In international wire transfers, the SWIFT/BIC code is a critical element that ensures funds reach their destination securely and efficiently. For those sending money to NATIONAL BANK LIMITED , understanding how to identify and use the correct SWIFT code is essential for a seamless transaction.
What Is a SWIFT/BIC Code?
A SWIFT/BIC code typically consists of 8 to 11 characters, uniquely identifying banks and their specific branches worldwide. For NATIONAL BANK LIMITED , the code is structured as follows:
- Bank Code (4 characters): NBLB – Represents NATIONAL BANK LIMITED.
- Country Code (2 characters): BD – Indicates the bank is located in Bangladesh.
- Location Code (2 characters): DH – Specifies the city (Dhaka).
- Branch Code (3 characters): 001 – Identifies a specific branch. If the code ends with XXX , it typically refers to the bank’s headquarters.
The complete SWIFT/BIC code for NATIONAL BANK LIMITED is NBLBBDDH001 , where:
- SWIFT Code (8 characters): NBLBBDDH
- Branch Code: 001
- Branch Name: NATIONAL BANK LIMITED
- Address: 48, Dhaka City
Key Considerations for Using SWIFT Codes
To avoid delays or errors in international transfers, verify the following details before initiating a transaction:
- Confirm the Bank Name: Ensure the recipient’s bank name matches the one associated with the SWIFT code.
- Verify the Branch: If using a specific branch’s SWIFT code, confirm that the recipient holds an account there.
- Check the Country: The SWIFT code must correspond to the recipient’s bank location.
Accuracy in these details is paramount to ensuring funds are transferred without complications.