
In today's globalized economy, international money transfers have become a crucial financial activity for both individuals and businesses. However, many may not realize that selecting the correct SWIFT code is vital to ensure timely delivery of international payments.
Understanding the SWIFT/BIC Code
The Bank of Finland, officially known as Suomen Pankki - Finlands Bank, operates with the primary SWIFT/BIC code SPFBFIHHXXX . It's important to note that financial institutions may use different SWIFT codes for various services or branches. When in doubt, recipients should be consulted directly or the Bank of Finland should be contacted for verification.
Key Bank Information
Bank Name: Suomen Pankki - Finlands Bank
SWIFT Code: SPFBFIHHXXX
Address: Snellmaninaukio
City: Helsinki
Country: Finland
Branch-Specific Codes
The Bank of Finland maintains several domestic branches, each with distinct identifiers:
- SPFBFIHH1A1: Snellmaninaukio, Helsinki, FI-00170
- SPFBFIHH1A2: Snellmaninaukio, Helsinki, FI-00170
- SPFBFIHH1A3: Snellmaninaukio, Helsinki, FI-00170
- SPFBFIHHASI: Snellmaninaukio, Helsinki, FI-00170
- SPFBFIHHCMS: Snellmaninaukio, Helsinki, FI-00170
- SPFBFIHHCON: Snellmaninaukio, Helsinki, FI-00170
- SPFBFIHHECB: Snellmaninaukio, Helsinki, FI-00170
- SPFBFIHHECM: Snellmaninaukio, Helsinki, FI-00170
When to Use SPFBFIHHXXX
The primary SWIFT/BIC code SPFBFIHHXXX should be used in these specific circumstances:
- When initiating international transfers to the Bank of Finland
- When recipients haven't provided branch-specific SWIFT codes
- When payments are processed centrally through the bank's main office
- When a universally recognized default code is preferred
Critical Verification Steps
Before initiating any SWIFT payment, thorough verification of all transfer details is essential. The SWIFT code must precisely match the recipient bank, and account numbers along with beneficiary names require accurate entry. Even minor discrepancies can cause significant processing delays or complete transaction blockage.
In cases where incorrect information has been submitted, immediate contact with the originating bank is recommended to explore possible resolution options.
For individuals receiving international payments into Bank of Finland accounts, providing complete and accurate banking details—including the correct SWIFT/BIC code, account number, and other relevant information—is crucial to prevent processing delays and complications.