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How would you like to apply?

I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

*SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

*Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

I am an existing Standard Chartered Current/Checking/Savings Account holder

    How would you like to apply?

    I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

    *SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

    *Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

    Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

    I am an existing Standard Chartered Current/Checking/Savings Account holder

      Standard Chartered Bank (Singapore) Limited Business Banking Business$aver and Foreign Exchange Reward Campaign Terms and Conditions

      Eligibility

      1. This Business$aver and Foreign Exchange (“FX”) Reward Campaign (“Campaign”) is available from 08 April 2019 to 30 September 2019 (both dates inclusive) (“Campaign Period”). Standard Chartered Bank (Singapore) Limited (“SCB” or “Bank”) will determine, in its sole discretion, whether a customer qualifies or meets the qualifying criteria and all decisions of SCB shall be final and binding in all respects. By participating in this Campaign, customers agree to be bound by these terms.

      A) Foreign Exchange

      1. The FX Reward (as defined at clause 10 below) is open to all Business Banking customers, including Existing-to-bank (“ETB”) and New-to-bank (“NTB”) customers. To qualify for the Campaign, NTB customers must first successfully open a new SCB Business Banking account with SCB during the Campaign Period.
      1. For the purposes of clause 2 above, “ETB” means customers that hold an active Business Banking account or accounts with the Bank, and “active account or accounts” means any SCB account or accounts that has/have not been suspended, cancelled or terminated for any reason.
      1. For the purpose of clause 2 above, “NTB” means customers who do not have any existing Business Banking account(s) with the Bank or closed any Business Banking account(s) in the past 12 months.
      1. To qualify for the FX Reward, Business Banking customers must:
        1. Not have performed more than SGD20,000 of FX transactions with the Bank in the last 6 months prior to 01 April 2019, i.e. from 01 October 2018 to 31 March 2019 (both dates inclusive); and
        2. Perform accumulated FX transactions of SGD150,000 or more during the Campaign Period via either the Bank’s S2B NextGen platform or the Bank’s treasury services. (collectively, points 5(a) – (b) to be known as the “FX Eligibility Criteria”).
      1. For the purposes of clause 5 above, FX transactions are defined as the current foreign exchange at which a currency can be bought or sold against another currency for value within two business days from the date of transaction booking.

      B) Business$aver account

      1. To qualify for the Business$aver Reward, business entities must be NTB customers which:
        1. Open a new USD and/or SGD Business$aver account during the Campaign Period by presenting and submitting to the Bank, all documents as required by the Bank for the opening of the account;
        2. Submit a Standard Chartered Bank (Singapore) Limited Business Banking Business$aver and Foreign Exchange Reward Campaign Sign-up Form to the Bank during the Campaign Period;
        3. Not have any existing Business Banking account(s) with the Bank or closed any Business Banking account(s) in the past 12 months; and
        4. Deposit Fresh Funds (as defined at clause [8] below) of minimum USD50,000/SGD50,000 into the USD and/or SGD Business$aver account (as the case may be) and this minimum sum must be maintained as the Average Daily Balance of the Business$aver account for at least 6 months starting from the calendar month after account opening month. “Average Daily Balance” is equal to the sum of all end-day balances in the period divided by the total number of days in the same period.(collectively, points 5(a) – (c) to be known as the “Business$aver Eligibility Criteria”).
      1. For the purpose of clause 7(c) above, “Fresh Funds” refers to funds not originating from any existing account with the Bank and funds that are not withdrawn and re-deposited within the last 30 days from the date of the first deposit to the new USD or SGD Business$aver account (as the case may be) as stated at clause 7(a) above.
      1. For the purpose of clause 7(c) above, as an illustration, if a customer opens a Business$aver account in July 2019, the Average Daily Balance of the account opened must be maintained at USD50,000/SGD50,000 for a USD and/or SGD Business$aver account respectively from 01 August 2019 to 31 January 2020, both dates inclusive.

      Reward(s)

      A) Foreign Exchange

      1. Each customer who fulfils the FX Eligibility Criteria shall receive SGD50 in credit (“FX Reward”) for every SGD150,000 FX transaction performed during the Campaign Period via either the Bank’s S2B NextGen platform or the Bank’s treasury services.

      Illustration:

      Reward tiers Tier 1 Tier 2 Tier 3 Tier 4 Tier 5 Tier 6
      Cumulative transacted volume (SGD) over Campaign Period 150,000 300,000 450,000 600,000 750,000 900,000
      Cumulative Credits (SGD) 50 100 150 200 250 300
      1. For the purposes of Tiers 1 to 6 above, each customer who fulfils the FX Eligibility Criteria is entitled to a maximum of SGD300 in FX Reward. For the avoidance of doubt, this cap does not include and does not apply to any bonus rewards.

