Bank of Bhutan Limited SWIFT/BIC code

SWIFT/BIC code of Bank of Bhutan Limited

If an invoice shows BHUBBTBT or BHUBBTBTXXX, you are looking at the same identifier for Bank of Bhutan Limited in Bhutan. Every bank on the SWIFT network uses these codes to direct international transfers to the right bank. You will need it mostly for transfers between countries.

Below we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. The BIC names a bank or branch, never a single account, which is why you always need the account number too.

Why Bank of Bhutan Limited has an 8- and an 11-character code

A BIC is built from a few fixed parts: the first four letters stand for the bank, characters five and six show the country and the two after that mark the location. Together, these eight characters make up BHUBBTBT – the version you usually see online.

XXX at the end of BHUBBTBTXXX is not a placeholder or a mistake: it stands for the head office of Bank of Bhutan Limited. Certain payment forms ask for 11 characters, and then you simply enter XXX after BHUBBTBT.

Do not add spaces or dashes when you enter BHUBBTBT. A single letter may route a payment to a different institution, so check it twice.

How up to date is this code?

We gather SWIFT/BIC codes using publicly available data and update our list from time to time. Banks reorganise, close branches and change codes, and a directory never catches every change immediately. The number of codes we show are based on our own data.

Before a payment that matters, check the BIC with the recipient’s bank or with the recipient. GoldexPay is independent of Bank of Bhutan Limited, we only compare transfer services. Found outdated information? Let us know via our contact form and we will look into it.

What to give a sender who pays you at Bank of Bhutan Limited

Someone abroad who wants to pay you will ask for several details from you, and missing ones are a common cause of delays. Share the account holder’s name, your account number or IBAN, SWIFT code BHUBBTBTXXX and your address.

The sender’s bank might request the bank address of Bank of Bhutan Limited. A mistake in the IBAN is more trouble than it looks.

Do not be surprised if the incoming amount is smaller than what the sender paid. Fees for incoming transfers differ from bank to bank – the price list of Bank of Bhutan Limited tells you what applies. For business payments, it is common to agree how the fees are split, so that nobody is left short.

Tracking a transfer to or from Bank of Bhutan Limited

There is no fixed answer for international payments: many land the same day or the next while others need several business days. Payments made late in the day or on weekends and holidays often start the next business day. Extra checks by one of the banks may also cause some delay, even when all details are correct.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique reference, the UETR. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the person who paid needs to start with the bank that sent it. As a recipient, it helps to check your account for a slightly lower amount, since fees may have been deducted.

What a transfer from Bank of Bhutan Limited abroad really costs

What you pay for a payment abroad is made up of more than one component. 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 real market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert at a rate with a margin built in. Compare the rate you are offered against the mid-market rate – the rate you find on financial news sites.

For many currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. On GoldexPay you can compare what recipients receive across providers, which makes the cheapest option easy to spot. You can always keep your account at Bank of Bhutan Limited to fund the transfer; only the conversion and sending happen elsewhere.

How to check BHUBBTBT before you pay

The most reliable source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. If the code you have differs from BHUBBTBT or BHUBBTBTXXX, do not guess.

Errors in the BIC are annoying more than disastrous: often the payment comes back, minus fees. A mistake in the IBAN or account number is more serious.

Many banking apps validate the structure of an IBAN. If your bank offers it, a name check before sending adds extra certainty. Sending a small amount first is a sensible step for large sums.

Head office or branch code at Bank of Bhutan Limited?

With 3 codes in 2 cities, Bank of Bhutan Limited belongs to the banks that register individual codes for branches and departments. The head office code remains BHUBBTBTXXX.

If nobody asks you for a branch code, use BHUBBTBTXXX. When you receive a branch code, use it as it is rather than replacing it with the head office code.

Unsure which code applies? Ask the recipient. Codes are sometimes changed or retired over time.

Protect yourself against fake payment requests

Be wary if someone unexpectedly wants you to pay into a different account or a bank in another country. The fact that BHUBBTBT exists does not mean that a request mentioning it is genuine; criminals use the codes of real banks too.

Check changed payment details through a separate channel, not by replying to the message. Pressure and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Contact the bank you paid from straight away and ask them to start a recall; also report it to the police.

People receiving money are targeted too: one known trick is an overpayment followed by a request to send back the difference to another account. A screenshot of a transfer is no proof; only your own account shows what has arrived.