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Is it ideal for foreign students with student pass to apply for digital bank since it is more convenient and has no min balance required? i saw banks like trust and recently maribank opened to foreigners. helping to get recommendations for my foreign friend studying in sg!
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You can consider Standard Chartered Jumpstart if you need services like GIRO, other common features that do not exist in digital banks. The Jumpstart account will give you 2% interest for savings and 1% cashback for debit card transactions without minimum spending which is ideal for students.
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Tony
14 Mar 2024
Computer Engineering at Nanyang Technological university
Some schools requires GIRO. the digital banks may not have the service yet....
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You can apply for any bank since you have student pass. during my time, you just need to deposit $1000 when open new bank account.