What is the SWIFT code for DBS Bank LTD.?

Wise
26.06.18
3 minute read

The SWIFT system is a messaging network that banks use around the world to send information like money transfer orders quickly, accurately and securely. If you ever transfer money overseas, it’s likely you’ll be using the SWIFT system and will need a SWIFT code. However, did you know that you can save on international transfers with Wise?

What’s the SWIFT code for DBS Bank LTD. in Singapore?

The BIC/SWIFT code for DBS Bank LTD. is DBSSSGSG.¹

This is the code you’ll need if you ever want to transfer money into a bank account at DBS Bank LTD., or receive money into your own bank account at DBS Bank LTD. You’ll also likely need some or all of the following information:

Bank NameDBS Bank LTD.
SWIFT/BIC Code for DBS Bank LTD.DBSSSGSG ¹
Bank address, city & stateDBS Asia Central MBFC Tower 3 12 Marina Boulevard, Singapore 018982, Singapore¹
Beneficiary account numberComplete DBS Bank LTD. bank account number of the recipient (including leading zeros)
Beneficiary nameThe name on the recipient’s account as it appears on one of their bank statements

What’s a SWIFT Code?

A SWIFT Code, or BIC (Bank Identifier Code) as it’s sometimes called, is a set of characters used to identify a specific bank (or branch of a bank) anywhere around the world. Within its 8-11 characters, a SWIFT/BIC contains everything you need to identify a bank or financial institution. They’re used in most international transfers, since having the SWIFT code ensures the money being transferred across borders will end up at the right place. That’s why it’s so important to make sure you have the correct SWIFT/BIC whether you’re sending or receiving an international transfer.

A SWIFT code is 8-11 characters, formatted like this: AAAABBCCDDD.

AAAA: Bank code

BB: Country code

CC: Location code

DDD: Optional branch code

What’s the difference between a SWIFT code, a BIC, an IBAN and a routing number?

A SWIFT/BIC is a global code used to identify a specific bank or financial institution. Routing numbers are similar in that they’re used to identify banks and financial institutions; however, they’re only used in the US. IBANs (International Bank Account Numbers) are totally different. They’re not used worldwide — they’re used in the EU, as well as Norway, Switzerland, Liechtenstein and Hungary. And they’re not used to identify banks; instead, they identify individual accounts within banks.

Do SWIFT codes change from branch to branch?

Yes, so use this tool to look up the correct SWIFT code for your DBS Bank LTD. branch. Or, just use the general code, since it will work for all branches of DBS Bank LTD., especially if you aren’t sure which specific branch you need a code for.

What other ways can I send or receive money to my DBS Bank LTD. bank account?

Have you considered Wise? It moves money across international borders safely and securely. Plus, it’s fast and can be cheaper than banks and other money transfer services because there are no hidden fees or exchange rate markups. Transfers just cost a one-time fee.

Wise users can also open borderless multi-currency accounts so they can send, receive and manage money in dozens of global currencies all at once. Wise truly makes it easier to manage your money around the globe.

Sources:

¹https://www.dbs.com.sg/personal/support/bank-general-swift-code-details.html

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