Straight2Bank

Details

Payment solutions:

• Single account for making payments across the country
• Ability to conduct RTGS and NEFT* transactions online
• Online request for demand draft issuance at more than 900 locations in India
• Demand draft printing at more than 115 locations in India
• Flexibility to deliver demand drafts either to the customer or the beneficiary
• Single file upload for multiple / high-volume payments and payroll transactions
• Email advice to customers / beneficiaries covering all details
• Display of balances for all operating and deposit accounts
• Complete snapshot of all transactions performed through S2B
• RTGS: Real Time Gross Settlement, NEFT: National Electronic Funds Transfer

Trade solutions:

S2B also provides you with a host of local and cross-border trade solutions, including:

• Online issuance of letters of credit; can also amend
• Online advising of export letter of credit
• View latest status of all trade transactions online
• Receive trade reports and advice for letters of credit and documentary collection by email
• Intraday alerts for all trade events via email
• Delivery of trade documents such as SWIFT messages together with email alerts
• Make enquiries about deal-related documents online

FX solutions

We also offer a comprehensive range of foreign exchange solutions to help you expand overseas:

• Access to a secure online proprietary foreign exchange trading platform
• Freedom to book your foreign exchange deals from your office desk
• Ability to book cash, tom, spot and forward rates

Key benefits of S2B:

• User-friendly and designed specifically to meet the needs of SME businesses, Straight2Bank lets you perform many key business functions with ease
• Information can be accessed anytime and anywhere (24X7 availability), making it a viable alternative to branch and manual transactions
• The platform gives you global access and usage to enable cross-border trading with just one click
• Real-time reporting and file download of account information with access to balance and transaction level information
• Complete access to current and deposit accounts with the facility to view transactions in Excel/PDF formats
• Access to 90 days of historical data
• Access to multiple users with maker checker option for transaction initiation
• A 5-level flexible, multi-layered approval matrix based on payment amount, payee name and payment type
• Batch uploads for bulk and multiple payments in a spreadsheet format
• 3 levels of login access with complete data confidentiality and integrity of information through use of features such as encryption and digital signatures

All facilities at the sole discretion of the bank. Terms & Conditions apply.
Going online opens up a world of other business possibilities, so apply for Straight2Bank today.
If you are yet to open a business account with Standard Chartered Bank, please call our contact centre at the number below. If you already have an existing business account, please contact your Relationship Manager to learn more.