SWIFT/BIC codes in Singapore: banks starting with Y

Finding a SWIFT code in Singapore

On this page you find codes for 504 banks in Singapore – 880 codes altogether. A BIC shows every bank in the chain which institution should receive the money.

Look for the bank you need in the list and open its page for the full list of codes and the details a transfer needs. Further down you can read how a code from Singapore is put together, how to send money to Singapore at a fair price and what to check before you pay.

When does money sent to Singapore arrive?

There is no fixed delivery time for transfers to Singapore: many arrive the same day or the next, others take several business days. Public holidays in Singapore or in the sending country can add extra days to the journey.

When a payment takes longer than expected, ask the sender to contact their own bank; only the sending side can start an official trace. Specialist transfer services usually show a status online.

Singapore and the Singapore Dollar

Singapore uses the Singapore Dollar, with the currency code SGD. When you pay another currency, it gets converted at some point: by your bank, an intermediary or the receiving bank.

Who converts the payment makes a difference, because each party uses its own rate. Compare what SGD arrives with several services. Exchange rates change during the day.

The largest SWIFT network in Singapore: BNP Paribas Securities Services SA

Of the 504 banks we list for Singapore, BNP Paribas Securities Services SA is listed with the most SWIFT codes. Its head office code is BPTSSGSGXXX.

A large number of codes usually means separate codes for branches, departments or services. Unless the recipient asks for a branch, BPTSSGSGXXX is fine for a payment to BNP Paribas Securities Services SA.

What a sender needs to pay you in Singapore

For an international payment in Singapore, the person paying you has to have more than the BIC. That means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code of your bank and, often, your postal address.

Look up the bank in the list on this page to check its code. It helps to add your bank’s name and city because some forms have separate fields for it.

The amount you receive is often less than the amount sent. Correspondent banks can take a fee, your bank may charge for incoming payments, and if the money is converted, a markup on the rate comes on top. For business payments, agree how the fees are split, so nobody is left short.

SWIFT codes in Singapore: banks under :letter

Here you see a filtered list: just institutions in Singapore whose name begins with :letter. The figures for Singapore mentioned here apply to every bank we list.

Bank not listed? Its official name may begin with another word, for example the full legal name rather than a brand name. The complete list remains one click away when the letter filter does not help.

Check the code before you pay

The most reliable source for a SWIFT code is the bank details provided by the recipient. When the code you were given does not match the code listed here, do not guess.

The directory on GoldexPay is based on publicly available sources. Even so, banks merge or retire codes and our data may lag behind. Before a payment that matters, confirm the code with the recipient’s bank. GoldexPay is a comparison site for money transfers, not a bank.

Watch out for invoices with a new account. Always verify a change of bank details by phone on a number you know.

The cheapest way to send money to Singapore

A bank transfer to Singapore can cost more than you think. You pay the transfer fee, sometimes charges from intermediary banks and, most importantly, the exchange rate markup if the money is converted.

That exchange rate margin tends to be the biggest part of the cost. Check the rate you are offered with the mid-market rate, the midpoint you see on financial news sites.

For a lot of routes, a specialist provider turns out to be cheaper than a bank. GoldexPay compares what recipients in Singapore receive with different providers.

The structure of a Singapore SWIFT/BIC code

SWIFT/BIC codes use one international format: 8 characters plus an optional three-character extension. The first four letters identify the bank, characters five and six are the country code and characters seven and eight mark the location.

For banks in Singapore, characters five and six show the two-letter ISO code of Singapore, which makes these codes easy to recognise. When the country letters do not match Singapore, you are looking at a bank somewhere else – worth double-checking.

If the last three are XXX, it refers to the head office and the short version works just as well. For most transfers the head office code is fine unless the recipient asks for a specific branch.

SWIFT transfers to Singapore

For Singapore you will almost always need the BIC – Singapore is not a SEPA country. Without it, your bank will not process the payment at all.

Depending on the country, accounts are identified by a domestic account number rather than an IBAN and sometimes a local routing or branch code. Ask the recipient exactly which details their bank needs for payments from abroad. Before it arrives, a transfer may go through intermediary banks that take a fee.