Islami Bank Bangladesh LTD SWIFT/BIC code

Islami Bank Bangladesh LTD SWIFT code: IBBLBDDH

The 8-character code IBBLBDDH and the full code IBBLBDDHXXX identify the same bank: Islami Bank Bangladesh LTD. A BIC does one job: it makes sure that a cross-border transfer ends up at the right bank. In practice you usually come across the code on international invoices, in your banking app and in the bank details of Islami Bank Bangladesh LTD customers.

Further down we go through the practical side: money coming in from abroad, paying someone in another country and how to check the code before you confirm a payment. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number is for.

Verifying the SWIFT code of Islami Bank Bangladesh LTD

The safest source for a SWIFT code is the recipient’s own bank details. Compare it against IBBLBDDH on this page.

An incorrect BIC may lead to delays, a returned payment or extra fees for investigation. Do not forget the account number: a mistake there can be harder to correct than a wrong code.

A validity check by your bank only tells you that the IBAN exists – not that it belongs to the person you mean to pay. More and more banks check the name against the account before you confirm – do not ignore a mismatch warning. For a first payment, some people start with a small test amount and wait for confirmation.

Protect yourself against fake payment requests

Scammers regularly use fake invoices with changed bank details. A real SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Never trust a phone number in the same message that contains the change. Urgency and secrecy tend to be warning signs. If money has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

Scams also work the other way. Someone sends more than agreed and asks you to refund the extra via a different route. Do not act before the money has really arrived and check with Islami Bank Bangladesh LTD if anything seems off.

Islami Bank Bangladesh LTD: head office code versus branch codes

With 65 codes, Islami Bank Bangladesh LTD belongs to the banks that register individual codes for branches and departments. The head office code remains IBBLBDDHXXX.

If nobody asks you for a branch code, use IBBLBDDHXXX. Branch codes are only needed if the recipient’s bank specifically asks for it.

The best way is to take the code straight from the account holder’s invoice. Branch codes are more likely to be retired than IBBLBDDHXXX when a bank merges or closes offices.

How up to date is this code?

The details here are taken from publicly available data. Institutions merge, change names and retire codes. Figures such as the number of codes come from our own dataset and may differ from what Islami Bank Bangladesh LTD publishes.

Treat the information here as a helpful check. GoldexPay has no connection to Islami Bank Bangladesh LTD, we only compare transfer services. Spotted outdated information? Let us know via our contact form so we can correct it.

Receiving money from abroad at Islami Bank Bangladesh LTD

If you are waiting for a payment from another country, send the payer everything they need in one go. Share your name as the bank knows it, the IBAN or account number, the BIC IBBLBDDHXXX and your address, which some banks require.

Certain sending banks want the name and address of Islami Bank Bangladesh LTD; it does no harm to include it. A typo in your account number is more trouble than you might think, so copy the details from your online banking.

What lands in your account can be lower than what was sent. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin applies. On invoices, it is common to state how the fees are split, so that nobody is left short.

When will the money arrive at Islami Bank Bangladesh LTD?

A SWIFT payment usually takes anywhere from one to several business days – it depends on currency, route and the banks in between. Transfers sent late in the day or on weekends and holidays usually start the next business day. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

If a transfer is late, contact your bank for the status or the UETR. Keep your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer has to be traced from the sending side on the basis of the transfer details. Request from the sender the payment receipt; that often settles the question quickly.

Sending money abroad from Islami Bank Bangladesh LTD

An international bank payment costs more than the fee suggests. Besides the transfer fee, banks in between may deduct a fee, and when the money changes currency, the bank usually uses a rate that is less favourable than the actual market rate.

The real cost is often in the rate, not in the fee: many banks convert using an exchange rate that includes a margin. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialist money transfer services frequently offer a rate near the mid-market rate with clearer fees. GoldexPay compares what recipients receive across services, which makes the cheapest option easy to spot. You can always keep your account at Islami Bank Bangladesh LTD to fund the transfer; only the conversion and sending happen elsewhere.

8 or 11 characters: IBBLBDDH versus IBBLBDDHXXX

A BIC is made up of a few fixed parts: the first four letters identify the bank, the next two show the country and characters seven and eight mark the location. In this case, the 8-character core is IBBLBDDH.

XXX at the end of IBBLBDDHXXX does not stand for a placeholder or a mistake: it stands for the head office of Islami Bank Bangladesh LTD. Some forms ask for 11 characters, and then you can enter XXX behind IBBLBDDH.

Type the code in one piece, in upper case and without spaces, exactly as shown here. Copying the code beats retyping it.