Banking

How to Find Your Bank’s SWIFT Code in Bangladesh

Sending or receiving money internationally often feels like navigating a maze. One crucial piece of information you'll definitely need when dealing with banks in Bangladesh for cross-border transactions is the SWIFT code. But what is it, and more importantly, how do you find the right one for your bank?

Don't worry, it's usually quite straightforward. Let's break down how to locate your bank's SWIFT code in Bangladesh.

What Exactly is a SWIFT Code (and is it the same as a BIC)?

Think of a SWIFT code as an international address for a specific bank branch. SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. It's a standard format of Bank Identifier Codes (BIC), and yes, the terms SWIFT code and BIC are often used interchangeably.

This unique code helps banks identify each other globally, ensuring your money lands in the right institution when making international transfers. It typically consists of 8 or 11 characters:

  • First 4 characters: Bank code (letters only)
  • Next 2 characters: Country code (letters only - BD for Bangladesh)
  • Next 2 characters: Location code (letters or numbers)
  • Last 3 characters (optional): Branch code (letters or numbers - 'XXX' often represents the head office)

Why Do You Need the SWIFT Code for Bangladeshi Banks?

You'll primarily need a SWIFT code when:

  • Sending money from an overseas account to a bank account in Bangladesh.
  • Receiving money from an overseas source into your Bangladeshi bank account.
  • Setting up certain international payment services linked to your Bangladeshi account.

Without the correct SWIFT code, your international transfer could be delayed, rejected, or even sent to the wrong bank, potentially incurring extra fees.

Methods to Find Your Bank's SWIFT Code in Bangladesh

Here's the good news: finding the correct SWIFT code isn't usually like searching for hidden treasure. Here are the most reliable ways:

1. Check Your Bank Statement

Some banks include their SWIFT/BIC code directly on your paper or electronic bank statements. Take a look at a recent statement, often in the header or footer section containing the bank's contact details.

2. Visit Your Bank's Official Website

This is often the most reliable and up-to-date method. Most major banks in Bangladesh have a dedicated section on their website for international banking, correspondent banks, or FAQs. Look for terms like "SWIFT Code," "BIC Code," "International Transfers," or "Remittance Information."

Pro Tip: Search directly on their site using their search bar if they have one. Try searching for "SWIFT".

3. Use Online SWIFT/BIC Finders (Use with Caution)

There are several third-party websites dedicated to listing SWIFT codes. While convenient, be aware that these might not always have the most current information or could list incorrect codes. Always try to verify the code found here with an official bank source (website or customer service) before using it.

4. Contact Your Bank Directly

When in doubt, the safest bet is always to contact your bank's customer service. You can:

  • Call their customer helpline.
  • Visit your local branch.
  • Use their official online chat support (if available).

Clearly state that you need the SWIFT/BIC code for receiving international wire transfers to your specific account or branch.

Common SWIFT Codes for Major Banks in Bangladesh (For Reference Only - Always Verify!)

While it's essential to verify the code directly with your bank as codes can change or vary by branch, here are some commonly cited SWIFT codes for the head offices of major banks in Bangladesh. Do not use these without confirming with your bank!

  • Agrani Bank Limited: AGBKBDDH
  • BRAC Bank Limited: BRAKBDDH
  • Dutch-Bangla Bank Limited: DBBLBDDH
  • Eastern Bank Limited: EBLDBDDH
  • IFIC Bank Limited: IFICBDDH
  • Islami Bank Bangladesh Limited: IBBLBDDH
  • Janata Bank Limited: JANBBDDH
  • National Bank Limited: NBLBBDDH
  • Pubali Bank Limited: PUBABDDH
  • Rupali Bank Limited: RUPBBDDH
  • Sonali Bank Limited: BSONBDDH
  • Standard Chartered Bank (Bangladesh): SCBLBDDX
  • The City Bank Limited: CIBLBDDH
  • United Commercial Bank Limited: UCBLBDDH
  • Uttara Bank Limited: UTBLBDDH

Disclaimer: This list is for informational purposes only and may not be exhaustive or fully up-to-date. Branch-specific codes may differ. Always confirm the correct SWIFT code with your specific bank branch before initiating any transaction.

Important Considerations

  • Double-Check Everything: Accuracy is paramount. An incorrect digit can cause major headaches. Double-check the code you find against an official source.
  • Head Office vs. Branch Code: Sometimes, using the head office SWIFT code is sufficient, but some transfers might require a specific branch code (the 11-character version). Ask the sending institution or your bank if the 8-character head office code is acceptable or if a specific branch code is needed.
  • Provide Full Details: Along with the SWIFT code, the sender will usually need your full name (as it appears on the account), your bank account number, and the bank's full name and address.

Conclusion

Finding your Bangladeshi bank's SWIFT code is a necessary step for smooth international money transfers. By checking your bank statement, browsing the official bank website, or contacting customer service directly, you can easily find this vital piece of information. Remember to always verify the code from an official source before providing it for any transaction to avoid delays and potential issues. Happy banking!