In today's globalized financial landscape, cross-border remittances have become an indispensable part of life, whether for education, work, or family support. The correct use of SWIFT/BIC codes is particularly crucial in this process. Have you ever felt anxious about a transfer due to an incorrect code?
The SWIFT code for DHAKA BANK PLC. is DHBLBDDH107 . Providing the correct code during a transfer ensures that funds reach their destination swiftly and securely. This code not only contains specific bank information but also directs funds to the precise branch, facilitating efficient and safe transactions.
Key Information About DHAKA BANK PLC.
DHAKA BANK PLC. is a significant financial institution in Bangladesh, with its registered address in Dhaka: BIMAN OFFICE, FLOOR 1, 100, MOTIJHEEL C/A, DHAKA, DHAKA, 1000, Bangladesh . This information is particularly critical when initiating international transfers.
SWIFT/BIC codes typically consist of 8 to 11 alphanumeric characters, uniquely identifying a bank and its branch. Accurate SWIFT code configuration helps avoid delays or issues caused by incorrect information. Before initiating a transfer, always verify the recipient bank’s full name, branch, and country.
The Role of SWIFT/BIC Codes
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes serve as the foundation of modern financial transactions, acting as a "passport" for communication and transfers between international banks. In cross-border remittances, only the correct SWIFT/BIC code enables banks to accurately identify and process transactions, ensuring secure and efficient fund movement. Beyond transfers, SWIFT codes are also used for receiving payments, sending funds, and tracking transactions, offering users significant convenience.
How to Use a SWIFT Code
To complete a transfer successfully, pay close attention to the following steps:
- Verify the recipient bank’s details : Ensure the destination bank’s name and SWIFT/BIC code are accurate. For DHAKA BANK PLC., use DHBLBDDH107 .
- Confirm the recipient’s information : The recipient’s name, account details, and address must be correct.
- Contact your bank : Confirm with your bank that the SWIFT code is valid to avoid unnecessary delays.
- Track the transfer : After initiating the transfer, use your bank’s tracking feature to monitor the transaction’s progress.
Using services like Xe can streamline and optimize the process, offering greater transparency and reliability. With advancements in technology, many platforms now provide real-time transfer capabilities, enhancing user experience. When making international transfers, always consider exchange rates and fees to ensure efficient fund movement.
In cross-border transactions, the importance of SWIFT/BIC codes cannot be overstated. For DHAKA BANK PLC., DHBLBDDH107 is the key to secure and efficient international transfers. Whether your funds are destined for Bangladesh or elsewhere, understanding and using the correct SWIFT code ensures they reach the intended account without delay.