In today’s rapidly globalizing world, the convenience and security of international financial transactions have become increasingly important. When dealing with banks located far from one’s home country, the correct use of SWIFT/BIC codes is essential. Using Dhaka Bank PLC in Bangladesh as an example, this article provides a detailed guide to its SWIFT code and related information to ensure smooth and efficient cross-border transfers.
Key Details of Dhaka Bank PLC
The SWIFT code for Dhaka Bank PLC is DHBLBDDH 104 . This alphanumeric combination ensures precise routing of international fund transfers. Below are the bank’s complete details:
- Bank Name: DHAKA BANK PLC.
- City: DHAKA
- Address: IMAMGANJ BAZAR, 1 IMAMGANJ LANE, DHAKA, DHAKA, 1100
- Country: BANGLADESH
Why SWIFT Codes Matter
SWIFT codes are designed to direct funds to the correct bank branch, ensuring secure and accurate transactions. For international transfers—particularly cross-border payments—using the correct SWIFT code is critical. If you intend to send funds to Dhaka Bank PLC, always verify the use of DHBLBDDH 104 .
Transfer Methods and Processing Time
Several payment methods are available for international transfers, with direct bank debits being the most common. Funds typically arrive within three business days. For larger transactions—such as transfers exceeding $10,000—it is advisable to select appropriate transfer options that comply with regulatory and banking requirements.
How to Send a Transfer
The process is straightforward: simply enter the recipient bank’s SWIFT code and account details in your banking platform or remittance service. To minimize errors, double-check all information before confirming the transaction. This precaution helps avoid delays or misdirected funds.
Security Considerations
For high-value international transfers, additional safeguards are recommended. Regularly verify SWIFT codes and banking details, stay informed about international transfer policies and fees, and use reputable financial institutions to ensure both security and efficiency.
Conclusion
Familiarity with Dhaka Bank PLC’s SWIFT code simplifies international transactions for both individuals and businesses. By ensuring the correct and timely use of SWIFT codes, senders can facilitate seamless transfers while safeguarding their financial transactions.