SWIFT codes in Singapore
SG · SGD
547 banks in Singapore, from HSBC BANK (SINGAPORE) LIMITED (HSBCSGS2) onward; every code carries SG as its country part.
Banks
547
SWIFT codes
1
Branches
2
Currency
SGD
Banks and SWIFT codes in Singapore
HHSBC BANK (SINGAPORE) LIMITED
| SWIFT/BIC | City |
|---|---|
HSBCSGS2GPI | SINGAPORE |
HSBCSGS2XXX | SINGAPORE |
Singapore SWIFT code questions
What does a Singapore SWIFT code look like?
HSBCSGS2XXX (HSBC BANK (SINGAPORE) LIMITED): bank HSBC, country SG, location S2, branch XXX.
What are the SWIFT codes for major Singaporean banks?
Key Singaporean bank SWIFT codes include: DBS Bank — DBSSSGSG, OCBC Bank — OCBCSGSG, United Overseas Bank (UOB) — UOVBSGSG, Standard Chartered Singapore — SCBLSG22, Citibank Singapore — CITISGSG, and HSBC Singapore — HSBCSGSG.
Do I need a SWIFT code or a PayNow ID for international transfers to Singapore?
PayNow is Singapore's domestic instant payment system linked to NRIC/FIN numbers or phone numbers — it cannot receive international SWIFT transfers. For international transfers from outside Singapore, the sender needs the recipient bank's SWIFT/BIC code plus the full bank account number. PayNow is only for local SGD transfers within Singapore.
How long does a SWIFT transfer to Singapore take?
SWIFT transfers to Singapore typically arrive within one to two business days. As one of Asia's most important financial centres, Singapore banks have extensive correspondent relationships that facilitate fast settlement for major currencies. Transfers from the US, UK, and Europe in USD, EUR, or GBP usually settle within one business day.
Are there fees for receiving a SWIFT transfer in Singapore?
Singaporean banks typically charge an inbound telegraphic transfer fee, often SGD 10–20 per transaction. DBS, OCBC, and UOB may waive or reduce this fee for certain account types. If the transfer arrives in a currency other than the account currency, the bank will convert at their own exchange rate, which includes a margin over the mid-market rate.
Can I receive multiple currencies in my Singaporean bank account?
Yes. Singapore banks commonly offer multi-currency accounts that can hold SGD, USD, EUR, GBP, AUD, HKD, and other currencies. This is a significant advantage — you can receive international transfers in the original currency without automatic conversion. Confirm which currency the sender should use, as receiving in the account's existing currency avoids conversion fees.
Are there MAS regulations affecting large inbound transfers to Singapore?
The Monetary Authority of Singapore (MAS) requires banks to perform enhanced due diligence on certain inbound transfers. Payments above specific thresholds or from certain jurisdictions may be held for compliance review, adding one to two business days. Providing a clear payment reference and purpose helps avoid delays. Personal remittances under common thresholds are generally processed promptly.
How SWIFT works in Singapore
Singapore is one of Asia's most important financial centers, and its banks are deeply integrated into the SWIFT network. DBS, OCBC, and UOB are the three major local banks, all with extensive SWIFT connectivity for multiple currencies. The Monetary Authority of Singapore (MAS) maintains a well-regulated banking environment, and inbound international transfers generally settle quickly and reliably.
- DBS, OCBC, and UOB each have primary SWIFT codes for international transfers, but may use different codes for specific divisions such as private banking or corporate accounts. The recipient should provide the exact SWIFT code associated with their account type rather than a generic code found online.
- Singapore bank accounts frequently support multiple currencies (SGD, USD, EUR, GBP, and others) within a single account structure. When sending to Singapore, confirm with the recipient which currency their account should receive — sending in the wrong currency can trigger an automatic conversion at the bank's less favorable rate.
- MAS regulations require Singapore banks to perform enhanced due diligence on certain inbound transfers. Payments above specific thresholds or from certain jurisdictions may be held for compliance review, which can add one to two business days to the settlement time. Providing a clear payment reference and purpose helps avoid delays.
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