SC Bank Korea rolls out new incentives for private banking clients

Standard Chartered (SC) Bank Korea has expanded its private banking offerings for high-net-worth clients, introducing new incentives for first-time customers, the bank said Tuesday.

New private banking customers can receive benefits worth up to 15 million won ($10,100) under a welcome program.

The bank said first-time customers who qualify for its private banking service will receive a one-time bonus of 1 million won.

Existing customers who are upgraded to private banking status can receive 300,000 won if they meet additional requirements.

The bank is also offering rewards based on the amount invested in its wealth management products.

Eligible customers can receive between 500,000 won and 15 million won under the welcome program.

The program will run through the end of the year.

Existing private banking clients can earn rewards by referring new customers.

Those who introduce friends or family members who subsequently qualify as private banking clients with at least 1 billion won in deposits can receive gift certificates worth up to 1.5 million won, depending on the amount of new assets b ...