When initiating international wire transfers, ensuring the accuracy of the SWIFT/BIC code is paramount. For those conducting transactions with Dutch-Bangla Bank PLC, the correct SWIFT code is DBBLBDDH 102 .
This alphanumeric sequence serves as more than just an identifier—it precisely designates Dutch-Bangla Bank PLC's branch at Hossain Court, 75 Agrabad Commercial Area, Chittagong 4100, Bangladesh. Proper use of the SWIFT code helps prevent potential delays or errors in cross-border transactions.
Before initiating an international transfer, several critical verification steps should be taken:
- Bank Name Verification: Confirm that the SWIFT code matches the recipient bank's official name exactly.
- Branch Specificity: When using a branch-specific SWIFT code, ensure it corresponds with the recipient's designated branch.
- Country Alignment: Verify that the SWIFT code corresponds to the correct country, as multinational banks maintain multiple country-specific codes.
The code DBBLBDDH 102 uniquely identifies Dutch-Bangla Bank PLC within the global SWIFT network. While some regional payment systems might not require SWIFT codes, confirming this information prior to transfer helps ensure both speed and security.
Incorrect SWIFT codes can lead to processing delays, misdirected payments, or outright rejection by recipient banks. In some cases, such errors may result in funds being returned to the sender, potentially incurring additional fees. Financial institutions strongly recommend verifying all transfer details with the recipient bank before initiating transactions.
By paying careful attention to these details, individuals and businesses can facilitate smooth international transactions while maintaining financial security and operational efficiency.