In modern international financial transactions, accurate and secure fund transfers are paramount. For those sending cross-border payments to Finland, understanding and correctly using the SWIFT/BIC code is crucial to ensuring smooth transactions.
For transfers directed to SUOMEN PANKKI - FINLANDS BANK , headquartered at Snellmaninaukio, Helsinki, FI-00170 , the essential SWIFT code is SPFBFIHHASI . This alphanumeric identifier serves as the bank's international "passport," guaranteeing that funds reach their intended destination securely.
When initiating an international transfer, senders must provide this SWIFT code along with other critical details including the recipient's name, account number, and transfer amount. Precise information significantly reduces the risk of processing delays or errors.
The structure of SWIFT codes contains valuable information. In SPFBFIHHASI :
- SP identifies the financial institution (Suomen Pankki)
- FI represents Finland's country code
- HH designates Helsinki as the location
- ASI specifies the particular branch
This systematic breakdown enables precise routing of international payments. Financial institutions worldwide rely on these standardized codes to process billions in daily transactions efficiently.
For both personal remittances and corporate treasury operations, accurate SWIFT code information forms the foundation of successful cross-border payments. Verifying these details before transaction submission remains the most effective safeguard against transfer complications.