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Account Opening Guide: How to Open a Standard Chartered Bank Account? Achieve Global Asset Allocation!

As one of the first international banks to incorporate the Belt and Road Initiative into its group strategy, Standard Chartered Bank has been committed to providing financial services to markets along the Belt and Road and helping Chinese companies "go global".

Today, NewEnterprise will share a detailed guide on how to open a Standard Chartered Bank account.

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① Standard Chartered Bank

Standard Chartered Bank is a leading international bank with operations in 60 of the world’s most dynamic markets, serving customers in 145 markets. Standard Chartered actively responds to China’s development strategy, with its network covering nearly 75% of markets along the Belt and Road Initiative.

Standard Chartered maintains long-term partnerships with several major financial institutions, including the Silk Road Fund, the Asian Infrastructure Investment Bank, and the New Development Bank of the BRICS countries. It also provides one-stop international banking and financial solutions for clients in various industries such as infrastructure, energy, and manufacturing.

Image/Source: Standard Chartered Bank official website

② Advantages of Standard Chartered Bank

  1. Offshore Accounts: Fast Account Opening Without Leaving the Country. Standard Chartered Bank's Priority Banking Accounts support offshore account opening, allowing you to complete the process from within China without leaving the country. Generally, Standard Chartered Hong Kong account opening takes 1 to 3 weeks.

  2. Cross-border transfers: No fees and fast arrival. When making wire transfers through Standard Chartered China to other overseas banks, Priority Banking clients can enjoy exemption from wire transfer fees and intermediary bank fees, greatly reducing the cost of fund transfer.

  3. Global Identity: After opening a Standard Chartered account, customers can enjoy "Global VIP Service," receiving the same high-end services in multiple countries and regions, easily achieving global identity recognition.

Image/Source: Standard Chartered Bank official website

4. Enjoy exclusive concierge services. Standard Chartered Bank provides customers with global concierge services, including free golfing at select golf courses in China, family equestrian experiences, application guidance for prestigious universities, overseas rental services, and a range of other high-end lifestyle services.

5.  Professional Investment Team: Standard Chartered Bank provides a professional wealth management team to help clients with personalized investment planning and to offer professional investment advice and customized asset allocation recommendations.

6.  Enjoy the Star-Picking Journey: Standard Chartered Priority Banking and Priority Private Banking clients can enjoy "Star-Lucky Gifts," redeeming various high-end gifts such as JD.com gift cards and Dyson hair dryers using the issued "stars" (see Standard Chartered Bank for details).

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③ Application Process


Opening a Standard Chartered Bank account offers different foreign exchange services depending on your status:

For entrepreneurs: immigration asset planning, equity foreign exchange purchase, real estate foreign exchange purchase, equity transfer/domestic asset monetization, overseas study foreign exchange purchase, overseas medical treatment, etc.

Local executives: Immigration and asset planning, overseas medical treatment, foreign exchange settlement for travel expenses, foreign exchange purchase for studying abroad, etc.

To open a Standard Chartered account, you will need your ID card, Hong Kong and Macau travel permit, or passport. The specific account opening process is as follows:

1. Open a Standard Chartered China account;
2. Must have a deposit of 500,000 RMB or equivalent foreign currency;
3. After opening an account, fill out a form for cross-border referrals, which are completed entirely within China;
4. Wait for account approval and opening;

5. Waiting for the card and password to be mailed.

Standard Chartered Bank's offshore accounts primarily cover countries and regions along the Belt and Road Initiative, including Hong Kong, Singapore, Malaysia, Indonesia, Brunei, Vietnam, India, the UAE, South Korea, Bahrain, Nigeria, Bangladesh, Pakistan, Nepal, and Sri Lanka.

Through a Standard Chartered account, customers can more efficiently allocate their assets globally and enjoy high-quality financial services.