Navigating international wire transfers can be daunting, especially when unfamiliar with SWIFT/BIC codes. These codes play a critical role in ensuring the speed and security of cross-border transactions. This article provides a detailed breakdown of the SWIFT code DBBLBDDH104 for DUTCH-BANGLA BANK PLC., equipping you with the knowledge to execute seamless international transfers.
The Importance of SWIFT Codes
A SWIFT code is a unique identifier assigned by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to each financial institution. It streamlines international payments by directing funds to the correct bank and branch. The code DBBLBDDH104 ensures that transfers to DUTCH-BANGLA BANK PLC. are processed accurately and securely.
Key Details for DUTCH-BANGLA BANK PLC.
- Bank Name: DUTCH-BANGLA BANK PLC.
- City: Dhaka
- Address: 165 Nababpur Road, Dhaka, 1000
- Country: Bangladesh
Before initiating a transfer, verify the bank name and address match the recipient’s instructions precisely. Even minor discrepancies can lead to delays or failed transactions.
Branch-Specific Considerations
If the transaction requires routing through a specific branch, confirm that the SWIFT code aligns with the recipient’s branch details. Cross-checking this information minimizes the risk of errors.
Country Consistency
Global banks often operate across multiple countries. Ensure the SWIFT code corresponds to the correct country where the recipient’s account is held. This step is vital to avoid misdirected funds.
In international wire transfers, the accuracy of the SWIFT code is paramount. Always double-check all details before submitting a transaction to guarantee the funds reach their intended destination without complications.