In today's globalized economy, international money transfers have become essential for both businesses and individuals. Understanding how to conduct secure and efficient cross-border transactions is crucial, with SWIFT/BIC codes serving as fundamental components of international banking operations.
The Critical Role of SWIFT Codes
The IBBLBDDH104 SWIFT/BIC code identifies Islami Bank Bangladesh PLC in international transactions. This unique identifier ensures funds reach the correct destination at the bank's Sylhet branch located at 288 Taltola, Sylhet 3100, Bangladesh. Using accurate SWIFT codes prevents delays or misdirected funds that may occur from incorrect banking information.
The SWIFT network connects financial institutions worldwide through a standardized, secure system for transmitting payment instructions. Each participating bank maintains a unique code that enables verification between sending and receiving institutions, facilitating smooth fund transfers. This security layer proves particularly valuable in today's digital banking environment.
Verification Best Practices
Customers conducting transactions with Islami Bank Bangladesh PLC—whether for supply chain payments, service fees, or personal remittances—should always verify the recipient's complete banking details before initiating transfers. Essential information includes:
- The exact SWIFT code IBBLBDDH104
- Full account number of the beneficiary
- Precise bank branch address
- Recipient's legal name as registered with the bank
Financial institutions recommend double-checking these details with the recipient and confirming the information with your local bank before processing international transfers. Any discrepancies should be resolved prior to transaction initiation.
Global Banking Infrastructure
The SWIFT system's standardized messaging format has become the backbone of international finance, processing millions of transactions daily across more than 200 countries. This network's reliability and security protocols make it the preferred choice for cross-border payments among financial institutions worldwide.
For customers of Islami Bank Bangladesh PLC, understanding proper SWIFT code usage simplifies international money transfers while maintaining transaction security. The bank's participation in this global network ensures efficient processing of incoming funds from overseas locations.