Bank of America (Singapore) LTD. SWIFT/BIC code

SWIFT/BIC code of Bank of America (Singapore) LTD.

The short code BOFASG3X and the full code BOFASG3XXXX identify the same bank: Bank of America (Singapore) LTD.. The code does one job: it makes sure that money from abroad ends up at the right bank. It comes up mostly when dealing with transfers between countries and payments in foreign currencies.

On this page you can read what the code is put together, when it matters and which other details you need for a transfer to or from Bank of America (Singapore) LTD.. The BIC names a bank or branch, not a single account, which is why you always need the account number too.

Receiving money from abroad at Bank of America (Singapore) LTD.

To receive an international payment into your account at Bank of America (Singapore) LTD., the person paying you needs more than the BIC. What they need is: the account holder’s name, IBAN or account number, BOFASG3XXXX or BOFASG3X and, for some countries, your home address.

Certain banks want the address of Bank of America (Singapore) LTD. in Singapore. A typo in the IBAN can be more trouble than it looks, so copy the details from your online banking.

The amount you receive can be less than the amount sent. Charges on incoming payments vary from bank to bank; check the price list of Bank of America (Singapore) LTD.. On invoices, it is common to state how the fees are split, so that nobody is left short.

Where our SWIFT data comes from

The details on this page come from public sources that we update regularly. Even so, banks merge, rename themselves or change codes and our data may lag behind. The figures on this page are based on what is in our directory, not official figures from Bank of America (Singapore) LTD..

Treat this page as a starting point, rather than as the last word: the recipient’s bank details come first. GoldexPay is not affiliated with Bank of America (Singapore) LTD.; we are a comparison site for money transfers. Spotted an error? Tell us through the contact page and we will look into it.

Tracking a transfer to or from Bank of America (Singapore) LTD.

A SWIFT payment typically takes one to a few business days. Bank holidays in the sending or receiving country can add a day or more to the journey. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact the sending bank for the status so they can trace it along the chain. Keep your transfer receipt until the recipient confirms.

The bank that sent the money can start an official trace or a recall. On the receiving end, it helps to look at your statements to see a slightly lower amount.

What a transfer from Bank of America (Singapore) LTD. abroad really costs

What you pay for a payment abroad has more than one component, and the transfer fee is only the most visible one. Besides a fixed fee, banks in between may deduct a fee, and when currencies are converted the bank often applies a rate below the actual market rate.

The markup on the rate is often the biggest cost because it is hidden in the rate. A simple test: set the rate you get against the mid-market rate and look at the difference.

Specialised transfer providers frequently offer a rate near the mid-market rate with clearer fees. GoldexPay lists these services next to each other so you can see what actually arrives. Using a transfer service does not mean closing your account at Bank of America (Singapore) LTD..

Why Bank of America (Singapore) LTD. has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. That gives you BOFASG3X.

Most banks and apps accept both lengths. If a form requires eleven characters, enter BOFASG3XXXX, otherwise BOFASG3X is fine.

As a rule the code is typed in capitals and without spaces. Copying the code beats retyping it: a typo can point to another bank.

Choosing between the 4 SWIFT codes of Bank of America (Singapore) LTD.

Bank of America (Singapore) LTD. uses 4 separate SWIFT/BIC codes across 1 locations. Only one is the head office code; the rest identify branches.

Usually you do not need to look up a branch: payments sent to BOFASG3XXXX are routed within Bank of America (Singapore) LTD. without problems. When you receive a branch code, use it as it is rather than replacing it with the head office code.

Unsure which code applies? Check with the recipient. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a request saying that a contact has new bank details and asking you to pay there from now on. The fact that BOFASG3X exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Do not trust contact details from the same email that announces the new account. Pressure or secrecy tend to be warning signs – a real supplier can wait a day. Already paid? Contact the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

Fraud can also target the receiver. Someone sends too much and asks you to return the extra. A screenshot of a transfer proves nothing.

Before you send: check the Bank of America (Singapore) LTD. code

Ask the recipient to send you their bank details directly from their banking app. If the code you have differs from BOFASG3X or BOFASG3XXXX, stop and ask.

Errors in the BIC are costly more than fatal. Remember the IBAN: an error there is harder to undo than a wrong code.

Many banking apps validate the structure of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now check the payee name against the account before you confirm. For a first payment, some people send a small test amount and wait for confirmation.

Sending SGD to Bank of America (Singapore) LTD.

Singapore uses the Singapore Dollar (SGD). When you pay another currency it gets converted somewhere along the way. You rarely see a separate charge for the conversion.

Who converts the payment matters. Often you pay less to send SGD directly via a transfer service that converts near the mid-market rate.

The rate for SGD fluctuates throughout the day. On larger amounts, a seemingly small gap in the rate adds up quickly.