As an expatriate living or working abroad, finding the right bank to remit money might seem like a daunting task.
And there are many reasons you might need to transfer funds overseas, whether it’s paying off school loans, paying the mortgage on property you own “back home”, funding your overseas investment or simply sending a monetary gift to a loved one.
Thankfully, Standard Chartered Bank (Singapore) Limited (“Standard Chartered Bank”) offers enticing benefits when you remit with them, making the process easy and affordable.
Anytime, Anywhere You Want
Don’t want to be stuck in the queue at the bank? Remit in the comfort of your own home or even when you’re abroad! Standard Chartered Bank lets you remit from anywhere and at anytime you want, with ease and safety.
With 24/7 online access via its user-friendly Standard Chartered Online Banking or Mobile Banking App, remitting money is easy-peasy lemon squeezy.
Real-time Exchange Rates – Guaranteed!
Need to transfer Sterling Pounds to the UK or US Dollars to the USA? And with an attractive promotion to boot? SC Remit by Standard Chartered Bank is the answer – With $0 transfer charges, 0% foreign exchange (FX) cost and real-time FX rates!
This means you get to enjoy more savings when you perform international funds transfers online!
Interested? SC Remit lets you send money to your loved ones in the United States, United Kingdom, Australia, India, Malaysia, Indonesia, Hong Kong, Pakistan and the United Arab Emirates at $0 Transfer Charges and 0% FX Cost for qualifying remittance transactions from now till 30th June 2020! Refer to the below table for the eligible currencies and countries.
|Payee Country||Send currency (You send)||Payment currency (Payee receives)|
|United States of America||SGD||USD|
|United Kingdom||SGD or USD||GBP|
|India||SGD or USD||INR|
|Australia||SGD or USD||AUD|
|Malaysia||SGD or USD||MYR|
|Indonesia||SGD or USD||IDR|
|Spain, Germany or France||SGD or USD||EUR|
|Hong Kong||SGD or USD||HKD|
|Pakistan||SGD or USD||PKR|
|United Arab Emirates||SGD or USD||AED|
To participate in the SC Remit Promotion (“Promotion”), you must during the Promotion Period (13 January to 30th June 2020, both dates inclusive) successfully complete an online remittance transaction using Online Banking or Mobile Banking from a bank account (held with Standard Chartered Bank (Singapore) Limited (the “Bank”)) to the eligible countries in the eligible currency pairs (each, a “Qualifying Remittance Transaction” or “QRT”).
Under the Promotion, all transfer charges and expenses imposed by the Bank for your QRT will be waived, and the Bank will also not impose any additional FX costs on you for your QRT. The available foreign exchange (“FX”) rate applied for your QRT differs according to the QRT and refers to (a) the Bank’s proprietary wholesale FX rate, (b) the FX rate provided by the Bank’s service provider to the Bank for the QRT, or (c) a combination of (a) and (b). The Bank shall not be responsible for any fees and charges levied by the beneficiary bank in connection with the QRT. Please click here for the Promotion Terms and Conditions.
Under the Deposit Insurance Scheme, Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law.
Note: This article is written in collaboration with Standard Chartered Bank. All views expressed in the article are the independent opinions of The Finder. All information provided is for informational purposes only and is not intended to be construed as advice or an offer for any product or service. Standard Chartered is not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
by Melodi Ghui + Sara Lyle Bow, January 2019
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