In today's interconnected global economy, cross-border fund transfers have become a routine part of financial transactions. But how much do you know about the role of a simple SWIFT/BIC code in ensuring your money reaches its intended destination safely? This article examines the SWIFT code of DHAKA BANK PLC—DHBLBDDH110—and its significance in international banking.
The Importance of SWIFT Codes in International Transfers
SWIFT codes (also known as BIC codes) serve as the standard for communication between banks across borders. The code DHBLBDDH110 for DHAKA BANK PLC contains specific information about the bank, including:
- Bank Name : DHAKA BANK PLC
- City : DHAKA
- Address : SUMMIT CENTER, FLOOR 1, 18 KAWRAN BAZAR, DHAKA, DHAKA, 1215
- Country : BANGLADESH
For customers initiating international transfers, using the correct SWIFT code is critical. It not only ensures accurate delivery of funds but also significantly impacts the speed and security of the transaction.
Key Considerations When Using SWIFT Codes
When sending money to DHAKA BANK PLC, the code DHBLBDDH110 must be used to guarantee proper routing. Additionally, these factors should be verified:
- Bank Verification : Confirm the bank name matches the recipient's financial institution.
- Branch Details : If using a branch-specific SWIFT code, ensure it corresponds to the recipient's branch.
- Country Accuracy : The SWIFT code contains country identifiers—verify they match the destination country.
These precautions serve dual purposes: reducing potential delays in processing and ensuring funds reach the correct account. An incorrect SWIFT code could result in delayed transfers or even failed transactions—a situation no sender wants to encounter.
Why Proper SWIFT Code Usage Matters
Understanding and correctly using SWIFT codes is fundamental for secure and efficient international transfers. For transactions involving DHAKA BANK PLC, the code DHBLBDDH110 acts as a safeguard, directing funds precisely to their destination. Before initiating any cross-border payment, always double-check the SWIFT code—this simple step serves as your financial transaction's most reliable protector.