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Important Information

Important Notice: New Bank Identifier Code (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.

Please note that any FAST or Interbank GIRO transactions received under the old BIC after 26 June 2020 will be rejected.

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
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.

    All partner banks have been notified about the termination of our old BIC and they should have updated their payee and Interbank GIRO records with our new BIC (SCBLSG22) by 26 June 2020 in order to avoid any rejections.

  • No action is required from you. All partner banks have been informed about the termination of our old BIC and should have updated their payee and Interbank GIRO records with our new BIC (SCBLSG22) by 26 June 2020. Otherwise, any FAST or Interbank GIRO transactions received after 26 June 2020 will be rejected.

  • The remitter should select “Standard Chartered Bank Singapore” or “Standard Chartered Bank (Singapore) Limited” when adding you as a payee via online or mobile banking.

  • 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 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 is no impact to PayNow transfers to SCBSL clients and you may continue making the transactions as usual.

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