Standard Chartered said it would scrap the charges from August 1. Photo: Warton Li

Standard Chartered becomes third big lender in Hong Kong to scrap minimum-balance fee as virtual banks get ready to challenge their dominance

  • All three note-issuing banks – HSBC, Standard Chartered and BOCHK – have now said they will abolish the fee, widely seen as a penalty on small depositors
  • Analysts say the move is to minimise the threat from virtual banks due to launch later in the year
Topic |   Banking & Finance

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Standard Chartered said it would scrap the charges from August 1. Photo: Warton Li
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