Mercantile Bank Limited SWIFT/BIC code

Mercantile Bank Limited SWIFT code: MBLBBDDH

The short code MBLBBDDH and the full code MBLBBDDHXXX identify one and the same institution: Mercantile Bank Limited in Dhaka, Bangladesh. Banks worldwide use BIC codes to route payments between countries to the correct institution. In practice you usually see it on invoices from abroad, in your banking app and on the account details of Mercantile Bank Limited customers.

On this page you will find how the code means, when it matters and what else you need for a transfer to or from Mercantile Bank Limited. The BIC names an institution, not a specific account, which is why you always need the account number too.

MBLBBDDH or MBLBBDDHXXX – which one to use?

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, the next two show the country and the two after that indicate the location. Together, those parts make up MBLBBDDH.

Many payment forms work with both lengths. If yours asks for eleven characters, use MBLBBDDHXXX, otherwise MBLBBDDH is fine.

Enter the code as one block, in capitals and without separators, exactly as shown here. Look out for the letter O and the digit 0 and I versus 1.

Getting paid from abroad into a Mercantile Bank Limited account

If you are waiting for a payment from another country, give the sender all details at once. In practice that means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code MBLBBDDHXXX (or MBLBBDDH) and sometimes your postal address.

Certain sending banks also ask for the address of Mercantile Bank Limited in Dhaka. A mistake in the IBAN can be harder to fix than you might think.

An incoming payment will not always arrive in full. Fees for incoming transfers differ from bank to bank; check the price list of Mercantile Bank Limited. For business payments, you can agree how the fees are split, so that nobody is left short.

Is MBLBBDDH still correct? How to check

Have the recipient copy the account details straight from their banking app. Check that code against MBLBBDDH here.

Errors in the BIC are annoying more than fatal. An error in the account number is more serious, because the money may be credited to someone else.

An automatic check by your bank only confirms that the code exists – not that it belongs to the person you mean to pay. Some banks now compare the payee name against the account – do not ignore a mismatch warning. Sending a small amount first is a sensible step for a large first payment, even if it costs an extra fee.

How up to date is this code?

The codes on this page come from publicly available data. It can happen that a code here is no longer current, for example after a merger. The number of codes on this page reflect our own data.

Treat this page as a reference, rather than as the last word: the recipient’s bank details come first. GoldexPay is an independent comparison site for money transfers and not affiliated with Mercantile Bank Limited. Found an error? Tell us via our contact form so we can correct it.

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

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Transfers sent after the cut-off time or just before weekends and holidays often start the next business day. Occasionally a bank asks what the payment is for, which can hold things up.

If the money seems delayed, ask the sending bank for the status or the UETR so they can trace it along the chain. Specialist transfer services often provide a status in their app so you can see how far the payment is.

The bank that sent the money is able to start an official trace; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt – it helps your own bank look for the money.

Paying someone abroad from your Mercantile Bank Limited account

What you pay for an international transfer has several parts. Besides a fixed fee, banks in between can deduct a fee, and if currencies are converted, the bank usually applies a rate below the real market rate.

The markup on the rate tends to be the largest cost even though it is not listed as a fee. Check the rate you are offered with the mid-market rate.

For many routes, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. On GoldexPay we compare what recipients receive across providers, which makes the cheapest option easy to spot. You can always keep your account at Mercantile Bank Limited; only the conversion and sending happen elsewhere.

Which of the 22 codes of Mercantile Bank Limited do you need?

With 22 codes in 7 locations, Mercantile Bank Limited belongs to the banks that use separate codes for branches and departments. The head office code is MBLBBDDHXXX.

For most incoming transfers, the head office code MBLBBDDHXXX is what you need. Only use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are more likely to be retired than the head office code.

Scams that use SWIFT codes

One of the most common tricks goes like this: an email arrives with a message saying that a contact now has new bank details and asking you to pay there from now on. The fact that MBLBBDDH exists does not mean that the account is genuine.

Before paying, verify changed bank details by phone on a number you know, not one from the message. Urgency or requests to keep it quiet are warning signs; a genuine business can wait for you to check. Acted too fast? Call the bank you paid from straight away and have them start a recall.

Recipients can be targeted as well: a classic trick is an overpayment followed by a request to send back the difference abroad. A screenshot of a transfer proves nothing.