• Retention of Remittance

    Customer can retain the payment (received through inward remittance) in ERQ account and BDT account simultaneously. The account holder will have the option of retaining maximum 60-70% of the inward remittance in the foreign currency account.

  • Transfer Fund

    Remit fund from ERQ account through Wire Transfer/ and Demand Draft for bonafide business purposes.

Eligibility*

Firms earning export proceeds.

Documentation

Documentation Required
  • Commercial Account Opening Form
  • Board resolution for opening the account & its operations
  • Valid Current Trade License
  • Trade License of last 3 years
  • National ID/Passport/Driving License of the owners of the company
  • 12 Digit e-TIN certificate
  • PIF & Photo ID of the directors, signatories & the persons holding 10% or more shares
  • Partnership deed and registration certificate from registrar of firms ( for Partnership businesses only)
  • Memorandum of Article of Association and Certificate of Incorporation (for Limited Company only)
  • Updated Form X and XII ( for Limited company only)
  • Renewed ERC Certificate
  • BASIS Certificate

Please note that the above requirements are not exhaustive and the bank may require further documentation to open an account on a case to case basis.

*Terms & Condition Apply

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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