When making international wire transfers, many people encounter confusion about their bank's SWIFT code. This alphanumeric sequence serves as an essential component for cross-border transactions. Take Dutch-Bangla Bank PLC as an example: its SWIFT code DBBLBDDH 104 isn't just a random combination of letters and numbers—it's the key to ensuring secure and accurate fund transfers across borders.
Officially known as a Bank Identifier Code (BIC), a SWIFT code consists of 8 to 11 characters that uniquely identify financial institutions worldwide. In the case of Dutch-Bangla Bank, DBBLBDDH identifies the main office, while the suffix 104 specifies a particular branch location.
The precision of SWIFT codes carries significant weight in international banking. Providing the correct code—such as DBBLBDDH 104 —ensures funds reach the intended recipient's bank branch without delay. However, financial institutions emphasize that senders must also verify the recipient's full name, account number, and other relevant details alongside the SWIFT code.
Few customers understand the sophisticated network that processes their international transfers. These standardized codes allow banks to identify each other within the SWIFT messaging system, which connects over 11,000 financial institutions globally. This network serves as the central nervous system for cross-border financial transactions, facilitating both security and efficiency.
Financial experts recommend double-checking SWIFT codes before initiating any international transfer. Most banks publish their current SWIFT/BIC codes on official websites and documentation. This simple verification step helps customers maintain control over their financial transactions.
In an era of digital banking, verifying banking details has become more accessible than ever. Yet the convenience of online transactions shouldn't lead to complacency—confirming the accuracy of SWIFT codes and accompanying information remains a fundamental practice for protecting one's finances during international transfers.