       

      1. FX Reward will be credited into customers’ Business Banking account before 31 October 2019. If a customer has multiple Business Banking accounts with the Bank, the Bank has the right to credit the FX Reward into any Business Banking account of the Bank’s choosing. If a customer does not have a Business Banking account with the Bank at the point of crediting, the Bank has the right to void the FX Reward accorded to the customer.

      B) Business$aver account

      1. Each customer who fulfils the Business$aver Eligibility Criteria shall receive SGD200 in credit (“Business$aver Reward”).
      1. Each customer who fulfils the Business$aver Eligibility Criteria can only receive the Business$aver Reward once, regardless of the number of Business$aver accounts opened and crediting of Business$aver Reward will be performed one month after the end of the 6 months maintenance period (as stated at clause 7(c) above). If customer’s Business$aver account is closed prior to crediting, the Bank has the right to void the Business$aver Reward accorded to the customer.
      1. For the purposes of clause 14 above, as an illustration, if a customer opens a Business$aver account in July 2019, the Average Daily Balance of the account opened must be maintained at USD50,000/SGD50,000 for a USD and/or SGD Business$aver account (as the case may be) from 01 August 2019 to 31 January 2020, both dates inclusive, and the crediting of the Business$aver Reward will be performed by end of 29 February 2020.

      C) Bonus Credits

      1. In addition to the FX Reward and/or the Business$aver Reward, each customer who fulfils the Business$aver Eligibility Criteria and performs at least SGD450,000 worth of FX transactions during the Campaign Period will also qualify for an additional bonus reward (“Bonus Reward”). The Bonus Reward is equivalent to the total of the FX Reward and/or the Business$aver Reward (as may be applicable) which the customer is eligible to receive.
      1. As an illustration:
      Customer fulfils FX Tier 3 FX Tier 4 FX Tier 5 FX Tier 6
      Business$aver Eligibility Criteria (SGD) 200 200 200 200
      FX Eligibility Criteria (SGD) 150 200 250 300
      Bonus Reward (SGD) 350 400 450 500
      Total Reward (SGD) 700 800 900 1,000
      1. Bonus Reward will be credited into customers’ Business$aver account opened during Campaign Period and performed one month after the end of the 6 months maintenance period as defined in clause 7(c). If customer’s Business$aver account is closed prior to crediting, the Bank has the right to void the Business$aver Reward and the Bonus Credits accorded to the customer.

      General

      1. Unless otherwise specified, the Campaign is not valid with any other offers, privileges or promotions.
      1. The FX Reward and/or the Business$aver Reward (collectively, the “Rewards”) are strictly non-transferable, non-assignable and non-exchangeable, whether in full or in part. The Bank may, at its sole and absolute discretion, replace or substitute the Rewards with any item of equivalent or similar value, at any time without prior notice or reason (and the Bank shall not be obliged to disclose its reasons).
      1. If the Bank at any time determines (at its sole and absolute discretion) that any of the eligibility requirements set out herein was not or has not been complied with but the Rewards have been credited to you, the Bank reserves the right to recover or debit the value of the Rewards from you.
      1. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Campaign or to terminate, withdraw, extend, suspend or shorten the Campaign at any time at the Bank’s sole discretion, with or without prior notice or reason. You understand and agree to be bound by any such variation.
      1. The Bank reserves the right to determine at our sole and absolute discretion all matters arising out of or about the Campaign, including your eligibility for the Rewards and/or Campaign. The Bank’s determination of all matters relating to this Campaign shall be final and conclusive and no correspondence will be entertained.
      1. In the event of any inconsistency between the Campaign Terms and Conditions and any brochures, marketing or promotional materials relating to the Campaign, these Campaign Terms and Conditions shall prevail to the extent of such inconsistency.
      1. These terms and conditions for the Campaign are to be read in conjunction with our existing terms and conditions governing the relevant Business Banking products and services referred to in this Campaign and the General Business Banking Terms and Conditions (collectively, the “Other Terms”). If there is any inconsistency between these terms and the Other Terms, these terms prevail only to the extent of such inconsistency.
      1. A person who is not a party to these terms and conditions has no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of the terms and conditions.
      1. These terms and conditions are governed by and shall be construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.
      1. All information is correct at the time of publishing.

      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.

      FX Disclaimer

      Foreign currency investments are subject to risks of exchange rate fluctuations and exchange controls may be applicable from time to time to certain currencies.

      The contents on this document are for general information only and do not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

      It has not been prepared for any particular person or class of persons and it has been prepared without regard to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you. You are fully responsible for your investment decision, including whether the product or service described here is suitable for you. The products / services involved are not principal-protected and you may lose all or part of your original investment amount. SCB will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of the information in this document.