Standard Chartered is a recognised brand not only in Singapore but worldwide. In Singapore, the bank offers customers a host of banking products and financial services, popular among them include credit cards, fixed deposits, investment products and more. The bank also offers a choice of 3 debit cards designed to meet specific customer needs.
Standard Chartered offers a choice of 3 debit card options. Here are the features and benefits of Standard Chartered debit cards:
If you wish to own this debit card, you must first open a Bonus$aver Account. This account does not charge a monthly fee. Here are some prominent features of this account and debit card:
XtraSaver is a current account which comes with a debit card that can earn you cashback on purchases. Here are the popular features and benefits associated with this debit card:
Apply for a Bonus$aver Account and 2 credits cards to get cashback up to S$138 after your application has been approved. Terms and conditions are applicable.
|Type of fee||Fees and charges|
|Bonus$aver Debit Card annual fees||
• Walk-in customers - S$20
• Employees will enjoy 1-year fee waiver
|XtraSaver Debit Card annual fees||S$20|
|Chequebook||S$15 per chequebook|
|Fee for account closure within 6 months of opening||S$30|
|Fall-below fee||S$5 per month|
Mandatory documents include:
Supplementary documents (mandatory or optional depending on the type of account/debit card) include:
There are several ways to apply for a Standard Chartered debit card. However, note that not all channels are applicable for all debit card applications.
There are several ways to activate your Standard Chartered debit card which include:
Note: Debit cards that are issued at Standard Chartered Bank branches do not need to be activated.
Q. Is there a cap on the cashback I will earn on my XtraSaver Debit Card spends?
A. Yes. The maximum cashback you can earn per month on your XtraSaver Debit Card is S$200. The cashback you earn will also depend on your account balance and other factors.
Q. When will the fall-below fee be applicable on Standard Chartered debit card accounts?
A. If the minimum average daily balance on the Bonus$aver or XtraSaver Accounts fall below S$3,000, you will be charged with a fall-below of S$5 per month.
Q. Is there a monthly service charge associated with the XtraSaver Account?
A. Yes. A monthly service charge of S$2 will be applicable on the XtraSaver Account. The Bonus$aver Account does not charge a monthly service fee.
Q. How will I know if my Standard Chartered debit card has been activated?
A. You will receive an acknowledgement from the bank regarding the activation after which you can start using your debit card to make transactions.
Q. In order to activate my Standard Chartered debit card via SMS, can I send the SMS from any mobile number?
A. No. Only SMS instructions that are sent from mobile numbers that are registered with the bank will be considered for Standard Chartered debit card activation.