In modern international financial transactions, ensuring the secure and accurate transfer of funds to designated accounts is a critical concern for all participants. The SWIFT/BIC code serves as a vital identifier for international wire transfers, not only determining the flow of funds but also playing a crucial role in the smooth execution of transactions. So, what is the SWIFT/BIC code for EASTERN BANK PLC. ?
The SWIFT Code for EASTERN BANK PLC.
The SWIFT code for EASTERN BANK PLC. is EBLDBDDH001 , which encapsulates essential bank information and operational standards. When initiating an international wire transfer to EASTERN BANK PLC. in Dhaka, Bangladesh, using this code ensures that funds reach the recipient's bank and branch without delays—a fundamental requirement for cross-border transactions.
Decoding the SWIFT/BIC Structure
The code EBLDBDDH001 is structured as follows:
EBLD represents the bank's unique identifier for EASTERN BANK PLC.
BD denotes Bangladesh, indicating the country where the bank is located.
DH specifies the city, in this case, Dhaka.
001 refers to the branch number, with "XXX" typically representing the bank's head office. Correctly utilizing this information minimizes errors and delays, ensuring swift and secure fund transfers.
The Importance of SWIFT/BIC Codes in Global Finance
In international trade, understanding the nuances of SWIFT/BIC codes optimizes capital flow efficiency and helps businesses and individuals maintain competitiveness in complex financial landscapes. When sending or receiving funds through EASTERN BANK PLC., verifying the correct SWIFT code is essential to avoid complications and risks. Familiarity with these international standards enhances the efficiency of foreign exchange transactions.
In summary, EBLDBDDH001 is more than just a code—it represents the reliability and security of cross-border financial transactions. By mastering this tool, individuals and businesses can safeguard their international fund transfers and streamline global financial operations.