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Thank you for your interest. We no longer offer Unlimited$aver.

Unlimited$aver

Earn up to 1.5% Bonus Cashback with Unlimited$aver

How it Works

Unlimited$aver is a savings account linked to your Simply Cash Credit Card, allowing you to enjoy up to 3% cashback when you deposit funds in your Unlimited$aver account.

Here’s how:

Balance in Unlimited$aver
Unlimited Cashback (A)
Bonus Cashback (B)
Total Cashback

(A) + (B)
Less than S$100,000 1.5% – 1.5%
S$100,000 or more 1.5% Up to^ 1.5% Up to^ 3%

^ Bonus Cashback is capped at S$100 per month. Depending on the total Eligible Spends on your Simply Cash Credit Card in the Month, the total cashback earned may be less than 3% of your total Eligible Spends for the Month due to the cap of S$100 on Bonus Cashback per Month.

 

^ Bonus Cashback is capped at S$100 per month. Depending on the total Eligible Spends on your Unlimited Cashback Credit Card in the Month, the total cashback earned may be less than 3% of your total Eligible Spends for the Month due to the cap of S$100 on Bonus Cashback per Month.

Key Charges

Service
Charges
Minimum initial deposit S$0
Fall-below fee S$5 per month if average daily balance for the month falls below S$3,000
Monthly service charge S$0
Early account closure fee (within 6 months) S$0

Eligibility & Documents

Eligibility

  • Nationality: Singapore citizen / Singapore permanent resident / foreigner
  • Age requirement: Minimum 21 years old
  • Must be a principal cardholder of a Standard Chartered Unlimited Cashback Credit Card

Documents Required

  • Mandatory supporting documents for Singapore citizens and permanent residents:
    • NRIC (front and back)
  • Mandatory supporting documents for foreigners:
    • Passport
    • Employment Pass
    • Any of the following documents:
      • Utility bill within the last 3 months
      • Bank statement within the last 3 months
      • Letter from the human resource department of current employer stating address
      • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
      • Telecommunications bill within the last 3 months
      • Tenancy agreement

FAQs

    • You would need to apply for an Unlimited$aver account and deposit the minimum Qualifying Balance as per what we have indicated in the table above.
    • To earn additional cashback, you must be the principal cardholder of an Simply Cash Credit Card (which must be linked to your Unlimited$aver account of which you are the primary account holder).
    • “Qualifying Balance” is defined as the average daily balance for the calendar month preceding the statement month of your Simply Cash credit card. For the month in which the Unlimited$aver account is opened, the Bank may consider the higher of the month end balance and average daily balance for that month as the Qualifying Balance.
    • Note that total cashback earned may not be 3%  if bonus cashback exceeds the S$100 monthly cap.
    • If your account is successfully opened, you will receive an account opening letter / e-advice informing you of the account number for your new Unlimited$aver account.
    • You can transfer funds into your new Unlimited$aver account to meet the minimum Qualifying Balance criteria for your Unlimited$aver account
    • If you have met the minimum Qualifying Balance and all the requirements as per our Unlimited$aver Product Terms , you would be eligible to earn bonus cashback on eligible spend on your Simply Cash Credit Card.

    As an example:

    • Arya opened an Unlimited$aver account on 15th May 2020
    • She deposited $100,000 in the account and continued to maintain min. $100,000 throughout June 2020.
    • In this case, her Qualifying Balance for May 2020 is $100,000
    • Arya’s eligible spend in her Simply Cash card statement for June 2020 will be eligible for bonus cashback.
    • Her June statement is dated 22nd June 2020. Therefore, her eligible spend for the period 23rd May to 22nd June 2020 will be eligible for bonus cashback.
    • This bonus cashback will be reflected in Arya’s July statement dated 22nd July 2020.
    • She may see one or more cashback credits, the sum of which will reflect the total cashback that she earns on her June statement eligible spend including the bonus cashback.

  • Click here for more FAQs.

Terms & conditions

  • Click here for the full Standard Chartered Simply Cash Credit Card Terms and Conditions that apply.
  • To be eligible for Credit Cards Sign-Up Promotion (“Promotion”) available from 1 January to 31 July 2021 (both dates inclusive) (the “Promotion Period”), you must (a) apply for one of the Eligible Cards (as defined below) issued by Standard Chartered Bank (Singapore) Limited (“Bank”); (b) be a new to Standard Chartered principal cardholder (i.e. do not have any existing/previously cancelled principal credit cards in the last 12 months with the Bank); and (c) activate the physical version of the Eligible Card within the first 30 days of card approval. If you satisfy all the eligibility criteria (a) to (c) above, you will be eligible to receive S$80 cashback (“New CC Cashback”), subject to the Current and Previous Cashback Cap as defined in the full terms and conditions for this Promotion. If you are an existing to Standard Chartered principal cardholder and you satisfy all the eligibility criteria, you will be eligible to receive up to S$20 cashback (“Existing CC Cashback”); subject to the Current Cashback Cap and Previous Cashback Cap. The New CC Cashback and Existing CC Cashback under this Promotion will be credited to your principal Eligible Card account within 30 working days of the date of activation of your Eligible Card.  Visit sc.com/sg/signup-tnc for details and the full Credit Cards Sign-Up Promotion Terms and Conditions that apply. “Eligible Card” refers to Unlimited Cashback Credit Card, Rewards+ Credit Card, Platinum Visa/Mastercard® Credit Card, Spree Credit Card, NUS Alumni Platinum Credit Card, Prudential Platinum Credit Card, Prudential Visa Signature Credit Card and Priority Banking Visa Infinite Credit Card.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.