SWIFT Codes in Singapore: Your Essential Guide for Seamless International Transfers (2024)
Understanding SWIFT Codes: Your Passport to Global Payments
In today's interconnected world, sending money abroad is a common occurrence, whether for business or personal reasons. To ensure your funds reach the right destination quickly and securely, understanding SWIFT codes is crucial. These unique codes act like a global address for banks, facilitating seamless international money transfers.
At TallRock Capital, we know that navigating the complexities of international finance can be daunting. That's why we've created this comprehensive guide to SWIFT codes in Singapore, covering everything you need to know.
What are SWIFT Codes?
SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunication, provides a network that enables financial institutions worldwide to send and receive information about financial transactions securely. Each bank or financial institution is assigned a unique SWIFT code, also known as a Bank Identifier Code (BIC), which is used to identify the specific bank and branch involved in a transaction.
How Do SWIFT Codes Work?
Think of a SWIFT code as a bank's unique address. It consists of 8 or 11 characters, each serving a specific purpose:
● Characters 1-4: Bank code
● Characters 5-6: Country code
● Characters 7-8: Location code
● Characters 9-11 (optional): Branch code
When you initiate an international money transfer, providing the correct SWIFT code ensures that your funds are routed to the right bank and branch, avoiding delays and errors.
Top Banks and their SWIFT Codes in Singapore (2024)
| Bank Name | Branch Name |
SWIFT Code | Branch Address |
|---|---|---|---|
| DBS Bank | Main Branch | DBSSSGSG | 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982 |
| Oversea-Chinese Banking Corporation (OCBC) | Main Branch | OCBCSGSS | 65 Chulia Street, OCBC Centre, Singapore 049513 |
| United Overseas Bank (UOB) | Main Branch | UOBVSGSG | 80 Raffles Place, UOB Plaza 1, Singapore 048624 |
| Citibank Singapore | Main Branch | CITSGSG | 268 Orchard Road, #13-01, Singapore 238856 |
| Standard Chartered Bank (Singapore) | Main Branch | SCBLSG22 | 6 Battery Road, Singapore 049909 |
| Malayan Banking Berhad (Maybank) | Main Branch | MBBESGS2 | 2 Battery Road, Maybank Tower, Singapore 049907 |
| Industrial and Commercial Bank of China (ICBC) | Singapore Branch | ICBKSGSG | 16 Collyer Quay, #01-00, Singapore 049318 |
| Bank of China (BOC) | Singapore Branch | BKCHSGSG | Bank of China Building, 4 Battery Road, Singapore 049908 |
| HSBC Singapore | Main Branch | HSBCSGSG | 21 Collyer Quay, HSBC Building, Singapore 049320 |
| State Bank of India (SBI) | Singapore Branch | SBINSGSG | 101 Thomson Road, #01-01/02, United Square, Singapore 307591 |
| Deutsche Bank AG | Singapore Branch | DEUTSGSS | 9 Raffles Place, Republic Plaza, Singapore 048619 |
| Sumitomo Mitsui Banking Corporation (SMBC) | Singapore Branch | SMBSSGSG | 9 Raffles Place, Republic Plaza, Singapore 048619 |
| Mizuho Bank | Singapore Branch | MHCBUS33 | 9 Raffles Place, Republic Plaza, Singapore 048619 |
| The Bank of Tokyo-Mitsubishi UFJ | Singapore Branch | BOTKSGSX | 9 Raffles Place, Republic Plaza, Singapore 048619 |
| BNP Paribas | Singapore Branch | BNPASGSG | 78 Shenton Way, Singapore 079120 |
| Credit Suisse AG | Singapore Branch | CRESGSG | One Raffles Link, Singapore 039393 |
| JPMorgan Chase Bank | Singapore Branch | CHASSGSG | 270 Park Avenue, New York, NY 10017, United States |
| Australia and New Zealand Banking Group (ANZ) | Singapore Branch | ANZBSGSG | 10 Marina Boulevard, Marina Bay Financial Centre Tower 2, Singapore 018983 |
