SWIFT Code CDEVBBBB — CARIBBEAN DEVELOPMENT BANK, ST. MICHAEL

About SWIFT Code CDEVBBBB — CARIBBEAN DEVELOPMENT BANK, ST. MICHAEL

SWIFT code CDEVBBBB is the official 8-character head-office BIC (Bank Identifier Code) for CARIBBEAN DEVELOPMENT BANK in ST. MICHAEL, Barbados. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by CARIBBEAN DEVELOPMENT BANK for all outward international remittances from ST. MICHAEL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code CDEVBBBB

The code CDEVBBBB follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code CDEVBBBB

Receiving International Wire Transfers

To receive money from abroad at your CARIBBEAN DEVELOPMENT BANK account in ST. MICHAEL, share SWIFT code CDEVBBBB with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at CARIBBEAN DEVELOPMENT BANK, ST. MICHAEL must provide SWIFT code CDEVBBBB. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using CARIBBEAN DEVELOPMENT BANK in ST. MICHAEL rely on SWIFT code CDEVBBBB for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for CARIBBEAN DEVELOPMENT BANK →

For cheque clearing or NACH mandates, use the MICR code for CARIBBEAN DEVELOPMENT BANK →

For TDS challan deposits, find the BSR code for CARIBBEAN DEVELOPMENT BANK →

How SWIFT Code CDEVBBBB Routes an International Transfer

1. Initiation: The sender provides SWIFT code CDEVBBBB and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to CARIBBEAN DEVELOPMENT BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: CARIBBEAN DEVELOPMENT BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code CDEVBBBB

• Spaces or lowercase letters — Always enter CDEVBBBB uppercase with no spaces.
• Using the wrong city — This code is for ST. MICHAEL only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Barbados.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm CDEVBBBB directly with CARIBBEAN DEVELOPMENT BANK's ST. MICHAEL branch or via the SWIFT BIC Directory.