Savings Account Provided By Standard Chartered

Features of Standard Chartered Savings Account

  • Provides zero balance accounts
  • Can get profit on the minimum balance maintained
  • Low or no monthly fees are levied
  • Can maintain the account in multiple currencies
  • Can get free debit cards on some savings accounts
  • Can get notified on every transaction made on the account
  • Provides internet banking facility
  • Can avail phone banking facility
  • Can use the debit card on international purchases as well
  • Both UAE residents and non-residents are eligible for some accounts

Standard Chartered Savings Account

Standard Chartered Bank

4 Standard Chartered Bank Savings Accounts

Saadiq Savings Account

minimum balance

Min Balance to Maintain

AED 3K

monthly fee

Monthly Fee

AED 0

annual fee

Annual Fee

AED 0

relationship manager

Relationship Manager

No

Currency Account

Yes

minimum balance

AED 3K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Features

  • This is an Islamic account by nature.

Features

  • This is an Islamic account by nature.

Benefits

  • Avail internationally recognised debit card.
  • You can access your funds conveniently for 24/7.
  • You can set up standing instructions for this account.
  • You can deposit cash at Standard Chartered cash deposit machines.
  • Avail higher withdrawals limits with this account.
  • You can easily make your utility bill payments with you savings account, like DEWA, du and Etisalat.
  • You can receive SMS alerts on all the transactions performed with your account.
  • Bank online and avail e statements with this account.
  • There are no rewards on this account.

View details on bank page

Saadiq XtraSaver Account

minimum balance

Min Balance to Maintain

AED 0

monthly fee

Monthly Fee

AED 0

annual fee

Annual Fee

AED 0

Currency Account

Yes

minimum balance

AED 0

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

Yes

Currency Account

Features

  • Provides attractive interest rates on the account
  • Can get alerts on every transaction made
  • Both UAE residents and non-residents can avail

Features

  • Provides attractive interest rates on the account
  • Can get alerts on every transaction made
  • Both UAE residents and non-residents can avail
  • Can access the account in AED and USD currencies

Benefits

  • No monthly balance maintenance requirement
  • Can get up to 2%(p.a) interest on the balance maintained in the account
  • Provides mobile and online banking facility
  • Can get a debit card

View details on bank page

Savings Account

minimum balance

Min Balance to Maintain

AED 3K

monthly fee

Monthly Fee

AED 25

annual fee

Annual Fee

AED 0

relationship manager

Relationship Manager

No

Currency Account

Yes

minimum balance

AED 3K

Min Balance to Maintain

monthly fee

AED 25

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Benefits

  • Make local bill payments like DEWA, Etisalat and Du via online banking.
  • This account comes with a higher withdrawal limit.
  • You can receive SMS alerts on this account, whenever you make a transaction.

Benefits

  • Make local bill payments like DEWA, Etisalat and Du via online banking.
  • This account comes with a higher withdrawal limit.
  • You can receive SMS alerts on this account, whenever you make a transaction.
  • Receive e statements on your account from time to time.
  • Manage your money easily with Standard Chartered mobile banking platform.
  • This account comes with an internationally recognised debit card.
  • Avail standing instructions with this account.
  • Deposit cash at Standard Chartered deposit machines.
  • There are no rewards on this account.

View details on bank page

XtraSaver Account

minimum balance

Min Balance to Maintain

AED 0

monthly fee

Monthly Fee

AED 25

relationship manager

Relationship Manager

No

Currency Account

Yes

minimum balance

AED 0

Min Balance to Maintain

monthly fee

AED 25

Monthly Fee

relationship manager

No

Relationship Manager

Yes

Currency Account

Benefits

  • Make local bill payments like DEWA, Etisalat and Du via online banking.
  • This account comes with a higher withdrawal limit.
  • You can receive SMS alerts on this account, whenever you make a transaction.

Benefits

  • Make local bill payments like DEWA, Etisalat and Du via online banking.
  • This account comes with a higher withdrawal limit.
  • You can receive SMS alerts on this account, whenever you make a transaction.
  • Receive e statements on your account from time to time.
  • Manage your money easily with Standard Chartered mobile banking platform.
  • This account comes with a contactless debit card.
  • There are no rewards on this account.

View details on bank page

Frequently Asked Questions

Q. What are the zero balance accounts provided by Standard Chartered?

A. XtraSaver account and Saadiq Xtra Saver accounts are provided without the requirement of minimum balance in the account.

Q. Can I get a debit card on all the accounts?

A. Yes. An international debit card is provided for free on all the accounts.

Q. What are the charges to get an account statement?

A. Online account balance letter is provided for free. A paper account statement(1 year) is charged AED 26.25.

Q. Can I get a new debit card?

A. A first debit card on account opening is provided for free. Further AED 26.25 is charged per card.

Q. What are the charges on debit usage?

A. There are some processing fees charged on foreign currency i.e AED 2% of the transaction amount with Visa/Mastercard charges are levied.

Q. Can I get a cheque book for free?

A. First cheque book on account opening is provided for free. Later on, AED 26.25 is charged per cheque book(25 leaves).

Q. What are the charges on cheque transactions?

A. For local currency, there are no charges on transactions made using a cheque. But on foreign currency. 0.131% of the cheque amount is charged.

Q. What are the charges on cash withdrawal at Standard Chartered ATMs?

A. There are no charges on cash withdrawal at Standard Chartered ATMs.

Q. What are the charges on cash withdrawal at other bank ATMs?

A. AED 2.10 is charged per withdrawal on cash withdrawal at other bank ATMs in UAE.

Q. What are the charges on cash withdrawal at ATMs outside UAE?

A. AED 21 is charged per withdrawal on cash withdrawal at ATMs outside UAE.

About Standard Chartered

A leading international banking group, with a rich history of over 150 years, Standard Chartered Bank (SCB) has been present in the UAE since 1958. SCB offers a range of products under Islamic and Conventional banking and is one of the leading financial institutions in UAE. Their main objective is ‘to offer outstanding value to customers and clients by providing a knowledgeable, efficient and reliable service in a personal, helpful and responsive manner’.

Corporate Values of the Standard Chartered Bank:

  • Knowledge
  • Efficiency
  • Reliability in Service
  • Personal Approach
  • Helpful and Responsive Mannerisms

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