Payout guide

SGD

♦ SWIFT (Wire Transfer)

Delivery Time: Same Day Value

Beneficiary Information

  • Full Beneficiary Name

  • Beneficiary Country

  • Beneficiary Address:  (Zip Code, Street, City, Province or State).

Beneficiary Bank Details

  • Beneficiary Account Number: 5–14 digits.

  • Beneficiary Bank BIC/SWIFT: 8 or 11 characters.

  • Beneficiary Bank Routing Code: 7-digit.

  • Purpose of Payment

Possible Purpose: Advertising Fees, Expense Reimbursement, Financial Services, Legal Services, Medical Reimbursement, Payroll, Processing, Trade Related Services, Transaction between Banks, Transportation Costs, Travel Related Services, Personal, Other.

  • Reference: Monix allows you to submit maximum 50 characters for reference, but the length shown is depend on the beneficiary bank.

Recommended

  • Beneficiary Bank Branch Address

Notes

Payments to HSBC Singapore should use the following SWIFT Codes regardless of currency:

– “RETAIL/PERSONAL” accounts use SWIFT Code HSBCSGS2, Bank Code must be 9548.

– “CORPORATE” accounts use SWIFT Code HSBCSGSG, Bank Code must be 7232.


♦ Local Settlement

Delivery Time: Four Day Value

Beneficiary Information

  • Full Beneficiary Name

  • Beneficiary Country

  • Beneficiary Address:  (Zip Code, Street, City, Province or State).

Beneficiary Bank Details

  • Beneficiary Account Number: 5–11 digits.

  • Beneficiary Bank BIC/SWIFT: 8 or 11 characters.

  • Beneficiary Bank Routing Code: 7-digit.

  • Singapore Branch Code: Account numbers first 3 digits typically contains the first 3 of branch code (Please be aware this may not be the case for all banks in Singapore).

  • Beneficiary Bank Country: Singapore

  • Purpose of Payment

Possible Purpose: Advertising Fees, Expense Reimbursement, Financial Services, Legal Services, Medical Reimbursement, Payroll, Processing, Trade Related Services, Transaction between Banks, Transportation Costs, Travel Related Services, Personal, Other.

  • Reference: Monix allows you to submit maximum 50 characters for reference, but the length shown is depend on the beneficiary bank.


♦  ADDITIONAL CONSIDERATIONS:

SGD-ACH payments are only available for beneficiaries located in Singapore.

ACCOUNT NUMBER FORMAT FOR CUSTOMERS OF HSBC, OCBC & SBI Customers of The Hong Kong and Shanghai Banking Corporation (HSBC), Overseas-Chinese Banking Corporation Limited (OCBC) and State Bank of India (SBI) must now use the full account number. The full account number includes the branch code followed by the existing account number. It is a 10 or 12 -digit number forOCBC, 12 -digit number for HSBC and 14- digit for SBI. See below for an example of the account number change.

Bank               Account Type              Branch Code                Before                            After

HSBC            Current & Savings           146                          123456789                  146123456789

OCBC            Savings,Current               550                   1234567,123456789      5501234567,550123456789

SBI                 Current                                277                       12345678901                22712345678901


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