When sending or receiving international wire transfers through Dutch-Bangla Bank, knowing the correct SWIFT code is essential. This unique code ensures your transaction reaches the right financial institution securely and without delay. Dutch-Bangla Bank, one of Bangladesh’s leading private commercial banks, is widely used for international banking services. Understanding how the SWIFT code functions, where to find it, and why it’s important is crucial for anyone involved in cross-border transactions involving this bank.
What Is a SWIFT Code?
Definition and Purpose
SWIFT code, short for Society for Worldwide Interbank Financial Telecommunication code, is a standard format used globally to identify specific banks. It is used in international money transfers and communications between financial institutions. The code consists of 8 or 11 characters and contains vital information about the bank, its location, and branch.
For Dutch-Bangla Bank, the SWIFT code allows banks outside Bangladesh to securely and accurately process international transactions. This code is especially useful for businesses, students, and expatriates who often receive or send funds to and from Bangladesh.
Structure of a SWIFT Code
A typical SWIFT code is structured as follows:
- First 4 characters: Bank code (alphabetic)
- Next 2 characters: Country code (alphabetic)
- Next 2 characters: Location code (alphanumeric)
- Last 3 characters (optional): Branch code (alphanumeric)
This standardized structure makes it easy to identify and verify banking institutions globally.
SWIFT Code of Dutch-Bangla Bank
Primary SWIFT Code
The primary SWIFT code for Dutch-Bangla Bank isDBBLBDDH. This code is used for the bank’s head office located in Dhaka, Bangladesh. It is the most commonly used code when the branch code is not specified or when transactions are directed to the main office.
Breakdown of DBBLBDDH
- DBBL: Stands for Dutch-Bangla Bank Limited
- BD: The country code for Bangladesh
- DH: Location code for Dhaka
When sending money internationally to an account held at Dutch-Bangla Bank, this is the code you would typically use unless the receiving branch has a designated code of its own.
When You Need the SWIFT Code
International Wire Transfers
The most common use of the Dutch-Bangla Bank SWIFT code is for sending or receiving wire transfers across borders. Whether you’re receiving tuition fees, family remittances, or conducting international business payments, you will need to provide the SWIFT code to ensure accurate delivery of funds.
Receiving Money from Abroad
If you have a Dutch-Bangla Bank account and are receiving money from overseas, the sender will need:
- Your full name (as per bank record)
- Your bank account number
- The name and address of the bank (Dutch-Bangla Bank Limited)
- The SWIFT code: DBBLBDDH
Online Banking and E-Commerce
Many e-commerce platforms and global payment systems may request the SWIFT code during the bank account setup process for receiving international payments. Freelancers, exporters, and small businesses often use Dutch-Bangla Bank for this purpose.
Finding Branch-Specific SWIFT Codes
Using the Head Office Code
In many cases, especially for personal transactions, using the general SWIFT code (DBBLBDDH) is sufficient. However, certain branches of Dutch-Bangla Bank may have their own unique SWIFT codes, especially for large corporate transactions or specific foreign exchange services.
How to Locate the Correct Code
To ensure that the right code is being used, consider the following:
- Check with your local Dutch-Bangla Bank branch.
- Review the bank’s official documentation or bank statement.
- Speak with the recipient to confirm the correct code for their specific branch.
Using the wrong SWIFT code can lead to delayed or rejected transactions, so it’s always better to double-check before proceeding.
Differences Between SWIFT Code and Routing Number
For International vs Domestic Transfers
While the SWIFT code is used for international transfers, routing numbers are more commonly used in countries like the United States for domestic transactions. In Bangladesh, SWIFT codes are the primary method of identifying banks in cross-border banking.
It’s important not to confuse the two. For example, when receiving funds from a U.S. bank into a Dutch-Bangla Bank account, the SWIFT code is necessary not a routing number.
Security and Accuracy
Importance of Correct Information
When entering the SWIFT code during an international transfer, accuracy is crucial. Even a small mistake can result in funds being sent to the wrong institution or being returned to the sender after a delay.
To protect your money and ensure it reaches the right account, always use verified sources for banking information. It is advisable to call your branch or check your bank’s official correspondence before initiating an international payment.
Data Privacy and Financial Safety
SWIFT codes are secure and part of a highly encrypted system that helps ensure the privacy and protection of international financial messages. This standardized global system is trusted by banks, corporations, and governments around the world.
Benefits of Using Dutch-Bangla Bank for International Transfers
Widespread Branch Network
Dutch-Bangla Bank has one of the largest branch networks in Bangladesh, making it convenient for people across the country to access international banking services. Whether you’re in Dhaka, Chittagong, or Sylhet, you’ll likely find a branch nearby.
Modern Banking Solutions
The bank offers a wide range of digital services including mobile banking and online fund transfers, making it easier for account holders to track incoming international payments and manage their finances effectively.
Trusted International Partnerships
Dutch-Bangla Bank has partnerships with many leading financial institutions worldwide, which makes the international fund transfer process faster and more reliable. These alliances also enhance the reach of the SWIFT code and improve payment accuracy.
Knowing the SWIFT code of Dutch-Bangla Bank is essential for any international banking activity. Whether you’re sending or receiving money from abroad, this code plays a critical role in the smooth and accurate transfer of funds. The main SWIFT code for Dutch-Bangla Bank DBBLBDDH is used for the head office in Dhaka, and in most cases, it’s the only code you need. For added precision, always verify with your local branch, especially for high-value or business-related transactions. With secure infrastructure, a customer-friendly approach, and a growing global presence, Dutch-Bangla Bank continues to be a reliable choice for international banking in Bangladesh.