Important Changes to Current/Cheque/Savings Account and Time Deposit Terms

With effect from 15 November 2016, our Current/Cheque/Savings Account and Time Deposit Terms will be revised to introduce additional clauses for customers to apply for an e$aver Account jointly with a minor of at least 12 years of age.

What’s new?

The following is a summary of the changes:

Joint account with a Child
You may apply to us to allow the e$aver Account to be operated by a minor of at least 12 years of age (the “Child”). We may accept or reject this application at our sole discretion, and subject to any conditions we may impose. If we accept your application, you may notify us to accept instructions from either you or the Child, or all account holders jointly.

You indemnify the Bank
You will not hold the Bank responsible for how the e$aver Account is used by the Child. You will at all times be responsible for all instructions given and all transactions conducted by the Child, and for ensuring the Child’s compliance with our banking agreement including these terms and our Customer Terms. You undertake to fully indemnify us against all claims, demands, actions and proceedings that may be made against us, and must pay us on demand for any and all damages, liabilities, losses and expenses (including legal fees on an indemnity basis) which we may incur or suffer, directly or indirectly, as a result of or in connection with the carrying out of any instructions given by the Child or by you in accordance with your instructions.

Issuance of ATM card for the Child
You may also apply to allow the Child to withdraw cash from the e$aver Account by the use of an ATM card issued to the Child.

When will the changes be effective?

The revised terms will apply from 15 November 2016.

Where do I obtain copies of the revised terms?

You may obtain a copy of our revised Current/Cheque/Savings Account and Time Deposit Terms on our website at from 15 November 2016. Alternatively, you may also visit any of our branches or call 1800 747 7000 to request for hard copies of these terms from 15 November 2016.

Who can I call if I have questions on these changes?

If you have any questions on the changes, please call 1800 747 7000 or visit any of our branches.


This link brings you to a third party Website, over which Standard Chartered Bank (Singapore) Limited has no control ("3rd Party Website"). Use of the 3rd Party Website will be entirely at your own risk, and subject to the terms of the 3rd Party Website, including those relating to confidentiality, data privacy and security.

Standard Chartered Bank (Singapore) Limited makes no warranties, representations or undertakings about and does not endorse, recommend or approve the contents of the 3rd Party Website.

In addition to the terms stated in Standard Chartered Bank (Singapore) Limited's Important Legal Notices, Standard Chartered Bank (Singapore) Limited shall have no responsibility or liability in connection with the content of or the consequences of accessing the 3rd Party Website, including any virus arising from or system failure associated with the 3rd Party Website.

In the event of any inconsistency between the terms herein / the Bank's Important Legal Notices and the terms on the 3rd Party Website, the terms herein / the Bank's Important Legal Notices will prevail.

By clicking "Proceed", you will be confirming that you have read and agreed to the terms herein and in the Bank's Important Legal Notices.


Back to Top

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.