Standard Chartered Bank
Standard Chartered Bank operates in Sri Lanka. It provides a range of financial products. These services cover personal, priority, business, and treasury sectors. The bank offers various account types and lending solutions.
Personal and Priority Banking
Salary Accounts allow automated payroll credit posting. They waive monthly inactivity fees. Savings Accounts require a LKR 50,000 minimum opening deposit. These provide monthly e-Statements and e-Alerts. Fixed Deposit Accounts offer tenors from 1 to 60 months. They support auto-renewal by instruction. Child Future Saver Accounts lock funds until age 18. These include a stepped-up bonus interest rate. Personal Loans provide unsecured lending up to LKR 5 million. Repayment tenors extend up to 60 months. Mortgage Loans offer up to 80% loan-to-value. Tenors are available up to 25 years.
Visa Platinum Debit Cards feature EMV Chip & PIN authentication. They also support contactless (NFC) payments. Journey Credit Cards give 3x reward points on overseas spend. Minimum income eligibility is LKR 600,000/year. Octet Credit Cards provide 0.5% cashback on all transactions. They offer up to 55-day interest-free periods. SC Mobile Sri Lanka uses biometric login. It provides real-time push notifications. Online Banking uses multi-factor authentication (SMS OTP + password). It facilitates multi-currency transfers.
Priority Banking offers preferential interest rates. It includes fee waivers on FX transactions. International Multi-Currency Accounts hold up to 8 major currencies. They support real-time FX via spot rates. Priority Credit Cards grant exclusive airport lounge access via LoungeKey. They have a personalized EMV Chip design. Diamond Debit Cards are metal-core EMV chip cards. They offer global ATM withdrawal fee waivers. Global View & Global Transfer provides single-sign-on to global accounts. It enables same-day local currency transfers between Standard Chartered entities.
Business and Institutional Banking
Business Current Accounts feature multi-currency ledgers (LKR, USD, GBP, EUR). They offer customized cheque-book issuance. SME Working Capital Solutions include overdraft or term-loan structures. These provide real-time utilization reporting via Straight2Bank. Corporate Trade Products use eUCP-compliant Letters of Credit (MT700). They also include Swift-enabled Guarantees & Collections. Supply Chain Financing offers an anchor-based supplier financing portal. It has a dynamic discounting engine. Invoice Financing supports receivables discounting up to 90% of invoice value. It uses an automated invoice submission API. Escrow Services provide an independent escrow agent interface. These automate release upon milestone triggers. Transaction Banking (Cash Products) includes RTGS real-time settlement 24x7. It also offers Bulk Direct Credit (ACH-type) with batch upload.
Treasury and Specialized Services
Foreign Exchange Spot & Forward offers live FX streaming via S2B. It provides forward contracts up to 12 months. Treasury Bills & Bonds support online bidding via Treasury Direct. They include secondary market quotations. Structured Products are principal-protected notes. These link to equity, FX, or commodities. Money Market Placements offer call deposits with next-day liquidity. These provide competitive overnight and term rates.
Standard Chartered utilizes Straight2Bank (S2B) for ERP integration. S2B provides real-time transaction monitoring and multi-entity account dashboards. Treasury Direct is a digital subscription portal for Sri Lanka Government securities. This was a first-to-market solution. Wealth Equator is a digital advisory platform. It features automated rebalancing algorithms and is exclusive to Standard Chartered.