Basic Bank Limited SWIFT/BIC code

Basic Bank Limited SWIFT code: BKSIBDDH

The short code BKSIBDDH and the 11-character code BKSIBDDHXXX refer to one and the same institution: Basic Bank Limited in Dhaka, Bangladesh. A BIC does one job: it makes sure that money from abroad reaches the right bank. In practice you usually come across it on international invoices, in your banking app and on the account details of Basic Bank Limited customers.

We wrote this page to help anyone who sends money to an account at Basic Bank Limited and wants to get the details right. The BIC identifies an institution, never a single account; the IBAN or account number does that.

Tracking a transfer to or from Basic Bank Limited

There is no single delivery time for every transfer: some arrive the same day or the next, others take several business days. Bank holidays in the sending or receiving country add a day or more to the journey. Occasionally a bank wants to know about the purpose of a payment.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each payment carries a unique reference, the UETR. Save the payment confirmation; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the person who paid needs to start with their own bank. Ask the sender for the payment receipt with the date and reference.

A note on our data

The codes here are taken from publicly available data that we update regularly. Institutions reorganise, change names and retire codes, and a directory never catches every change immediately. The figures we show reflect our own data and not on information from Basic Bank Limited itself.

For any payment of any size, always check the code with Basic Bank Limited or with the recipient. GoldexPay is independent of Basic Bank Limited; we are a comparison site for money transfers. Spotted an error? Tell us through the contact page so we can correct it.

What the XXX in BKSIBDDHXXX means

The structure of every SWIFT code never changes: a bank code of four letters, a two-letter country code and a two-character location code, plus an optional branch code. Combined, those parts form BKSIBDDH – the version you usually see online.

The long version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office.

Type the code as one block, in upper case and without spaces. A wrong letter can send a payment to a different institution.

Choosing between the 17 SWIFT codes of Basic Bank Limited

We have 17 SWIFT/BIC codes for Basic Bank Limited in 6 cities. Next to the head office code BKSIBDDHXXX, there are codes for branches, departments or specific services.

For the vast majority of incoming transfers, the head office code BKSIBDDHXXX is the right choice. A branch code only makes sense when the account holder specifically asks for it, which is more common for corporate accounts and trade services.

Unsure which code applies? Check with the recipient, or look at a recent statement from Basic Bank Limited. Codes for branches are more likely to be retired than BKSIBDDHXXX.

Getting paid from abroad into a Basic Bank Limited account

Someone abroad who wants to pay you needs a few details about your account. What they need is: your name, account number or IBAN, BKSIBDDHXXX and in many cases your postal address.

Certain banks want the address of Basic Bank Limited in Dhaka, so keep it at hand. A mistake in the IBAN is harder to fix than you might think; copy them from your banking app rather than typing.

Do not be surprised if the incoming amount is smaller than what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. On invoices, you can agree who bears the costs, so that nobody is left short.

Changed bank details? Be careful

Be wary if someone unexpectedly wants you to send money to a different account abroad. A valid SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Verify new payment details via a separate channel, never via the email that asked for the change. Urgency or secrecy are red flags – a real supplier can wait a day. Acted too fast? Call your bank without delay and have them start a recall and report the fraud.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to refund the difference abroad. Do not act before the money has really arrived.

Verifying the SWIFT code of Basic Bank Limited

Ask the recipient to send you the bank details straight from a recent statement. Check that code with BKSIBDDH here.

With a wrong code, the payment may be delayed, be returned or cost extra, and tracing it can take weeks. An error in the account number can be more serious because it can reach the wrong person.

Most online banking apps check the format of IBANs, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient adds extra certainty. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

Paying someone abroad from your Basic Bank Limited account

An international bank payment can cost rather more than the listed fee. On top of a fixed fee, banks in between may deduct a fee, and when currencies are converted, the bank usually uses a rate that is less favourable than the real market rate.

Banks do not show the margin on the rate as a cost. Compare their rate against the mid-market rate.

Money transfer services frequently use a rate near the mid-market rate and lower fees. On GoldexPay you can compare what recipients receive with different services. You can still keep your account at Basic Bank Limited, while a cheaper service handles the conversion.