In today's globalized financial landscape, international money transfers have become commonplace. For those looking to send funds to Eastern Bank PLC in Bangladesh, knowing its SWIFT code—EBLDBDDH004—is essential for secure and accurate transactions.
What Is a SWIFT Code?
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as a BIC (Bank Identifier Code), serves as a unique identifier for financial institutions worldwide. The code EBLDBDDH004 breaks down as follows:
- EBLD : Bank code for Eastern Bank PLC
- BD : Country code for Bangladesh
- DH : Location code for the specific service area
- 004 : Branch code identifying the Khulna location
Key Details About Eastern Bank PLC
For reference, here are the essential details of the bank:
- Name : Eastern Bank PLC
- City : Khulna
- Address : 07 Old Jessore Road, Khulna, 9100
- Country : Bangladesh
When to Use EBLDBDDH004
This SWIFT code is required when initiating an international wire transfer to Eastern Bank PLC. Ensuring the correct code is used guarantees that funds reach the intended recipient promptly and securely. Incorrect or missing SWIFT codes can lead to delays or failed transactions.
Why SWIFT Codes Matter
SWIFT codes streamline cross-border payments by enabling banks to quickly identify each other. Without an accurate code, transactions may face processing hurdles, increasing the risk of errors or financial losses. Verifying the SWIFT code before initiating a transfer is a critical step in safeguarding your money.
Final Considerations
For individuals and businesses engaging in international transactions, understanding SWIFT codes like EBLDBDDH004 is fundamental to ensuring smooth and secure financial operations. Always double-check the recipient's banking details to minimize risks and enhance transaction efficiency.