Standard Chartered Bank

Standard Chartered Bank(Singapore)

Offshore Banking solutions can assist you with international company, corporate bank account, and Personal Bank account with free e-banking facilities for managing your daily business banking needs, saving purposes with Standard Chartered Bank in Singapore. The bank offers secure banking from the comfort of your home. Access funds globally through your own card and save money on global FX.

About this Product

Package Services

Corporate Bank Account opening fees with E-Banking facilities: $650

Personal Bank Account opening fees with E-Banking facilities: $500

Bank Products and Services

Business credit/debit card: $0

Personal credit/debit card: $0

Shipping Cost: It will be charged extra on actual basis.

Important information about Standard Chartered Bank

About Standard Chartered Bank

Standard Chartered Bankis one of the world's most international banks and listed on the London, Hong Kong and Mumbai stock exchange.

Standard Charted Bank offers to its corporate and institutional clients services in trade finance, cash management, lending, securities services, foreign exchange, debt capital markets and corporate finance.

The Bank also provides private banking services through its private banking division.

The Bank's global business is managed out of Singapore, as is its global Technology & Operations function.

Having an international account is an essential step toward financial diversification. Standard Chartered Bankfocuses on offering you an exceptional banking experience, while providing access to a global suite of products.

Facilities offered by Standard Chartered Bank
  • Current accounts for individuals and legal entities
  • Numbered accounts
  • Master or Visa Credit/Debit Cards
  • Online and Mobile Banking
  • Multilingual customer support
  • Personal, Private and Business Banking
  • Islamic Business Banking
  • Renminbi services
  • Corporate Finance
  • Financial Markets
  • Savings Accounts
  • Loans and Mortgages
  • Investment & strategy advice
  • Deposit Insurance Scheme.
  • The approximate time-frame for account allocation may range from 1 to 10 working days upon receipt of the required documentation by the bank and a face-to-face meeting.
Bank Tariffs/ charges
  • Standard Chartered Bank (Singapore) can be considered as a low-cost bank with respect to bank transfers and account maintenance.
  • Inward transfers to foreign account are SGD10.
  • The outward payments from SGD and foreign currency accounts is 1/16%, min. SGD15, max. SGD50.
  • Bank tariffs/ charges may be changed anytime at the sole discretion of the bank, we therefore suggest contacting us or visiting the bank’s website for updated details on specific fees and charges.
  • Our professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

Documents requirements

Corporate Bank Account
  • For the Company:

A set of legalized company documents consisting of:

  • Certificate of Incorporation
  • Memorandum and Articles of Associations
  • Documents confirming the appointment of company directors and secretary (if any)
  • document confirming the location of the registered office
  • Share Certificate(s)
  • Certificate of Good Standing if the company is more than 12 months old
  • Copy of the Corporate Structure, identifying the ultimate beneficial owner(s)
  • Valid License (if applicable)
For each corporate officer (Where the company directors or shareholders are legal entities), please provide:

A set of legalized company documents consisting of:

  • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
  • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
  • Copy of the Corporate Structure.
  • Certificate of Good Standing.
For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
  • Notarized copy of valid passport.The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV
Personal Bank Account
  • Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter dated within 3 months.
  • Personal CV
Note:
  • Documents that are not in English must be accompanied by a certified translation.
  • Citizens of CIS countries or US residents can be accepted by the bank only in case their business is conducted in Singapore.
  • Personal visit to the bank for the account activation will be required.
  • Shipping of banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction where the bank is based as well as your destination country.
Certification Requirements:

A certified document copy is a copy (often a photocopy) of a primary document that has on it an endorsement or certificates that it is a true copy of the primary document. All certifications should meet the below standards:

  • Document certifications for individuals should be dated within 90 days of submission
  • Document should be stamped or sealed by certifying agent
  • Must contain the name, contact details, and signature of certifying party
  • Contains language similar to: “This is a true copy of the Original”
  • Any signatures and stamps should be clear, legible and in dark ink so that all relevant detail is visible on the scanned document
Account opening timeframe
  • The approximate time-frame for account allocation from 1 to 10 business days receipt of the original documents by the bank.
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