Important Information
  1. Additional fees may be levied by the correspondent bank/financial institution or entity providing financial services to the beneficiary of remittances.
  2. Penalties (for conventional) and Fees may be applied if there is a customer error or omission in providing correct or complete information for remittances.
  3. The actual time to complete a transaction may differ from estimates due to increased scrutiny of transactions by the correspondent bank/financial institution or entity providing financial services to the beneficiary of remittances.
  4. The bank will automatically derive the best payment option for your transaction-based on cost, speed, payment value and corridor.
  5. Transactions with respect to debit cards / credit cards, remittances, investments, or foreign currency notes, may be affected by changes in foreign currency exchange rates.

Swift Based Payments:

SWIFT payments are a method of making an international money transfer sent by the SWIFT international payment network. SWIFT stands for ‘Society for Worldwide Interbank Financial Telecommunication’ and is the largest and most widely used financial messaging system in the world.

SWIFT money transfers can typically take around one to four working days for your funds to reach the destination bank account, with the length of time varying based on the destination country, variations in time zones and differing banking processes. In addition, all transfers are subject to multiple checks in place for fraud and laundering which add to the length of time it takes to transfer funds.

Peer-to-peer transactions (P2P – Alternate to Swift Based Payments)

Peer-to-peer transactions (also referred to as person-to-person transactions, P2P transactions, or P2P payments) are electronic money transfers made from one person to another through an intermediary, typically referred to as a P2P payment application. These payments do not involve correspondent banks in the payment flow when compared to Swift Based Payments. All transfers are subject to multiple checks in place for fraud and laundering which add to the length of time it takes to transfer funds.

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International Account to Account fund transfers through Online and Mobile Banking

Please refer to the below guide for details of fund transfers initiated through Online/Mobile banking:

Destination Country for  Account to Account Fund Transfer *
Processing times and fund transfer rules
 

 

India

 Transfer up to USD 93,000 (INR 7,800,000) within 5 minutes from your Standard Chartered Bank account.

·       SWIFT cut-off times apply for transfers above USD 93,000 (GBP 71,000 approximately)

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       Monthly transfer limit to a single payee is USD 1,000,000/- (INR 82,948,500 approximately).

Transfers above this limit will not be processed.  Please visit your nearest branch or contact your relationship manager (applicable only if you are enrolled for email indemnity facility) to request for transfers above this limit.
 

 

UK

 Transfer up to USD 93,000 (GBP 71,000 approximately)  within 60 minutes from your Standard Chartered Bank account

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 93,000 ( GBP 71,000 approximately)

·       Monthly transfer limit to a single payee is USD 1,000,000/- ( GBP 785,130 approximately).

Transfers above this limit will not be processed. Please visit your nearest branch or contact your relationship manager (applicable only if you are enrolled for email indemnity facility) to request for transfers above this limit.
Australia Transfer up to USD 93,000 (AUD 141,000 approximately)  within the Next Business Day from your Standard Chartered Bank account

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 93,000 (AUD 141,000 approximately)

·       Monthly transfer limit to a single payee is USD 1,000,000/- (AUD 1,520,000 approximately).

Transfers above this limit will not be processed. Please visit your nearest branch or contact your relationship manager (applicable only if you are enrolled for email indemnity facility) to request for transfers above this limit.
United States Transfer up to USD 93,000 in 1 Business Day’s time from your Standard Chartered Bank account

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 93,000

·       Monthly transfer limit to a single payee is USD 1,000,000/-

Transfers above this limit will not be processed. Please visit your nearest branch or contact your relationship manager (applicable only if you are enrolled for email indemnity facility) to request for transfers above this limit.
SEPA/Euro Zone Region Transfer up to USD 93,000 (EUR 85,000 approximately) within 60 minutes from your Standard Chartered Bank account

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 93,000 (EUR 85,000 approximately)

·       Monthly transfer limit to a single payee is USD 1,000,000/- (EUR 917,500 approximately)

Transfers above this limit will not be processed. Please visit your nearest branch or contact your relationship manager (applicable only if you are enrolled for email indemnity facility) to request for transfers above this limit.

