In today's increasingly globalized world, cross-border fund transfers have become an integral part of daily life. Whether paying for overseas education or supporting family members abroad, international money transfers are a common financial service for many individuals. To ensure funds reach their intended destination accurately, understanding bank SWIFT/BIC codes is crucial.
Understanding the SWIFT/BIC System
The code MTBLBDDHBBB represents the SWIFT/BIC identifier for Bangladesh's Mutual Trust Bank PLC. SWIFT codes, officially known as Society for Worldwide Interbank Financial Telecommunication codes, serve as standardized identifiers for global banking transactions—functioning similarly to postal codes in international mail systems. These alphanumeric codes ensure funds are routed correctly during international transfers, preventing delays or misdirected payments caused by coding errors.
Key Details for Mutual Trust Bank PLC
The SWIFT/BIC code MTBLBDDHBBB facilitates the smooth transfer of funds to Mutual Trust Bank PLC's headquarters in Dhaka. The bank's complete address is:
- Babu Bazar, Floor 1
- 15 Armenian Street, Aman Court
- Armanitola, Dhaka 1100
- Bangladesh
Best Practices for International Transfers
When initiating a transfer, senders should meticulously verify all transaction details, with particular attention to:
- The complete and accurate SWIFT/BIC code
- Recipient bank's official name
- Precise branch address and city location
Incorrect banking information may result in payment delays or even lost transactions, creating unnecessary complications for all parties involved.
Why SWIFT Remains the Global Standard
The SWIFT network continues to dominate international finance due to its universal acceptance and robust security protocols. This system enables efficient and reliable cross-border payments whether you're an expatriate in Bangladesh or a resident sending funds to family members in the country.
Important Considerations
Transaction fees and processing times vary significantly depending on the financial institutions involved and the transfer amount. Before completing any international transfer, individuals should confirm:
- Applicable service charges
- Currency conversion rates
- Estimated delivery timeframe
Understanding these fundamental aspects empowers individuals to conduct international transactions with confidence, ensuring their funds reach the intended destination securely and without complications.