In international financial transactions, SWIFT/BIC codes play a critical role, particularly for cross-border transfers. Ensuring the safe and timely arrival of funds to the intended account requires careful attention to these banking identifiers. This article examines the specific SWIFT code information for Eastern Bank PLC and provides essential verification steps.
Eastern Bank PLC's SWIFT/BIC code is EBLDBDDH007 . The bank is headquartered in Bangladesh's capital, Dhaka, with its physical address at: Floor 1, 05 English Road, Dhaka, Dhaka, 1100. Using the correct SWIFT code is the first and most crucial step in preventing potential delays or errors in international wire transfers.
Verification Steps for SWIFT Codes
Before initiating any international transfer, financial institutions and individuals should follow these verification procedures:
- Bank Name Confirmation: Verify that the provided bank name exactly matches the recipient's financial institution. Even minor discrepancies can result in failed transactions.
- Branch Information: When using a branch-specific SWIFT code, ensure complete alignment with the recipient's branch details.
- Country Validation: As multinational banks operate across jurisdictions, the SWIFT code must correspond to the correct country location of the target bank.
Regular verification and updating of SWIFT/BIC codes constitute fundamental financial security measures. By maintaining accurate banking information, individuals and businesses can significantly reduce transaction risks and ensure the seamless transfer of funds to their intended destinations.