In today's global financial landscape, cross-border transactions have become increasingly common, making the SWIFT code an essential tool for accurate fund transfers. Understanding how to use these codes properly can safeguard your money and ensure timely delivery to the intended bank.
FIRST SECURITY ISLAMI BANK PLC , with its SWIFT/BIC code FSEBBDDH , serves as a prime example of this international banking identifier. Headquartered at 38/1 Road 2, Dhaka, Dhaka 1205, Bangladesh, this financial institution requires the correct SWIFT code for all incoming international wire transfers. Providing accurate information on transfer forms helps prevent unnecessary complications during the transaction process.
The primary function of SWIFT codes is to guarantee that international funds reach their precise destination without errors. When using FSEBBDDH as the identifier, senders can be confident their funds will reach FIRST SECURITY ISLAMI BANK PLC and reflect promptly in the recipient's account. In global transactions, even minor mistakes can lead to significant delays or financial losses—an unacceptable risk in today's interconnected markets.
Correct SWIFT information serves as both a security measure and a critical component of efficient financial management. For businesses conducting international trade or individuals managing overseas assets, clear and accurate transfer details significantly enhance transaction reliability. Whether executing investments, processing commercial payments, or transferring personal funds, using the proper FSEBBDDH code ensures seamless movement of capital.
Understanding the SWIFT system and its importance represents fundamental knowledge for anyone engaging in international finance. Before initiating any transfer, careful verification of all details—including the SWIFT code, bank name, physical address, and country—remains essential for successful transactions and risk mitigation.