What is Standard Chartered's Saadiq Basic Current Account-i?
Standard Chartered Saadiq Basic Current Account-i is a Shariah-compliant deposit account that comes with a chequebook to make easy payments. It is a no-frills and straightforward deposit account, and Hibah or profit earnings may be given at the bank's discretion.
With Standard Chartered, you get convenience with its online banking system where you can view, manage, transfer, and make payments online easily, anytime and anywhere. A debit card will be issued upon sign-up.
What are the highlights of this checking account?
You can utilise a simple mobile banking application with the SC Mobile App available for both Android and iOS phones. You will get free monthly e-statements highlighting all your account transactions.
Unfortunately, there will be no overdraft services for this Islamic current account.
How do I apply for Basic Current Account-i from Standard Chartered Saadiq?
You do not need an introducer for this account. You just need to bring your Identification Card and a minimum deposit of RM500.
Any charges that I may not know about?
There is a half-yearly service fee of RM10 chargeable to your account. Also, when making a payment using a cheque, make sure that you have enough balance because if it bounces due to insufficient funds, you will be fined RM150 and might get blacklisted by Bank Negara Malaysia.
