Stanbic Bank Set To Award Depositors Ksh 7.2 Million

by Business Watch Team

Stanbic Bank Kenya has launched the “Switch Campaign,” an initiative aimed at mobilizing deposits and rewarding new and existing customers. During the campaign period, the Bank will award new and existing clients with cash rewards amounting to KES 7.2 million.

The ‘Switch Campaign’ positions Stanbic Bank as the ideal partner, offering a range of benefits tailored to clients’ diverse needs. Salaried Kenyans can open new accounts while existing clients can reactivate their dormant accounts and enjoy enhanced banking experiences and rewards.

Abraham Ongenge, Head of Personal and Private Banking, at Stanbic Bank Kenya, said, “Stanbic is committed to providing financial solutions that drive growth. To this effect, we have designed a deposit account that provides access to additional loan and protection services. With a digitized and seamless account opening process, we are enabling financial inclusion and equipping individuals with the right tools for sustained growth.”

The “Switch Campaign” will run for three months, during which select participants will win cash prizes. Every month, three lucky New-to-Bank Salary Switch participants will receive KES 200,000, KES 100,000, and KES 50,000 for the winner, 1st Runner-up, and 2nd Runner-up, respectively.  Similarly, three existing clients will win a similar amount every month for increasing their deposits”, he added.

The Grand Draw will be done at the end of the three-month campaign period, with the grand draw winner receiving KES 1,000,000. In total, 66 participants will win cash prizes during the campaign period.

Individuals can quickly and conveniently open a Stanbic Account through the Stanbic Mobile APP. Stanbic Bank offers accounts with retrenchment cover, a crucial feature that ensures financial security in case of job loss, for as little as KES 200 per month. Moreover, Stanbic Bank clients can access cash advances from KES 30,000 and unsecured personal loans up to KES 6 million, all through the mobile app.

Additionally, Stanbic Bank ensures a smooth transition for personal loans, including unsecured, secured, and home loans. This includes the provision of home loans up to KES 10.5 million with a fixed rate of 9.5% per annum and a maximum repayment period of 25 years.

Related Content: Stanbic Bank Set To Upgrade Its Core Banking System

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