| CIMB Bank | Singapore Branch | CIBBSGSG | 50 Raffles Place, Singapore Land Tower, Singapore 048623 |
| RHB Bank | Singapore Branch | RHBBUS33 | 80 Raffles Place, UOB Plaza 1, Singapore 048624 |
| Public Bank Berhad | Singapore Branch | PBBESGSG | 6 Raffles Quay, #01-01, Singapore 048580 |
| Indian Overseas Bank (IOB) | Singapore Branch | IOBISGSG | 16 Collyer Quay, #01-00, Singapore 049318 |
| Indian Bank | Singapore Branch | IDIBINBBXXX | 10 Anson Road, #21-05/06 International Plaza, Singapore 079903 |
| Bank of India | Singapore Branch | BKIDUS33 | 101 Cecil Street, Tong Eng Building, Singapore 069533 |
| Bank of Baroda | Singapore Branch | BARBSGSG | 1 Wallich Street, #14-01 Guoco Tower, Singapore 078881 |
| Axis Bank | Singapore Branch | AXISINBB | 1 Raffles Place, #43-01 One Raffles Place, Singapore 048616 |
| HDFC Bank | Singapore Branch | HDFCINBBXXX | 10 Collyer Quay, #08-02 Ocean Financial Centre, Singapore 049315 |
| ICICI Bank | Singapore Branch | ICICUS33 | 16 Collyer Quay, #01-00, Singapore 049318 |
| China Construction Bank (CCB) | Singapore Branch | PCBCCNBJSGS | 6 Battery Road, #29-00, Singapore 049909 |
| Agricultural Bank of China (ABC) | Singapore Branch | ABOCUS33 | 6 Raffles Quay, #01-01, Singapore 048580 |
| Bank of Communications (BoCom) | Singapore Branch | COMMUS33 | 80 Raffles Place, UOB Plaza 1, Singapore 048624 |
| Shanghai Pudong Development Bank (SPDB) | Singapore Branch | SPDBSGSG | 9 Raffles Place, Republic Plaza, Singapore 048619 |
| Oversea-Chinese Banking Corporation (Malaysia) Berhad (OCBC Malaysia) | Singapore Branch | OCBCMYKL | 65 Chulia Street, OCBC Centre, Singapore 049513 |
| CIMB Bank Berhad | Singapore Branch | CIBBMYKL | 50 Raffles Place, Singapore Land Tower, Singapore 048623 |
| Public Bank Berhad (Malaysia) | Singapore Branch | PBBEMYKL | 6 Raffles Quay, #01-01, Singapore 048580 |
| Hong Leong Bank Berhad | Singapore Branch | HLBBMYKL | 16 Raffles Quay, #01-06, Hong Leong Building, Singapore 048581 |
| Malayan Banking Berhad (Maybank Malaysia) | Singapore Branch | MBBEMYKL | 2 Battery Road, Maybank Tower, Singapore 049907 |
| AmBank (M) Berhad | Singapore Branch | ARBKMYKL | 9 Temasek Boulevard, #31-01/02/03 Suntec Tower Two, Singapore 038989 |
| Affin Bank Berhad | Singapore Branch | PHBMMYKL | 30 Cecil Street, #19-08 Prudential Tower, Singapore 049712 |
| Alliance Bank Malaysia Berhad | Singapore Branch | MFBBMYKL | 8 Marina View, #24-01 Asia Square Tower 1, Singapore 018960 |
Tips for Smooth International Transfers
Double-Check: Always double-check the recipient's bank details, including the SWIFT code, before initiating a transfer.
Fees: Be aware of the fees associated with international transfers, both from your bank and the recipient's bank.
Exchange Rates: Compare exchange rates offered by different providers to get the best deal.
Timing: International transfers can take a few days to process, so plan accordingly.
Security: Only use reputable banks and money transfer services to ensure your funds are secure.
How TallRock Capital Can Help
At TallRock Capital, we offer expert guidance on international money transfers and can assist with a range of financial services, including wealth management, investment advice, and retirement planning. Our team is well-versed in the complexities of cross-border transactions and can help you navigate the process smoothly and efficiently.
Let us help you make the most of your global financial opportunities. Contact TallRock Capital today for a personalized consultation.