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How to credit your salary or income to your bank savings account? You can credit your salary to your Standard Chartered savings account via cheque, cash deposit at ATMs or in Standard Chartered branches, funds and bank transfers, and GIRO. If your savings account has an interest rate programme or is linked to a debit or credit card cashback programme, then you will need to credit your salary via GIRO with the codes “SAL” or “PAY” – something you can inform your HR (Human Resources) department to assist you with.
|Standard Chartered Savings Account||Interest Rate (per annum)||Bonus Interest Rate (per annum)|
|Standard Chartered Jumpstart||1.00% (Up to S$20k)||N/A|
|Standard Chartered Unlimited Saver||1.50% (Up to $100k. Cash back)||1.5% (Above S$100k. Cashback)|
|Standard Chartered MyWay Savings||0.10% (Up to S$50k)||0.25% (Up to S$950k)|
|Standard Chartered FCY Saver||0.00% to 0.50% (across 5 foreign currencies)||N/A|
|Standard Chartered eSaver Kids||N/A||N/A|
|Standard Chartered eSaver Savings Account||0.05% (Up to S$50k)||0.25% (Until 30 Nov 20)|
A summary of the changes to Standard Chartered Bonus Saver savings account’s interest rates as of 1 October 2020.
SCB Bonus Saver’s base interest rate will be revised from 0.03% to 0.05% per annum as of 1 October 2020
SCB Bonus Saver’s bonus interest rate for salary crediting will be changed to 0.20% per annum for your first S$80,000 instead of the previous 0.40% per annum
Bonus interest rates for SCB credit card spend will remain at 0.75% per annum with a minimum of S$2,000 eligible spend
Bonus interest rate for bill payments will remain at 0.10% per annum
For SCB investments, bonus interest rates will increase from 0.85% to 0.90% per annum
Likewise for SCB insurance, bonus interest rates will increase from 0.85% to 0.90% per annum
To contact or speak to the Standard Chartered Bank customer service team, call the Standard Chartered Singapore hotline at 1800 747 7000 or +65 6747 7000 if you are calling from overseas. Alternatively, you can visit the SCB website between 9am to 12am daily to contact the SCB customer service team via the live chat function. Finally, you can visit one of the 15 Standard Chartered branches near you in person.
Standard Chartered online banking Singapore allows you to access your credit card, make retail payments and bank transfers, view personal and home loans, set up recurring bill payments, insurance, savings, fixed deposit accounts, and more banking services. If you are new to Standard Chartered Bank, you will need to first visit a Standard Chartered branch in person to apply for your first account or card with the bank before you can create an SCB ibanking account. If you are an existing Standard Chartered customer, visit the Standard Chartered online banking website. With your SC debit, credit, or ATM card, you will be able to sign up for an online banking account. If you received a set of temporary ID and password from a SCB branch, you will be able to login as well.
If you hold a Standard Chartered current or savings account, there are debit or credit card linking programmes to help you earn higher cashback or interest rates.
For SC Simply Cash Credit Card holders, you can sign up for a Standard Chartered Unlimited Saver savings account which will entitle you to additional cashback of 1.5% per month on your SCB Simply Cash credit card’s eligible spend. No minimum initial deposit, but there is a S$3,000 minimum average daily balance which comes with a S$5 fall below fee per month.
The SC Jumpstart savings account can be linked to the Standard Chartered cashback debit card to earn 1.00% per annum bonus cashback on eligible debit card spend.
Standard Chartered BonusSaver is a current account which can be linked to the SCB Bonus Saver World Mastercard credit or debit card to earn bonus interests of 0.25% per annum if you charge above S$500, and 0.75% per annum if you charge above S$2,000 eligible spend to your card.
Standard Chartered Jumpstart is a savings account that used to offer one of the highest interest rates in Singapore at 2.00% per annum. In July 2020, the Jumpstart interest rate was changed to 1.00% p.a.. Here, a summary of the account:
Standard Chartered Jumpstart is a savings account with no minimum salary crediting, minimum initial deposit, minimum average daily balance, nor fall below fees.
The Jumpstart account offers 1.00% per annum interest on your account balance (below S$20,000), and 0.10% per annum interest for funds above S$20,000. Interest is calculated daily, and credited at the end of each month.
If you have a SCB Cashback debit card, you can link it to your Jumpstart account and make it the card’s primary account. This way, you will be awarded 1.00% per annum bonus cash back on eligible Mastercard transactions. Cashback capped at S$60 monthly.
Eligible SCB Cash back debit card transactions include retail spend via Mastercard. General exclusions such as ATM withdrawals, payments via NETS or EZ-Link, insurance, loans, credits, deposits, payments to ICA, MOM, and LTA, fees and charges, and voided transactions do not qualify for cashback.
To qualify for this account, you need to be between 18 and 26 years of age. If you are a Singapore citizen or PR, you can apply for the Jumpstart online via SingPass MyInfo or in person at any StanChart branch. Do bring along your NRIC if you are a Singaporean, and your passport, student or employment pass, and 3 months’ worth of bills, current bank statements etc. to prove your residency in Singapore.
Even after you turn 27, you will still be able to keep your Jumpstart Standard Chartered account – and the balance in your account will continue to generate the 1.00% per annum interest.