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Standard Chartered current accounts review

Find out which Standard Chartered bank account is most suitable for your banking needs.

Standard Chartered provides a myriad of banking solutions to both residents and expatriates in Singapore. Whether you’re looking for a basic savings account or one with checking facilities, you’d most likely find one best suited to your needs.

Find out more about Standard Chartered current accounts in Singapore, including their features, fees and eligibility criteria.


Monthly fee


Minimum Initial Deposit


Fall below monthly fees


What features come with Standard Chartered current accounts?

Each Standard Chartered bank accounts are designed to suit varying needs and comes with different features. However, Standard Chartered bank accounts generally come with the following features:
  • Online banking
  • Mobile payments
  • Reward schemes (e.g. cash rebates, bonus interest earn etc)
  • Online payment for local bills
  • Standing instructions for regular payments
  • Wide coverage of ATMs islandwide with fee-free cash withdrawals

What fees are charged with Standard Chartered bank accounts?

Standard Chartered bank accounts come with a straightforward price structure. Here are some fee types you might encounter:
  • Fall-below fee. Standard Chartered charges a S$5 fee for most of its accounts if the balance dip below the required minimum average daily balance.
  • Monthly service fee. Some account types charge a monthly service fee regardless of your available balance. For example, the XtraSaver (SGD), Personal Current account and Preferred current account will cost you $2 monthly.
  • Unarranged overdraft charge. For accounts with an overdraft facility, you’ll be charged a 5% fee on top of the prevailing prime lending rate if your account becomes overdrawn without prior arrangement or exceed your arranged overdraft limit.
  • Early account closure fee. There’ll be a S$30 penalty for most accounts if you close it within 6 months from the date of opening.
  • Cheque book fee. If your account comes with checking facilities, your first cheque book will be complimentary. Subsequent cheque book will cost $15 per copy.
  • Miscellaneous fees. Depending on your account, some services may cost extra when you utilise them. Examples of chargeable services are trading fees, cashier orders, outward remittance transfer fees and demand draft handling commissions.

Compare a range of current accounts in Singapore

Name Product Monthly fee Minimum Initial Deposit Fall below monthly fees Mobile payments
Apple Pay, Google Pay
Wise (formerly TransferWise) is an international account for over 50 currencies, with instant, super-cheap money transfer, a card to spend in any currency, bank details to get paid in 30 different countries and multi-currency direct debits.
Apple Pay, Google Pay

Get 20% cashback on all eligible public transport expenses in Singapore when you pay with Revolut. Valid until 31 December 2021.

Enjoy no monthly fees, competitive currency conversion rates, and spend in over 150 currencies with Revolut’s Standard card.
Apple Pay, Google Pay

Get 20% cashback on all eligible public transport expenses in Singapore when you pay with Revolut. Valid until 31 December 2021.

An exclusive premium contactless card that allows for unlimited currency exchanges, a free Lounge Pass, and 1% cashback on expenses.
Apple Pay, Google Pay

Get 20% cashback on all eligible public transport expenses in Singapore when you pay with Revolut. Valid until 31 December 2021.

On top of standard Revolut perks, this debit card comes with unlimited spending and free overseas ATM withdrawals, up to $700 per month.

Compare up to 4 providers

Disclaimer: Interest rates are applicable for deposits between S$1,000 and S$49,999. Interest rate and initial deposit are shown in Singapore dollars. Please check with the provider for deposits and rates in other amounts and currencies.

What Standard Chartered current accounts are there?

What other Standard Chartered accounts are available?

Standard Chartered also offers savings accounts, foreign currency accounts and term deposits.

How will I know which Standard Chartered account is best for me?

Standard Chartered provides a range of account types catering to different banking needs.

For example, the Standard Chartered Unlimited$aver Account is undoubtedly one of the most ideal options for Standard Chartered Unlimited Cashback Credit Card cardholders with a sizeable bank deposit due to the potential high cashback unlock. For those who prefer to consolidate their spending, salary crediting, bill payments and wealth in a single account, the Bonus$aver Account promises to offer attractive step-up rates of up to 2.38%.

Ultimately, the account that’ll be most suitable for you will depend on your individual banking needs and financial profile.

How do I open a bank account with Standard Chartered?

If you’re an existing Standard Chartered account holder, you can apply for a new account conveniently through online banking.

New applicants (Singapore citizens and PRs) can apply with their SingPass, a simple and secure application process that speeds up the process by retrieving your personal details and income information directly from MyInfo. Alternatively, you can also fill up an online application form if you don’t have a SingPass account.

To ensure a smooth application, make sure that you meet the eligibility criteria for the specific Standard Chartered account you’re interested in and have all the relevant documents and details you need on hand.

Eligibility criteria

The specific eligibility criteria may vary depending on the specific Standard Chartered account you’re applying for, but you’d typically need to meet these requirements:

  • Age. You must be at least 18 years of age
  • Residency. Singapore citizen, permanent resident or foreigner.

Required documents

Make sure you have the following information and documents ready when you apply:

  • Singapore citizens and permanent residents. NRIC
  • Foreigners. A valid passport and a valid employment pass. You’ll also need to submit any of the following documents:
    • Utility or telco bill within the last 3 months
    • Bank statement within the last 3 months
    • Letter from current employer indicating your address
    • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
    • Tenancy agreement

    Frequently asked questions

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