In modern financial transactions, while numerous remittance methods exist, understanding the importance of bank identification codes for overseas transfers remains essential. When transferring funds to Standard Chartered Bank in Singapore, the SWIFT code serves as the critical component ensuring seamless transactions.
Standard Chartered Bank (Singapore) Limited's SWIFT/BIC code is SCBLSG22XXX . Customers must specify this code during cross-border transfers to guarantee accurate delivery of funds to the intended account. This identifier functions not only as an indispensable element in financial transactions but also as a universal passport for international banking operations.
The bank's full legal name is Standard Chartered Bank (Singapore) Limited, located at Singapore's financial hub: 8 Marina Boulevard, 27-01, Marina Bay Financial Centre, Singapore 018981. This strategic positioning connects the institution with both domestic and international financial networks, facilitating efficient service delivery.
When initiating transfers using SCBLSG22XXX , customers must verify the code's alignment with the recipient bank's information to prevent transaction failures due to discrepancies. This verification becomes particularly crucial for high-value transactions where accuracy is paramount.
The SWIFT system serves as a global standard for interbank communication, enhancing transaction security and efficiency. Each financial institution receives a unique SWIFT code, ensuring transparency and traceability throughout the fund transfer process. Proper understanding and application of these codes therefore provides essential safeguards for customers' remittance activities.
In conclusion, confirming the accuracy of SWIFT codes represents a fundamental requirement for international fund transfers. For transactions directed to Standard Chartered Bank Singapore, using SCBLSG22XXX ensures secure and efficient delivery of funds. Customers are advised to thoroughly verify all banking details prior to initiating any transfer.