Standard Chartered saadiq Basic Current Account-i

Go cashless and earn hibah profit from your deposits, including a guarantee of safekeeping with this Islamic Standard Chartered current account

Standard Chartered saadiq Basic Current Account-iNo Introducer
Profit Rate
0.25% to 0.5% p.a.
Account Type
Islamic
Service Charge
RM10
Min. Deposit
RM500
Phone Banking
Available
Account Statement
eStatement (via email)

Profit Rate

What you earn based on the amount that you have in your account

Min. AmountMax. AmountProfit Rate
RM5,001RM15,0000.25% p.a.
RM15,001No maximum0.5% p.a.

Features

What would make it different?

Online Banking
Standard Chartered Online Banking
Mobile App
PIDM Protected
Up to RM250,000

Fees & Charges

Service Charge
RM10 every 6 months waived with monthly average balance of RM1,000
MEPS Withdrawal Fee
RM4
HOUSe Withdrawal Fee
RM1
Overseas Withdrawal Fee
RM12
Early Closure Fee
RM20
Dishonoured Cheque Fee
RM150
Stop Payment Cheque Fee
RM20

Requirements

Minimum Age
  • 18 years old
Minimum Initial Deposit
RM500

More Information

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 cheque book to make easy payments. It is 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 payment online easily anytime 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 called Breeze Mobile from Standard Chartered that is available for both Android and iOS phones. You will get free monthly eStatement 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 minimum deposit of RM500.

Any fees and charges that I may not know?

There is a half-yearly service fee of RM10 chargeable to your account if your average balance is below RM1,000. Also, when making a payment using cheque, make sure that you have a enough balance because if it bounces due to insufficient funds, you will be fined RM150 and might get blacklisted by Bank Negara Malaysia.