Benefits

Additional Features
  • No minimum deposit
  • No minimum balance
  • No fixed term
Key Charges
Service Charges
Minimum initial deposit

$0

*Note: Trustee must complete a GIRO / Standing Instruction Form for monthly deposit of minimum $50 into the e$aver Kids account

Minimum average daily balance

$0

*Note: If the account carries a $0 balance for 6 consecutive months, it will be automatically closed

Fall-below fee $0
Early account closure fee (within 6 months) $0
Counter transaction $5 per cash withdrawal

Eligibility

    • Account opening requirements:
      • Trustee to complete e$aver Kids Trust Account Opening Form
      • Trustee to sign Declaration of Trust
      • Trustee to submit NRIC/passport of Trustee of which a copy will be retained
      • Trustee to submit the birth certificate of beneficiary of which a copy will be retained
      • Trustee must complete a GIRO or Standing Instruction Application Form for monthly deposits of at least $50 into account (must be from bank account in Trustee's name)
    • Eligibility:
      • Trustee (Parents) must be 21 years old and above
      • Beneficiary (Child) must be below 21 years old
      • Singaporeans, permanent residents or foreigners
    • Nationality: Singapore citizen / Singapore permanent resident / foreigner
  •     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
      • Income documents:
        • Salaried employee: current or previous month's computerised payslip from current employer (handwritten copies are not acceptable); OR latest Income Tax Notice of Assessment (if this document is faxed, please fax from the bottom end first)
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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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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