In today's globalized financial landscape, cross-border fund transfers and remittances have become increasingly common. Whether for business or personal transactions, ensuring accurate banking details is critical to guarantee secure and timely delivery of funds. This article provides an in-depth guide to the SWIFT/BIC code for Standard Chartered Bank (Singapore) Limited, facilitating seamless international money transfers.
The SWIFT code for Standard Chartered Bank (Singapore) Limited is SCBLSG22STM . This unique identifier plays a pivotal role in the international banking system, enabling precise routing of transactions to the correct financial institution and branch.
The Importance of SWIFT Codes
When initiating an international wire transfer, providing the recipient's account details alone is insufficient. The inclusion of a valid SWIFT/BIC code ensures that funds are directed accurately to the intended bank. For transactions involving Standard Chartered Bank (Singapore), the code SCBLSG22STM serves as the essential link between sending and receiving institutions.
Errors in SWIFT codes can lead to delayed transactions or even loss of funds. Therefore, verifying this information before initiating transfers is crucial for efficient cross-border payments.
Standard Chartered Bank (Singapore) Key Details
- Bank Name: Standard Chartered Bank (Singapore) Limited
- SWIFT/BIC Code: SCBLSG22STM
- City: Singapore
- Address: 7 Changi Business Park Crescent, Singapore 486028
- Country: Singapore
Maintaining accurate records of these details enhances the efficiency of international transactions and helps resolve potential issues related to fund transfers.
How to Use the SWIFT Code
To transfer funds to Standard Chartered Bank (Singapore), simply include the SWIFT code SCBLSG22STM along with the recipient's account information in your bank's wire transfer form. This standardized process ensures secure and prompt delivery of funds across borders.
For businesses and individuals engaged in international commerce, familiarity with SWIFT codes is indispensable. By understanding and correctly applying this banking identifier, users can streamline cross-border transactions and maintain transparency in financial operations.