In today's globalized economy, international money transfers have become increasingly common. Whether for business transactions, travel, or personal remittances, ensuring funds reach their destination bank quickly and securely is every sender's priority. The key to achieving this lies in using the correct SWIFT/BIC code. This article examines EASTERN BANK PLC's SWIFT/BIC code EBLDBDDH004, along with essential considerations and best practices for international transfers.
SWIFT/BIC Codes: The Backbone of Global Transfers
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system provides standardized codes for global banking transactions. Each financial institution has a unique 8-11 character alphanumeric SWIFT/BIC code that identifies participating banks and their specific branches in international transactions. These codes ensure accurate routing while enhancing security and efficiency. For EASTERN BANK PLC, the code is EBLDBDDH004.
Decoding EBLDBDDH004
- Bank code (EBLD): Identifies EASTERN BANK PLC specifically
- Country code (BD): Indicates Bangladesh as the bank's location
- Location code (DH): Specifies the bank's geographic area
- Branch code (004): Pinpoints the exact branch location
When to Use EBLDBDDH004
This code applies specifically to international transfers destined for EASTERN BANK PLC at its branch located at 07 Old Jessore Road, Khulna, Khulna, 9100, Bangladesh. Providing both the accurate SWIFT code and complete recipient details forms the foundation for successful transactions.
Critical Considerations for International Transfers
Several key factors require attention to ensure seamless international money transfers:
- Bank name verification: Confirm the exact spelling matches the recipient bank's official name
- Branch confirmation: Verify the branch code corresponds to the intended destination
- Country validation: Ensure the country code aligns with the recipient bank's location
Understanding Transfer Costs and Exchange Rates
Beyond correct codes, fees and exchange rates significantly impact the final received amount. Transfers using EBLDBDDH004 reportedly incur no additional fees, presenting cost-saving opportunities. Monitoring exchange rate fluctuations through reliable tools allows senders to optimize transfer timing for maximum value.
Optimizing International Money Transfers
Modern transfer services offer distinct advantages over traditional banking channels:
- More competitive exchange rates compared to conventional banks
- Complete transparency regarding all applicable fees
- Expedited processing times for urgent transactions
Professional support services remain available throughout the transfer process to address any concerns or complications that may arise.
Successful international money transfers require meticulous attention to SWIFT/BIC codes and recipient details. By utilizing EASTERN BANK PLC's specific code EBLDBDDH004 and adhering to established best practices, senders can navigate global transactions with confidence and efficiency.