In today's globally connected financial landscape, understanding SWIFT codes has become essential for seamless cross-border transactions. These unique identifiers play a crucial role in ensuring funds reach their intended destination efficiently and securely.
Dhaka Bank PLC, one of Bangladesh's leading financial institutions, operates with the SWIFT code DHBLBDDH109. Headquartered at Momtaz Plaza, Floor 1, 4 7 Road in Dhaka's Dhanmondi Residential Area, the bank has established itself as a customer-focused institution offering comprehensive financial services to both individual and corporate clients.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) network serves as the backbone of international money transfers. When initiating cross-border payments, the accuracy of the recipient bank's SWIFT code directly impacts transaction speed and reliability. Even minor errors in these alphanumeric identifiers can lead to significant delays or, in rare cases, misdirected funds.
Financial experts emphasize verifying three critical details before executing international transfers: the exact SWIFT code, the complete legal name of the recipient bank, and specific branch information when applicable. For transactions involving Dhaka Bank PLC, the correct code DHBLBDDH109 ensures proper routing through Bangladesh's financial system.
The standardization of SWIFT codes has significantly improved the efficiency of global commerce, allowing businesses and individuals to conduct international transactions with greater confidence. As financial institutions continue to modernize their systems, the role of these standardized codes remains fundamental to secure and traceable cross-border payments.