Introduction of Standard Chartered Bank Brunei

Standard Chartered Bank Brunei, a member of the Standard Chartered Group was established in Brunei in April 1958. It is one of the world's leading international banks, with over 1,200 branches, offices and outlets in 71 countries across the globe. As a leading international bank in Brunei, Standard Chartered leads the way through product innovation, consistent and strong growth performance and sustainability initiatives. We provide a comprehensive range of financial products and services for individuals, small and medium-sized enterprises, corporate and institutions through our network of 6 branches across Brunei.


Our key products and services include Mortgages, Credit Cards and Personal Loans, Savings, Deposits and a broad range of wealth products available such as Premium Currency Investments, Structured Deposits and Foreign, Exchange solutions offered Standard, Chartered Bank Brunei; and Bonds, Structured Notes and Unit Trusts offered by Standard Chartered Securities (B) Sdn Bhd.


Standard Chartered employs more than 300 employees in its Brunei operations with 1 Express Banking Centre and 6 branches, across 3 districts and 45 ATMS.

Overview of Employee Banking Solutions

Standard Chartered appreciates the opportunity given by to present a proposal for Employee Banking solutions, which would add value to the benefits that you already provide to your employees in Brunei.

Employee Banking (“EB”) is a service offering from Standard Chartered that allows your employees to enjoy personal banking services at preferential terms via a customised solution that addresses their financial needs.

In this proposal, we will focus on the following solutions:

  • Payroll Account
  • Current Account and Credit Card packages
  • Favourable lending terms that cater to both individual and family needs, e.g. personal loan, mortgages.
  • Tailored entry requirements into Priority Banking programme
  • Wealth Management Services
  • Transactional convenience – ATM5, Online Banking, e-Statements and Alerts

Highlights of Employee Banking (EB) Benefits

Services Priority Banking
EB
Priority Banking
Non EB
Personal Banking
EB
Personal Banking
Non EB
Higher Interest Rates on Payroll Account
Waiver of annual fees on Current Account and Credit Card Packages
Preferential Rate for Personal Loan
Preferential Rate for Mortgages
Preferential Rate and Customized Solutions for Wealth Management
Relaxed Entry Requirements into Priority Banking

Details of Employee Banking Benefits

Services Employee Banking Customers
Account Maintenance
  • Interest accrued on daily basis and paid monthly, calculated from BND1,000 onwards
  • No initial deposit
  • No minimum balance
  • Perpetual free Debit card
Credit Card
Services Employee Banking Customers
Platinum Credit Card or
Priority Banking Visa Infinite Credit Card                       
  • Perpetual fee waiver for Platinum or Visa Infinite Card
  • 2 years fee waiver for Gold Card.
Loans
Services Employee Banking Customers
Personal Loans                             Preferential rates for the following :
  • General installment Loan
  • Home Improvement Loan
Mortgages
  • Preferential rates for employee banking customer
  • Up to 80 % loan to value (LTV)
Tailored Entry Requirements into Priority Banking
Services Employee Banking Customers
Entry Requirement into Priority Banking                             Complimentary membership for first 12 months, if a minimum monthly salary of BND$10,000 nett is credited to the Total Salary Solution, provided always that the EB Programme requirements are met.

Benefits:

  • We recognize your total banking relationship with us. Our 360o Rewards programme starts with your credit card spend, then also rewards you on your deposits, investments and home loan balances.
  • Complimentary Travel Insurance – Receive complimentary travel insurance up to BND500,000 for you; up to BND250,000 for your spouse, plus extensive coverage for your children.
  • The Good Life programme with access to up to 3000 offers in Asia
  • Complimentary access to 850 DragonPass airport lounges worldwide
  • Personalized Wealth Solutions
  • International Banking Services: Free worldwide ATM cash withdrawals/ Foreign exchange discount at Travelex
  • Dedicated Relationship Team/ Banking Channels: Priority Banking Centres/ 24-hour Service Line.
Wealth

Range of wealth products available: Premium Currency Investments, Structured Deposits and Foreign Exchange solutions offered Standard Chartered Bank Brunei; and Bonds, Structured Notes and Unit Trusts offered by Standard Chartered Securities (B) Sdn Bhd.

Services Employee Banking Customers
Unit Trust Sales charge of as low as 2.5%
Foreign Exchange Preferential pricing available for transactions above BND$10,000
Market & Investment Advisory Tailored annual market updates and forecasts, and portfolio reviews from our Investment Counselor if AUM is BND250,000 and above

Transactional Convenience

  • Free ATM access at all Standard Chartered ATMs, including over 30 ATMs in Brunei.

  • Online Banking – Enjoy convenience and complete control over your finances. You can view your recent transactions, check your available limit, pay your card bills and redeem your rewards anytime, anywhere.

  • SMS and Email Alerts – You can also register for Banking Alerts. And be notified when a certain activity occurs on your account – for example, you’ll be alerted when:

    • Find out your latest balance, payment due date, reward points balance and more via SMS.
    • An ATM cash withdrawal or Credit Card point-of-sale transaction is made; locally or overseas
    • A cheque is returned… and more!
  • My Bill Payment – Available as an app as well as a web-based platform at www.mybillpayment.biz, this enables you to pay your bills and purchase PowerInstant and Easi top-ups with your credit card. You also enjoy the following features:

    • The Good Life credit card programme
    • 360 Rewards
    • 0% EasyPay
    • Secure Online Shopping
    • Promotions
  • eStatements - Join our efforts to protect the environment by going paperless. With eStatements, you can reduce paper and energy consumption.

    • Access your Credit Card eStatements via Online Banking or have them sent to a designated email address
    • Only one-time enrolment needed
    • Choose to print your eStatements with a click of the button
    • Enrolment and usage of this service is free

Contact Details

For more information, please send an email to EB.Brunei@sc.com or call 265 8000.

Terms and Conditions

In these terms and conditions, “you” refers to you as an Employee Banking customer of Standard Chartered Group. The products and services we provide to you as an Employee Banking customer are governed by these terms and conditions.

  1. Eligibility for Employee Banking

    1. You must assign your salary to Standard Chartered bank and be at least 21years old to open an Employee Banking account.
    2. Eligibility criteria for application of other products and services may vary and is subject to respective Terms and Conditions.
  2. Fees and Charges

    1. The fees and charges are set out in the tariff booklet available on our website at www.sc.com/bn and may change from time to time.
  3. General

    1. We may subsitute benefits with similar value and at any time without prior notice and without assigning reasons thereof.
    2. We may cancel or withdraw any products or services offered under Employee Banking at any time.
    3. In the case of any disputes arising from or in connection with any product or services offered under Employee Banking, our decision is final and conclusive.
    4. Products and services offered are governed and subject to be contained within our terms and conditions on which we provide our products including, The Customer Terms, Credit Card Terms, Personal Loan Terms, Mortgage Loan terms and any other documents forming our banking agreement. This may include terms and conditions which governs any on-going promotions.
    5. We may vary, modify, delete or add to these Terms and Conditions in accordance with our usual practice and in accordance with any applicable law.

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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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