Bhutan National Bank SWIFT Code Eases International Transfers

This article provides a detailed analysis of the SWIFT code BNBTBTBTXXX for Bhutan National Bank. It delves into the structure of SWIFT codes, their usage scenarios, and the potential consequences of incorrect usage. The article emphasizes the importance of verifying the accuracy of the SWIFT code with the recipient or the bank when making international remittances to ensure the safe and efficient arrival of funds at their destination.

Imagine a cross-border transfer delayed or returned due to a minor SWIFT code error—not only time-consuming but potentially disruptive to crucial business transactions or personal financial arrangements. In today's increasingly globalized financial landscape, accurately identifying bank SWIFT codes is paramount. This guide focuses on Bhutan National Bank, providing comprehensive information to ensure your international transfers arrive safely and efficiently.

Bhutan National Bank SWIFT Code: BNBTBTBTXXX

The primary SWIFT/BIC code for Bhutan National Bank is BNBTBTBTXXX . This alphanumeric sequence serves as the bank's unique international identifier—essentially its "global passport" for financial transactions. While this is the bank's general code, specific services or branches may require alternative SWIFT codes in certain circumstances.

Understanding SWIFT Code Structure

SWIFT codes (also called BIC codes) consist of 8 to 11 characters that precisely identify financial institutions worldwide. The components break down as follows:

Bank Code (4 letters): The initial characters represent the specific bank (BNBT for Bhutan National Bank).
Country Code (2 letters): These indicate the bank's home country (BT for Bhutan).
Location Code (2 characters): Typically identifies the bank's headquarters (BT in this case).
Branch Code (3 optional characters): Specifies particular branches (XXX denotes the primary office or no specific branch).

When to Use BNBTBTBTXXX

The primary SWIFT code applies in these common scenarios:

Initiating international transfers to Bhutan National Bank accounts
When recipients haven't provided branch-specific codes
For transactions processed through the bank's central office
As a default identifier when uncertain about alternative codes

Verifying Correct SWIFT Codes

While BNBTBTBTXXX serves as the primary identifier, we recommend these verification steps:

Confirm with recipients—they can find the code on bank statements or through direct inquiry
Contact Bhutan National Bank directly with recipient account details for verification

Risks of Incorrect SWIFT Codes

Using erroneous codes may result in:

Delayed fund transfers
Failed transactions requiring reinitiation
Additional processing fees
Potential misdirection of funds in extreme cases

Local Branch Information

Bhutan National Bank maintains multiple branches throughout Bhutan. For branch-specific SWIFT codes or location details, consult the bank's official channels.

Precision Matters

Accurate SWIFT codes remain fundamental to successful international banking. While BNBTBTBTXXX serves as Bhutan National Bank's primary identifier, confirmation with recipients or the bank ensures seamless transactions. Proper verification prevents unnecessary complications, safeguarding your cross-border financial activities.