SC Jeil Bank "Up to 800,000 KRW Gift Certificate for New MyZoom Account Sign-ups"

Gift Certificates Provided Based on Average Balance Maintained for 3 Months Starting Next Month After New Sign-Up by the 31st
Among Customers Meeting the Condition of Over 50 Million Won, a Drawing Will Award Prizes Including 10 Don of Pure Gold

[Asia Economy Reporter Kim Hyo-jin] SC First Bank announced that it will hold the ‘Merry MyZoom Event,’ offering Shinsegae gift certificates in mobile exchange vouchers up to 800,000 KRW, until the 31st of this month.

This event provides gift certificates to customers who newly open an ‘SC First MyZoom Account,’ a demand deposit account, and maintain an average monthly balance (average balance) above a certain amount for three months. The amount of gift certificates increases as the monthly average balance is maintained at a higher level.

Customers who transact with SC First Bank for the first time and maintain a monthly average balance of 10 million KRW or more for three months will receive a 10,000 KRW gift certificate. Those maintaining ▲30 million KRW or more will receive a 30,000 KRW certificate ▲50 million KRW or more will receive a 50,000 KRW certificate ▲100 million KRW or more will receive an 80,000 KRW certificate ▲300 million KRW or more will receive a 250,000 KRW certificate ▲500 million KRW or more will receive a 400,000 KRW certificate ▲1 billion KRW or more will receive an 800,000 KRW certificate. Existing customers whose total deposits (demand deposits, savings, and installment savings) held at SC First Bank have a balance and average balance of 1 million KRW or less as of the end of November are considered first-time customers.

For example, if a customer opens an SC First MyZoom Account on the 10th, and maintains a monthly average balance of 50 million KRW or more from January to March 2021, they will receive a 50,000 KRW gift certificate.

Existing customers who already have accounts with SC First Bank can participate in the event if they newly open the account and satisfy both the first-time customer average balance condition and the net increase condition. The net increase condition requires that the total deposit’s monthly average balance for three months starting the month after opening the SC First MyZoom Account increases by at least the event amount compared to the total deposit balance as of November 30. In this case, the smaller amount between the SC First MyZoom Account’s monthly average balance and the total deposit’s monthly average net increase determines the gift certificate tier awarded.

Event registration must be done through the SC First Bank website or the mobile banking application’s event page. Additionally, separate from the gift certificate event, a lottery event will be held for customers who meet the event amount condition of 50 million KRW or more. For every 50 million KRW met, one additional entry is granted, increasing the chances of winning as the qualifying amount rises.

First prize (3 winners) will receive 10 don of pure gold, second prize (7 winners) will receive a one-night stay at the Shilla Hotel Business Deluxe, and third prize (10 winners) will receive two meal vouchers for The Parkview at the Shilla Hotel. Winners will be announced and prizes sent in mid-April 2021 after confirming event condition fulfillment. However, event and prize details may change or end early without prior notice.

Meanwhile, the SC First MyZoom Account is a representative parking account offering high interest rates even for short-term deposits, gaining steady popularity since its launch in 2017. As a demand deposit account, it provides an annual interest rate of 0.4% (before tax) on the set amount even if held for just one day, and 0.1% annual interest on amounts exceeding the set amount. The set amount can be freely changed between a minimum of 1 million KRW and a maximum of 1 billion KRW.

This content was produced with the assistance of AI translation services.