In international money transfers, selecting the correct SWIFT/BIC code is crucial, as it directly determines whether funds reach the intended recipient’s account. BRAC Bank PLC, a leading financial institution in Bangladesh, provides the SWIFT code BRAKBDDHXXX to facilitate secure and efficient cross-border transactions.
Key Details
- Bank Name: BRAC BANK PLC
- Address: ANIK TOWER, FLOOR 11, 220/B TEJGAON GULSHAN LINK ROAD, TEJGAO, DHAKA, DHAKA, 1208
- Country: BANGLADESH
Using the bank’s SWIFT code simplifies international transfers. For example, if sending $10,000 from Bangladesh to France, the recipient would receive approximately €8,487, depending on current exchange rates and applicable fees.
Transfer Methods
BRAC Bank supports multiple transfer options, with direct debit being a common choice. Funds typically arrive within three business days, though some bank transfers may complete within 24 hours, offering flexibility to customers.
Why Accurate SWIFT Codes Matter
To avoid delays or failed transactions, verifying the correct SWIFT code is essential. Key considerations include:
- Bank Verification: Confirm the recipient bank’s name matches the provided details.
- Branch Specifics: If using a branch-specific SWIFT code, ensure it aligns with the recipient’s requirements.
- Code Classification: Different SWIFT codes may apply to distinct branches of the same bank, impacting transfer success.
BRAC Bank operates numerous branches, some of which may use unique SWIFT codes for specialized services. Verifying the correct code for the intended branch is critical to preventing complications.
Understanding BRAC Bank’s SWIFT/BIC code and transfer protocols enhances efficiency and safeguards funds. Whether for personal or business transactions, selecting the right transfer method and accurate code ensures seamless international payments.