# Standard Chartered Bank XtraSaver Account

**Original Url:** https://www.paisabazaar.ae/bank-accounts/standard-chartered-bank-xtrasaver-account/

The Standard Chartered Bank XtraSaver account is a high-interest savings solution. This account helps you grow your wealth effortlessly. With attractive interest rates of up to 2% per annum, this account rewards consistent savings while offering the flexibility of easy access to funds.

The SCB XtraSaver account provides digital convenience through online and mobile banking. There are no minimum balance requirements, and interest is calculated on the average monthly balance. This helps to maximise savings effortlessly.

## SCB Xtrasaver Account- Features and Benefits

Below, you will find essential features offered by the Xtrasaver account by SCB:

| Feature Type | Description |
| --- | --- |
| Available Currencies   | USD and AED |
| Competitive Interest Rates | Starting from 2% per annum |
| Amount Required to Open an Account | AED 3,000 |
| Available Banking Services | Phone Banking<br>Internet Banking<br>Mobile Banking |
| Complimentary Benefits | Get a contactless debit card |

## Standard Chartered Bank Xtrasaver Account- Eligibility Criteria

Know the eligibility for Standard Chartered Xtrasaver account before initiating the application process:

| Eligibility Type | Requirements |
| --- | --- |
| Minimum Age | 18 years  |
| Nationality | UAE Nationals, UAE Residents, and Non-residents |

  

## Standard Chartered Xtrasaver- Documents Checklist

The following list of documents is mandatory for opening the SC bank account in the UAE:

| For Residents | For Non-Residents |
| --- | --- |
| ✅Emirates ID<br>✅UAE Residence Visa<br>✅Passport | ✅Passport<br>✅Latest Bank Statements<br>✅Address Proof |

📝Note: All documents must be valid and original.

## Open Xtrasaver Standard Chartered Account via Paisabazaar.ae

Opening a bank account is now easier than ever with Paisabazaar UAE. Experience a seamless application process by following these easy steps:

*   Step 1: Click on the lead form.
*   Step 2: Enter the accurate details and submit it.
*   Step 3: View the details of the SC account on the quotes.
*   Step 4: Apply and follow the on-screen prompts.

## Standard Chartered Bank Xtrasaver Account- Fees & Charges

Refer to the key fees and charges of the Xtrasaver bank account below:

| Type of Fees | Charges |
| --- | --- |
| Minimum Initial Deposit | AED 3,000 or equivalent foreign currency |
| Monthly Service Charge | N/A |
| Fall-below Fee | N/A |
| Minimum Average Monthly Balance | AED 0 |

## SCB Xtrasaver Account- Terms and Conditions

We have mentioned the terms and conditions of the SC [bank account](https://www.paisabazaar.ae/bank-accounts/):

1.  The Standard Chartered XtraSaver account is available in AED and USD currencies, with a limit of one account per client per currency. Only "Fresh Funds"—money transferred from outside [Standard Chartered Bank](https://www.paisabazaar.ae/bank-accounts/standard-chartered-bank-accounts-bac/) UAE within 90 days of account opening—can be deposited.
2.  All transactions are processed based on the value date, as determined by the bank’s systems. Transactions made on public holidays will reflect on the next working day.
3.  If the account is closed before the end of any calendar month, no interest will be paid for that month. Interest is calculated on the average monthly balance and credited on the last business day of the month.
4.  Interest rates, as shown in rate tables, apply only to AED accounts and are subject to change based on product and client terms. Only three debit transactions are allowed per calendar month. If more than three debits occur, the interest for that month will be forfeited (0% interest). The rate cycle will resume in the following month based on the applicable rate grid.
5.  Debit transactions include all types of withdrawals from the account, such as ATM withdrawals, retail purchases, standing orders, financing recoveries, utility bill payments, and bank fees or charges. Even reversed debit transactions that are later refunded count toward the monthly debit limit.
6.  For clients holding other accounts under the same master number, a minimum balance requirement of AED 3,000 (or its foreign currency equivalent) applies. However, balances in the XtraSaver Account will count toward fulfilling this minimum requirement.

## Frequently Asked Questions

### What is the Standard Chartered XtraSaver Account?

It’s a high-interest savings account that rewards regular saving with attractive interest rates

### Who can open an XtraSaver Account?

UAE residents aged 18 and above with valid identification can open the account.

### What is the interest rate on the XtraSaver Account?

Interest rates can go up to 2% per annum, depending on your monthly average balance.

### Is there a minimum balance requirement?

No, the XtraSaver Account has no minimum balance requirement.

### How can I open an XtraSaver Account?

You can apply online via Paisabazaar.ae or Standard Chartered’s website.

### Is the account Shariah-compliant?

No, the XtraSaver Account is not based on Islamic banking principles.

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### Laxita Gautam

Senior Writer

Senior Content Writer | She functions on classic British fiction, Japanese manga, and strong americanos. Laxita is tailor-made to create engaging, interactive pieces that offer simplified insights into complex subjects.

[Read more ⌄](https://www.paisabazaar.ae/author/laxita-gautam/)