SGD – Singapore Dollar
The payment processing of this currency is considered to be highly standardised.
- Currency Guidelines
Besides the standard information, the full name (written out in full, without initials, abbreviations or acronyms) of the beneficiary as well as the beneficiary address are mandatory.
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789Payments in SGD toward Singapore
Besides the standard information, it is important to note that the IBAN format is not in use in Singapore.Payments in SGD outside Singapore
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR/SHA/BEN
• Central Bank of Singapore: http://www.mas.gov.sg/