Social Islami Bank Limited SWIFT/BIC code

What SOIVBDDH means for a payment to Social Islami Bank Limited

Whether you are given SOIVBDDH or SOIVBDDHXXX, it is the identical address for Social Islami Bank Limited in Bangladesh. A BIC has a single purpose: it makes sure that a cross-border transfer ends up at the right bank. It comes up mostly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who pays into an account at Social Islami Bank Limited. Remember that the SWIFT code only identifies the bank, not the person: the IBAN or account number does that part.

Receiving money from abroad at Social Islami Bank Limited

To receive a transfer from abroad into your account at Social Islami Bank Limited, the person paying you has to have not just the BIC. Share your name as the bank knows it, the IBAN or account number, the BIC SOIVBDDHXXX and your address, which some banks require.

You can include the bank name and Dhaka as well, because some payment forms have separate fields for them. Check each detail before you share them, because the sender’s bank usually copies them as is.

Do not be surprised if the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate applies. On invoices, it is common to agree who bears the costs, so that nobody is left short.

Transfer times and tracking a payment to Social Islami Bank Limited

How quickly a transfer reaches Social Islami Bank Limited is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Bank holidays in either country can add a day or more to the journey. Sometimes a bank asks what the payment is for.

Many banks use SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR. Keep the payment confirmation.

A missing payment has to be investigated by the sending bank on the basis of the transfer details. On the receiving end, it helps to check your account to see a partial amount, since fees may have been deducted.

International transfers from Social Islami Bank Limited: the real cost

The price of an international transfer is made up of several parts. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, above all, the exchange rate markup.

Many banks rarely list their exchange rate markup separately. An easy check: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For many currency pairs, a specialist provider turns out to be cheaper than a bank. Next time you send money, take a minute comparing what arrives on GoldexPay rather than accepting the bank’s rate by default. Choosing a specialist does not require leaving Social Islami Bank Limited: you simply pay the service from your account.

Watch out for payment fraud

A common scam works like this: an email arrives with a message saying that a company has a new bank account and that the next payment should go there. A correct SWIFT code says nothing about who owns the account.

Verify new bank details via a different channel, such as a phone number you already know, not by replying to the message. Urgency or secrecy are warning signs – a real supplier can wait a day. Already paid? Contact the bank you paid from straight away and have them start a recall; also report it to the police.

Recipients are targeted too: a classic trick is an overpayment followed by a request to refund the difference to another account. Do not act before the money is actually in your account – ask Social Islami Bank Limited if something looks wrong.

SOIVBDDH or SOIVBDDHXXX – which one to use?

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. That gives you SOIVBDDH for Social Islami Bank Limited.

The 11-character version adds three more characters for a branch or department. If the last three are XXX, they simply mean the head office.

Type the code as one block, in upper case and without separators, exactly as shown here. Watch for O versus 0 and I versus 1, a common source of typos.

Head office or branch code at Social Islami Bank Limited?

With 25 codes in 7 cities, Social Islami Bank Limited is one of the banks that register separate codes for parts of the organisation. The main code remains SOIVBDDHXXX.

For the vast majority of payments to a private or business account, the head office code SOIVBDDHXXX works fine. Just use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

Unsure which code to use? Ask the recipient, or look at a recent statement from Social Islami Bank Limited. Codes can change when banks reorganise, so a code from an old document is not always valid.

How to check SOIVBDDH before you pay

Have the recipient copy their bank details straight from a recent statement. Check that code against SOIVBDDH here; if they differ, ask before you pay.

Mistakes in the SWIFT code tend to be costly rather than fatal – usually the money comes back, minus fees and time lost. A mistake in the account number is more serious, so check that just as carefully.

Many banking apps check the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check before sending adds extra certainty. Sending a small amount first is worth it for large sums.

A note on our data

The codes here are taken from publicly available data. It is possible that information here is no longer current, for example after a merger. Figures such as the number of codes are from our own dataset and are not confirmed by Social Islami Bank Limited.

Treat our directory on this page as a helpful check. GoldexPay is independent of Social Islami Bank Limited; we are a comparison site for money transfers. Spotted an error? Tell us through the contact page and we will look into it.