SC offers benefits for new customers

A model holds up a signboard promoting Standard Chartered Bank Korea's latest event providing gift certificates for new customers. / Courtesy of SC Bank Korea

Customers opening an account with Standard Chartered (SC) Bank Korea carrying an annual interest rate of 0.6 percent will be provided up to 2 million won in gift certificates when they keep the stated amount of funds in the account.

Customers signing up for the account before May 29 and keeping an average of 50 million won in the account over the next three months will be able to receive a Shinsegae gift certificate worth 50,000 won. The value of the provided gift certificate will be proportional to the amount of money in the account. If a customer keeps an average of 100 million won in the account the bank will provide the customer with a gift certificate worth 100,000 won. If the customer keeps an average of 1 billion won in the account, the bank will provide a gift certificate worth 1 million won.

If customers keep the stated amounts in their accounts for six months they will be provided a second gift certificate worth the same amount. This means customers keeping an average of 1 billion won in their account for six months will be able to get gift certificates worth 2 million won.

Customers must sign up for the event on SC Bank's website or mobile banking app.

SC Bank said the account, which enables withdrawals and offers an annual 0.6 percent interest rate, has gained popularity since its launch in 2017.