In today's globally interconnected economy, cross-border money transfers have become an essential part of financial activities for both individuals and businesses. Among the most crucial steps in international transactions is the accurate entry of the recipient bank's SWIFT code. For transactions involving Dutch-Bangla Bank PLC , the SWIFT code DBBLBDDH105 serves as both the gateway for international transactions and a vital safeguard against payment delays or misdirected funds.
Bank Name: Dutch-Bangla Bank PLC
Headquarters: Zerin Mansion, 55, Motijheel C/A, Dhaka, Dhaka, 1000, Bangladesh
SWIFT Code: DBBLBDDH105
Understanding the SWIFT Code Structure
The SWIFT code DBBLBDDH105 follows the standardized format used by financial institutions worldwide. The first four characters "DBBL" represent the bank's unique identifier. The following two characters "BD" indicate the country (Bangladesh), while the remaining characters "DH105" specify the particular branch location. This structured coding system ensures efficient and secure transmission of transaction information between financial institutions.
The Importance of Accuracy in International Transfers
When initiating international wire transfers, verifying the correct SWIFT code is paramount. An incorrect code may result in irreversible fund transfers to wrong accounts, potentially accompanied by additional transaction fees. Financial experts recommend double-checking SWIFT codes before every transaction and confirming that the most recently updated code is being used.
Dutch-Bangla Bank PLC, as one of Bangladesh's leading financial institutions headquartered in the capital city of Dhaka, plays a significant role in both domestic and international banking operations. The bank's prominence in Bangladesh's financial system makes its SWIFT code particularly important for those conducting business with Bangladeshi entities.
Enhancing Transaction Security
The SWIFT system serves as the backbone of international financial transactions, and codes like DBBLBDDH105 function as critical identifiers that facilitate secure global money movement. For frequent transactors with Dutch-Bangla Bank PLC, understanding the components and significance of this SWIFT code can streamline payment processes and reduce potential errors.
In the global financial marketplace, SWIFT codes remain indispensable tools for ensuring efficient fund transfers. The code DBBLBDDH105 specifically serves as Dutch-Bangla Bank PLC's connection point with international clients, demonstrating how standardized financial identifiers contribute to safer and more reliable cross-border transactions.