When sending money across borders, ensuring funds reach their intended destination accurately is paramount. One frequently overlooked yet crucial detail is using the correct SWIFT/BIC code. For those transferring funds to SUOMEN PANKKI - FINLANDS BANK in Finland, the essential code to remember is SPFBFIHHCMS .
A SWIFT code (or BIC code) consists of 8 to 11 alphanumeric characters that uniquely identify banks and their branches worldwide. The first four letters represent the bank code—in this case, SPFB denotes SUOMEN PANKKI - FINLANDS BANK. This is followed by a two-letter country code ( FI for Finland), a two-character location code ( HH indicating the bank's headquarters), and an optional three-character branch code ( CMS specifying a particular branch). If a SWIFT code ends with "XXX" , it typically refers to the bank's main office.
Using the precise SWIFT code during international transfers significantly reduces the risk of delays or complications. Financial institutions and customers alike should verify both the bank and branch details before initiating any transaction to ensure smooth processing.
Understanding and confirming the correct usage of SPFBFIHHCMS is therefore essential for avoiding unexpected issues in cross-border payments. By double-checking all transfer details and maintaining clear communication with your bank, you can achieve a seamless and worry-free money transfer experience.