In today's globalized financial landscape, sending international wire transfers can often feel overwhelming. Many individuals have experienced the frustration of delayed or failed transactions due to incorrect SWIFT/BIC codes. To help streamline your international payments, we provide detailed information about Islami Bank Bangladesh PLC's SWIFT code and essential transfer details.
Understanding the SWIFT/BIC Code: IBBLBDDH026
The SWIFT/BIC code for Islami Bank Bangladesh PLC is IBBLBDDH026 . This unique identifier ensures your funds reach the intended destination securely. Breaking down the components of this code provides valuable insight:
- IBBL : Bank code for Islami Bank Bangladesh PLC
- BD : Country code for Bangladesh
- DH : Location code for Dhaka
- 026 : Branch-specific identifier
Bank Location and Address
The bank's headquarters is located at Kushal Centre, 29, Floor 2, Uttara Model Town, Sector-3, Dhaka, Dhaka, 1230, Bangladesh. This commercial district location facilitates efficient processing of financial transactions and international transfers.
Essential Information for International Transfers
To ensure successful transactions, always verify the following details:
- Correct SWIFT code (IBBLBDDH026)
- Beneficiary's full legal name
- Complete account number
- Purpose of the transfer
Accurate information significantly reduces the risk of processing delays or transaction failures.
Understanding Transfer Fees and Processing Times
Transaction costs and processing durations vary depending on transfer methods and intermediary banks. Fees may include:
- Outgoing transfer charges
- Currency conversion fees
- Intermediary bank charges
Processing times typically range from 1-5 business days, depending on the originating country and banking networks involved.
Verification Before Sending
Always double-check all transfer details, particularly the SWIFT code and beneficiary information, before initiating any international payment. This simple verification step can prevent unnecessary delays and ensure timely receipt of funds by the intended recipient.