When conducting international wire transfers, ensuring the security and accuracy of transactions is paramount. The correct use of SWIFT/BIC codes plays a critical role in guaranteeing that funds reach their intended destination without delays or errors. This article examines the SWIFT/BIC code of BRAC BANK PLC and its significance in global financial transactions.
BRAC BANK PLC, headquartered at ANIK TOWER, 220/B TEJGAON I/A, DHAKA, DHAKA, 1208, Bangladesh, operates under the SWIFT/BIC code BRAKBDDHOBU . This alphanumeric identifier is essential for facilitating seamless cross-border payments, enabling the bank to process international transfers efficiently.
SWIFT codes (also known as BIC codes) serve as standardized identifiers for financial institutions worldwide. Each code is uniquely structured to map to a specific bank, minimizing risks associated with manual errors or ambiguous routing information. For BRAC BANK PLC, the code BRAKBDDHOBU ensures that client remittances are processed accurately, safeguarding against transactional hiccups.
The importance of SWIFT/BIC codes extends beyond mere identification. In international payments, these codes act as navigational beacons for global financial systems. For instance, when individuals or businesses initiate cross-border transactions, inputting the correct BRAKBDDHOBU code allows payment networks to pinpoint BRAC BANK PLC as the recipient institution, expediting processing times. This precision is particularly vital for time-sensitive commercial operations or urgent personal remittances.
In summary, BRAKBDDHOBU is not just an administrative detail for BRAC BANK PLC—it is a cornerstone of secure and efficient international banking. By adhering to this globally recognized standard, financial institutions mitigate risks and enhance transactional reliability. Whether for personal or corporate use, verifying SWIFT/BIC codes before initiating transfers remains a best practice for ensuring uninterrupted global fund flows.
To avoid complications in international transactions, always confirm SWIFT/BIC codes through authoritative sources. Accurate information is the linchpin of successful cross-border financial activity.