When making an international bank transfer, confusion can arise from unfamiliar banking codes. For EASTERN BANK PLC., a key financial institution in Bangladesh, the correct use of SWIFT/BIC codes is critical for seamless transactions. This article provides detailed information about the bank’s SWIFT code and related details to ensure your funds are transferred securely and efficiently.
The SWIFT code for EASTERN BANK PLC. is EBLDBDDH003 . When initiating a transfer, verifying this code is essential. It helps identify the recipient bank, its location, and the specific branch involved.
Bank Details
- Bank Name: EASTERN BANK PLC.
- City: CHITTAGONG
- Address: 75, AGRABAD COMMERCIAL AREA, CHITTAGONG, CHITTAGONG, 4100
- Country: BANGLADESH
Why SWIFT Codes Matter
SWIFT codes are standardized identifiers used in international bank transfers, ensuring efficient cross-border fund movement. The correct SWIFT code guarantees transaction security and accuracy while minimizing processing delays and potential fees. For example, transfers to EASTERN BANK PLC. typically take up to three business days to complete.
Key Considerations for International Transfers
Before initiating a transfer using EASTERN BANK PLC.’s SWIFT code, verify the following:
- Bank Name and SWIFT Code: Ensure the recipient bank’s name and SWIFT code match exactly.
- Branch Information: If transferring to a specific branch, confirm its address aligns with the provided code.
- Transfer Amount: Double-check the amount to ensure it meets the recipient account’s requirements.
- Associated Fees: Be aware of any transaction fees to choose the most cost-effective transfer method.
Incorrect SWIFT codes or bank details can lead to delays, lost funds, or additional charges. Always verify transaction details before confirming a transfer. Proper preparation enhances the likelihood of a successful transaction and ensures your funds reach EASTERN BANK PLC. without complications.
By prioritizing the correct use of SWIFT/BIC codes, you can streamline international transfers and facilitate smoother cross-border financial transactions.