In today's rapidly evolving global economy, cross-border money transfers have become increasingly common. Whether supporting children studying abroad or facilitating international trade for businesses, wire transfers have become an essential part of both personal finance and commercial operations. Despite growing demand, many still find the process confusing—particularly when it comes to correctly using SWIFT/BIC codes. This guide explains these banking identifiers in simple terms, focusing on DUTCH-BANGLA BANK PLC.'s SWIFT code and its significance.
What Is a SWIFT/BIC Code?
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a standardized communication network for global financial institutions. A SWIFT/Business Identifier Code (BIC) serves as a unique identifier for banks in international transactions. Typically 8-11 characters long (combining letters and numbers), these codes function like postal addresses for money transfers. For DUTCH-BANGLA BANK PLC., the SWIFT/BIC code is DBBLBDDH109.
Without the correct SWIFT code, transfers may be delayed, misrouted, or even fail—making proper code verification crucial for successful transactions.
About DUTCH-BANGLA BANK PLC.
Established in 1996, DUTCH-BANGLA BANK PLC. has grown into one of Bangladesh's leading commercial banks. Operating with customer-centric principles, it offers diverse financial services including personal banking, loans, and international remittance solutions.
Key Bank Information:
- Bank Name: DUTCH-BANGLA BANK PLC.
- SWIFT Code: DBBLBDDH109
- City: NARSINGDI
- Address: MADHABDI BAZAR, NARSINGDI, DHAKA, 1604
- Country: BANGLADESH
How to Use SWIFT Codes for International Transfers
Follow these steps when initiating an international wire transfer:
- Verify the recipient bank's SWIFT/BIC code (DBBLBDDH109 for DUTCH-BANGLA BANK PLC.)
- Complete the transfer form with accurate details including amount, recipient information, and SWIFT code
- Submit the request after double-checking all entered data
- Monitor transfer status through your bank's confirmation system
The Critical Role of SWIFT/BIC Codes
Beyond bank identification, these codes ensure transaction security in the multi-step international transfer process. Correct codes prevent funds from being misdirected or held by intermediary banks. The SWIFT network also provides real-time monitoring and anti-fraud mechanisms, adding layers of financial protection.
Why Consider DUTCH-BANGLA BANK PLC.?
The bank's streamlined international transfer services combine efficiency with rigorous security protocols. Both individual and corporate clients benefit from monitored transactions that prioritize timely, secure fund delivery—making it a reliable choice for cross-border financial operations.
As global connectivity expands, understanding international banking procedures becomes increasingly valuable. Proper SWIFT/BIC code usage—like DBBLBDDH109 for DUTCH-BANGLA BANK PLC.—helps ensure smooth, secure transactions whether for personal remittances or business dealings.