- SME Banking
- Working Capital
- Business Essential Account
Business Essential Account
At Standard Chartered Bank (SCB), we understand that your business needs more from you than just managing financial transactions. That’s why we bring to you a premium current account - Business Essential Account. A single banking solution that allows you to lead your business to growth while we take care of all your business banking needs.
Going beyond the basic transactional features of cash and cheque deposit / withdrawal, funds transfer and remittances, you can avail of an array of Payments and Collections solutions with access to a corporate internet banking platform.
Special features
Straight2Bank
- Straight2Bank (S2B) is Standard Chartered Banks (SCB) global web based platform (via internet) to conduct Payments, Trade and FX transactions online. It provides a fully integrated working capital platform with single access for all transaction and reporting needs.
Cash Management Services
- Cut down on delays of days and weeks in realising outstation cheques. Free yourself from constant tracking and follow-up of transfer of funds from outstation collection accounts.
- SCB offers a comprehensive range of collection solutions to meet your requirements like collection & clearing of local/outstation cheques, post dated cheque management, e-alert facility for returned cheques, detailed report on all cheque collections and returns.
Online Tax Payment facility
- Pay your Excise, Service,VAT and Direct taxes online just by filling in a simple application form. Your account would be debited and funds remitted to the tax authorities. You will receive an acknowledgement immediately after the amount has been debited from your account.
E - alert facility for ITT/OTT and RTGS transactions
- Standard Chartered Bank offers you the convenience of e alert services for all your remittance transactions. You can now view inward/outward TT and RTGS advice delivered to your email automatically. Complete transaction details are captured in the advice relieving you of the hassle of tracking and monitoring transactions.
Additional features
- Free RTGS transactions through S2B
- Free Online Salary upload through S2B
- Free National Electronic Funds Transfer
- Free Inward RTGS
- Free Inward Telegraphic Transfers
- Free Drafts on our branch locations
- Free Payable at par cheques
- Free Anywhere banking facility
- Free life time SME World Debit Card
- Doorstep banking (cash, cheque and trade document pick-up/delivery)
FAQS
What is the BEA offering?
- BEA is a Current Account with enhanced transactional convenience and specialized offerings riding on Cash management and E-alert services thereby providing the convenience of anytime, anywhere banking
Which entities are eligible for BEA offering?
- Sole Proprietors / Proprietorship firms
- Partnership Firms
- Public Limited and Pvt. Ltd. Companies (including closely held limited companies)
What are the key features of BEA?
- Straight2Bank (Corporate Internet Banking Platform): A web based platform (via internet) to conduct payments, Trade and FX transactions online
- Cash Management Services (CMS): A receivable management solution aimed at providing speedy realization of outstation cheques with enhanced logistics support for management of cash and cheque collections
- E-alert Service: Automated Delivery of ITT/ OTT and RTGS advices on E-mail to the customer as and when a Remittance/ RTGS transaction takes place in the customers account
- Online Tax Payment Facility
How can you open a BEA account?
You need to submit the following at the time of account opening:
- Account opening form
- Most Important Document (MID)
- Identity and address proof
- Documents depending on the facilities sought for (eg. Trade, Internet Banking, Doorstep Banking etc)
- Specific documents would be told by the sales officer
What are the requirements of a BEA account?
- You can enjoy all the benefits of the Business Essential Account with just Rs. 1 lakh of average quarterly balance.
What are the variants under BEA?
BEA variants are based on the average quarterly balance (AQB) that the customer commits to maintain at the time of account opening:
- BEA-100 with an average quarterly balance of Rs. 100,000
- BEA-500 with an average quarterly balance of Rs. 500,000
- BEA-1000 with an average quarterly balance of Rs. 10,00,000
AQB non-maintenance charges will be applicable
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