The Premier Bank Limited SWIFT/BIC code

The Premier Bank Limited SWIFT code: PRMRBDDH

PRMRBDDH and PRMRBDDHXXX are two ways of writing the same SWIFT/BIC code, and both point to The Premier Bank Limited in Dhaka. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right bank. You will need it mostly when dealing with payments that cross a border and payments in foreign currencies.

We wrote this page to help people who receives money at an account at The Premier Bank Limited and wants to get the details right. The SWIFT code on its own does not identify a personal account; that is what the IBAN or account number is for.

How up to date is this code?

We collect SWIFT/BIC codes using public sources and update them from time to time. Still, banks merge or change codes. Counts and locations are from our own dataset.

For a payment of any size, check the BIC with The Premier Bank Limited or with the recipient. GoldexPay is a comparison site for money transfers and not part of The Premier Bank Limited. Spotted outdated information? Let us know through the contact page.

What to give a sender who pays you at The Premier Bank Limited

When you are waiting for a payment from another country, send the payer all details at once. Give them the account holder’s name, the IBAN or account number, the BIC PRMRBDDHXXX and your address, which some banks require.

You can include the bank name and Dhaka as well, since some forms ask for it. A typo in the IBAN can be harder to fix than you might think; copy them from your banking app rather than typing.

An incoming payment will not always land in full. Intermediary banks may deduct a fee, The Premier Bank Limited may charge for incoming payments, and if the money is converted, an exchange rate margin applies. Make clear with the sender who pays which costs before the money is sent.

8 or 11 characters: PRMRBDDH versus PRMRBDDHXXX

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six give the country and the two after that indicate the location. That gives you PRMRBDDH for The Premier Bank Limited.

Most payment forms work with both lengths. If a form requires eleven characters, use PRMRBDDHXXX, otherwise PRMRBDDH is fine.

Leave out spaces when you type PRMRBDDH. Look out for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

When will the money arrive at The Premier Bank Limited?

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Payments made after the cut-off time or on weekends and holidays usually go out a business day later. Sometimes a bank wants to know what the payment is for, which can hold things up.

Many banks are connected to SWIFT gpi. Each payment carries a unique transaction reference, the UETR that banks can use to trace it. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money is able to request a trace or a recall. Request from the sender the payment receipt – it helps your own bank look for the money.

Changed bank details? Be careful

Scammers often send payment requests with changed bank details. That PRMRBDDH is a real code does not mean that a request mentioning it is legitimate.

Verify new bank details through a different channel, such as a phone number you already know. Urgency and secrecy tend to be warning signs. If a payment was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Fraud can also target the receiver: someone sends more than agreed and asks you to refund the extra. A payment confirmation from the sender is no proof.

International transfers from The Premier Bank Limited: the real cost

If you send money abroad through The Premier Bank Limited, the fee you see is only part of what you pay. Besides a fixed fee, banks in between may take a cut, and when currencies are converted the bank usually applies a rate that is less favourable than the real market rate.

Banks rarely list their exchange rate markup as a cost, but you pay it all the same. A simple test: set the rate you get against the mid-market rate and look at the difference.

Specialist money transfer services often use a rate near the mid-market rate with clearer fees. Before your next transfer, take a minute comparing what arrives on GoldexPay instead of going straight to your bank. You can still use your account at The Premier Bank Limited.

Choosing between the 20 SWIFT codes of The Premier Bank Limited

The Premier Bank Limited uses 20 different SWIFT/BIC codes across 4 locations. One of them is the head office code, PRMRBDDHXXX; the rest belong to branches or departments.

Unless the recipient tells you otherwise, go with PRMRBDDHXXX. When you receive a branch code, use it as it is rather than replacing it for the head office code.

The safest route is to take the code straight from the account holder’s invoice. Codes are sometimes changed or retired over time.

Before you send: check the The Premier Bank Limited code

The best place to find the correct BIC is paperwork issued by the bank. When the code you were given differs from PRMRBDDH or PRMRBDDHXXX, stop and ask – contact the recipient or The Premier Bank Limited.

Errors in the SWIFT code are costly rather than fatal – usually the money comes back, minus fees and time lost. Do not forget the IBAN: a mistake there can be more difficult to correct than a wrong BIC.

Many banking apps validate the structure of IBANs, but that does not prove the account belongs to the right person. If your bank offers it, a name check on the recipient adds extra certainty. For a first payment, many people send a small test amount and wait for confirmation.