Standard Chartered Priority Banking: Get S$800 cash or iPhone 14 Plus with new sign-up

If you’re looking for a priority banking relationship, here’s an offer you’ll definitely want to take note of. 

From now till 31 December 2022, new Standard Chartered Priority Banking customers can enjoy S$800 cash or an iPhone 14 Plus (worth S$1,499) when they deposit S$200,000 in fresh funds and maintain the balance for a 3-month period. 

In addition to bespoke wealth solutions and preferential fees, Priority Banking clients enjoy some solid travel benefits too, including up to 24 complimentary lounge visits per year and a reimbursement of APEC Business Travel Card application fees.

SC Wealth $aver Priority Banking account sign-up offer

Apply Here

From 1-31 December 2022, new-to-bank customers who open a new Standard Chartered Wealth $aver Account and deposit at least S$200,000 in fresh funds will be eligible for one of the following gifts:

• S$800 cash via PayNow
• iPhone 14 Plus (worth S$1,499)

Here’s the key terms to take note of:

• You must apply through the SingSaver links in this article to be eligible for the offer
• Account must be approved by 31 December 2022
• Rewards Redemption Form (which will be emailed to you by SingSaver) must be completed within 14 days of application
• S$200,000 fresh funds must be deposited by 7 January 2023
• S$200,000 fresh funds must be maintained until 31 March 2023

If the above criteria is met, customers will receive their reward from SingSaver by 30 June 2023.

This offer is available to anyone who has not cancelled a deposit account (defined as current, savings or time deposits) with Standard Chartered in the past 12 months. For avoidance of doubt, this offer is available even if you currently hold a Standard Chartered credit card. 

SingSaver Score Big

If you’re planning to open a Standard Chartered Priority Banking relationship, be sure to submit your application by 18 December 2022 to be eligible for Score Big, SingSaver’s year-end draw. 

There’s a prize pool worth S$30,000 up for grabs in the grand draw, including: 

• 3x round-trip Economy Class flights to Doha on Qatar Airways
• 3x iPhone 14 Pro Max 128GB
• 3x MacBook Air 13″ M2 Chip 256GB
• 3x Samsung Galaxy Z Flip4
• 30x Lumos Ray Smart
• 1x PlayStation 5 FIFA 23 Bundle
• 1x PlayStation 5

You’ll be automatically enrolled in the draw when you apply for a Standard Chartered Wealth $aver Priority Banking account, with 3x chances. 

The lucky draw will take place on 30 June 2023, and winners will be announced on this page by 7 July 2023. The T&Cs for the lucky draw can be found here.

SC Priority Banking features

Standard Chartered Wealth $aver Priority Banking clients can look forward to the following benefits: 

• Earn up to 3.5% on your entire account balance with Wealth $aver, exclusively for Priority Banking clients
• Gain access to a full suite of wealth solutions, seasoned advice, coupled with curated market insights to achieve your financial goals
• Tap on Standard Chartered international banking network across over 30 markets for all your financial needs
• Enjoy a suite of digital wealth and convenient banking solutions that allow you to bank or invest conveniently, wherever you are

Other perks include no minimum brokerage fees for online equities trading, as well as waivers on selected fees and charges.

Another perk worth mentioning is the Standard Chartered Priority Banking Visa Infinite Card, which works slightly different from the brown Standard Chartered Visa Infinite Card you may already be familiar with. 

	SC Priority Banking Visa Infinite	SC Visa Infinite
Annual Fee	S$321 (FYF)	S$588.50
Local Earn Rate	1.0 mpd	Up to 1.4 mpd*
FCY Earn Rate	1.0 mpd	Up to 3.0 mpd*
Lounge Visits (Per Year)	Up to 24	6
*Min. spend of S$2,000 per statement month required, otherwise 1.0 mpd for both

The Priority Banking Visa Infinite has an annual fee of S$321, waived for the first year. With an earn rate of 1.0 mpd on both local and foreign currency (FCY) spending, it’s not really a card I’d use for day-to-day spending. 

However, the main attraction of this card is its complimentary Priority Pass visits. You’ll enjoy 24 visits per membership year, provided you maintain a minimum AUM of S$200,000 for the month in which you first apply for the Priority Pass. 

And since you’ll need to maintain that anyway for the SingSaver offer, you basically enjoy 24 lounge visits for the first year, no annual fee required! These can be shared with up to one guest, i.e. a couple could visit the lounge 12 times. 

SC Priority Banking customers are also eligible for a reimbursement of the S$100 application fee for the APEC Business Travel Card (ABTC), provided they maintain a minimum of S$200,000 AUM in the six consecutive months before submission. 

This allows you to enjoy expedited immigration at airports across Asia Pacific (plus Canada and the USA), together with a waiver of visa and Electronic Travel Authorisation requirements. I’ve been a card-carrying member for years, and it’s spared me from crazy airport lines more times than I can remember. 

Full guide: Applying for an APEC Business Travel Card (ABTC) in Singapore

Conclusion

Apply Here

For the month of December, new Standard Chartered Priority Banking clients will enjoy a choice of S$800 cash or an iPhone 14 Plus when they open a new account and maintain a S$200,000 balance for three months.

Don’t forget to apply by 18 December to be eligible for SingSaver’s Score Big draw, with prizes including trips to Qatar, MacBook Air laptops, PlayStation 5s and more.