Everyone dealing with international remittance and transfer must have known that there is a certain code to use, namely SWIFT code. Why is this code required to perform international fund transfer, especially the one that involves telegraphic transfer?
For your information, your bank will deliver money through a set of correspondence processes. Hence, this code will ensure that the right bank will become the fund receiver. In short, SWIFT code is used to ensure the delivery is conducted properly.
Talking about SWIFT code, you may come here in need of UBS Bank Singapore SWIFT code. What is the SWIFT code of this bank? The code of UBS Bank Singapore is UBSWSGSGXXX.
Now you may wonder, is it a random sequence of letters? Well, it has a meaning behind the code. The first four letters represent the bank’s name itself (UBSW). Then, the next two letters are the country code (SG), as well as the other two letters that come up as the branch code (SG). The XXX is optional and can be dismissed, leaving the SWIFT code to be 8-digit only.
In some banks, there may be several SWIFT codes whose length varies from 8-11 digits. These digits may come in letters only or simply a combination between letters and numbers. Set by the bank, it is important that you know this code before paying your money to your payee. See the list below if you are looking for this bank’s other SWIFT codes.
|Detailed information about SWIFT Code UBSWSGSG|
|Swift code (8 characters)||UBSWSGSG|
|Branch name||UBS AG SINGAPORE BRANCH|
|Branch address||SUNTEC CITY TOWER, 18-00, 5 TEMASEK BOULEVARD|
|Bank name||UBS AG SINGAPORE BRANCH|
|SWIFT Code UBSWSGSG Breakdown|
|SWIFT Code||UBSWSGSG or UBSWSGSGXXX|
|Bank Code||USBW - code assigned to UBS AG SINGAPORE BRANCH|
|Country Code||SG - code belongs to Singapore|
|Location Code||SG - code represents the institution location|
|Code Status||G - G means active code|
|Branch Code||not assigned or XXX - code indicates this is a head office|