When sending money internationally, ensuring that funds reach the intended destination securely and without delays is a top priority. The use of SWIFT/BIC codes plays a crucial role in facilitating seamless cross-border transactions. For instance, the SWIFT code DBBLBDDH101 precisely identifies the Purbani Annex branch of Dutch-Bangla Bank PLC in Dhaka, Bangladesh.
SWIFT codes are indispensable in international banking. They not only identify the recipient bank but also help expedite the transfer process while minimizing errors. These codes typically consist of 8 to 11 alphanumeric characters, each segment representing specific details such as the bank, country, location, and branch. Understanding these components is essential to avoid complications in fund transfers.
Key Details of Dutch-Bangla Bank PLC's SWIFT Code
- Bank Name: Dutch-Bangla Bank PLC
- SWIFT Code: DBBLBDDH101
- City: Dhaka
- Address: Purbani Annex, 1, Dilkusha C/A, Dhaka, 1000
- Country: Bangladesh
Verification Steps Before Initiating a Transfer
To prevent errors and delays, always verify the following details:
- Bank Name: Ensure the exact name of the recipient bank matches the provided SWIFT code.
- Branch Specifics: If a branch-specific code is used, confirm that the recipient’s account is held at that branch.
- Country: Verify that the SWIFT code corresponds to the recipient’s country to avoid misrouting.
Using an incorrect SWIFT code can result in funds being sent to the wrong account, leading to financial losses and time-consuming recovery efforts. Double-checking these details enhances both efficiency and security in international transactions.
In today’s globalized banking landscape, familiarity with SWIFT/BIC codes and international transfer protocols is a vital skill for individuals and businesses alike. Proper usage ensures smooth, secure, and timely cross-border payments.