What is Branch Code for POSB?
The branch code for POSB (Post Office Savings Bank) in Singapore is 7171.
What is a Branch Code?
A branch code is a unique identifier assigned to each branch of a bank. It is used to ensure that financial transactions are processed correctly and routed to the appropriate location.
Why is a Branch Code Important for POSB?
Knowing the branch code for POSB is important for the following reasons:
- Making Deposits or Withdrawals: When visiting a POSB branch to deposit or withdraw cash, you will be required to provide the branch code associated with your account.
- Online Banking: When transferring funds online, you may need to specify the branch code of the recipient’s account.
- Cheque Payments: Writing a cheque requires you to indicate the branch code of the issuing bank.
- Other Transactions: The branch code may also be required for other banking transactions, such as direct debits, standing orders, and foreign exchange.
How to Find Your POSB Branch Code
Your POSB branch code can be found in the following ways:
- Passbook or Statement: Check the front page of your POSB passbook or bank statement.
- ATM Receipt: After withdrawing cash from a POSB ATM, the receipt will display the branch code.
- Internet Banking: Log in to your POSB online banking account and navigate to the “Account Details” section.
- Customer Service: Call POSB’s customer service hotline at 1800-365-6666 and provide your account number.
Conclusion
The branch code for POSB is 7171. Knowing this code is essential for various banking transactions, including deposits, withdrawals, online banking, and cheque payments. By providing the correct branch code, you ensure that your financial transactions are processed accurately and securely.
