Deposit Insurance Register

Our wide range of accounts ensures that you are never short of choices and your money is in safe hands.

The Deposit Insurance Scheme was established under the Deposit Insurance Act, which came into force on 18 October 2005. The Scheme aims to provide limited protection to individuals and charities in respect of their "Insured Deposits" placed with banks and finance companies that are members of the Scheme. Standard Chartered Bank (Singapore) Limited is a member.

With effect from 1 May 2011, the Deposit Insurance Scheme comes under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011, with the following material changes:

  1. The insured deposit coverage limit has been increased to $50,000 per depositor, per Scheme member.
  2. Insured depositors now include depositors in general (including sole proprietorships, partnerships, companies, societies and associations), except for depositors who are themselves banks.

Standard Chartered deposit accounts that are eligible for deposit insurance coverage under the Deposit Insurance Act are listed in the Insured Deposit Register below.

FAQs

    • What is the scope of the Deposit Insurance Scheme?

      From 1 May 2011, Singapore dollar deposits held by non-bank depositors in eligible savings, fixed deposit and current accounts will be insured up to $50,000 per depositor in accordance with the Deposit Insurance and Policy Owners' Protection Schemes Act 2011.

    • Who is covered under the Deposit Insurance Scheme?

      Depositors in general (including sole proprietors, partnerships, companies, societies and associations) are covered. Depositors who are themselves banks are excluded.

    • Are foreign currency deposits covered under the Deposit Insurance Scheme?

      No. Only Singapore dollars deposits are covered under the Deposit Insurance Scheme.

    • What types of deposits are covered under the Deposit Insurance Scheme?

      Generally, all Singapore dollars deposits in savings, fixed deposit and current accounts are covered. You can find a list of eligible Standard Chartered deposit accounts on the Bank's Insured Deposit Register.
      CPFIS deposits are also eligible for separate coverage under the Deposit Insurance Scheme, however Standard Chartered Bank (Singapore) Limited does not offer CPFIS deposits.

    • Are the deposits held by a corporate entity insured under the Deposit Insurance Scheme? Will the coverage be aggregated for a group of related entities?

      All eligible deposits held by non-bank entities, including corporate entities, will be insured up to a maximum of $50,000 for each entity. The Deposit Insurance coverage is not aggregated for a group of related entities. The eligible deposits of each entity will be aggregated, and insured up to a maximum of $50,000 for that entity.

    Learn more »

Insured Deposit Register

Deposit Accounts - Deposits in the following accounts are eligible for insurance coverage under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011. Any Singapore dollar deposit in this list held by non-bank depositors will be insured up to the limits specified in the Deposit Insurance and Policy Owners Protection Schemes Act 2011.

Deposit Accounts Offered by Standard Chartered Bank (Singapore) Limited
    • Bonus$aver
    • Business$aver Premium
    • Business Circle Account
    • Business Overdraft
    • Cheque and Save
    • Cheque and Save (SGD)
    • Child Development Account
    • Child Development Account Time Deposit
    • Credit Manhattan
    • Current Account
    • Dash Easy Savings Account
    • e$aver
    • e$aver Account
    • e$aver Account (Staff)
    • e$aver Kids!
    • e$aver Kids! (Staff)
    • Escrow
    • Fixed Deposit
    • Higher Education Savings Plan
    • Money Market Cheque and Save
    • Mortgage One Current Account
    • NUS Alumni Account
    • One Account
    • Preferred Current Account
    • Private Bank Cash Account
    • PruSaver Time Deposit
    • Savings Account
    • Securities Settlement Account
    • SGD Business$aver
    • SGD Business One
    • SGD International Trade
    • SGD Step-up Time Deposit
    • SME Essential Chequeing Account
    • Staff One Account
    • Staff Private Bank Cash Account
    • SuperSalary
    • Super Time Deposit
    • Time Deposit
    • World Partner Chequeing Account
    • World Partner Savings Account
    • SME Lite Chequeing Account
    • SME Merchant Chequeing Account
    • XtraSaver (SGD)
    •  
Deposit Accounts Offered by Standard Chartered Bank, Singapore Branch
    • Company Current Account
    • Demand Account Interest Bearing
    • Demand Account Non Interest Bearing Account
    • Escrow
    • Money Market Deposit
    • Savings Account
    • Time Deposit
    • SGD Cash Collateral
    • Call Notice Deposits

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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.

Disclaimer

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.

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