Receiving an international wire transfer at CIMB Bank
When receiving an international wire transfer at CIMB Bank, you will typically need to provide specific bank codes to ensure the smooth processing of the transaction. Here are the commonly used bank codes for CIMB Bank:
SWIFT Code: The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code for CIMB Bank is CIBBMYKL. This code is used to identify CIMB Bank as the recipient bank in international wire transfers. You or the sender will need to provide this code to ensure the transfer reaches CIMB Bank correctly.
Bank/Branch Code: CIMB Bank also uses a bank and branch code system for domestic transfers within Malaysia. However, for international wire transfers, the SWIFT code mentioned above is the primary code required. The bank/branch code is not typically necessary for international transfers.
Account Number: In addition to the bank codes, you will need to provide your CIMB Bank account number. This account number ensures that the funds are credited to the correct account within CIMB Bank.
When receiving an international wire transfer, it is crucial to provide accurate and complete information to the sender, including your full name, bank account number, and the CIMB Bank SWIFT code (CIBBMYKL). Additionally, it is recommended to communicate with CIMB Bank directly or visit their website to obtain the most up-to-date and accurate information regarding the bank codes required for receiving international wire transfers.
What is the
CIMB Bank Send Money conversion rate for SGD to LKR?
The CIMB Bank SGD to LKR exchange rate is 222.31. This is -5.3% compared to the latest SGD-LKR mid-market rate 234.87.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Singapore dollar (SGD) to Sri Lankan rupee (LKR) rates from different sources before making a conversion.
The above
CIMB Bank - Singapore dollar to Sri Lankan rupee comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
CIMB Bank and other foreign exchange providers against the latest SGD-LKR mid-rate and the possible savings of using various providers.
How do CIMB Bank SGD-LKR rates compare between providers?
Looking at the full
SGD to LKR - Send Money comparison table the provider with the best SGD to LKR exchange rate is XE at 233.46, -0.6% from the latest mid-market rate 234.87.
The next best is Wise at 233.46, -0.6% from the mid-rate.
Then WorldRemit at 232.52, which is -1% from the mid-rate.
Among the banks the CIMB Bank rate is 222.31 at -5.3% the OCBC Bank rate is 228.53 at -2.7% and the Maybank rate is 226.65 at -3.5% compared to the mid-rate 234.87.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like CIMB Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.