*To participate in the SC Remit Promotion (“Promotion”), you must from 1 October 2020 onwards successfully complete an online remittance transaction using Online Banking or Mobile Banking from a bank account (held with Standard Chartered Bank (Singapore) Limited (the “Bank”)) to the eligible countries in the eligible currency pairs (each, a “Qualifying Remittance Transaction” or “QRT”).

Under the Promotion, all transfer charges and expenses imposed by the Bank for your QRT will be waived. The Bank shall not be responsible for any fees and charges levied by the beneficiary bank in connection with the QRT.

From 9 November 2020 onwards, the Bank will also not impose any additional FX costs on you for your QRT in INR (as payment currency) made to accounts maintained with Standard Chartered Bank, India. The available foreign exchange (“FX”) rate applied for your QRT differs according to the QRT and refers to (a) the Bank’s proprietary wholesale FX rate, (b) the FX rate provided by the Bank’s service provider to the Bank for the QRT, or (c) a combination of (a) and (b).

Please click here for the full SC Remit Promotion Terms and Conditions.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured