In today's globalized financial landscape, cross-border transactions have become increasingly commonplace. One critical component that facilitates these international transfers is the SWIFT code (also known as a BIC code). These standardized identifiers play a vital role in connecting financial institutions worldwide and ensuring funds reach their intended destinations securely.
The Vital Role of SWIFT Codes
SWIFT codes serve as a universal identification system for international financial transactions. Each participating bank is assigned a unique code that enables precise routing of funds across borders. For DHAKA BANK PLC in Bangladesh, this identifier is DHBLBDDH109 .
The complete banking details associated with this code include:
- Bank Name: DHAKA BANK PLC.
- City: DHAKA
- Address: MOMTAZ PLAZA, FLOOR 1, 4 7 ROAD, DHANMONDI RESIDENTIAL AREA, DHAKA, DHAKA, 1205
- Country: BANGLADESH
Why Accuracy Matters
When initiating transfers to DHAKA BANK PLC, the correct SWIFT code DHBLBDDH109 becomes crucial for successful transaction processing. Even minor errors in this identifier can result in funds being misdirected or becoming unrecoverable. This applies equally to corporate transactions and personal remittances.
Financial experts emphasize that complete accuracy extends beyond just the SWIFT code. The transaction details must also include precise recipient information such as the account holder's name and account number. These elements collectively determine the validity of the transfer.
Simplifying International Transfers
While the process of international money transfers may appear complex, following fundamental procedures can make it straightforward. The proper use of standardized identifiers like DHBLBDDH109 significantly reduces potential complications.
Whether conducting business transactions, purchasing foreign goods, or sending money to family members abroad, verifying the accuracy of all transfer details remains essential for successful fund delivery. Financial institutions recommend double-checking all information before submission.
As global financial transactions continue to grow, understanding and correctly utilizing SWIFT codes becomes increasingly important for anyone participating in international banking activities.