When initiating an international money transfer, unfamiliarity with SWIFT/BIC codes can lead to confusion and delays. For transactions involving Bangladesh’s First Security Islami Bank PLC , ensuring the correct use of its SWIFT code— FSEBBDDH —is critical to guarantee the smooth processing of funds.
Bank Details
The essential information for First Security Islami Bank PLC is as follows:
- Bank Name: First Security Islami Bank PLC
- City: Dhaka
- Address: 38/1 Road 2, Dhaka, Dhaka, 1205
- Country: Bangladesh
Key Steps to Avoid Transfer Issues
To minimize risks and ensure a seamless transaction, users are advised to verify the SWIFT code before submitting a transfer request. Below are essential steps to follow:
1. Verify Bank Information
Ensure the recipient bank’s name matches exactly with the details provided. Even minor discrepancies can lead to processing errors.
2. Confirm Branch Codes (If Applicable)
If a specific branch’s SWIFT code is required, cross-check the branch details with the recipient to avoid misdirected funds.
3. Double-Check the Country
Banks in different countries may share similar names. Always confirm that the SWIFT code corresponds to the correct destination country—Bangladesh, in this case.
By adhering to these measures, senders can enhance transaction efficiency and reduce the likelihood of delays or errors. Accurate SWIFT codes not only expedite transfers but also reinforce confidence in the security of international payments.