Resident Foreign Currency Accounts (RFC)

Open a foreign currency account at Standard Chartered Bank in a number of foreign currencies including US Dollars, British Pounds, Australian Dollars and many more. With our foreign currency accounts you will get the unique opportunity of choosing the designated foreign currencies in which you can maintain your accounts, transferring funds locally or internationally via the Pay-by-Phone facility, a dedicated Relationship Manager a simple phone call away and many more facilities especially for you. You can maintain both savings and fixed deposits through Standard Chartered foreign currency accounts.

A RFC Account can be opened with any of the following currencies-

US Dollar (USD)
British Pound (GBP)
Australian Dollar (AUD)
Japanese Yen (JPY)
Singapore Dollar (SGD)
Canadian Dollar (CAD)
Swiss Franc (CHF)
Norwegian Kroner (NOK)
Swedish Kroner (SEK)
New Zealand Dollar (NZD)


  • A choice of designated currencies in which you can maintain your accounts
  • Tax exemption on interest from deposits under current regulations
  • Rupee Overdraft facilities securing Foreign Currency Fixed Deposits
  • Sweep facilities to credit Rupee Accounts at compatible exchange rates

Terms & Conditions applied


  • Banking convenience through our 24-hour Phone Banking
  • Transfer funds locally, or internationally via the Pay-by-Phone facility
  • Banking by fax (special application required)


  • Priority Banking for personalized care
  • Dedicated Relationship Manager just a phone call away

Types of Accounts Available

Savings Accounts

  • Minimum deposit requirement is USD 100 or equivalent designated currency (Balance fluctuates according to exchange rate).
  • Interest is calculated on the daily balance and paid monthly. Withdrawals are on request.

Fixed Deposit Accounts

  • Minimum deposit requirement is USD 1000 or equivalent in designated currency.
  • Available for periods of 1, 2, 3, 6 and 12 months, for which interest is payable on maturity. Unless specified otherwise, deposits are renewed automatically on maturity at prevailing interest rates.

Requirements to open an RFC Account

  • The minimum deposit requirement of USD 100 for Savings Accounts, USD 1,000 for Fixed Deposits or its equivalent in designated Foreign Currency.
  • A copy of your passport (Photo page) / NIC
  • Local address verification documents
  • Account opening form duly completed and signed.

For more information on Remittances, email us, visit your nearest Standard Chartered Branch or call +94 11 2480 480


Individuals resident in Sri Lanka.
Individuals who maintain RFC accounts.
Minors resident in Sri Lanka.

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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.


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.