Standard Chartered

: 2024 Review

Free (depending on account, initial deposit required varies)
United States


Standard Chartered

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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
Dexter Zhuang
Dexter Zhuang

Dexter is the founder of Money Abroad, a website and newsletter on building wealth for global professionals. Over the last 10 years, he's been a product leader, product manager, consultant and coach at companies like Dropbox, Xendit, and growth-stage startups across the US, Asia Pacific, and Latin America. His work has been featured in global publications like Business Insider, CBS, US News & World Report, and Tech in Asia. He graduated from Dartmouth College.

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