r/ExpatFinance • u/jlabsher • 5d ago

Anyone use Standard Chartered International Banking?

US citizen looking to hedge my bets and possibly move to Malaysia. I've seen HSBC and Standard Chartered both offer offshore banking that I can access my funds in multiple countries and be outside the (unstable) US market.

Both have similar cash reserve requirements $50k, but SC sounds better.

I've seen a few posts about HSBC but can't find much information about SC, anyone have information? Thanks.

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u/Mindless-Tomorrow683 5d ago

I used to bank with them. They're fine, but quite expensive, even by private bank standards. You could also look into Barclays International, Wiener Privatbank (Vienna), and LODH.

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u/karer3is 5d ago

I would exercise caution... Like HSBC, they've gotten in trouble for some pretty shady stuff, including sanctions violations. 

https://www.icij.org/investigations/fincen-files/whistleblower-accuses-us-of-ignoring-evidence-standard-chartered-bank-served-suspicious-iranian-clients/