When making international bank transfers, confusion often arises around identifying and using SWIFT/BIC codes. These codes are not only critical for bank identification but also play a vital role in ensuring the security of your funds. For instance, the SWIFT/BIC code FSEBBDDHGUL belongs to First Security Islami Bank PLC., enabling smoother financial transactions for its customers.
The code FSEBBDDHGUL is structured to provide specific information:
- FSEB : The bank code, representing First Security Islami Bank PLC.
- BD : The country code, indicating Bangladesh.
- DH : The location code, pointing to the bank’s headquarters.
- GUL : The branch code. If this segment were "XXX," it would denote the bank’s primary office or headquarters.
This standardized format simplifies international transfers, but accuracy is paramount. Verifying the code before initiating a transaction—especially when sending funds across borders—helps prevent errors and delays.
First Security Islami Bank PLC. is headquartered at 122 Gulshan Avenue, Gulshan-2, Dhaka, Bangladesh, with the postal code 1212. Given the dynamic nature of global banking operations, regularly confirming the validity of SWIFT/BIC codes is advisable.
To verify a SWIFT/BIC code, many banks provide updated information on their official websites. Cross-referencing these details before conducting international transactions minimizes financial risks and ensures seamless processing.
In summary, understanding and correctly using SWIFT/BIC codes like FSEBBDDHGUL streamlines international banking while safeguarding your funds. Diligence in verifying these details lays the groundwork for secure and efficient financial transactions.