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New BIC and Bank Code for Standard Chartered Bank (Singapore) Limited

Following an earlier notice in June 2019, please be reminded that Standard Chartered Bank Singapore Limited (“SCBSL”) has been operating under a new Bank Identifier Code (“BIC”), SCBLSG22 and Bank Code, 9496 since 8 July 2019 for all Interbank GIRO, Fast and Secure Transfers (“FAST”), PayNow, MAS Electronic Payment System (“MEPS”) and Telegraphic Transfer transactions intended for accounts with SCBSL.

To ensure that all transactions to your account(s) are processed successfully, please request the remitter to select the new BIC code while initiating new fund transfers to your SCBSL account(s).

Refer to the table below for more information:

Bank Full Name Standard Chartered Bank (Singapore) Limited
渣打银行(新加坡)有限公司
Businesses • Retail Banking (including Wealth)
• Business Banking
• Corporate and Institutional Banking
• Private Banking
• Commercial Banking
SWIFT BIC SCBLSG22
Bank Code 9496
MEPS / FAST / Interbank GIRO / PayNow Bank Description (Online / Mobile / ATM Channel) Standard Chartered Bank Singapore or
Standard Chartered Bank (Singapore) Limited(SCBLSG22)

FAQs

  • In May 2019, Standard Chartered Bank completed the transfer of its Commercial Banking, Corporate & Institutional Banking and Private Banking businesses from its Singapore branch to its local subsidiary, SCBSL. All of the Bank’s businesses, including its Retail Banking business, are now operating under SCBSL.

    In line with that, a new infrastructure was onboarded to allow SCBSL to process local clearing services using its own BIC (SCBLSG22) and Bank Code (9496). This means that since 8 July 2019, all fund transfers to your SCBSL accounts, including Interbank GIRO, Fast and Secure Transfers (“FAST”), PayNow, MAS Electronic Payment System (“MEPS”) and Telegraphic Transfer must use the new BIC and Bank code.

    Please note that any MEPS transactions with value date of 12 March 2021 or received on and after 12 March 2021 under the old BIC (SCBLSGSG) will be rejected.

  • All payment transactions since 8 July 2019 would have had to use the new BIC (SCBLSG22), which is applicable to all new fund transfers to accounts with SCBSL, such as FAST, Interbank GIRO, MAS Electronic Payment system (“MEPS”) and Telegraphic transfer (“TT”). 

    Please note that any MEPS transactions with value date of 12 March 2021 or received on and after 12 March 2021 under the old BIC (SCBLSGSG) will be rejected

  • We have made the changes centrally to all FAST, Interbank GIRO and PayNow transfers to clients of SCBSL and no further action is required from you.

  • For Inward telegraphic transfers, to avoid delay in payments, please request your remitters to indicate SCBSL’S BIC (SCBLSG22) when initiating telegraphic transfers to your accounts with SCBSL. Inward Telegraphic Transfers will not be rejected at this point

  • For Local SGD transfers: No action is required of you. All partner banks have been informed about the termination of our old BIC and should have updated their FAST payee and Interbank GIRO records with our new BIC (SCBLSG22) by 26 June 2020. If a fund transfer fails, please check that the new BIC (SCBLSG22) is selected. Otherwise, contact the remitter bank for assistance.

    For International Remittances: Please request your remitter to use the new BIC (SCBLSG22).

  • There is no change to your existing account payee setup and no action is required from you.

  • There will be no impact to your outgoing payments and they will continue to be processed by Standard Chartered Bank (Singapore) Limited using the new BIC (SCBLSG22). No action is required of you.