Navigating international money transfers can often feel like a complex endeavor in today's interconnected financial landscape. For those choosing to send funds through DHAKA BANK PLC., understanding and correctly using the bank's SWIFT code is crucial for ensuring secure and efficient cross-border transactions.
What Is a SWIFT Code?
A SWIFT code (also known as a BIC - Bank Identifier Code) is a standardized format approved by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to uniquely identify financial institutions globally. This code plays a vital role in facilitating accurate routing of international payments.
For DHAKA BANK PLC. in Dhaka, Bangladesh, the complete SWIFT code is DHBLBDDH105 . This specific identifier corresponds to the bank's registered address at 26-29 Sim.Maleh Road Tambazar, Dhaka, 1604, Bangladesh. When initiating an international transfer to this institution, using the correct SWIFT code ensures your funds reach their intended destination without unnecessary delays.
Why Accuracy Matters in International Transfers
The precision of banking details becomes particularly critical when using the SWIFT network for cross-border transactions. The code DHBLBDDH105 serves multiple functions: it identifies DHAKA BANK PLC. as the recipient institution while also specifying its exact location in Dhaka. This level of detail significantly reduces the risk of funds being misdirected or delayed due to incorrect banking information.
Financial experts emphasize that overlooking the importance of SWIFT codes remains one of the most common—and easily avoidable—causes of international payment delays. Verifying the accuracy of DHBLBDDH105 before submitting any transfer request can prevent potential complications and ensure smoother transaction processing.
Best Practices for International Money Transfers
When preparing an international payment to DHAKA BANK PLC., financial institutions recommend double-checking all transfer details, with particular attention to the SWIFT code. While the bank's primary identifier is DHBLBDDH105 , it's also advisable to confirm the current code with the recipient or through official banking channels, as SWIFT codes can occasionally change due to branch reorganizations or other operational adjustments.
Understanding and correctly applying SWIFT codes like DHBLBDDH105 represents a fundamental aspect of modern international banking. By paying attention to these critical details, individuals and businesses can navigate global financial transactions with greater confidence and efficiency.