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Foreign Exchange

Standard Chartered prepares everything you need for investing in Foreign Exchange!

Standard Chartered Foreign Exchange Platform provides you convenient features and extensive services that enable you to capture FX market opportunities to meet your traveling, investing, and children’s education needs.

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8.88% Special Rate Time Deposit Offer

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Standard Chartered Bank 8.88% Special Rate Time Deposit Offer
Enjoy an one-week 8.88% special rate time deposit when you make foreign exchange transactions to designated currencies.
During the promotion period, clients are eligible for the special rate time deposit offer upon meeting the requirement of making FX transactions from non-TWD currencies to designated foreign currencies via our relationship managers or professional specialists. Live FX Rates
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FX Rates Discounts and Multiple Rewards

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Welcome Rewards
During the promotion period, new FX users who have never logged in to the SCB Online Banking / Mobile Banking FX trading platform are eligible to enjoy the following exchange rate discounts on three popular currency pairs for once within 30 days after their first login day (based on the earlier login date):
  • Enjoy JPY/TWD FX conversion discount 0.0014.
  • Enjoy USD/TWD FX conversion discount 0.04.
  • Enjoy EUR/TWD FX conversion discount 0.13.
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Birthday Rewards
During the promotion period, clients can enjoy the following exchange rate discounts on three popular currency pairs for once within 30 days via the SCB Online Banking / Mobile Banking Foreign Exchange Platform during the birthday month.
  • Enjoy JPY/TWD FX conversion discount 0.0014
  • Enjoy USD/TWD FX conversion discount 0.04
  • Enjoy EUR/TWD FX conversion discount 0.13
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Membership Programme
Upgrade to the respective membership tiers to enjoy exclusive exchange rates
  • SCB offers four FX membership tiers. Rewards are offered to the members of the tier upon becoming eligible for the tier.
  • Tier membership qualification is based on the client’s accumulated FX transaction amount in a fixed six-month period. Upon reaching the required FX transaction amount for the next level, the client will be automatically upgraded.
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24-hour Services and Weekends Transactions

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24-hour Services and Weekends Transactions
SCB Online Banking / Mobile Banking Foreign Exchange Platform provides real-time online foreign exchange services 24 hours a day, 7 days a week (except for Saturdays from 5:00-8:00 am), offering 13 foreign currencies, including popular currencies such as USD, EUR, GBP, JPY, CAD, and SGD.
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Limit Order and Standing Instruction

Limit order
Limit Order
You can set a target rate for a transaction based on your needs. When the market rate reaches your pre-set target rate, your order will automatically be executed. You may easily capture the market opportunities and complete the transaction effortlessly without the need to continuous monitoring the market (Please note that limit order is not offered for TWD and CNY).
Setting Channels
  • Online Banking / Mobile Banking 24-hour online Foreign Exchange Platform
  • SCB branches (Please contact us during branch business hours.)
  • Phone banking services contact number:(02) 4058-0088
Limit Order Valid Date Settings
  • Good till day:The order is only valid till that day
  • Good till week:The order is only valid till this Friday
  • Good till expiry:Customized order validity period with the maximum of one month
Scenario Example:  Mr. Chen bought 200,000 Japanese Yen when USD/JPY was at 138 and hoped to sell the Yen when exchange rate appreciated to 130. Because of his busy work schedule, Mr. Chen has no time to monitor the exchange rate continuously; thus, he started using Standard Chartered Bank’s FX limit order service. Mr. Chen set a target execution exchange rate of 130 to sell Japanese yen and buy US dollars. When the market exchange rate reaches the target exchange rate, the FX transaction is executed automatically and Mr. Chen’s Japanese Yen is converted to US Dollars.
Steps
  • Step 1:Log in to the online Foreign Exchange Platform and click “Start Trading!”
  • Step 2:Select the currency pairs you would like to trade.
  • Step 3:Enter the transaction amount and select   Limit Order”.
  • Step 4:Set target rate & valid date.
  • Step 5:After checking the transaction details, click “Next” and “Confirm” to complete the transaction.
  • Step 6:Click “Orders” and view the transaction details under “Active”.
Cancellation steps
  • Step 1:Click on the red “X” in the transaction details.
  • Step 2:Click “Yes”.
  • Step 3:Click “Orders” and view the cancelled order in “History”.
Standing instruction
Standing Instruction
Standing Instruction service helps diversify the risk of exchange rate fluctuations for your investments, traveling plans, and financial management.
Setting Channels
  • Online Banking / Mobile Banking 24-hour online Foreign Exchange Platform
  • SCB branches (please contact us during branch business hours)
  • Phone banking service contact number:(02) 4058-0088
Execution Date Setting
  • Future Date (a specified date)
  • Weekly Designated Day
  • Monthly Designated Date
Scenario Example :  Mr. Chang’s son is studying in the UK and he needs to convert to GBP every month to pay for his son’s tuition fees and living expenses. Because of his busy schedule, Mr. Chang often forgets to do the exchange transactions and hopes to find a solution. Therefore, Mr. Chang started using SCB “Standing Instruction” service to set a specified date each month to convert into GBP needed for his son. From then on, Mr. Chang no longer needs to worry about forgetting to do the exchange.
Steps
  • Step 1:Log in to the online Foreign Exchange Platform and click “Start Trading!”
  • Step 2:Select the currency pairs you would like to trade.
  • Step 3:Enter the transaction amount & select “Standing Instruction”.
  • Step 4:Select the execution date.
  • Step 5:Fill in the declaration form.
  • Step 6:After checking the order information, click “Next” and “Confirm” to complete the transaction.
  • Step 7:Click “Orders” and view the transaction details under “Active”.
Cancellation Steps
  • Step 1:Click on the red “X ” in the transaction details.
  • Step 2:Click “Yes”
  • Step 3:Click “Orders” and view the cancelled order in “History”.
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Personalised Watchlists and Price Alerts

