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SGD – Singapore Dollar

Overview

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 is recommended.

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° 123456789

Payments 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

Standard information

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES
Additional information

• Available charge options: OUR/SHA/BEN

• Central Bank of Singapore: http://www.mas.gov.sg/