Brac Bank Limited SWIFT/BIC code

Brac Bank Limited SWIFT code: BRAKBDDH

Whether you are given BRAKBDDH or BRAKBDDHXXX, it is the identical identifier for Brac Bank Limited in Bangladesh. Every bank on the SWIFT network uses these codes to direct payments between countries to the correct bank. In practice you usually see the code on invoices from abroad, in your banking app and on the account details of Brac Bank Limited customers.

This page is meant to help anyone who receives money at an account at Brac Bank Limited without mistakes. A SWIFT code names a bank or branch, not a single account.

Getting paid from abroad into a Brac Bank Limited account

For an international payment at Brac Bank Limited, the person paying you has to have not just the BIC. The basics are: your name, IBAN or account number, BRAKBDDHXXX and in many cases your postal address.

Their bank might request the address of your bank, in which case the Dhaka head office is the usual answer. A mistake in the IBAN can be more trouble than you might think.

What lands in your account can be less than what was sent. Charges on incoming payments vary per bank. For business payments, it is common to agree who bears the costs.

What a transfer from Brac Bank Limited abroad really costs

An international bank payment costs more than the listed fee. You pay the fee for the transfer itself, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate if the currency changes.

Many banks rarely list the margin on the rate as a cost. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. Next time you send money, it is worth comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Brac Bank Limited, while a cheaper service handles the conversion.

Verifying the SWIFT code of Brac Bank Limited

The most reliable source for the BIC is the bank details provided by the recipient. Check it against BRAKBDDH on this page.

An incorrect BIC may lead to a delay, a payment being sent back or extra fees. A mistake in the IBAN or account number is a bigger problem because it can reach the wrong person; check it just as carefully.

A validity check in your banking app merely tells you that the code exists – not that it belongs to the person you mean to pay. Some banks now check the payee name with the account – do not ignore a mismatch warning. A small test payment can be a sensible step for a large first payment despite the extra fee.

BRAKBDDH or BRAKBDDHXXX – which one to use?

A BIC is made up of fixed blocks: the first four letters stand for the bank, characters five and six give the country and the two after that mark the location. Combined, these eight characters form BRAKBDDH.

Most payment forms accept both lengths. If yours asks for eleven characters, use BRAKBDDHXXX; if it wants eight, use BRAKBDDH.

In practice the code is written in capitals. Copying the code is safer than typing it by hand: a typo can point to another bank.

How up to date is this code?

The codes on this page come from public sources. It is possible that information here is out of date. Figures such as the number of codes are from our own dataset.

See the information here as a helpful check, and let the details from the recipient or Brac Bank Limited have the final say. GoldexPay is an independent comparison site for money transfers and not affiliated with Brac Bank Limited. Spotted outdated information? Tell us via our contact form so we can correct it.

How long does an international transfer to Brac Bank Limited take?

There is no single delivery time for every transfer: many arrive within a day while others need several business days. Transfers sent late in the day or just before weekends and holidays usually start the next business day. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, contact your bank for the status or the UETR; with that reference banks can see where the payment is. Keep your transfer receipt until the recipient confirms.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for the payment receipt; that often settles the question quickly.

Head office or branch code at Brac Bank Limited?

Brac Bank Limited uses 2 separate SWIFT/BIC codes across 1 cities. One of them is the head office code; the others belong to branches, and sometimes specific services.

For most payments to a private or business account, the head office code BRAKBDDHXXX is what you need. Branch codes are only needed when the account holder explicitly mentions it.

Not sure which code to use? Check with the recipient, or look at a recent statement from Brac Bank Limited. Codes are sometimes changed or retired when banks reorganise.

Scams that use SWIFT codes

One of the most common tricks goes like this: you receive a message saying that a supplier has new bank details and asking you to pay there from now on. A valid SWIFT code tells you nothing about who owns the account.

Never trust contact details in the same message that announces the new account. Pressure and secrecy tend to be warning signs; a genuine business can wait for you to check. When a payment was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also target the receiver. Someone claims to have sent too much and wants you to refund the extra. Wait until the money has really arrived – ask Brac Bank Limited if something looks wrong.