In today's globalized financial landscape, international money transfers have become an essential part of daily life. When navigating complex banking systems, how can you ensure your funds are transferred securely and efficiently? This guide explains how to use Dutch-Bangla Bank PLC's SWIFT/BIC code (DBBLBDDH107) for seamless international transfers.
Understanding SWIFT Codes
A SWIFT code or BIC (Bank Identifier Code) is a standard international identifier used for interbank transactions. This unique alphanumeric code ensures your funds reach the intended financial institution securely. Each bank's SWIFT code is distinct, serving as a precise address for money transfers.
Dutch-Bangla Bank's SWIFT Code Structure
The SWIFT code for Dutch-Bangla Bank is DBBLBDDH107, which breaks down as follows:
- DBBL : Bank code for Dutch-Bangla Bank
- BD : Country code for Bangladesh
- DH : Location code for Dhaka
- 107 : Branch identifier for a specific office
Required Information for Transfers
When preparing to send money to Dutch-Bangla Bank, gather these essential details:
- Bank Name : DUTCH-BANGLA BANK PLC.
- City : DHAKA
- Address : BSRS BUILDING, KAWRAN BAZAR, DHAKA, DHAKA, 1215
- Country : BANGLADESH
- SWIFT/BIC : DBBLBDDH107
Accurate information prevents transfer delays or errors.
Step-by-Step Transfer Process
- Select a transfer method : Choose between bank transfers, third-party platforms, or specialized remittance services.
- Complete the transfer form : Provide all required details including recipient information and the correct SWIFT code.
- Pay applicable fees : Understand the fee structure and exchange rates before initiating the transfer.
- Verify and confirm : Double-check all details before submission and retain transaction records for reference.
Key Considerations
- Verify banking details : Confirm the SWIFT code and recipient information matches Dutch-Bangla Bank's records.
- Monitor transfer status : Use your bank's tracking tools to follow the transaction's progress.
- Compare costs : Fees and exchange rates vary significantly between providers—research options to optimize value.
Proper use of the SWIFT code DBBLBDDH107 ensures efficient transfers to Dutch-Bangla Bank. Whether for business or personal purposes, accurate SWIFT code implementation remains fundamental for successful international transactions.