In international money transfers, ensuring funds reach the correct destination account is paramount. For those sending foreign currency to Singapore, understanding the correct SWIFT code for Standard Chartered Bank (Singapore) Limited can make cross-border payments seamless.
Understanding the SCBLSG22STM SWIFT Code
SCBLSG22STM is the official SWIFT/BIC identifier for Standard Chartered Bank (Singapore) Limited, with the following details:
- Bank Name: Standard Chartered Bank (Singapore) Limited
- City: Singapore
- Address: 7 Changi Business Park Crescent, Singapore 486028
- Country: Singapore
When to Use SCBLSG22STM
SWIFT codes serve as crucial identifiers for routing international payments. When transferring funds to Standard Chartered Bank (Singapore) Limited, always verify the SCBLSG22STM code matches the recipient bank's information to prevent delays or misdirected payments.
Decoding the SWIFT Structure
SWIFT codes consist of 8-11 characters that uniquely identify financial institutions worldwide. The SCBLSG22STM breakdown:
- Bank Code (SCBL): Standard Chartered Bank identifier
- Country Code (SG): Singapore
- Location Code (22): Specifies the bank's headquarters
- Branch Code (STM): Identifies a specific branch
Note that codes ending with 'XXX' typically represent a bank's headquarters, such as SCBLSG22XXX for Standard Chartered's Singapore main office.
Why Choose Standard Chartered Bank Singapore?
Standard Chartered Bank offers reliable international transfer services through its extensive global network. Both corporate and individual clients benefit from competitive foreign exchange services and efficient cross-border payment solutions.
Step-by-Step Transfer Process
- Collect recipient details: Obtain the beneficiary's account number and correct SWIFT code
- Complete transfer form: Input all required information accurately through your bank or digital platform
- Verify fees and limits: Review applicable charges and transaction restrictions
- Initiate transfer: Submit payment instructions and retain confirmation details
- Monitor transaction: Track the payment status through your banking channel
Security Considerations
When processing international transfers:
- Only use official banking channels for transactions
- Maintain strong digital security practices for online banking
- Monitor transfer progress and report any irregularities immediately
By properly utilizing the SCBLSG22STM SWIFT code, senders can ensure secure and efficient international transfers to Standard Chartered Bank accounts in Singapore.