Bank Asia LTD SWIFT/BIC code

Bank Asia LTD SWIFT code: BALBBDDH

BALBBDDH and BALBBDDHXXX are two ways of writing the same SWIFT/BIC code, and both lead to Bank Asia LTD in Dhaka. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money, much like a postcode for banks. In daily life you mostly see it on invoices from abroad, in your banking app and on the account details of Bank Asia LTD customers.

Below we go through the practical side: receiving money at Bank Asia LTD, paying someone in another country and how to verify a SWIFT code before you hit send. The BIC names an institution, never a single account, which is why you always need the account number too.

Changed bank details? Be careful

Scammers regularly send fake invoices containing changed bank details sent from what looks like a familiar address. A correct SWIFT code says nothing about who owns the account – scammers simply use real codes.

Before paying, verify changed bank details through a phone call on a number you know, not one from the message. Urgency or secrecy are warning signs. Already paid? Contact your bank without delay and have them start a recall.

Scams also target the receiver: someone sends more than agreed and asks you to return the difference. Do not act before the money is actually in your account.

How to check BALBBDDH before you pay

The most reliable place for the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. Check that code against BALBBDDH here; if they differ, ask before you pay.

If the code is wrong, the transfer may get stuck, bounce back or end up costing more – sometimes after weeks of searching. An error in the IBAN or account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

Most online banking apps check the format of an IBAN and sometimes look up the BIC automatically – that confirms the format, not the owner. If your bank offers it, a name check before sending gives an extra layer of safety. When you pay someone new, many people send a small amount first and wait for confirmation.

Sending money abroad from Bank Asia LTD

An international bank payment can cost rather more than the fee suggests. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, most importantly, the exchange rate markup when the money is converted.

Many banks do not show their exchange rate markup separately – you only notice it if you compare. A simple test: set the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay lists transfer providers next to each other, showing what actually arrives before you commit. Using a transfer service does not mean leaving Bank Asia LTD: you simply pay the service from your account.

Receiving money from abroad at Bank Asia LTD

A sender in another country needs several details from you – incomplete details often cause delays. What they need is: your name, account number or IBAN, BALBBDDHXXX and in many cases your home address.

You can include Bank Asia LTD and Dhaka as well, since some forms ask for it. Check each detail before you share them.

The amount you receive can be less than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who covers the fees, especially for larger amounts.

A note on our data

We gather bank codes using publicly available data and update them regularly. It is possible that a code on this page is out of date, for example after a merger. Figures such as the number of codes are from our own dataset.

For a payment that matters, always confirm the BIC with the recipient’s bank or the recipient. GoldexPay is independent of Bank Asia LTD; we are a comparison site for money transfers. If you notice something that is out of date, we welcome a short note via the contact page.

When will the money arrive at Bank Asia LTD?

There is no fixed delivery time for international payments: many land within a day. Weekends and public holidays in either country add extra days. Occasionally a bank asks about the purpose of a payment.

If a transfer is late, ask the sending bank for the status or the UETR; with that reference banks can see where the payment is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

If a payment has not arrived after a few business days, the person who paid needs to contact their own bank, not the receiving bank. As a recipient, you can look at your statements for a slightly lower amount, since fees may have been deducted.

Choosing between the 21 SWIFT codes of Bank Asia LTD

Our database contains 21 SWIFT/BIC codes for Bank Asia LTD. Next to the head office code BALBBDDHXXX, you will find codes for individual branches and departments.

If nobody asks you for a branch code, go with BALBBDDHXXX. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes are sometimes changed or retired over time.

8 or 11 characters: BALBBDDH versus BALBBDDHXXX

A BIC is built from fixed blocks: characters one to four stand for the bank, characters five and six show the country and characters seven and eight indicate the location. Combined, these eight characters form BALBBDDH.

Many payment forms accept both lengths. If yours asks for eleven characters, use BALBBDDHXXX.

As a rule the code is written in capitals and without spaces. Look out for O versus 0 and I versus 1, a common source of typos.