In today’s globalized financial landscape, cross-border remittances have become increasingly common. However, even a minor error in the transfer process can lead to delays or failed transactions. To ensure seamless international transfers, understanding a bank’s SWIFT/BIC code is essential. This article provides a detailed breakdown of the SWIFT code used by Standard Chartered Bank (Singapore) Limited: SCBLSG22ZPB .
The SWIFT Code: SCBLSG22ZPB
The SWIFT code for Standard Chartered Bank in Singapore is SCBLSG22ZPB . This code serves as a unique identifier for international transactions, ensuring funds are routed accurately and efficiently. The bank’s full name is STANDARD CHARTERED BANK (SINGAPORE) LIMITED , located at MARINA BOULEVARD, TOWER 1, MARINA BAY FINANCIAL, SINGAPORE, SINGAPORE, 018981 .
Structure of the SWIFT Code
SWIFT codes typically consist of 8 to 11 characters, structured as follows:
- Bank Code (SCBL) : Identifies the financial institution.
- Country Code (SG) : Denotes the bank’s location (Singapore).
- Location Code (22) : Specifies the bank’s regional branch.
- Branch Code (ZPB) : An optional identifier for specific account handling within the bank.
Using the complete SWIFT code ensures funds reach the intended account promptly, minimizing transfer risks.
Key Considerations for Accurate Transfers
To avoid errors or delays, verify the following details before initiating a transfer:
- Bank Information : Confirm the recipient bank’s name and SWIFT code match exactly. Similar bank names may exist, so double-checking is critical.
- Branch Code : If using a branch-specific SWIFT code, ensure it aligns with the recipient’s account location. Larger banks may assign unique codes to different branches.
- Country Alignment : Verify that the SWIFT code corresponds to the recipient’s country, as international standards vary.
- Code Updates : SWIFT codes may change periodically. Always confirm the latest code before initiating a transfer by consulting the bank’s official resources.
Transparency and accuracy are paramount in financial transactions. Using the correct SWIFT code safeguards funds and enhances transfer efficiency. Whether you are an investor, business, or individual, verifying this detail is a crucial step toward seamless cross-border remittances.