Standard Chartered

: 2024 Review

Price: 
Free (depending on account, initial deposit required varies)
Countries:
Singapore
United States
Global

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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, an online education platform that helps people shift from "live to work" to "work to live." He writes about money, portfolio careers, and life design. Starting his career in San Francisco, he has lived and worked across Southeast Asia and Latin America for the past 6 years. He has 10+ years of experience building products and teams at public companies (Dropbox) and scaling startups (Xendit). His work has been featured in global outlets like Business Insider, CBS, US News & World Report, and Tech in Asia. He graduated from Dartmouth College.

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