Lombard Odier (Singapore) LTD SWIFT/BIC code

Lombard Odier (Singapore) LTD SWIFT code: LOCYSGSG

LOCYSGSG and LOCYSGSGXXX are two ways of writing the same bank identifier, and both lead to Lombard Odier (Singapore) LTD in Singapore. A SWIFT code shows every bank in the chain exactly which bank should receive the money, a bit like a postal address for banks. In practice you mostly see the code on international invoices, in payment forms and in the bank details of Lombard Odier (Singapore) LTD customers.

Below we go through the practical questions: receiving money at Lombard Odier (Singapore) LTD, sending money abroad and how to verify the code before you hit send. The SWIFT code on its own does not identify an individual account holder; that is what the account number or IBAN is for.

How long does an international transfer to Lombard Odier (Singapore) LTD take?

There is no single answer: many land the same day or the next while others need several business days. Weekends and public holidays in the sending or receiving country add a day or more to the journey. Compliance checks by one of the banks can also cause a delay.

If a transfer is delayed, ask the sending bank about the status and the transaction reference; with that reference banks can see where the payment is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

A missing payment is investigated from the sending side. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

Head office or branch code at Lombard Odier (Singapore) LTD?

Having 2 codes in 1 locations, Lombard Odier (Singapore) LTD belongs to the banks that use individual codes for branches and departments. The head office code is LOCYSGSGXXX.

If nobody asks you for a branch code, use LOCYSGSGXXX or its short form LOCYSGSG. When you receive a branch code, stick to it rather than swapping it for the head office code.

Unsure which code to use? Ask the recipient. Codes for branches are more likely to change than LOCYSGSGXXX when a bank merges or closes offices.

Sending money abroad from Lombard Odier (Singapore) LTD

If you send money abroad via Lombard Odier (Singapore) LTD, the fee you see is rarely all of what you pay. Besides the transfer fee, banks in between may deduct a fee, and if the money changes currency the bank usually uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate with a margin built in. A simple test: set the bank’s rate against the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service is cheaper than a bank – mostly thanks to the rate. Next time you send money, it is worth comparing what arrives via GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Lombard Odier (Singapore) LTD to fund the transfer.

How up to date is this code?

The codes here are taken from public sources. Institutions reorganise, close branches and change codes, and a directory never catches every change immediately. Counts and locations are from our own dataset and may differ from what Lombard Odier (Singapore) LTD publishes.

See our directory here as a handy check, and let the details from the recipient or Lombard Odier (Singapore) LTD have the final say. We are an independent comparison service for money transfers and not part of Lombard Odier (Singapore) LTD. Should you notice something that is out of date, we welcome a message via the contact page.

Sending SGD to Lombard Odier (Singapore) LTD

The currency of Singapore is the Singapore Dollar (SGD). If you send money in a different currency gets converted somewhere along the way: by your bank, an intermediary or Lombard Odier (Singapore) LTD itself. Every conversion eats into the amount, even when no fee is shown.

Which bank converts the money makes a difference, because each party uses its own rate. In many cases it is cheaper if you send SGD straight away via a transfer service with a good rate.

Exchange rates move all the time. With bigger transfers, a seemingly small difference in the rate can be worth more than the fee.

LOCYSGSG or LOCYSGSGXXX – which one to use?

A BIC is built from fixed blocks: characters one to four stand for the bank, the next two give the country and characters seven and eight mark the location. Combined, those parts make up LOCYSGSG, the code most people search for.

The 11-character version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, so LOCYSGSGXXX and LOCYSGSG are interchangeable.

Type the code in one piece, in upper case and without spaces, exactly as shown here. Look out for O versus 0 and I versus 1.

Before you send: check the Lombard Odier (Singapore) LTD code

The most reliable place for the right code is a document from the bank itself like a bank statement or the account page in online banking. If the code you have does not match LOCYSGSG or LOCYSGSGXXX, stop and ask: check with the recipient or with Lombard Odier (Singapore) LTD directly.

If the code is wrong, the transfer might be delayed, be returned or cost extra, and tracing it can take weeks. Remember the account number: an error there can be harder to undo than a wrong code.

An automatic check in your banking app merely tells you that the IBAN is valid, not that it is the right account. Where available, a name check before sending adds extra certainty. Sending a small amount first is worth it for large sums, even if it costs an extra fee.

Scams that use SWIFT codes

Be alert when someone unexpectedly asks you to send money to another account or a bank in another country. A real SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Check changed bank details via a separate channel, such as a phone number you already know. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and ask them to try to recall the payment.

Recipients are targeted too: one known trick is an overpayment followed by a request to send back the difference abroad. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Getting paid from abroad into a Lombard Odier (Singapore) LTD account

When you are waiting for money from abroad, give the sender all details at once. The basics are: your name, account number or IBAN, LOCYSGSGXXX or LOCYSGSG and, for some countries, your home address.

Some banks want the address of Lombard Odier (Singapore) LTD; it does no harm to include it. Check each detail before you send them, because the sender’s bank usually copies them as is.

What lands in your account is often less than what was sent. Charges on incoming payments vary from bank to bank. On invoices, it is common to state who bears the costs to avoid a shortfall.