Standard Chartered Bank is a British multinational banking and financial services company headquartered in the UK. It has a strong presence across Asia, Africa, and the Middle East.
Here are some of the bank account types available for expats:
- Wealth$aver Account is a high-interest savings account that offers up to 5.00% p.a. interest. Requires Priority Banking or above (min S$200,000)
- Bonus$aver Account is a savings account that offers up to 7.88% p.a. interest on the first S$100,000.
- Cheque and Save Account is a basic savings account for expats who are looking for a basic savings account with a cheque book. Minimum initial deposit is S$5,000 and minimum account balance is also S$5,000 to avoid fall-below fee of S$7.50
Non-residents can open a bank account with Standard Chartered Bank, but must deposit a minimum of S$200,000 and provide:
- Valid passport or other identification document
- Proof of address
- Proof of income