ABK Live Chat
Easy, Smart and Simple
Get the App
ABOUT ABK | | SEARCH | العربية

FREQUENTLY ASKED QUESTIONS


ALFOUZ DRAW ACCOUNT FAQ’s

Open All   |   Close All

1. What is the Alfouz draw account?
+
-
The Alfouz draw account gives customers chances to save and win cash prizes:
• KD10,000 weekly: Kuwait’s biggest weekly prize
• KD5,000 monthly salary for 10 years: the grand prize that allows you to take a 10-year holiday
2. Who can open an Alfouz draw account?
+
-
An Alfouz draw account can be opened by:
• Kuwaitis and Expatriates
• Individuals only
3. How are the entries calculated for the Alfouz draws?
+
-
• Every KD100 average monthly balance in the previous month gives 1 entry
• Only accounts that maintain minimum balance of KD100 are eligible to enter
• To arrive at the estimated entries, use the Alfouz draw account calculator on eahli.com
• Draw entries are capped at 10,000 entries per account
4. What is the Loyalty Benefit in the Alfouz draws?
+
-
• All entries for prior months in the Draw Schedule are aggregated in the Annual Draw
5. How will the prize be paid to the winner?
+
-
• The Bank will credit the cash prize directly to the winner’s Alfouz draw account
6. If my account becomes dormant, will I still be eligible to enter the Alfouz draws?
+
-
• Yes, dormant accounts will be part of the Alfouz Draws
7. How can I open an Alfouz draw account?
+
-
• New & existing customers can visit their nearest branch or call Ahlan Ahli on 1 899 899 for assistance
8. What is the minimum amount required to open an Alfouz draw account?
+
-
• KD100 is the minimum amount required to open an Alfouz draw account, however we encourage you to save more as the more you save and the longer you save, higher are your chances of winning.
9. Is there a minimum balance to maintain and does it attract a fall below fee?
+
-
• A minimum balance of KD100 needs to be maintained in the Alfouz draw account on any given day. If the minimum balance falls below KD100 on any given day of the month, KD2 fall below fees will be charged.
• Even if the balance goes below KD100 multiple times in a month, max KD2 fall below fee will be charged for that month.
10. Do I get a debit card with the Alfouz draw account?
+
-
• Yes, a debit card is issued with an Alfouz draw account
11. Can I transfer my salary to an Alfouz draw account?
+
-
• Salary cannot be transferred to an Alfouz draw account