Standard Chartered Priority Banking Review (2025): How to Qualify
Updated: 22 Jul 2025
Written bySingSaver Team
Team
Standard Chartered Priority Banking confers benefits on everything from expert wealth solutions to lifestyle privileges like complimentary airport lounge access. Could this be the Priority Banking relationship you've been waiting for?
If you need a little extra help meeting certain financial goals, Standard Chartered Priority Banking's strong client-focused approach may appeal to you. You may be wondering how you can take advantage of Standard Chartered Bank's tailored financial advice, global financial network, exclusive preferential rates and lifestyle benefits.
If so, read on to find out how Standard Chartered Priority Banking stacks up to its competitors and whether you should sign up.
>> DISCOVER: Singapore's best Priority Banking accounts
Standard Chartered Priority Banking vs. other Priority Banking accounts
Standard Chartered Priority Banking vs. other Priority Banking accounts
| Products | Min. Assets Under Management | Base Annual Interest Rate | Max. Annual Interest Rate | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
From S$200000 | 0.05 % | 7.68 % | ||||||||
From S$350000 | 0.05 % | 0.05 % | ||||||||
From S$350000 | 0.05 % | 0.05 % | ||||||||
From S$300000 | 0.01 % | 7.51 % | ||||||||
Why should you choose Standard Chartered Priority Banking?
#1: Personalised wealth management advice
The whole point of signing up for Priority Banking is to make your money work harder for you. In this regard, Standard Chartered Bank does not disappoint.
You'll gain access to expert advice from an INSEAD-trained Relationship Manager and a team of wealth management specialists. Savvy investors will stand a higher chance of banking on the right opportunities with expert insights from Standard Chartered Bank's Chief Investment Officer. Want to dive deep into wealth solutions? Explore Unit Trusts, LiveFX, Equity Trading, Bonds and Structured Products—with financing options included. Of course, the bulk of exclusive investment opportunities are reserved for Accredited Investors. This will require meeting any one of the following qualifying criteria, such as having an annual income of at least S$300,000, net financial assets exceeding S$1,000,000 or net personal assets exceeding S$2,000,000.
#2: Relatively low barrier to entry
Compared to other Priority Banking accounts, it’s relatively easy to qualify for a Standard Chartered Priority Banking account.
You are eligible for a Priority Banking account if you are able to deposit and maintain at least S$200,000 in your bank account. A far cry from the S$350,000 needed for DBS Treasures and UOB Privilege Banking! Alternatively, you can also qualify by maintaining a minimum of S$1.5 million in housing loans with Standard Chartered Bank.
Being able to qualify by cash or housing loan gives clients a greater degree of flexibility. Prefer to keep your cash assets liquid? Make use of your mortgage to become a Standard Chartered Priority Banking member instead.
Regular Banking or Priority Banking?
From Citigold to OCBC Premier, there are plenty of options for those looking to join the exclusive Priority Banking Club. But is Priority Banking right for you?
#3: Priority Banking 360° rewards programme
Being a Priority Banking client means that you'll automatically qualify for Standard Chartered Bank’s 360° rewards programme.
You'll be able to earn rewards points not just on card spending but also your portfolio of product holdings, mortgage, select investments, deposits and even online transactions.
You’ll start earning reward points at a dramatically increased rate, which means you’ll be able to redeem rewards such as E-Vouchers and Transfer Partner Miles in no time!
How to qualify for Standard Chartered Priority Banking?
Qualifying for Standard Chartered Bank's Priority Banking membership is a straightforward affair. You either need to maintain Assets Under Management (AUM) of at least S$200,000 or have a minimum of S$1.5 million in housing loans with the bank.
Let’s go over how the qualifying criteria for Priority Banking differ from those of Private Banking.
Comparison of Priority Banking vs. Private Banking
|
Priority Banking |
Private Banking |
|
|
Qualifying AUM |
S$200,000 in deposits and/or investments or S$1.5 million in housing loans |
S$1,500,000 |
|
Benefits |
|
|
|
Welcome gift |
Up to S$40,025 in welcome gifts |
|
>> FIND OUT: Key differences between Priority Banking vs. Private Banking
How do you apply for a Standard Chartered Priority Banking account?
Applying for Standard Chartered Priority Banking is easy. You can do everything online without having to visit the bank in person.
To apply for Priority Banking:
-
Visit the Standard Chartered Priority Banking page here.
-
Fill up all the relevant information, beginning from your full name as per your NRIC.
-
Check the box to confirm that you are either a Singapore citizen, Singapore Permanent Resident or Singapore Employment Pass holder.
-
Submit your application and wait for Standard Chartered Bank to contact you.
To apply for Priority Private Banking:
-
Visit the Standard Chartered Priority Private Banking page.
-
Click on the ‘Start a Priority Private Relationship’ button. You will be brought to the online application portal.
-
Follow the instructions and fill in the necessary information when prompted.
-
Submit your application and wait for Standard Chartered to contact you.
9 hidden exclusive Priority Banking benefits
From overseas tertiary education support to waived bank fees, Priority Banking comes with big pluses.
FAQ about Standard Chartered Priority Banking
When you become a Standard Chartered Priority Banking member, you'll get preferential rates of up to 6.05% p.a. interest on your Bonus$aver account and 4.20% p.a. on your Fresh Funds Time Deposits account. In addition to Wealth Management, International Banking, Priority Exclusives and Lifestyle Privileges, you will also get access to the Priority Banking Visa Infinite Card. This Priority Exclusive comes with a 24-hour Priority Banking Hotline that you can call for help anytime, anywhere. Finally, new members will also enjoy up to S$40,025 in welcome gifts.
Though Priority Banking offers no shortage of benefits, sometimes all you need are the basics. Aside from having to meet the high AUM requirement, a Priority Banking member may also face pressure to invest or buy insurance in exchange for rewards. Additionally, returns on your account balance or investments may not meet your expectations. On the other hand, if Priority Banking sounds like your cup of tea, you may want to consider signing up and think about qualifying for Private Banking further down the road. This will allow you access to even more benefits, like tailored investment mandates and Discretionary Portfolio Management. Do note that Private Banking accounts require a significantly higher AUM of at least S$1 million.
While Standard Chartered Priority Banking requires an AUM of $200,000, you’ll need investible assets of at least S$350,000 to become a DBS Treasures client. Do note that there are two additional tiers above DBS Treasures, which are DBS Treasures Private Client and DBS Private Banking. While the former requires members to have investible assets of S$1.5 million, the latter will only accept clients with investible assets of S$5 million and above.
Latest reads on Priority Banking
Get fresh analysis on current Priority Banking news and be informed on everything to do with Singapore finance.
About the author
SingSaver Team
At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.