Euroclear Finland LTD SWIFT/BIC code

What APKEFIHH means for a payment to Euroclear Finland LTD

Whether you are given APKEFIHH or APKEFIHHXXX, it is the identical identifier for Euroclear Finland LTD in Finland. A SWIFT code shows the banks handling a payment exactly which bank is meant to get the money. You will need it mostly for payments that cross a border.

On this page you will find how the code is put together, when you need it and which other details you need for a transfer to or from Euroclear Finland LTD. The SWIFT code on its own cannot identify an individual account holder; for that you need the account number or IBAN is for.

Getting paid from abroad into a Euroclear Finland LTD account

When you are waiting for money from abroad, give the sender a complete set of details. Share the account holder’s name, the IBAN or account number, SWIFT code APKEFIHHXXX and your address, which some banks require.

Their bank might also ask for the address of your bank. Check the details before you share them.

Expect that the amount credited is below what the sender paid. Fees for incoming transfers differ from bank to bank. For business payments, it is common to state who bears the costs.

International transfers from Euroclear Finland LTD: the real cost

If you send money abroad via Euroclear Finland LTD, the visible fee is only part of what you pay. There is the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

That exchange rate margin is often the biggest item. Compare their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialist money transfer services often offer a rate near the mid-market rate. Before your next transfer, take a minute to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. You can always keep your account at Euroclear Finland LTD.

Before you send: check the Euroclear Finland LTD code

The most reliable source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. If the code you have differs from APKEFIHH or APKEFIHHXXX, do not guess: check with the recipient or with Euroclear Finland LTD directly.

A wrong SWIFT code may lead to delays, a returned payment or extra fees for investigation. An error in the IBAN or account number is a bigger problem, because the money may be credited to someone else.

An automatic check by your bank merely confirms that the code exists, not that it is the right account. Some banks now compare the name with the account – do not ignore a mismatch warning. A small test payment can be worth it for a large first payment despite the extra fee.

Where our SWIFT data comes from

We gather SWIFT/BIC codes from public sources and update them regularly. It can happen that a code on this page is out of date after a merger or reorganisation. The number of codes on this page are based on what is in our directory and not on information from Euroclear Finland LTD itself.

For any payment of any size, check the code with Euroclear Finland LTD or with the recipient. GoldexPay has no connection to Euroclear Finland LTD, we only compare transfer services. Should you notice a mistake, we welcome a short note via the contact page.

Why Euroclear Finland LTD has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. Together, these eight characters form APKEFIHH.

Many payment forms work with either length. If a form asks for eleven characters, enter APKEFIHHXXX; if it wants eight, use APKEFIHH.

Enter the code as one block, in upper case and without spaces. A wrong letter can send the money to a different institution.

Euro transfers to Euroclear Finland LTD: is a BIC needed?

Inside SEPA, euro payments to Euroclear Finland LTD use common rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing for those payments.

Outside the euro and from non-SEPA countries, APKEFIHHXXX or APKEFIHH remains part of the payment details. Some banks and apps also show a field for the BIC; if so, enter APKEFIHH.

Instant euro transfers have become increasingly supported across SEPA – whether Euroclear Finland LTD offers them for your account is worth checking. As long as no currency is converted, a SEPA transfer tends to be inexpensive; it is the conversion that costs money.

The Euro and what conversion costs you

The local currency of Finland is the Euro (EUR). Money sent in a different currency is converted into EUR on its way to Euroclear Finland LTD, and whoever converts it chooses the rate. Every conversion costs something, even when no fee is shown.

Who converts the payment makes a difference. Transferring the amount already in EUR usually prevents a second conversion – as long as your own rate is good.

Rates for EUR move all the time, and some providers let you lock in a rate. If you pay regularly, small differences in the rate make a real difference over time.

Euroclear Finland LTD: head office code versus branch codes

We have 4 SWIFT/BIC codes for Euroclear Finland LTD. Besides the head office code APKEFIHHXXX, you will find codes for regional offices and specialised units.

Unless the recipient tells you otherwise, go with APKEFIHHXXX. A branch code only makes sense if the account holder specifically asks for it, which is more common for business accounts and specialised services.

Unsure which code applies? Check with the recipient or the bank itself. Codes for branches are more prone to change than the head office code.

How long does an international transfer to Euroclear Finland LTD take?

How quickly a payment reaches Euroclear Finland LTD is determined by a few things: which currency you send, the number of banks in between, cut-off times and time zones. Weekends and public holidays in either country add a day or more to the journey. Extra checks by one of the banks can also add some delay, regardless of the details.

A growing number of banks use SWIFT gpi. Each payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation – you will need it for any trace request.

A delayed transfer has to be traced from the sending side on the basis of the transfer details. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a request saying that a contact has new bank details. A real SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Check changed bank details through a separate channel like a call to a number from an earlier contract, not by replying to the message. Watch out for urgent requests, odd spelling or an email address that differs by one letter. Already paid? Call the bank you paid from straight away and ask them to start a recall.

Fraud also target the receiver: someone sends more than agreed and asks you to return the difference. Wait until the money has really arrived and check with Euroclear Finland LTD if anything seems off.