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Shield your money from scams

Lock funds in your current or savings accounts with SC Mobile

What is Standard Chartered Money Lock?

Standard Chartered Money Lock is a new anti-scam security feature that helps protect your funds from scams and unauthorised transfers or withdrawals.

By locking money from your current / savings accounts that you don’t need everyday access to, you can bank with us securely while you continue to earn interest at current rates.

Unlocking your funds
Need to unlock your funds? For added security and protection, you need to verify your identity in person at any Standard Chartered Singapore branch to unlock your money.

Money Lock Key Features

Money will be locked on the same-day once application is submitted

Money Lock is only available on SC Mobile

Visit our branches to unlock money

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Locked funds cannot be used for any transactions including GIRO, scheduled or recurring payments and all account fees. Please ensure sufficient available balance  is kept to avoid any late fees and charges .

Your locked funds are protected from:

  • New or existing payment arrangements (e.g., GIRO, standing instructions or future-dated transfers)
  • Transfers to another Standard Chartered account
  • Transfers to another bank’s account (e.g., local and overseas transfers)
  • Bill or credit card payments
  • Time deposit placements
  • Wealth and investments product purchases
  • Insurance purchases or payments
  • Loan or tax repayments
  • ATM withdrawals or transfers
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Secure your money easily with Money Lock

Step 1

Log in to SC Mobile

Step 2

Select the current / savings account

Step 3

Select Money Lock option

Step 4

Indicate the amount you wish to lock and submit request

Step 5

You will receive a confirmation notification once your funds are successfully locked

Standard Chartered Money Lock is a new anti-scam security feature on SC Mobile that helps protect your funds from unauthorised withdrawals and transfers.

With scams on the rise and as tactics get more sophisticated, Standard Chartered Money Lock will provide an additional layer of protection against scams. In the unlikely event where a scammer gains unauthorised access to your account(s) digitally, your locked funds remain safe.

You may not be on the latest version of SC Mobile. For iOS users, please update your app to version 9.13.5 via App Store. For Android users, the latest app will be released progressively from July 2024.

You do not need to open a new account to use Standard Chartered Money Lock. Funds in your existing current or savings account can be locked with SC Mobile.

No, it is not mandatory to lock funds in your account. However, we encourage the use of Standard Chartered Money Lock as an additional layer of protection against scammers.

Yes, your funds are safe as the Bank uses a range of security features and measures in place to protect our clients.

Standard Chartered Money Lock is available on SC Mobile. Simply log in and select your preferred account to lock funds, indicate the lock currency, amount and submit your request. You will receive a notification once your request is successful.

No, locked funds may not be accessed by any means until they are unlocked. For your security, you will need to visit a Standard Chartered Singapore branch for in person verification to unlock your funds.

You may lock up to the amount of available balance in your account.

Standard Chartered Money Lock requests will be processed. You will receive a confirmation notification once your funds are successfully locked

Simply initiate an inward transfer of any amount to your dormant account and you will be able to secure your funds through our Money Lock.

Yes, you can lock funds in your non-SGD account.

Yes, you can lock funds in your multi-currency account for all currency types.

No, Standard Chartered Money Lock is currently not available for Time Deposit accounts.

No, Standard Chartered Money Lock is not available for Wealth and Security Settlement accounts.

Standard Chartered Money Lock requests can only be submitted on SC Mobile. If you hold an account where digital access is not available, please visit our

You can increase the amount of locked funds on SC Mobile.

No, each account may only maintain a single locked balance.

Yes, locked funds in your account will continue to count towards total account balance, where you will continue to earn interest at current rates.

No. When your funds are locked, they cannot be used for:

  • New or existing payment arrangements (e.g., GIRO, standing instructions or future-dated transfers)
  • Transfers to another Standard Chartered account
  • Transfers to another bank’s account (e.g., local and overseas transfers)
  • Bill or credit card payments
  • Time deposit placements
  • Wealth and investments product purchases
  • Insurance purchases or payments
  • Loan or tax repayments
  • ATM withdrawals or transfers

Please visit any Standard Chartered Singapore Branch to submit your request. Locked funds will be released in full on the same day.

No, locked funds cannot be partially released. You must first release the entire locked amount then submit a request to lock a new amount via SC Mobile.

For your security, your locked funds can only be released after we verify your identity in person at any Standard Chartered Singapore branches. This is to ensure that scammers cannot withdraw your funds in the unlikely event they gained unauthorised access to your account.

Locked funds will be released in full on the same day.

Standard Chartered Money Lock is available on SC Mobile. Simply log in and select your preferred account to lock funds, indicate the lock currency, amount and submit your request. You will receive notification once your request to lock funds is successful.

Requests to release locked funds can only be submitted in person at any Standard Chartered Singapore branch.

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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