Eastern Bank Plcs SWIFTBIC Code Guide for International Transfers

Published: 08/15/2025
SWIFT code cross-border transfer bank information
This article introduces the structure and importance of the SWIFT/BIC code EBLDBDDH005 for EASTERN BANK PLC. It guides readers to verify bank, branch, and country information when conducting international transfers to ensure that funds arrive safely and on time.
Eastern Bank Plcs SWIFTBIC Code Guide for International Transfers

In today's rapidly globalizing world, international financial transactions have become increasingly frequent, with cross-border payments serving as a critical tool for businesses and individuals engaged in global commerce. Whether it's a multinational corporation managing fund allocations or an individual sending money overseas, ensuring the security and timely delivery of funds is paramount. Among the various international transfer tools, SWIFT/BIC codes play an indispensable role. This article explores the structure, significance, and practical considerations of EASTERN BANK PLC.'s SWIFT/BIC code—EBLDBDDH005—to help facilitate efficient and secure cross-border transactions.

1. Understanding SWIFT/BIC Codes

A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique identifier used to recognize banks and their branches during international fund transfers. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication, the organization responsible for managing communication standards and electronic transfer mechanisms among global financial institutions. The BIC is the specific coding method used to uniquely identify a particular bank or financial entity.

SWIFT/BIC codes typically consist of 8 to 11 characters, structured as follows:

  • Bank Code (4 letters): Identifies the financial institution.
  • Country Code (2 letters): Indicates the country where the bank is located.
  • Location Code (2 characters, alphanumeric): Specifies the bank's geographic location.
  • Branch Code (optional, 3 characters): Identifies a specific branch of the bank.

2. Decoding EASTERN BANK PLC.'s SWIFT/BIC: EBLDBDDH005

EASTERN BANK PLC.'s SWIFT/BIC code, EBLDBDDH005, can be broken down into its constituent parts to better understand its composition and significance:

  • EBLD (Bank Code): This segment uniquely identifies EASTERN BANK PLC. among thousands of financial institutions worldwide, ensuring that transactions are correctly processed within the international financial system.
  • BD (Country Code): This denotes Bangladesh, clarifying the bank's jurisdiction for both senders and recipients.
  • DH (Location Code): This pinpoints the bank's specific geographic location, enabling funds to be routed accurately to the intended headquarters or branch.
  • 005 (Branch Code): This optional segment identifies a particular branch. If the code is 'XXX,' it typically refers to the bank's primary office or main branch.

3. Why SWIFT/BIC Codes Matter

The accuracy of a SWIFT/BIC code directly impacts the success of an international transaction. Here’s why these codes are indispensable:

  • Fund Security: Correct codes ensure funds reach the intended recipient. Errors can lead to misdirected transfers or irreversible losses.
  • Transaction Efficiency: Unique identifiers expedite international transfers by enabling swift routing and verification.
  • Mitigating Exchange Rate Risks: Delays in transfers due to incorrect codes can expose funds to unfavorable currency fluctuations.
  • Enhanced Transparency: The traceability of transactions fosters trust and accountability in cross-border payments.

4. Key Considerations When Using SWIFT/BIC Codes

To avoid pitfalls in international transfers, adhere to these guidelines when using EASTERN BANK PLC.'s SWIFT/BIC code (EBLDBDDH005):

  • Verify Bank Details: Confirm the recipient’s bank name and SWIFT code match. Cross-check with the recipient or reliable financial platforms.
  • Confirm Branch Information: If using a branch-specific code, ensure alignment with the recipient’s branch to avoid discrepancies in processing times or fees.
  • Validate Country Codes: Mismatched country codes can cause transfer failures due to jurisdictional errors.
  • Maintain Communication: Stay in touch with the recipient and your bank to resolve issues promptly.
  • Understand Fees: Research applicable transfer fees, which vary by bank, destination, and transaction size.

5. Practical Example: Sending Funds to Bangladesh

Suppose you need to transfer funds from China to a friend in Bangladesh via EASTERN BANK PLC. Follow these steps:

  1. Gather Information: Collect the recipient’s full name, address, bank details, and SWIFT code (EBLDBDDH005).
  2. Initiate Transfer: Use your bank’s online portal or visit a branch to input the details. Double-check for accuracy.
  3. Review Fees and Amounts: Confirm the transfer amount, fees, and expected delivery date.
  4. Submit and Track: After submission, note the transaction reference number to monitor progress through your bank’s tracking tools.

6. Conclusion

SWIFT/BIC codes are the backbone of secure and efficient international banking. By understanding the structure and application of EASTERN BANK PLC.'s code (EBLDBDDH005), users can navigate cross-border payments with confidence. Whether for business or personal transactions, meticulous verification of banking details and adherence to best practices will ensure seamless global fund movements. In an interconnected financial landscape, mastering these protocols empowers individuals and organizations to manage cross-border transactions with precision and security.

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