Nordoya Sparikassi SWIFT/BIC code

SWIFT/BIC code of Nordoya Sparikassi

The 8-character code NOYAFO21 and the 11-character code NOYAFO21XXX refer to the same bank: Nordoya Sparikassi. Banks worldwide use BIC codes to route international transfers to the correct bank. In daily life you usually come across it on international invoices, in payment forms and in the bank details that Nordoya Sparikassi provides.

Further down you will find the practical questions: receiving money at Nordoya Sparikassi, paying someone in another country and how to verify the code before you confirm a payment. The BIC identifies an institution, never a single account.

Verifying the SWIFT code of Nordoya Sparikassi

The safest source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check it against NOYAFO21 here and ask if anything does not match.

A wrong SWIFT code can cause delays, a payment being sent back or extra fees for investigation. An error in the account number is a bigger problem because it can reach the wrong person; check it just as carefully.

An automatic check in your banking app merely confirms that the code exists – not that it belongs to the person you mean to pay. If your bank offers it, a name check on the recipient gives extra certainty. A small test payment is worth it for large sums despite the extra fee.

Paying someone abroad from your Nordoya Sparikassi account

If you send money to another country through Nordoya Sparikassi, the fee you see is rarely all of what you pay. There is the fee for the transfer itself, possibly charges from correspondent banks along the way and, most importantly, the margin on the exchange rate.

Most of the cost usually sits in the exchange rate: the bank converts using an exchange rate with a margin built in. A simple test: put the bank’s rate against the mid-market rate and look at the difference.

For many routes, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the rate. On GoldexPay you can compare what recipients receive with different providers, which makes the cheapest option easy to spot. You can still keep your account at Nordoya Sparikassi.

About this information

Our SWIFT/BIC directory is compiled from public sources and is updated regularly. Institutions reorganise, change names and change codes, and a directory never catches every change immediately. The number of codes we show are based on our own data.

Treat our data as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay is a comparison site for money transfers and not part of Nordoya Sparikassi. If you notice something that is out of date, we appreciate a short note via the contact page.

Changed bank details? Be careful

Be wary when a contact suddenly asks you to pay into another account or a bank in another country. The fact that NOYAFO21 exists is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Verify new payment details through a different channel, such as a phone number you already know, never via the email that asked for the change. Urgency or secrecy are warning signs. If a payment was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money are targeted too: one known trick is an overpayment followed by a request to refund the difference abroad. A payment confirmation from the sender is no proof – check your own account.

Paying into Nordoya Sparikassi in DKK

Most accounts at Nordoya Sparikassi are typically held in DKK, the local currency of Faroe Islands. Money sent in a different currency is converted into DKK on its way to Nordoya Sparikassi, and whoever converts it chooses the rate. Every conversion eats into something.

Where the conversion happens affects the final amount, since every bank sets its own rate. Transferring the amount already in DKK usually avoids an extra conversion at the receiving end, provided the rate you get is fair.

Exchange rates change all the time, and some providers let you lock in a rate. With bigger transfers, even seemingly small gap in the rate adds up quickly.

Why Nordoya Sparikassi has an 8- and an 11-character code

The structure of a BIC never changes: four characters for the institution, two for the country and two for the location, plus an optional branch code. That gives you NOYAFO21, the short form of the code.

XXX at the end of NOYAFO21XXX is not a placeholder or an error: it stands for the head office of Nordoya Sparikassi. Certain payment forms insist on 11 characters, in which case you can add XXX behind NOYAFO21.

Leave out spaces when you enter NOYAFO21. Watch for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.

Getting paid from abroad into a Nordoya Sparikassi account

Someone abroad who wants to pay you will ask for several details from you, and missing ones are a common cause of delays. That means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code NOYAFO21XXX (or NOYAFO21) and, often, your postal address.

You can add the bank name and its city too, because some payment forms have separate fields for them. A typo in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

Expect that the incoming amount is below what the sender paid. Charges on incoming payments differ per bank – the price list of Nordoya Sparikassi tells you what applies. On invoices, you can state how the fees are split to avoid a shortfall.

Transfer times and tracking a payment to Nordoya Sparikassi

A SWIFT payment usually takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Bank holidays in either country add extra days, since banks do not process on those days. Compliance checks on larger or unusual payments may also add a delay, even when all details are correct.

If the money is delayed, ask your bank about the status or the UETR. Specialist transfer services often show a status in their app showing how far the payment is.

Only the sending bank is able to request a trace or a recall. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.

Head office or branch code at Nordoya Sparikassi?

Having 2 codes in 1 locations, Nordoya Sparikassi is one of the banks that register separate codes for branches and departments. The head office code is NOYAFO21XXX.

Usually there is no need to look up a branch: payments sent to NOYAFO21XXX reach Nordoya Sparikassi without problems. When you receive a branch code, use it as it is rather than swapping it for the head office code.

Unsure which code to use? Ask the recipient. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.