SEPA/Euro zone region countries are Belgium, Germany, France, Ireland, Austria, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, San Marino, Vatican City, Andorra, Monaco, Iceland, Norway and Liechtenstein.
 

 

Sri Lanka

 Transfer up to USD 25,000 ( LKR 4,515,100 approximately) within 5 minutes from your Standard Chartered Bank account.

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 25,000 ( LKR 4,515,100)

·       Monthly transfer limit to a single payee is USD 125,000 (LKR 22,638,306 approximately). Transfers above this limit will not be processed. Please visit your nearest branch to request for transfers above this limit.
Jersey Transfer up to USD 93,000 (GBP 71,000 approximately) within 60 minutes from your Standard Chartered Bank account

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 93,000 ( GBP 71,000 approximately)

·       Monthly transfer limit to a single payee is USD 1,000,000/- ( GBP 785,130 approximately).

Transfers above this limit will not be processed. Please visit your nearest branch or contact your relationship manager (applicable only if you are enrolled for email indemnity facility) to request for transfers above this limit.
 

 

Pakistan

 Transfer up to USD 2,000 (PKR 312,000 approximately) within 60 minutes from your Standard Chartered Bank account.

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 2,000 (PKR 312,000 approximately).

·       Monthly transfer limit to a single payee is USD 9,500/- (PKR 1,482,550 approximately)Transfers above this limit will not be processed. Please visit your nearest branch to request for transfers above this limit.
 

 

Bangladesh

 Transfer up to USD 25,000 (BDT 2,114,000 approximately) in 24-hours from your Standard Chartered Bank account.

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 25,000 (BDT 2,114,000 approximately).

·       Monthly transfer limit to a single payee is USD 125,000/- (BDT 10, 570,000 approximately). Transfers above this limit will not be processed. Please visit your nearest branch to request for transfers above this limit..
Philippines Transfer up to USD 960 (PHP 50,000 approximately), from your Standard Chartered Bank account per transaction.

·       Credit is usually next day, however, the arrival of funds into the recipient ‘s account is dependent on the handling process at receiving service provider/bank.

·       SWIFT cut-off times apply for transfers above USD 960 (PHP 50,000).

·       Monthly transfer limit to a single payee is PHP 500,000. Transfers above this limit will not be processed. Please visit your nearest branch to request for transfers above this limit.
Other Countries Other countries – as per SWIFT cut-offs and generally within 1-2 working days

Important notes on Transfers to Accounts:
  • While the indicative transfer time of funds to your beneficiary country is listed above, do note that international fund transfers are subject to statutory risk checks and it is possible for a transfer to take longer than indicated. International remittances are powered by SWIFT and Mastercard.
  • Correspondent Bank Charges: Transactions to the above-mentioned countries and “Other Countries” may incur a correspondent banking fee, if they do not satisfy the above-mentioned transfer rules.
  • All remittances to corporate entities will follow SWIFT cut offs and will generally be between 1-2 working days. These may also incur a correspondent banking fee.
  • Same currency transfers will only go via SWIFT and may incur correspondent bank fees.

Instant International fund transfer to International Digital Wallets, using Online and Mobile Banking

Fund transfers to an international wallet payee is a new service. The list of wallet providers will be refreshed on an on-going basis. Please note that there could be additional service limitations imposed by individual banks/wallet providers due to their system conditions or regulatory requirements.

Destination Country for  Account to Digital Wallet Fund Transfer
Wallet Name
Processing times and fund transfer rules
 

 

Kenya

 Safari Com Transfer up to USD 670 (KES 70,000 approximately)  instantly from your Standard Chartered Bank account.

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       Monthly transfer limit to a single payee is USD 5,000 (KES 518,000 approximately) Transfers above this limit will not be processed. Your next transfer to this beneficiary will only be possible 30 days from the initial transfer.
 

 

Philippines

 GCASH Transfer up to USD 960 (PHP 50,000 approximately) instantly from your Standard Chartered Bank account.

·       The arrival of funds into the recipient‘s account is dependent on the handling process at receiving service provider/bank.

·       Monthly transfer limit to a single payee is USD 25,000 (PHP 1,294,000 approximately). Transfers above this limit will not be processed. Your next transfer to this beneficiary will only be possible 30 days from the initial transfer.