When conducting international money transfers, ensuring that funds reach the recipient's account accurately and securely is of utmost importance. SWIFT codes, serving as the backbone of global financial transactions, play a critical role in this process. Understanding how to use these codes—illustrated here with the example of DUTCH-BANGLA BANK PLC.—can help users avoid unnecessary transfer errors.
For DUTCH-BANGLA BANK PLC., the SWIFT code is DBBLBDDH103 . This combination of letters and numbers is not merely an identifier; it is the key to simplifying and expediting international transfers. An incorrect SWIFT code can lead to delays or failed transactions, potentially resulting in financial losses. Therefore, verifying the details of the recipient bank is essential.
Details of DUTCH-BANGLA BANK PLC.
- Bank Name: DUTCH-BANGLA BANK PLC.
- City: Dhaka
- Address: Block-B, 75 Kamal Ataturk Avenue, Banani, Dhaka, 1213
- Country: Bangladesh
Key Verification Steps Before Transferring Funds
Before initiating any international transfer, carefully review the following details:
- Confirm the SWIFT Code: Using the correct code— DBBLBDDH103 —ensures funds are directed to DUTCH-BANGLA BANK PLC. without errors.
- Verify the Recipient Bank: Double-check that the receiving bank matches the name provided to prevent misdirected transfers.
It is important to note that SWIFT/BIC codes consist of 8 to 11 characters, uniquely identifying financial institutions and their branches worldwide. The accuracy of this code is paramount for successful international transactions. Always reconfirm the details before submitting a transfer to enhance efficiency and prevent complications caused by incorrect information.
By adhering to these verification measures, users can confidently execute international transfers, whether for routine transactions or critical financial operations. Ensuring the use of precise information is the most prudent approach to safeguarding funds.
In summary, meticulous preparation and accurate details guarantee the secure and prompt delivery of funds, allowing senders to focus on their business or personal priorities without unnecessary concerns.