When initiating an international money transfer, one critical piece of information you'll need is the correct SWIFT code. For Standard Chartered Bank (Singapore) Limited, the SWIFT code SCBLSG22XXX is your key to seamless transactions.
Bank Details and SWIFT Code Essentials
Standard Chartered Bank (Singapore) Limited operates from Singapore's bustling financial hub at 8 Marina Boulevard, 27-01, Marina Bay Financial Centre, Singapore 018981. The bank's full legal name must be used precisely for international transfers.
SWIFT codes, also known as Bank Identifier Codes (BIC), consist of 8-11 alphanumeric characters that uniquely identify financial institutions worldwide. Using the correct code SCBLSG22XXX for Standard Chartered Bank Singapore ensures your transfer reaches its destination efficiently while minimizing errors and delays.
Why Verification Matters
Several methods exist to confirm SWIFT codes: official bank websites, consultation with your bank representative, or verification tools provided by transfer services. Regular verification is crucial as banks occasionally update their codes.
A cautionary example involves a client who experienced several days' delay in a time-sensitive business transfer after using an incorrect SWIFT code found through a search engine. This underscores the importance of using only verified banking information.
Best Practices for International Transfers
When sending funds to Standard Chartered Bank Singapore, always double-check:
- The exact SWIFT code: SCBLSG22XXX
- Complete recipient bank details
- Beneficiary account information
International money transfers form a vital component of global finance, and accuracy in these details ensures smooth financial operations. Many individuals and businesses rely on established transfer services to facilitate secure cross-border transactions.