With effect from 29th June 2020, Standard Chartered Bank will operate under a new SWIFT Bank Identifier Code (“BIC”) and Bank Code. The new BIC and Bank Code are set out in the table below.
To make a new fund transfers from OCBC Bank accounts to STANDARD CHARTERED BANK Singapore’s accounts- please select the new Standard Chartered BIC code.
These changes are relevant to transactions involving a transfer of funds to Retail Banking or Business Banking accounts, and are applicable to all Fast and Secure Transfer (FAST), inter-bank GIRO, MAS Electronic Payment System (MEPS) and Telegraphic Transfers transactions intended for accounts with Standard Chartered Bank (Singapore) Limited (SCBSL).
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Standard Chartered Bank Singapore
(Payment instructions to these accounts should contain the new bank identifier codes)
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Applicable Businesses:
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- Retail Banking (Retail + Wealth)
- Business Banking
- Corporate & Institutional Banking
- Commercial Banking
- Private Banking
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Bank Code:
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9496
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SWIFT Bank Identifier Code (BIC):
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SCBLSG22
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FAST bank description:
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Standard Chartered Bank Singapore
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Short name displayed in OCBC ATM fund transfer screen
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SCB-SG
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For more information, please visit https://www.sc.com/sg/important-information/new-bank-identifier-code/
What do I need to do if I have set up fund transfer payee to Standard Chartered Bank?
New banking details will be required for funds transfer to Standard Chartered Bank Singapore’s accounts from 29 June 2020 onwards.
- If you have added FAST / GIRO payee or have set up future-dated or recurring FAST / GIRO transfers to “Standard Chartered Bank” Account(s) (the “Payee”), OCBC Bank will convert the banking details of the Payee from “Standard Chartered Bank” to “Standard Chartered Bank Singapore”, without any action required of you. This includes changing a new BIC/Bank code.Please note that OCBC Bank will make these changes without any further instruction from you.
- For the remaining affected Payees that were not converted to the new banking details, please use the steps detailed in Point 6 below to delete your existing payee details and add a new payee with the correct details.
Important: Transfers made to an account with incorrect Standard Chartered Bank entity selected will be rejected by Standard Chartered Bank and you may incur additional charges.
How will i know if OCBC has make the change for me?
You can see the changes in the “Payee details” .
You will see the bank name changed from “Standard Chartered Bank” to “Standard Chartered Bank Singapore”.
Will OCBC be changing all my fund transfer payees to Standard Chartered Bank Singapore for me?
OCBC will help you to change the banking details for FAST / GIRO / MEPS payees.For other fund transfers (Telegraphic Transfers), please use the steps detailed in Point 6 (question 5) below to delete your existing payee details and add a new payee with the correct details. If you are unsure, please check with your beneficiary or Standard Chartered Bank before you set up or perform a transfer to your payee. Transfer made to an account with incorrect Standard Chartered Bank entity selected will be rejected by Standard Chartered Bank and you may incur additional charges.
I need to do a funds transfer to Standard Chartered Bank now. What should I do?
You can select Standard Chartered Bank Singapore entity from the drop down list.
How do I delete the existing Standard Chartered Bank payee and create a new payee with the new entity Standard Chartered Bank Singapore?
- Login to OCBC Internet Banking.
- On the “Payments & transfers” tab of the top navigation, select “To an account” in the dropdown menu.
- Select “Add & manage payees” on the left menu.
- Select the affected Standard Chartered payee that you wish to delete and click on “Delete account”.
- Click on “Add account” under the category “Accounts at other banks in Singapore” or “Bank accounts overseas”. Select “Standard Chartered Bank Singapore” as the bank name.
- Fill in the required details and an SMS or Hardware Token OTP or One token confirmation will be required to successfully add the new Standard Chartered Bank Singapore payee with the updated details.
How do I delete the existing Standard Chartered Bank Telegraphic Transfer transactions (Recurring / Future-dated) and Add Payee for Telegraphic Transfer with the new entity Standard Chartered Bank (Singapore) Limited?
- Login to OCBC Internet Banking.
- On the “Payment & transfer” tab of the top navigation, select “Transfer funds” in the dropdown menu.
- Select “Manage future-dated and recurring transfer” on the left menu.
- Click on “Delete” for the corresponding funds transfer to the affected Standard Chartered Singapore banking account.
- Select the recurring/ future transfers scheduled and click on “Delete Selected".
- Ensure that the status is changed to “Deleted”.
- After deletion, select “Add & manage payees” on the left menu.
- Select the affected Standard Chartered banking accounts that you wish to delete and click on “Delete account”.
- Click on “Add account” under the category “Bank accounts overseas”. Select “Standard Chartered Bank (Singapore) Limited” as the bank name.
- Fill in the required details and a token password will be required to successfully add the new Standard Chartered Bank Singapore payee with the updated details.
- Select “Make a transfer” on the left menu.
- Click on make a transfer “to a bank account overseas”.
- Enter the details of the transfer and click on “Submit”.
