In today's globalized financial landscape, secure and timely cross-border transactions have become indispensable for both businesses and individuals. For those dealing with emerging markets like Bangladesh, selecting the right bank and understanding its SWIFT/BIC code is crucial to ensuring funds reach their intended recipients safely. This article provides a comprehensive overview of ISLAMI BANK BANGLADESH PLC's SWIFT code information to facilitate successful international money transfers.
Understanding the SWIFT Code
The SWIFT/BIC code for ISLAMI BANK BANGLADESH PLC is IBBLBDDH105 . This unique identifier serves as the critical element for international bank transfers, guaranteeing that funds are routed correctly and securely to the designated account. The bank's headquarters are located at 93 Chawk Mugaltuly, Dhaka, Dhaka, 1000 in Bangladesh's capital city.
Key Considerations for International Transfers
When initiating a transfer, it's important to understand how currency conversion and fees may affect the final amount received. For example, if you send $10,000.00 USD to France, the recipient would typically receive approximately €8,409.00 after accounting for exchange rates and applicable bank charges. These variations underscore the importance of researching transaction costs before initiating cross-border payments.
Standard SWIFT transfers through ISLAMI BANK BANGLADESH PLC generally require about three business days to complete. This processing time is particularly significant for commercial transactions where timing is critical. To minimize potential delays and additional fees, ensure all transfer details are accurate, including:
- Correct recipient account information
- Accurate SWIFT/BIC code
- Proper payment method selection
Maintaining Transfer Security
SWIFT codes are periodically updated, making it essential to verify the most current information before each international transaction. This simple precaution enhances transfer security and helps prevent potential issues caused by using outdated codes, which could lead to fund delays or losses.
By familiarizing yourself with ISLAMI BANK BANGLADESH PLC's SWIFT code and related banking details, you can confidently execute secure international money transfers. Whether for personal remittances or business transactions, this fundamental knowledge facilitates seamless global financial operations.