When conducting international money transfers, ensuring the secure and accurate delivery of funds to the intended bank is crucial. This becomes particularly important when sending large sums to specific financial institutions, where knowledge of the correct SWIFT code is essential.
More than just a combination of letters and numbers, a SWIFT code serves as a unique global identifier for financial institutions, playing a vital role in international financial transactions.
BRAC BANK PLC uses the SWIFT code BRAKBDDHXXX for international transfers. This code guarantees that funds reach their destination accurately, preventing potential delays or losses caused by incorrect information.
The bank is headquartered in Dhaka, Bangladesh, with its registered office at:
ANIK TOWER, FLOOR 11
220/B TEJGAON GULSHAN LINK ROAD
TEJGAO, DHAKA
DHAKA, 1208
Key Considerations for International Transfers
When using the BRAKBDDHXXX code for transfers, ensure you have complete recipient details, including:
- Beneficiary's full name as registered with the bank
- Correct account number
- Any additional bank-specific requirements
Understanding the bank's processing timelines is equally important for effective financial planning and fund management.
The Importance of SWIFT Codes
SWIFT codes serve as critical components in international banking transactions. They not only facilitate secure and efficient fund transfers but also provide banks with necessary identification and processing support.
For transactions involving BRAC BANK PLC, using the correct SWIFT code BRAKBDDHXXX ensures smooth processing and delivery of funds, contributing to a seamless international banking experience.