Credit Agricole CIB SWIFT/BIC code

What CRLYSGSG means for a payment to Credit Agricole CIB

CRLYSGSG and CRLYSGSGXXX are two spellings of the same SWIFT/BIC code, and both point to Credit Agricole CIB in Singapore. A BIC does one job: it makes sure that money from abroad reaches the right bank. It comes up mostly when dealing with payments that cross a border or a currency.

This page is meant to help anyone who sends money to an account at Credit Agricole CIB without mistakes. The SWIFT code on its own cannot identify an individual account holder; for that you need the account number or IBAN is for.

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a message claiming that a supplier now has a new bank account and asking you to pay there from now on. A correct SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Never trust contact details from the same email that announces the new account. Watch out for time pressure, odd spelling or a sender address that is slightly off. If a payment was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to refund the difference abroad. Wait until the money is actually in your account.

Receiving money from abroad at Credit Agricole CIB

To receive a transfer from abroad into your account at Credit Agricole CIB, the person paying you has to have not just the SWIFT code. Give them the account holder’s name, your account number or IBAN, SWIFT code CRLYSGSGXXX and your address, which some banks require.

The sender’s bank may also ask for the address of your bank. Check each detail before you send them, because the sender’s bank usually copies them as is.

An incoming payment does not always land in full. Fees for incoming transfers differ per bank; check the price list of Credit Agricole CIB. Make clear with the sender who pays which costs, especially for larger amounts.

Singapore Dollar (SGD) and conversion costs

The currency of Singapore is the Singapore Dollar (SGD). If you send money in a different currency, the amount has to be converted somewhere along the way. Each conversion costs something, even when no fee is shown.

Who converts the payment matters: every bank has its own margin. In many cases it is cheaper to send SGD directly via a transfer service with a good rate rather than letting the receiving bank convert.

The rate for SGD changes throughout the day and quotes are often valid only for a short time. For recurring payments, small differences in the rate add up over a year.

Where our SWIFT data comes from

This directory is compiled from publicly available sources. Banks reorganise, close branches and retire codes, and a directory never catches every change immediately. The figures we show are based on what is in our directory.

For a payment that matters, check the code with Credit Agricole CIB or with the recipient. We are a comparison service and not part of Credit Agricole CIB. Spotted outdated information? Tell us through the contact page and we will look into it.

How to check CRLYSGSG before you pay

Have the recipient copy the account details directly from their banking app. When the code you were given does not match CRLYSGSG or CRLYSGSGXXX, stop and ask: check with the recipient or with Credit Agricole CIB directly.

Mistakes in the SWIFT code tend to be annoying more than disastrous – usually the money comes back, minus fees and time lost. A mistake in the account number can be a bigger problem.

Most online banking apps check the structure of IBANs, but that does not prove the account belongs to the right person. Some banks now compare the payee name against the account; take any warning seriously. A small test payment is worth it for a large first payment, even if it costs an extra fee.

Why Credit Agricole CIB has an 8- and an 11-character code

Each SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. Together, those parts make up CRLYSGSG, the code most people search for.

Most banks and apps work with both lengths. If yours asks for eleven characters, use CRLYSGSGXXX, otherwise CRLYSGSG is fine.

Type the code as one block, in capitals and without separators. Look out for O versus 0 or I versus 1, a common source of typos.

Credit Agricole CIB: head office code versus branch codes

With 3 codes in 1 cities, Credit Agricole CIB is one of the banks that register individual codes for branches. The main code is CRLYSGSGXXX.

For most incoming transfers, the head office code CRLYSGSGXXX is what you need. Just use a branch code when the recipient gives you that exact code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more likely to change than CRLYSGSGXXX when a bank merges or closes offices.

Paying someone abroad from your Credit Agricole CIB account

If you send money abroad via Credit Agricole CIB, the visible fee is only part of the cost. Besides the transfer fee, banks in between may take a cut, and if the money changes currency, the bank usually applies a rate that is less favourable than the real market rate.

The markup on the rate is often the largest cost, and it is easy to miss. An easy check: set the bank’s rate next to the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares the amount that arrives across services. You can still use your account at Credit Agricole CIB to fund the transfer, while a cheaper service handles the conversion.

Transfer times and tracking a payment to Credit Agricole CIB

How fast a transfer arrives at Credit Agricole CIB depends on a few things: the currency, the number of banks in between, cut-off times and time zones. Weekends and public holidays in either country can add a day or more. Sometimes a bank asks about the purpose of a payment.

A growing number of banks use SWIFT gpi. Every payment gets a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation; it contains the details a bank needs to start a trace.

A missing payment is traced from the sending side. Request from the sender a copy of the payment confirmation with the date and reference.