In international money transfers, the accuracy of SWIFT/BIC codes is paramount. These codes not only ensure the secure transmission of funds but also serve as a critical communication tool between financial institutions worldwide. This article provides an in-depth analysis of Maybank Singapore Limited's SWIFT/BIC code to help senders avoid potential issues or delays.
Structure of SWIFT/BIC Codes
SWIFT/BIC codes typically consist of 8 to 11 characters, containing information about the bank, country, location, and specific branch. This sophisticated coding system enables efficient and precise global fund transfers.
- Bank Code (MBBE) : The first four characters "MBBE" uniquely identify Maybank Singapore Limited.
- Country Code (SG) : The following two letters "SG" indicate the bank's location in Singapore.
- Location Code (S2) : The next two characters "S2" specify the bank's exact region or city.
- Branch Code (RWM) : The final three characters "RWM" identify a specific branch. If a SWIFT code ends with "XXX," it refers to the bank's head office.
Therefore, Maybank Singapore Limited's complete SWIFT/BIC code is: MBBESGS2RWM .
Branch Information
Branch Name : Maybank Singapore Limited
Branch Address : 2 Battery Road, Singapore
This information is particularly important for customers making international transfers. Senders must ensure the accuracy of the SWIFT/BIC code used to prevent transaction delays, failed transfers, or other complications. When initiating cross-border payments, carefully verify all details to guarantee the correct SWIFT/BIC code is used, ensuring smooth transaction completion and financial security.
Understanding Maybank Singapore Limited's SWIFT/BIC code enhances the efficiency and safety of fund transfers. Clear bank identification minimizes errors, facilitating timely transaction processing.