Key SWIFTBIC Code Tips for International Transfers

This article discusses the significance of the SWIFT/BIC code SPFBFIHH1A2 of SUOMEN PANKKI - FINLANDS BANK, highlighting the necessity of verifying the bank name, branch, and country information in international transfers to avoid issues and delays in the money transfer process.
Key SWIFTBIC Code Tips for International Transfers

In today's global financial landscape, ensuring the seamless transfer of funds across borders is crucial. When dealing with international bank transactions, the accuracy of SWIFT/BIC codes plays a pivotal role in guaranteeing timely delivery of funds. This article examines the SWIFT code SPFBFIHH1A2 for SUOMEN PANKKI - FINLANDS BANK , providing essential guidance to avoid potential complications in international money transfers.

SUOMEN PANKKI - FINLANDS BANK is headquartered at SNELLMANINAUKIO, HELSINKI, FI-00170 in Finland. To facilitate smooth transactions, several critical details require careful verification:

First, confirm that the bank name matches exactly with the recipient's banking information. Even minor discrepancies can lead to transaction delays or failures. Second, when using a branch-specific SWIFT code, verify that it corresponds to the recipient's exact branch location. Different branches of the same bank may have distinct SWIFT codes, making this verification step particularly important.

Additionally, the final segment of the SWIFT code should align with the correct country information, ensuring both sending and receiving banks are located within the intended national boundaries. Given the vast network of global banking institutions, relying solely on general bank names without proper code verification can result in errors.

Whether processing personal remittances or corporate transactions, accurate SWIFT codes remain fundamental to successful international transfers. Taking the time to double-check these details can prevent unnecessary delays and complications in the fund transfer process.