Have you ever experienced delays or misdirected funds when making international transfers? Such issues often stem from the effectiveness of interbank communication. For DHAKA BANK PLC , a prominent financial institution in Bangladesh, its SWIFT/BIC code DHBLBDDH 104 serves as an essential identifier in cross-border transactions.
The SWIFT/BIC code DHBLBDDH 104 precisely identifies DHAKA BANK PLC, located at IMAMGANJ BAZAR, 1 IMAMGANJ LANE, DHAKA, DHAKA, 1100 in Bangladesh's capital. Accuracy in entering this information is paramount to prevent unexpected issues or delays in international fund transfers.
SWIFT codes (Society for Worldwide Interbank Financial Telecommunication) represent the standardized format required for international bank transfers. These codes enable financial institutions to quickly and accurately identify transaction counterparts. When sending or receiving international payments, providing the correct SWIFT/BIC code of the recipient bank is mandatory. Using the precise code DHBLBDDH 104 significantly reduces the risk of transfer errors caused by incorrect information.
Verifying bank details before initiating transfers is crucial. Confirming the bank name, branch location, and country ensures smooth transaction processing. Many banks operate multiple global branches, each potentially having distinct SWIFT codes. An incorrect code may result in funds being transferred to the wrong account or create complex financial complications.
DHAKA BANK PLC maintains the accuracy and current status of its SWIFT/BIC code to provide customers with up-to-date information. Customers are advised to maintain clear communication with their banks during transactions, verifying each step to safeguard funds. For those initiating international transfers for the first time, understanding basic SWIFT/BIC code functionality proves valuable for making informed decisions.
Beyond SWIFT codes, successful international transfers require attention to bank fees, exchange rates, and other potential charges, all of which may affect the transfer amount and processing time. Thorough preparation, information verification, and communication are recommended before executing transactions. For users conducting international transfers through DHAKA BANK PLC, the code DHBLBDDH 104 serves as a fundamental element in ensuring secure and efficient fund transfers.