Zero currency conversion fee!
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 online retail spend (local and international) whenever you deposit a minimum of RM3,000 in fresh funds every month into your account.
The cashback is capped at up to RM50 per month with terms and conditions applied. Note that e-wallet reloads, petrol and insurance/takaful transactions are excluded from the cashback reward.
By downloading the SC Mobile App, you can also enjoy other benefits such as the following:
- Manage your wealth with the Digital Investment Platform
- Take part in trading across seven (7) global markets with SmartStocks, an award-winning Global Equities Trading Platform
- Convert FX and invest in real-time seamlessly via LiveFX
- Grow your wealth with Online Unit Trust which includes a Regular Savings feature
- Have the convenience of more than 30 digital services and making payments or transfers with SC Remit, DuitNow Transfer and Request
- Able to authenticate all digital banking transactions via the SC Mobile Key
- Make your zakat contributions and set up recurring bills seamlessly with JomPAY
- Up to 40% off and RM1 exclusive deals with Standard Chartered's Live The Good Life program!
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!
Travel perks with JumpStart Savings Account-i
You can enjoy 2x complimentary access to selected airport lounges worldwide. Simply maintain your account balance with at least RM100,000 during the month you enter the participating airport lounge and the following month after the access to enjoy this perk.
However, note that you must pay upfront on the lounge access fee with your JumpStart debit card-i. The fee will be refunded to you 2 months after the lounge visit with up to RM150 eligible refund per visit.
Check out the terms and conditions here for more details about the complimentary access, the refund illustration and the list of airport lounges.
On top of that, enjoy exciting travel deals specially curated for you by Standard Chartered Malaysia. Some of the deals you get to enjoy include:
- Explore the 7 Wonders of the World with savings of up to RM12,000 per couple by Sedunia Travel
- Up to 10% off Malaysia Airlines economy class tickets to Tokyo (Narita), Perth, Seoul (Incheon), Hong Kong and Bangkok by Mayflower
- Up to 14% off hotel bookings worldwide by Agoda
- Up to 40% off and an exclusive 1+1 deal for Samsonite & Kenvelo Luggage
- Up to 10% cashback on hotel bookings worldwide by Booking.com
- Up to 7.5% off bookings on Trip.com;
- And so much more!
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 validity of not less than 6 months (for foreigners) to apply. There's no minimum deposit required to open an account.
Click here for a step-by-step guide, including the eligibility criteria and documents required to open an account online.
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 physical 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.
