In the global financial network, SWIFT codes serve as critical identifiers for international money transfers. These standardized codes ensure that funds reach their intended destinations across borders efficiently and securely. For customers of PT Bank DBS Indonesia, understanding the bank's SWIFT/BIC code — DBSBIDJA XXX — is essential for seamless cross-border transactions.
The Anatomy of a SWIFT Code
DBS Indonesia's SWIFT code follows the standard 8-11 character format recognized worldwide. The first four letters ( DBSB ) identify the bank, while the next two characters ( ID ) represent Indonesia's country code. The following two letters ( JA ) indicate the location (Jakarta), and the optional last three characters ( XXX ) specify the branch.
The bank's headquarters are located at Ciputra World, DBS Tower 1, Floor 37, JL. Prof. Dr. Satrio 3-5, Jakarta, Jakarta, 12940, Indonesia — a detail that may be required for certain international transfers.
Practical Application in International Transfers
When initiating a transfer from Indonesia to another country, such as France, the sender must provide DBS Indonesia's SWIFT code along with the recipient's banking details. For example, a $10,000 transfer would typically yield approximately €8,453 for the recipient, though the exact amount depends on current exchange rates and applicable fees.
Several factors influence the final amount received:
• Exchange rates : Fluctuations can significantly impact the conversion
• Transaction fees : Both sending and receiving banks may charge processing fees
• Intermediary banks : Additional charges may apply if transfers pass through correspondent banks
Best Practices for International Transfers
Financial experts recommend verifying SWIFT codes before initiating transfers, as these identifiers occasionally change due to bank mergers or operational updates. Most banks provide current SWIFT information through their official websites or customer service channels.
In an increasingly interconnected financial landscape, understanding these international transfer mechanisms helps individuals and businesses optimize their cross-border transactions, reducing processing times and minimizing unnecessary costs.