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Changes in Fees and Charges for Deposit Accounts

From 1 January 2021 (inclusive), please note that the following changes will be made to the fees and charges* for deposit accounts:

  • Chequebooks
    A S$10 or US$10 fee will be levied for each chequebook requested. The fee will be charged according to the base currency of your account.
  • Paper Statement Fee
    A monthly Paper Statement Fee will be applicable on accounts receiving a paper statement. Please refer to the fee table below for details.
Product Currency Paper Statement Fee
· Local currency accounts SGD S$2
· Foreign currency accounts AUD A$2
CAD C$2
CHF 2 frances
CNH ¥15
DKK 10kr
EUR €1
GBP £1
HKD HK$15
JPY ¥200
NOK 15kr
NZD NZ$2
SEK 15kr
THB 50THB
USD US$2
ZAR R25

*The above fees and charges will be waived for Priority Banking clients and clients below 18 years old and above 65 years old.

If you would like to stop receiving paper statements, follow the steps below:

  • Step 1: Log in to your Standard Chartered (SC) Online Banking account or the SC Mobile App and click on “eStatements
  • Step 2: Click on “Subscriptions”, followed by “Change Subscription” and select the “eStatements/eAdvice” option to start receiving your statements and advices electronically.

Please note that our Pricing Guide will be amended accordingly, and the above changes will be effective from 1 January 2021 (inclusive). For the latest copy of our Pricing Guide, please click here.

 

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.

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Frequently Asked Questions (FAQ)

How will the chequebook fee impact me?
If you request for a new chequebook after 31 December 2020, S$10 or US$10 fee will be applicable for each chequebook according to the base currency of your account.

How will the Paper Statement Fee impact me?

If you have opted to continue receiving paper statements for your deposit accounts after 1 January 2021, the Paper Statement Fee of S$2 will start to apply in the following months (please refer to the above pricing table for the fees charged in other currencies).

For example, if you receive a paper statement in January 2021, the Paper Statement Fee will be charged to your account in February 2021.

If you have opted to receive eStatements instead, the Paper Statement Fee will not apply. However, please note that if the eStatement subscription is not processed in time (at least 10 workings days before your statement date) and a paper statement is generated for the month, relevant charges will apply.

This fee is not applicable to Priority Banking clients as well as clients below 18 years old or above 65 years old.

How is the Paper Statement Fee reflected in my statement?
The charge will be reflected as ‘Paper Statement Fee’ in your statement.

If I receive more than one paper statement for my deposit accounts held with the bank, how will I be charged?

The Paper Statement Fee of S$2 is charged on a per paper statement basis (please refer to the above pricing table for the fees charged in other currencies). You may request to link your deposit account(s) into a single consolidated statement to avoid multiple paper statement fees. This fee will not apply if you are receiving eStatements even if you have separate statements for your deposit account(s).

If I have more than one account in my Consolidated Statement, how will I be charged?

The Paper Statement Fee of S$2 will only be charged to your deposit account with the most recent account opening date (please refer to the above pricing table for the fees charged in other currencies). If there are insufficient funds in that account, it will be charged to the next available account.

How can I request for eStatements to avoid the Paper Statement Fee?

Simply log in to SC Online Banking or the SC Mobile App to change your statement subscription at least 10 working days before your next statement. The Paper Statement Fee will be charged on paper statements generated from January 2021 onwards.

Please note that if the eStatement subscription is not processed in time and a paper statement is generated for the relevant month, you will continue to be charged a Paper Statement Fee in the following month’s statement.

To opt for eStatement/eAdvices, you may follow the steps below:

Step 1: Log in to your Standard Chartered Online Banking or SC Mobile and click on “eStatements” on the menu.

Step 2: Click on “Change subscription” and select the “eStatements / eAdvice” option.

If you are not registered for our SC Online Banking, you can click here to do so instantly. Do ensure you have a valid mobile number registered with us and have your ATM/Debit/Credit Card and PIN ready. If you do not have the required information. Please visit any of our bank branches for assistance