Shinhan Bank said on Tuesday it will extend until March 31 the period for preferential benefits offered for its CreatorPlus automatic deposit service for creator customers.

The CreatorPlus automatic deposit service supports influencer customers active on global platforms such as YouTube and Instagram by enabling overseas advertising payments received from Google and Meta to be automatically deposited into Shinhan Bank accounts.

Shinhan Bank provides the following benefits when creator customers apply for automatic deposits through a branch or Shinhan SOL Bank: a waiver of a 10,000 won inbound remittance fee and a 90 percent preferential FX rate discount when converting into won, with a monthly limit of $10,000.

Even if customers exceed the $10,000 preferential conversion limit, Shinhan Bank also provides an additional 50 percent preferential FX rate discount with no limit on the number of times for non-face-to-face won conversion through its foreign currency Change-Up deposit, lowering creators' effective currency exchange costs.

The CreatorPlus automatic deposit service is currently used by about 2,000 creator customers, 10 months after its launch.

A Shinhan Bank official said the bank has provided the automatic deposit service and preferential benefits that convert dollars into won in line with demand from creator customers who generate income overseas through content production. The official said the bank will continue to expand practical customised services that can ease customers' financial burdens amid changes in the external environment.