Imagine sending money to a friend in Turkmenistan, only to have the transfer delayed or returned due to an incorrect SWIFT Code. To avoid such frustrations, here’s everything you need to know about Dayhanbank’s SWIFT Code for seamless international transactions.
What Is a SWIFT Code and Why Does It Matter?
A SWIFT Code, also known as a BIC (Bank Identifier Code), serves as a bank’s unique identifier—akin to a financial "passport." It ensures funds reach the correct institution during international transfers. An inaccurate code may result in delays, misrouted payments, or outright rejection. Precision is paramount.
Dayhanbank’s Primary SWIFT Code: BDAYTM22XXX
For transfers to Dayhanbank, the primary SWIFT/BIC Code is BDAYTM22XXX . This code is typically sufficient unless the recipient specifies a branch-specific alternative.
Key Details:
- Bank Name: Dayhanbank
- SWIFT Code: BDAYTM22XXX
- Address: Bitarap Ave, 465
- City: Ashkhabad
- Country: Turkmenistan
When to Use BDAYTM22XXX
This default code applies in these scenarios:
- General international transfers to Dayhanbank without branch-specific instructions.
- Centralized processing: Some banks route all international transactions through their headquarters.
- Absence of branch details: If the recipient provides only an account number and bank name.
Critical Verification Steps
Before initiating a transfer:
- Confirm the SWIFT Code matches Dayhanbank’s official records. Cross-check via the bank’s website or reputable SWIFT directories.
- Verify the recipient’s account number and name exactly as they appear in bank records.
- Check for additional requirements such as beneficiary addresses or intermediary bank details.
Receiving International Transfers
To receive funds, provide the sender with:
- Dayhanbank’s SWIFT Code ( BDAYTM22XXX or a branch-specific variant).
- Your full account number and name (matching bank records).
- Any supplementary details requested by the sending bank.
Branch-Specific SWIFT Codes
While BDAYTM22XXX often suffices, some branches may use unique codes. Always confirm with the recipient or Dayhanbank directly to prevent errors.
How to Locate Branch Information
For branch-specific SWIFT Codes:
- Visit Dayhanbank’s official website.
- Contact the bank’s customer service.
- Request precise details from the recipient.
Common SWIFT Transfer Pitfalls
Avoid these frequent errors:
- Incorrect or outdated SWIFT Codes.
- Mistyped account numbers or beneficiary names.
- Omitted mandatory fields (e.g., tax IDs for certain jurisdictions).
Final Advice
International transfers demand meticulous attention to detail. Double-check all information with recipients and financial institutions to ensure swift, secure transactions. By adhering to these guidelines, you can navigate cross-border payments to Turkmenistan with confidence.