In the world of international money transfers, the correct SWIFT/BIC code serves as the cornerstone for secure and efficient fund transfers. Selecting an incorrect SWIFT code can lead to significant delays or complete transaction failures, creating unnecessary complications for both senders and recipients.
MUTUAL TRUST BANK PLC. (MTBLBDDH)
Mutual Trust Bank PLC, headquartered in the scenic port city of Chittagong, Bangladesh, has established itself as a provider of reliable financial services in the region.
- Bank Name: MUTUAL TRUST BANK PLC.
- City: CHITTAGONG
- Address: AMAFHHA CENTER, 214 JUBILEE ROAD, CHITTAGONG, CHITTAGONG, 4000
- Country: BANGLADESH
- SWIFT Code (8 characters): MTBLBDDH
- Branch Code: JUB
Essential Verification Steps for International Transfers
Financial institutions emphasize the importance of proper verification procedures before initiating cross-border transactions:
- Information Verification: Double-check all banking details, especially the SWIFT code, before submitting transfer requests.
- Bank Communication: Immediately contact the involved financial institutions if any discrepancies or questions arise regarding transfer information.
- Risk Mitigation: Prevent potential fund loss or transfer delays by ensuring all entered information matches official banking records.
The banking industry continues to stress that proper use of SWIFT codes remains fundamental to maintaining efficient global financial operations. Financial experts note that attention to detail in international transactions significantly reduces operational risks and enhances transaction success rates.