In global financial transactions, SWIFT/BIC codes play a critical role. Whether for cross-border payments or domestic transfers, using the correct bank identifier helps prevent delays and misdirected funds. This article examines the DHBLBDDH110 SWIFT/BIC code to facilitate seamless transfers to Dhaka Bank PLC.
Breaking Down the SWIFT/BIC Code Structure
SWIFT/BIC codes consist of 8 to 11 alphanumeric characters, each conveying specific information:
- Bank Code (DHBL): Identifies Dhaka Bank PLC as the recipient institution.
- Country Code (BD): Specifies Bangladesh as the bank's registered country.
- Location Code (DH): Indicates the bank's headquarters location (Dhaka).
- Branch Code (110): Identifies a specific branch. An "XXX" suffix denotes the head office.
Essential Verification Steps Before Transferring Funds
To ensure successful transactions, verify these key details:
- Bank Name Accuracy: Confirm the recipient bank name exactly matches the SWIFT code's corresponding institution.
- Branch Specification: When using a branch-specific code, verify the intended branch exists within the recipient's banking network.
- Country Alignment: Cross-check that the SWIFT code's country matches your transfer destination, as multinational banks operate across jurisdictions.
Optimizing International Money Transfers
Selecting reputable transfer services can enhance transaction efficiency and customer support. Proper SWIFT/BIC code usage combined with reliable platforms helps minimize processing errors and financial losses during international transfers.
Mastering SWIFT code application becomes invaluable for global transactions, allowing individuals and businesses to focus on core activities rather than resolving transfer complications.