In the process of international money transfers, ensuring that funds reach the intended bank accurately and promptly is crucial. Different banks have unique SWIFT/BIC codes, which serve as identifiers for cross-border transactions and play a vital role in securing the safety and efficiency of payments. For instance, MUTUAL TRUST BANK PLC. in Bangladesh uses the SWIFT/BIC code MTBLBDDHBBB , pinpointing its location within the global payment network.
Located at BABU BAZAR, FLOOR 1, 15 ARMENIAN STREET, AMAN COURT, ARMANITOLA, DHAKA, DHAKA, 1100, BANGLADESH , the bank relies on its SWIFT code to facilitate seamless international transactions. This alphanumeric identifier ensures that funds are routed correctly to the specified branch, minimizing errors and delays.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes consist of 8 to 11 characters, uniquely identifying financial institutions and their respective branches. These codes enable secure and rapid communication between banks, streamlining cross-border fund transfers. When initiating an international payment, accuracy in entering the SWIFT code is essential to prevent misrouting and potential financial losses.
As global economic integration deepens, understanding and correctly using SWIFT codes—such as MTBLBDDHBBB for MUTUAL TRUST BANK PLC.—becomes indispensable. Whether for business transactions or personal remittances, this knowledge ensures smoother financial operations. Proper utilization of SWIFT codes enhances confidence in international banking, safeguarding the security and timely delivery of funds.