When conducting international money transfers, selecting the correct bank code can be challenging. This is particularly crucial when dealing with major financial institutions like BRAC Bank, where understanding SWIFT/BIC codes becomes essential for successful transactions.
BRAC Bank's SWIFT Code Details
BRAC Bank PLC's official SWIFT/BIC code is BRAKBDDHOBU . This alphanumeric identifier ensures your funds reach the intended destination accurately. The bank's headquarters are located at ANIK TOWER, 220/B TEJGAON I/A, DHAKA, DHAKA, 1208, Bangladesh.
SWIFT codes serve as unique identifiers for financial institutions worldwide, playing a critical role in securing efficient international money transfers. Using incorrect codes may result in delayed transactions or funds being routed to wrong accounts.
Key Considerations for International Transfers
When preparing to send funds to BRAC Bank, financial experts recommend adhering to these important guidelines:
- Verify the SWIFT code : Always use BRAKBDDHOBU to ensure proper routing to BRAC Bank.
- Confirm bank details : Cross-check the recipient bank's complete address and information to prevent processing errors.
- Understand fee structures : International transfer fees vary significantly between providers; compare options to optimize costs.
- Consider processing times : International transactions typically require 1-5 business days; plan accordingly for time-sensitive payments.
- Maintain transaction records : Keep all transfer documentation for future reference and potential dispute resolution.
Financial institutions emphasize the importance of staying informed about current transfer regulations and policies. A transparent transfer process not only safeguards funds but also facilitates smooth cross-border transactions.
For international remittances, accurate SWIFT codes remain indispensable for secure and efficient fund transfers. BRAKBDDHOBU serves as the critical identifier for successful transactions to BRAC Bank.