Dbs Bank LTD. SWIFT/BIC code

What DBSSSGSG means for a payment to Dbs Bank LTD.

If an invoice shows DBSSSGSG or DBSSSGSGXXX, you are looking at the same identifier for Dbs Bank LTD. in Singapore. A BIC does one job: it ensures that an international payment reaches the right bank. In daily life you mostly come across it on invoices from abroad, in payment forms and on the account details that Dbs Bank LTD. provides.

On this page we explain what the code means, when it matters and what else you need for a transfer to or from Dbs Bank LTD.. The BIC identifies an institution, never a single account, which is why you always need the account number too.

Protect yourself against fake payment requests

One of the most common tricks works like this: you receive a message claiming that a contact has a new bank account and asking you to pay there from now on. That DBSSSGSG is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Always confirm changed bank details through a phone call. Watch out for time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call your bank without delay and have them try to recall the payment; also report it to the police.

Fraud can also target the receiver. Someone sends too much and wants you to refund the extra via a different route. A screenshot of a transfer is no proof – check your own account.

Which of the 5 codes of Dbs Bank LTD. do you need?

Dbs Bank LTD. uses 5 separate SWIFT/BIC codes. Only one is the head office code, DBSSSGSGXXX; the rest identify branches.

Unless the recipient tells you otherwise, go with DBSSSGSGXXX or its short form DBSSSGSG. A branch code only makes sense if the recipient’s bank explicitly asks for it, which is more common for corporate accounts and specialised services.

Unsure which code applies? Ask the recipient, or look at a recent statement from Dbs Bank LTD.. Branch codes are sometimes changed or retired over time, so do not rely on old paperwork.

The Singapore Dollar and what conversion costs you

Singapore uses the Singapore Dollar (SGD). Money sent in a different currency will be exchanged into SGD – and the bank that does it picks the rate. Every conversion eats into the amount.

Where the conversion happens has an effect on the final amount, since every bank sets its own rate. Check how much SGD arrives with different services.

The SGD rate fluctuates constantly, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate make a real difference over time.

Is DBSSSGSG still correct? How to check

Ask the recipient to send you their account details directly from their online banking. Compare it with DBSSSGSG here and ask if anything does not match.

Mistakes in the BIC are annoying rather than fatal – usually the money comes back, minus fees and time lost. Do not forget the IBAN: a mistake there can be more difficult to undo than a wrong code.

A format check by your bank only tells you that the code is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check before sending gives extra certainty. For a first payment, some people send a small test amount before sending the rest.

Paying someone abroad from your Dbs Bank LTD. account

What you pay for a payment abroad has several parts – not just the fee on your screen. On top of the transfer fee, banks in between may take a cut, and if the money changes currency the bank often applies a rate that is less favourable than the real market rate.

That exchange rate margin is often the biggest cost, and it is easy to miss. An easy check: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. Before your next transfer, take a minute to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not mean leaving Dbs Bank LTD..

Tracking a transfer to or from Dbs Bank LTD.

A SWIFT payment typically takes one to a few business days. Weekends and public holidays in the sending or receiving country add a day or more to the journey. Occasionally a bank wants to know what the payment is for before releasing it.

A growing number of banks are connected to SWIFT gpi. Every payment carries a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide a status in their app so you can see where the payment has got.

Only the sending bank is able to start an official trace. Ask the sender for the payment receipt including the reference – it helps your own bank look for the money.

Receiving money from abroad at Dbs Bank LTD.

To receive a transfer from abroad into your account at Dbs Bank LTD., the person paying you needs more than the SWIFT code. Share the account holder’s name, the IBAN or account number, SWIFT code DBSSSGSGXXX and your address, which some banks require.

Certain sending banks want the name and address of Dbs Bank LTD.; it does no harm to include it. Check the details before you send them – a sender rarely spots a mistake in someone else’s details.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee, Dbs Bank LTD. may charge for incoming payments, and if the money is converted, an exchange rate margin applies. On invoices, it is common to state how the fees are split to avoid a shortfall.

A note on our data

The details here are taken from public sources that we update regularly. It can happen that a code on this page is out of date. Counts and locations come from our directory.

For any payment of any size, always confirm the BIC with the recipient’s bank or with the recipient. GoldexPay has no connection to Dbs Bank LTD., we only compare transfer services. If you notice a mistake, we appreciate a message via the contact page.

Why Dbs Bank LTD. has an 8- and an 11-character code

The structure of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code, sometimes followed by a branch code. Together, those parts make up DBSSSGSG, the code most people search for.

Most banks and apps work with either length. If a form asks for eleven characters, use DBSSSGSGXXX.

Type the code as one block, in capitals and without spaces, exactly as shown here. Watch for the letter O and the digit 0 and I versus 1, a common source of typos.