Bullion Ventura Investment Pte LTD SWIFT/BIC code

What BVIPSGS1 means for a payment to Bullion Ventura Investment Pte LTD

The short code BVIPSGS1 and the full code BVIPSGS1XXX refer to the same bank: Bullion Ventura Investment Pte LTD. A SWIFT code shows every bank in the chain which institution is meant to get the money, much like a postcode for banks. In practice you usually see the code on invoices from abroad, in payment forms and on the account details of Bullion Ventura Investment Pte LTD customers.

On this page we explain what the code is put together, when it matters and what else a transfer to or from Bullion Ventura Investment Pte LTD requires. Keep in mind that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

About this information

This directory is compiled from publicly available sources and is updated regularly. Banks merge, change names and retire codes. Counts and locations are from our directory and are not confirmed by Bullion Ventura Investment Pte LTD.

See the information on this page as a handy check and rely on the recipient or Bullion Ventura Investment Pte LTD for the final confirmation. GoldexPay has no connection to Bullion Ventura Investment Pte LTD; we are a comparison site for money transfers. Should you notice something that is out of date, we welcome a message via the contact page.

Scams that use SWIFT codes

Fraudsters regularly use fake invoices with changed bank details, sometimes in an email that looks completely genuine. That BVIPSGS1 is a real code is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Always confirm changed bank details by phone on a number you know, not one from the message. Watch out for urgent requests, odd spelling or a sender address that is slightly off. When a payment was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. A payment confirmation from the sender is no proof – check your own account.

Singapore Dollar (SGD) and conversion costs

The national currency of Singapore is the Singapore Dollar (SGD). When you pay money in a different currency has to be converted somewhere along the way – by your bank, by Bullion Ventura Investment Pte LTD or by a bank in between. Every conversion eats into the amount.

Who converts the money makes a difference: every bank has its own margin. Check what SGD arrives via several services; the difference between options can be larger than you expect.

Rates for SGD move during the day – some services let you fix a rate in advance. For regular payments, a slightly better rate make a real difference over a year.

BVIPSGS1 or BVIPSGS1XXX – which one to use?

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and two characters for the location. That gives you BVIPSGS1.

Most banks and apps work with both lengths. If a form asks for eleven characters, use BVIPSGS1XXX.

As a rule the code is written in capitals. Copying the code is safer than retyping it: a typo can point to another bank.

Before you send: check the Bullion Ventura Investment Pte LTD code

The safest source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare that code against BVIPSGS1 on this page and ask if anything does not match.

With a wrong code, the transfer might be delayed, be returned or end up costing more – sometimes after weeks of searching. An error in the account number can be more serious, because the money may be credited to someone else.

Most online banking apps check the structure of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check before sending adds extra certainty. For a first payment, many people start with a small test amount.

Which of the 2 codes of Bullion Ventura Investment Pte LTD do you need?

Our database contains 2 SWIFT/BIC codes for Bullion Ventura Investment Pte LTD, spread over 1 cities. Besides the head office code BVIPSGS1XXX, you will find codes for regional offices and specialised units.

Usually you do not need to look up a branch: transfers sent to BVIPSGS1XXX reach Bullion Ventura Investment Pte LTD without problems. A branch code only makes sense when the account holder specifically asks for it, which is more common for corporate accounts and trade services.

The safest approach is to copy the code straight from the recipient’s statement. Branch codes can change over time.

Getting paid from abroad into a Bullion Ventura Investment Pte LTD account

For a transfer from abroad at Bullion Ventura Investment Pte LTD, the sender needs not just the SWIFT code. Give them your name as the bank knows it, the IBAN or account number, SWIFT code BVIPSGS1XXX and your address, which some banks require.

You can include Bullion Ventura Investment Pte LTD and Singapore as well, since some forms ask for it. A typo in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

What lands in your account can be lower than the amount sent. Charges on incoming payments differ per bank; check the price list of Bullion Ventura Investment Pte LTD. On invoices, it is common to agree who bears the costs to avoid a shortfall.

How long does an international transfer to Bullion Ventura Investment Pte LTD take?

How quickly a payment reaches Bullion Ventura Investment Pte LTD is determined by a few things: the currency, the number of banks in between, daily processing deadlines and time zones. Transfers sent after the cut-off time or just before a weekend or public holiday usually start a business day later. Occasionally a bank asks what the payment is for before releasing it.

Many banks are connected to SWIFT gpi. Every payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the money has arrived.

Only the sending bank can request a trace; the receiving side usually has nothing to trace yet. Request from the sender the payment receipt including the reference.

What a transfer from Bullion Ventura Investment Pte LTD abroad really costs

A bank transfer abroad costs rather more than the listed fee. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted, the bank usually applies a rate below the actual market rate.

The markup on the rate tends to be the largest item even though it is not listed as a fee. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

Specialist money transfer services often use rates closer to the mid-market rate with clearer fees. GoldexPay lists these services next to each other so you can see the amount the recipient gets for the same amount sent. You can still use your account at Bullion Ventura Investment Pte LTD; only the conversion and sending happen elsewhere.