
So you're trying to understand POSB Bank's Swift BIC code in Singapore? The POSB Bank Swift BIC code is POBKSGSGXXX, which is a unique identifier used for international transactions.
This code is made up of a combination of letters and numbers that represent the bank, country, and location. The first four letters "POBK" stand for the bank's name, followed by the country code "SG" for Singapore, and finally "XXX" for the location.
If you're trying to send or receive international funds, you'll need to use the correct Swift BIC code to ensure the transaction goes through smoothly.
What Is a
A POSB Bank SWIFT/BIC code is a unique identifier used for international wire transfers and other financial transactions.
It's a combination of letters and numbers that represents the bank's location and identity.
The SWIFT code is usually 8-11 characters long and consists of a combination of letters and numbers.
The BIC (Bank Identifier Code) is a subset of the SWIFT code and is usually 4 characters long.

The BIC is used to identify the bank's location and is usually the same as the first 4 characters of the SWIFT code.
The SWIFT code is used to facilitate international wire transfers and other financial transactions.
It helps to ensure that the funds are transferred to the correct account and bank.
Why Need SWIFT Code?
You'll need a POSB SWIFT code for international transfers to a POSB bank account in Singapore. This is because you'll be asked for a BIC/SWIFT code along with bank address details.
Traditional banks can be slow and expensive for international money transfers. Try Wise for fast, cheap and secure international money transfers.
Confirming and Validating SWIFT/BIC Codes
Always confirm the details with your recipient, especially the SWIFT code, to avoid any potential issues with money transfers.
You should check the SWIFT code with your recipient or bank before sending or receiving money.
If you think you've used the wrong SWIFT code, get in contact with your bank right away to see if they can cancel the transaction.
Validate a SWIFT code before a money transfer to ensure it's valid.
If it's too late to cancel a transaction, you might have to contact the recipient yourself and request that they return your money.
Understanding SWIFT/BIC Code Structure
A SWIFT/BIC code is an 8-11 character code that identifies a specific bank and branch. It's usually used for international wire transfers.
The code is divided into four parts: the bank code, branch code, account number, and check digit. The bank code is the first 4 characters, which identify the bank.
Each character in the code has a specific meaning, such as the country code, which is the first two characters. The country code is used to identify the country where the bank is located.
The SWIFT/BIC code for POSB Bank in Singapore is POSBSGSGXXX.
Finding and Checking SWIFT/BIC Codes
Each POSB branch has a unique SWIFT code, so it's essential to check the correct code for your branch to ensure smooth transactions.
You can find the correct SWIFT code for your POSB branch on the bank's website or by contacting the bank directly.
If you're unsure or can't find the branch code, you can use the 8-character head office SWIFT code, DBSSSGSGXXX, and your payment will still reach your account.
Does Vary Across DBS Branches in Singapore?
The SWIFT code for DBS/POSB remains the same across all branches in Singapore.
However, different branches may have different bank and branch codes, so it's essential to confirm the correct information with your recipient or with the bank directly.
How to Find Your
To find your POSB SWIFT code, look no further than your bank's website or contact them directly. The code is DBSSSGSGXXX.
You can also find the BIC code for POSB, which is the same as its SWIFT code, DBSSSGSGXXX.
To ensure you get the correct code, make sure to check it against the bank's website or contact them directly.
If you're unsure about your account number, don't worry! If it has 10 digits, the first 3 digits will be your branch code. If it has 9 digits, your branch code will be "081".
Singapore
Singapore has a specific POSB SWIFT code that applies to all bank branches in the country. The code is DBSSSGSG.
POSB is a subsidiary of DBS Bank Ltd, a well-established bank in Singapore. The bank's head office is located at the Marina Bay Financial Centre on Marina Boulevard.
Frequently Asked Questions
Is SWIFT BIC code same for all branches?
A bank's SWIFT BIC code may be the same for all branches or unique to each branch, depending on the bank's policy. If unsure, using the bank's head office code is usually a safe option.
Sources
Featured Images: pexels.com