submitted its application to Guinness World Records for the Al-Danah Millionaire Draw Prize. The Guinness Records Management team meticulously examined the application for acceptance. Following this, the Guinness team assessed the application against the specified criteria and confirmed that Gulf Bank’s Al Danah Millionaire Account holds the record for the largest prize associated with a bank account globally. This outstanding achievement was confirmed once again in 2024, for the second time.
Al-Danah Millionaire documentary
To mark the 25th anniversary of the introduction of the Al-Danah Millionaire Account, Gulf Bank has created a documentary chronicling the account’s evolution from its inception. The documentary explores how the Al-Danah Millionaire Account has positively transformed the lives of numerous individuals and families, propelling them to join the esteemed list of millionaires.
