In today's rapidly evolving global economy, cross-border payments have become crucial for connecting individuals, businesses, and nations. However, what appears as a simple fund transfer conceals a complex financial network where minor errors can lead to delays, losses, or failed transactions.
UOB: A Trusted Financial Partner for Global Ambitions
United Overseas Bank (UOB) stands as one of Asia's leading financial institutions with over 80 years of history. Operating in 19 countries and territories through more than 500 offices, UOB has built its reputation on financial strength, exceptional customer service, and innovative solutions.
UOB Singapore's Primary SWIFT Code: UOVBSGSGXXX
The main SWIFT/BIC code for UOB in Singapore is UOVBSGSGXXX . This code serves as the essential identifier for international transactions directed to UOB accounts in Singapore.
It's important to note that UOB may use different SWIFT codes for specific services or branches. For absolute certainty, verification with the recipient or direct confirmation with UOB is recommended before initiating any cross-border transfer.
When to Use UOVBSGSGXXX
This primary SWIFT code is appropriate for:
- International transfers to UOB accounts in Singapore
- Situations where recipients haven't provided branch-specific codes
- Transactions processed through UOB's headquarters
- When using a widely recognized default identifier
Essential Verification for Cross-Border Transfers
Before initiating any SWIFT payment, careful verification of these details is crucial:
- Accurate SWIFT code matching the recipient bank
- Correct account number
- Precise recipient name matching bank records
Understanding Exchange Rates and Fees
International transfers involve exchange rates and various fees that differ among financial institutions. Comparing options can help identify the most cost-effective solution for each transaction.
UOB's Cross-Border Payment Services
The bank offers comprehensive solutions for international transactions:
- Wire transfers through SWIFT networks
- Bank drafts for substantial transfers
- Express remittance services for smaller amounts
Corporate Solutions
For business clients, UOB provides specialized services including bulk payments, foreign exchange risk management tools, and trade financing options to support global operations.
Important Considerations
All provided banking information serves as general reference only. Details may change without notice, and independent verification with financial institutions is strongly recommended before any transaction.