In today's globalized financial landscape, international money transfers have become a common service for individuals and businesses alike. However, ensuring secure and efficient cross-border transactions requires careful attention to detail—particularly when selecting the correct SWIFT/BIC code. One such critical identifier is the SWIFT code FSEBBDDHJUB , used for transfers to FIRST SECURITY ISLAMI BANK PLC. in Bangladesh.
Understanding SWIFT Codes
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the international standard for secure financial messaging between banks. Each financial institution has a unique SWIFT code, which ensures funds are routed accurately during cross-border transactions.
For FIRST SECURITY ISLAMI BANK PLC., the complete SWIFT code is FSEBBDDHJUB . This code is essential when sending money to the bank's branch in Chittagong, Bangladesh. Below are the key details:
- Bank Name: FIRST SECURITY ISLAMI BANK PLC.
- City: Chittagong
- Address: Floor 1, 365 Jubilee Road, Chittagong, 4000
- Country: Bangladesh
Ensuring Accurate Transfers
When initiating a transfer to FIRST SECURITY ISLAMI BANK PLC., verifying the SWIFT code ( FSEBBDDHJUB ) and the recipient's details is crucial. Errors in the code or address may result in delays or failed transactions. Always confirm the latest information with the recipient or the bank before proceeding.
For example, if sending $10,000 USD from the U.S., the recipient may receive approximately €8,490 EUR, depending on the exchange rate at the time. Exchange rates fluctuate, so selecting an optimal transfer window can help maximize the received amount.
Key Considerations
To ensure smooth transactions:
- Double-check the SWIFT code and bank details.
- Be aware of potential exchange rate differences.
- Confirm processing times and fees with your sending bank.
By following these steps, senders can minimize risks and ensure their funds reach FIRST SECURITY ISLAMI BANK PLC. securely and efficiently.