First Security Islami Bank Enhances International Remittances Via SWIFT

Understanding the SWIFT/BIC code FSEBBDDHBNG of FIRST SECURITY ISLAMI BANK PLC is essential for international remittance. This article details the structure of the code, its usage, and related precautions for remittances, ensuring your cross-border transactions proceed smoothly while avoiding potential errors and fees.
First Security Islami Bank Enhances International Remittances Via SWIFT

In today's globalized financial landscape, cross-border bank transfers have become increasingly common. Among the critical components facilitating these transactions is the SWIFT code, which ensures funds are transferred quickly and accurately to the intended recipient. This article delves into the SWIFT/BIC code of FIRST SECURITY ISLAMI BANK PLC. and its significance in international banking.

What Is the SWIFT Code for FIRST SECURITY ISLAMI BANK PLC.?

The SWIFT/BIC code for FIRST SECURITY ISLAMI BANK PLC. is FSEBBDDHBNG . This code follows the standardized format established by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to uniquely identify financial institutions worldwide. The breakdown of the code is as follows:

  • FSEB – Bank identifier for FIRST SECURITY ISLAMI BANK PLC.
  • BD – Country code for Bangladesh.
  • DH – Location code for Dhaka.
  • BNG – Branch code (specific to the bank's branch).

When initiating an international transfer to this bank, using the complete SWIFT code is essential to ensure the funds reach the correct destination without delays.

Bank Details for International Transfers

For those sending money to FIRST SECURITY ISLAMI BANK PLC. in Dhaka, the following details must be provided:

  • Bank Name: FIRST SECURITY ISLAMI BANK PLC.
  • SWIFT Code: FSEBBDDHBNG
  • Address: 121/2 LUTFOR RAHMAN LANE, NORTH, SOUTH RD 2, DHAKA, DHAKA, 1000, BANGLADESH

Accurate information is crucial to prevent errors or processing delays. Double-checking these details before submitting a transfer request is highly recommended.

The Role of SWIFT Codes in Receiving Funds

SWIFT codes are not only necessary for sending money but also for receiving international payments. If you expect funds from abroad into an account with FIRST SECURITY ISLAMI BANK PLC., you must provide the sender with the bank’s SWIFT code. This ensures the funds are routed correctly to your account.

Additional Considerations for International Transfers

Beyond the SWIFT code, there are other factors to keep in mind when conducting cross-border transactions:

  • Transaction Fees: Different banks and financial institutions may charge varying fees for international transfers. It is advisable to inquire about these costs beforehand to avoid surprises.
  • Exchange Rates: Currency fluctuations can impact the final amount received. Monitoring exchange rates and choosing an optimal time for the transaction may help maximize the transferred amount.

Conclusion

Understanding the SWIFT code and related banking details of FIRST SECURITY ISLAMI BANK PLC. is fundamental for seamless international money transfers. By ensuring accuracy in the provided information and staying informed about fees and exchange rates, individuals and businesses can facilitate secure and efficient cross-border transactions.