First Security Islami Bank Limited SWIFT/BIC code

SWIFT/BIC code of First Security Islami Bank Limited

FSEBBDDH and FSEBBDDHXXX are two ways of writing the same bank identifier, and both lead to First Security Islami Bank Limited in Dhaka. Every bank on the SWIFT network uses BIC codes to route payments between countries to the correct institution. You will need it mostly for payments that cross a border and payments in foreign currencies.

Below we go through the practical questions: receiving money at First Security Islami Bank Limited, paying someone in another country and how to verify the code before you confirm a payment. The SWIFT code on its own does not identify a personal account; for that you need the account number or IBAN .

How long does an international transfer to First Security Islami Bank Limited take?

How quickly a payment arrives at First Security Islami Bank Limited depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Weekends and public holidays in either country can add a day or more to the journey. Sometimes a bank wants to know what the payment is for before releasing it.

Many banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique reference, the UETR. Specialist transfer services often show tracking online so you can see how far the money has got.

A delayed transfer is traced by the sending bank, using the payment confirmation. As a recipient, you can look at your account for a slightly lower amount.

First Security Islami Bank Limited: head office code versus branch codes

First Security Islami Bank Limited uses 13 different SWIFT/BIC codes across 3 locations. Only one is the head office code, FSEBBDDHXXX; the others identify branches or departments.

For the vast majority of incoming transfers, the head office code FSEBBDDHXXX is the right choice. When you receive a specific code, stick to it instead of replacing it with the head office code.

The safest route is to take the code straight from the account holder’s statement. Codes for branches are more prone to be retired than FSEBBDDHXXX.

Watch out for payment fraud

Be wary when someone unexpectedly wants you to send money to a different account abroad. The fact that FSEBBDDH exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Verify changed payment details via a different channel. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. Already paid? Contact your bank straight away and ask them to try to recall the payment and report the fraud.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to refund the difference abroad. A screenshot of a transfer is no proof.

FSEBBDDH or FSEBBDDHXXX – which one to use?

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. Together, those parts make up FSEBBDDH.

XXX at the end of FSEBBDDHXXX does not stand for a placeholder or an error: it indicates the main office of First Security Islami Bank Limited. Some forms ask for 11 characters, in which case you simply enter XXX behind FSEBBDDH.

In practice the code is typed in capitals. Watch for O versus 0 or the letter I and the digit 1, a common source of typos.

What to give a sender who pays you at First Security Islami Bank Limited

When you expect money from abroad, give the sender everything they need in one go. What they need is: your name, IBAN or account number, FSEBBDDHXXX and in many cases your postal address.

The sender’s bank may request the address of your bank. Check each detail before you send them.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Fees for incoming transfers vary per bank; check the price list of First Security Islami Bank Limited. On invoices, you can agree who bears the costs, so that nobody is left short.

International transfers from First Security Islami Bank Limited: the real cost

The price of a payment abroad is made up of more than one component. You pay the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

Banks do not list their exchange rate markup as a cost – you only notice it if you compare. A simple test: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Money transfer services often use a rate near the mid-market rate and lower fees. GoldexPay compares these services side by side so you can see what actually arrives for the same amount sent. You can always keep your account at First Security Islami Bank Limited as the source of the money.

Verifying the SWIFT code of First Security Islami Bank Limited

The safest source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Check it with FSEBBDDH here and ask if anything does not match.

Errors in the SWIFT code are costly more than fatal – usually the money comes back, minus fees and time lost. An error in the account number can be a bigger problem, because the money may be credited to someone else, so check that just as carefully.

Most online banking apps validate the format of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now compare the name with the account. Sending a small amount first can be worth it for a large first payment despite the extra fee.

About this information

The details here come from publicly available data which we refresh regularly. Institutions merge, change names and change codes – a directory can be a step behind. Counts and locations come from our own dataset.

Treat our directory here as a handy check and rely on the recipient or First Security Islami Bank Limited for the final confirmation. GoldexPay is an independent comparison site for money transfers and not part of First Security Islami Bank Limited. Spotted an error? Tell us through the contact page and we will look into it.