Bank of Commerce and Development (L.j.s.c.) SWIFT/BIC code

CDBLLYLT – the SWIFT/BIC code of Bank of Commerce and Development (L.j.s.c.)

The 8-character code CDBLLYLT and the full code CDBLLYLTXXX refer to the same bank: Bank of Commerce and Development (L.j.s.c.), with its head office in Benghazi. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money, a bit like a postal address for banks. It comes up mostly when dealing with payments that cross a border.

Further down you will find the practical side: receiving money at Bank of Commerce and Development (L.j.s.c.), paying someone in another country and how to check the code before you hit send. The SWIFT code alone does not identify an individual account holder; that is what the account number or IBAN is for.

Sending money abroad from Bank of Commerce and Development (L.j.s.c.)

The price of an international transfer has more than one component. You pay the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the exchange rate markup.

Many banks rarely list their exchange rate markup separately. Check their rate against the mid-market rate – the rate you find on financial news sites.

Specialised transfer providers often offer a rate near the mid-market rate and lower fees. GoldexPay compares what recipients receive across providers, which makes the cheapest option easy to spot. Choosing a specialist does not require closing your account at Bank of Commerce and Development (L.j.s.c.) – you pay the provider from your own account.

How up to date is this code?

We collect SWIFT/BIC codes from publicly available data and update them from time to time. It can happen that information on this page is no longer current after a merger or reorganisation. Figures such as the number of codes are from our own dataset and may differ from what Bank of Commerce and Development (L.j.s.c.) publishes.

Before a payment that matters, always check the BIC with the recipient’s bank or the recipient. GoldexPay is an independent comparison site and not part of Bank of Commerce and Development (L.j.s.c.). Spotted an error? Tell us through the contact page and we will look into it.

Verifying the SWIFT code of Bank of Commerce and Development (L.j.s.c.)

Have the recipient send you the account details straight from their banking app. If the code you have does not match CDBLLYLT or CDBLLYLTXXX, do not guess.

A wrong SWIFT code can cause a delay, a returned payment or extra fees. A mistake in the account number is a bigger problem, because the money may be credited to someone else; check it just as carefully.

A format check by your bank merely confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Where available, a payee name check on the recipient adds extra certainty. Sending a small amount first is a sensible step for large sums.

Watch out for payment fraud

A common scam works like this: you receive a message claiming that a contact has new bank details and that the next payment should go there. The fact that CDBLLYLT exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Never trust contact details from the same email that contains the change. Urgency or requests to keep it quiet tend to be red flags – a real supplier can wait a day. Acted too fast? Contact your bank straight away and have them start a recall and report the fraud.

People receiving money are targeted too: one known trick is an overpayment and then sends a request to send back the difference. A screenshot of a transfer proves nothing.

Head office or branch code at Bank of Commerce and Development (L.j.s.c.)?

We have 34 SWIFT/BIC codes for Bank of Commerce and Development (L.j.s.c.), spread over 13 cities. Next to the head office code CDBLLYLTXXX, there are codes for regional offices and specialised units.

In most cases there is no need to look up a branch: payments addressed to CDBLLYLTXXX are routed within Bank of Commerce and Development (L.j.s.c.) correctly. Just use a branch code when the account holder gives you that exact code.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more likely to change than CDBLLYLTXXX.

Tracking a transfer to or from Bank of Commerce and Development (L.j.s.c.)

There is no fixed answer for international payments: many land within a day while others need several business days. Payments made after the cut-off time or just before weekends and holidays usually start a business day later. Occasionally a bank wants to know about the purpose of a payment before releasing it.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often show tracking online showing where the payment has got.

If the money does not arrive within the expected time, the person who paid needs to start with their own bank. Ask the sender for a copy of the payment confirmation.

8 or 11 characters: CDBLLYLT versus CDBLLYLTXXX

A BIC is made up of fixed blocks: 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 CDBLLYLT.

XXX at the end of CDBLLYLTXXX is not a missing value or an error: it indicates the head office of Bank of Commerce and Development (L.j.s.c.). Some banking apps ask for 11 characters, in which case you can add XXX after CDBLLYLT.

Do not add spaces, dots when you type CDBLLYLT. Watch for the letter O and the digit 0 or the letter I and the digit 1; they are easy to mix up.

Incoming international payments to Bank of Commerce and Development (L.j.s.c.)

If you are waiting for a payment from another country, send the payer all details at once. What they need is: your name, IBAN or account number, CDBLLYLTXXX or CDBLLYLT and in many cases your home address.

The sender’s bank might also ask for the bank address of Bank of Commerce and Development (L.j.s.c.), in which case the Benghazi head office is the usual answer. Double-check each detail before you send them, because the sender’s bank usually copies them as is.

Do not be surprised if the amount credited is below what the sender paid. Fees for incoming transfers vary from bank to bank. On invoices, it is common to agree who bears the costs to avoid a shortfall.