Navigating international wire transfers can be complex, but ensuring your funds reach the intended account doesn't have to be. The key tool you need? A SWIFT/BIC code . This article provides a detailed breakdown of the SWIFT code for MUTUAL TRUST BANK PLC. and explains its critical role in global transactions.
Understanding MUTUAL TRUST BANK PLC.'s SWIFT Code
The SWIFT code for MUTUAL TRUST BANK PLC. is MTBLBDDHAGB . This unique identifier plays a vital role when processing cross-border transactions through the SWIFT network. It specifically identifies the recipient's bank and branch location, ensuring funds are transferred accurately to the designated account.
Headquartered in Chittagong, Bangladesh, the bank's complete address is: Akhtaruzzaman Centre, Floor 2, 21-22, Agrabad Commercial Area, Chittagong, Chittagong, 4100 . Whether sending funds to MUTUAL TRUST BANK PLC. or receiving international wires from this institution, using the correct SWIFT code is essential for successful transactions.
Why SWIFT Code Accuracy Matters
Verification and regular updates of SWIFT codes are crucial when initiating international transfers. While some countries or specific transaction types might not require a SWIFT code, it's always advisable to confirm this information with the recipient or their bank before initiating a transfer to prevent potential errors and processing delays.
By understanding these critical details, both individual users and corporate clients can conduct international wire transfers with greater confidence and efficiency. Proper use of SWIFT/BIC codes provides an additional layer of security for global financial transactions.