Last reviewed: · Curated by Ohmyfin Organisation editorial.
Singapore's banking system runs on MEPS+ (MAS Electronic Payment System) and FAST (instant). The country's currency is the SGD. The major banks below handle the vast majority of inbound and outbound SWIFT payments to Singapore.
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If you received a payment document from a third party, verify directly with your own bank before releasing goods or funds. Fake MT103 / pacs.008 confirmations are widely used in advance-fee scams. See our fraud guide →
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Details
Singapore runs its domestic interbank settlement on MEPS+ (MAS Electronic Payment System) and FAST (instant). International SWIFT payments arrive at one of the major correspondents listed below before being credited via the domestic system.
Top banks in Singapore: DBS Bank (DBSSSGSG, Singapore), OCBC (OCBCSGSG, Singapore), UOB (UOVBSGSG, Singapore).
DBS Bank — SWIFT/BIC DBSSSGSG, headquartered in Singapore. Largest bank in Southeast Asia; major SGD / USD clearer.
UOB — SWIFT/BIC UOVBSGSG, headquartered in Singapore. Major regional bank; SME and trade finance focus.
If you have sent or received a SWIFT payment routed through any of these banks, you can verify it for free on Ohmyfin. Paste the 36-character UETR (from your MT103 or pacs.008 confirmation) into the homepage tracker to see the latest available SWIFT status — settled, in flight, pending compliance, or rejected.
Key facts
Country: Singapore (SG)
Currency: SGD
Domestic settlement: MEPS+ (MAS Electronic Payment System) and FAST (instant)
Number of major banks listed: 3
Trackable on Ohmyfin: yes — free via UETR
Frequently asked questions
What are the major banks in Singapore?
The largest banks in Singapore include DBS Bank, OCBC, UOB.
What is the SWIFT code for DBS Bank?
DBS Bank's primary SWIFT/BIC is DBSSSGSG (head office in Singapore). Branches use 11-character extensions of this code.
How are domestic payments settled in Singapore?
MEPS+ (MAS Electronic Payment System) and FAST (instant)
How do I track a SWIFT payment to or from Singapore?
Paste the UETR into the Ohmyfin tracker. You will see the latest available SWIFT status in seconds — including which correspondent bank in Singapore (or the international intermediary) is currently holding the payment.
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