Affordable banking services with Standard Chartered.
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Details

Additional Features
  • Standing instructions for regular payments
  • Free 24-hour Phone Banking and Internet Banking

Key Charges

Service Charges
Minimum initial deposit $20 (waived for individuals under the Government's Public Assistance Scheme / Special Grant Scheme recipients)
Minimum average daily balance $0
Monthly service charge $2 (regardless of balance)
Fall-below fee $0
Early account closure fee (within 6 months) $30
Passbook replacement fee $30

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Eligibility

    • Nationality: Singapore citizen
    • Age requirement: Minimum 15 years old
    • Income: Below $2,000 per month
    • Initial deposit: Minimum $20 (waived for those under the Government's Public Assistance Scheme)
  •     Documents Required
    • Mandatory supporting documents for Singapore citizens and permanent residents:
      • NRIC (front and back)
    • Mandatory supporting documents for foreigners:
      • Passport
      • Employment Pass
      • Any of the following documents:
        • Last 3 months' utility bill
        • Last 3 months' bank statement
        • Letter from the human resource department of current employer stating address
        • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
        • Telecommunications bill
        • Tenancy agreement
Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to $50,000 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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Call Us

Call our hotline for further information.

1800 747 7000

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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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