Watchlist
Personalised Watchlists
You can create personalised watchlist for the currency pairs you want to monitor via our online Foreign Exchange Platform to easily keep track of the exchange rate.
Steps
  • Step 1:Log in to the online Foreign Exchange Platform and click “Watchlist” at the bottom.
  • Step 2:Click on “Watchlist” and select a list
  • Step 3:Click “Edit Watchlist”
  • Step 4:Click “Add Currency Pair” & click the foreign currency pairs.
  • Step 5:Check the foreign currency pairs and click “Confirm”
  • Step 6:Click “Done” and complete the changes
Price alert
Price Alerts
You can set price alerts via our online Foreign Exchange Platform and receive instant notifications when the market rate reaches your target.
Steps
  • Step 1:Log in to the online Foreign Exchange Platform and click “Alerts” at the bottom.
  • Step 2:Click “Add New Alert”
  • Step 3:Select the currency pairs
  • Step 4:Set the target exchange rate & valid date
  • Step 5:Click “Confirm” and view the valid alerts in “Active” under “Alerts”
Cancellation Steps
  • Step 1:Click on the recycle bin symbol in the transaction details
  • Step 2:Click “Yes”
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Professional Specialist and Market Insights

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Professional Specialist Services
SCB’s dedicated FX team which specializes in foreign exchange market provides you with exclusive FX investment commentaries, latest market news, and trading strategies. SCB’s FX specialist team provides you a quick access to capture market opportunities and gain market insights.
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Market Insights
SCB’s global research team provides forward-looking and comprehensive analysis of the global financial markets, including equity, foreign exchange, and fixed income. Leveraging the Bank’s local expertise and international network, our research reports provide a comprehensive mix of global trends and local perspectives.

  1. Online foreign currency transactions require foreign currency account opening and application for foreign currency transactions via Online Banking / Mobile Banking at branch counter prior to online transactions.
  2. The exchange rates of currencies fluctuate; currency exchanges and foreign currency deposits may result in gains or losses. Customers are responsible for all regulation restrictions, gains and losses, and risks (including but not limited to exchange rate fluctuations, political, and country risks) regarding foreign currency exchange between TWD and non-TWD currencies and between non-TWD and Non-TWD. Losses may occur when converting foreign currencies, with the maximum loss being the entire principal plus interest amount. Clients are advised to make a prudent assessment of the risk of loss when converting the foreign currency invested into TWD or other foreign currencies.
  3. When customers conduct currency conversion transactions between TWD and foreign currencies, the amount of foreign exchange settlement at the counter and through all electronic channels will be accumulated each day and the accumulated amount may not exceed TWD500,000 (included). If you wish to make FX transaction with an aggregate amount or single transaction amount of TWD$500,000 (included) more than TWD500,000 (included), please visit our branch in person and make the foreign exchange declaration in accordance with the Central Bank’s “Regulations for Reporting Foreign Exchange Receipts, Payments, and Transactions”.
  4. In accordance with the ” Regulations Governing the Declaration of Foreign Exchange Receipts and Disbursements or Transactions ” of the Central Bank:
    1)The declarant shall not avoid making a declaration in a piecemeal manner, intentionally fail to make a declaration, or make an inaccurate declaration via electronic banking or other electronic channels when making a TWD foreign exchange. To prevent illegal or improper transactions, the Bank reserve the right to control or restrict abnormal transactions.2)Untruthful declarations are subject to a fine between TWD30,000 and TWD600,000, pursuant to Paragraph 1, Article 20 of Foreign Exchange Control Act.
  5. All CNY foreign exchange transaction amount are accumulated across all channels for any natural person, including in branch over the counter and via automated channel. The daily limit of CNY exchange transactions for a natural person is CNY20,000.
  6. The minimum transaction amount for each currency for foreign exchange transactions through the Bank’s on Online Banking / Mobile Banking can be found in the attached table:TW_FX_amountlimit_20190125_20190125.pdf (sc.com)
  7. For any other matters, please refer to the relevant regulations and the Bank’s Account Opening Agreement.
  8. For standing instruction or limit order services, the Bank will not be able to provide the service in the case of computer system failure, system maintenance period or force majeure incident that causes the Bank unable to provide the service. Customers who require immediate exchange of remittance can still approach other service channels of the Bank (e.g., branch counters or phone banking) for the service.
  9. For standing instruction or limit order services, if the Bank is unable to execute the trade due to computer system failure or force majeure (riot, insurrection, accidental explosion, flood, storm, natural or man-made disasters, and similar events), the customer agrees that the Bank may postpone the execution of the trade to a later date after the cause of the obstruction has been removed or the Bank has resumed its business operations.
  10. For limit order service, clients should note that the Bank reserves the right to accept or reject the client’s application for the service. The difference between the target exchange rate set by the clients and the market rate shall be within a certain range set by the Bank and that the Bank does not guarantee that the transaction will be executed. Clients should also note that they may not be able to apply for the service or trade successfully due to changes in market-related rules, severe fluctuations in market exchange rates, force majeure system problems or other force majeure events.

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