When initiating international wire transfers, even minor errors in banking details can lead to significant delays. This is particularly critical for transactions relying on SWIFT codes, which serve as unique identifiers for financial institutions worldwide. For First Security Islami Bank PLC’s Chittagong branch in Bangladesh, the correct SWIFT/BIC code is FSEBBDDHJUB , a key component in the global financial network.
Understanding the structure of SWIFT codes is essential. These codes consist of 8 to 11 characters, with the first eight identifying the bank, country, and city. The optional last three characters specify a particular branch, with "XXX" typically denoting the bank’s headquarters or primary office.
Using an outdated or incorrect SWIFT code can result in delayed transfers, misrouted funds, or even outright rejection by the receiving bank. Such errors not only waste time but may also incur additional fees. Verifying the accuracy of the SWIFT code before initiating a transfer is therefore crucial.
To confirm the correct SWIFT code for First Security Islami Bank PLC, consider these steps: First, contact the bank directly to obtain the most current information. Second, review the bank’s official website, where such details are often published. Third, consult with your local financial institution for verification.
For international transfers to First Security Islami Bank PLC’s Chittagong branch, using the precise SWIFT code FSEBBDDHJUB helps prevent unnecessary complications. Accurate information enhances both the security and efficiency of cross-border transactions.