What’s the benefit of this savings account?
Shop worry-free while you’re abroad as you get zero-fee currency conversions when you spend with the JumpStart debit card-i. Need a quick cash withdrawal? No problem; you get free overseas ATM withdrawals too, which means you don't have to pay the RM12 fee levied by Standard Chartered Malaysia. But please note that this ATM withdrawal waiver doesn't cover any charges imposed by overseas banks or third parties.
In addition to that, you also get rewarded with 5% cashback on selected everyday spending. The cashback is capped at RM50 per month with a minimum Monthly Average Balance (MAB) of RM5,000 or RM200 per month with an MAB of RM50,000. Terms and conditions apply!
How much is the profit rate?
With Standard Chartered JumpStart Savings Account-i, you get 0.05% profit regardless of your account balance, unlike other savings accounts that typically adopt a tiered profit system.
Additionally, if you deposit a minimum of RM3,000 fresh funds monthly, you can enjoy free MEPS ATM withdrawals nationwide at the end of every calendar month!
What are the fees I should know about?
First and foremost, no minimum deposit is required to open the Standard Chartered JumpStart Savings Account-i. Additionally, some of the fees that you should take note of include the following:
- Early Closure Fee (within 3 months): RM20
- Paper Statement (if required): RM2
- Annual Debit Card Fee: RM8
You can check out other fees here.
What are the requirements for opening an account?
You must be 18 years of age to be eligible to open a Standard Chartered JumpStart Savings Account-i. You will only need your IC (for Malaysians) and a valid Passport and Visa with validity of not less than 6 months (for foreigners) to apply. There's no minimum deposit required to open an account.
Can I manage the account online?
Yes, you can. Your JumpStart Savings Account-i is available online via Standard Chartered Online Banking or the SC Mobile App for the freedom to move your money as you see fit. It will also make tracking your transactions easy, both physically and online.
You can also opt for an e-statement rather than a hard copy for better access whenever you need it on all your devices.
