In today's globalized financial landscape, international wire transfers have become a common necessity. For individuals or businesses looking to send money to DHAKA BANK PLC. in Bangladesh, knowing the correct SWIFT/BIC code is essential. The SWIFT code for DHAKA BANK PLC. is DHBLBDDH109 , which includes details such as the bank’s name, city, and specific address to ensure smooth cross-border transactions.
Key Details About DHAKA BANK PLC.
DHAKA BANK PLC. is headquartered in Dhaka, Bangladesh, with its address at:
MOMTAZ PLAZA, FLOOR 1, 4 7 ROAD, DHANMONDI RESIDENTIAL AREA, DHAKA, DHAKA, 1205.
When initiating an international transfer, providing the correct SWIFT code ensures that funds are accurately routed to the intended recipient’s account. This minimizes delays and reduces the risk of errors in the transaction process.
The Importance of SWIFT Codes in International Transfers
The SWIFT network plays a critical role in facilitating secure and efficient cross-border payments. Using the correct SWIFT code not only simplifies the transaction process but also enhances the speed and reliability of fund transfers. However, it is important to note that some countries or payment methods may not require a SWIFT code. Therefore, verifying the requirements with the recipient or their bank beforehand is strongly recommended.
Best Practices for International Wire Transfers
- Double-check the SWIFT code: Ensure the code DHBLBDDH109 is correctly entered to avoid misdirected payments.
- Confirm recipient details: Verify the account holder’s name, account number, and bank address.
- Understand fees and processing times: International transfers may involve additional fees and longer processing periods.
By adhering to these guidelines, senders can enhance the security and efficiency of their international transactions.
Conclusion
For anyone conducting business or personal transfers to DHAKA BANK PLC., familiarity with the SWIFT code DHBLBDDH109 is indispensable. This knowledge ensures accurate and timely fund transfers, safeguarding against potential errors and delays. As global financial transactions continue to grow, understanding the role of SWIFT codes remains a fundamental aspect of cross-border banking.