SWIFT/BIC codes in Finland: banks starting with I

SWIFT/BIC codes in Finland

In Finland our database holds 602 SWIFT/BIC codes, spread over 569 institutions. A BIC tells every bank in the chain which institution is meant to get the money.

Look for the bank you need below and click through for all codes we have and what else a transfer requires. Below the list you can read how a code from Finland is put together, how to send money there without overpaying and what to check before you pay.

The structure of a Finland SWIFT/BIC code

A SWIFT code is 8 or 11 characters long. The first four letters identify the bank, the fifth and sixth characters form the country code and the next two give the location.

In every code from Finland, letters five and six are the two-letter ISO code of Finland. A code with other letters in that position belong to another country – a quick way to catch mistakes.

An 11-character code adds a branch code. Choose a branch code only if the recipient’s bank asks for it.

When does money sent to Finland arrive?

A SWIFT payment to Finland usually needs anywhere from one to several business days – it depends on currency, route and the banks in between. Public holidays in Finland or in the sending country add extra days to the journey.

Many banks use SWIFT gpi. Every gpi transfer carries a unique reference, the UETR that banks can use to see where the money is. Specialist transfer services often provide a status in their app, which makes it easier to see where the money is.

Incoming international payments in Finland

When you expect a payment from another country in Finland, send the payer all details at once. Give them the account holder’s name, the IBAN or account number, your bank’s SWIFT code and your address.

Your bank’s code is in our list. It helps to add the name and city of your bank because some forms have separate fields for it.

The amount you receive can be less than the amount sent. Intermediary banks may deduct a fee, and if the money is converted, an exchange rate margin applies. Agree with the sender who covers the fees.

The largest SWIFT network in Finland: Suomen Pankki - Finlands Bank

Suomen Pankki - Finlands Bank leads our list of Finland banks when it comes to SWIFT/BIC codes. Its main office has SPFBFIHHXXX.

Practice differs in whether they register branch codes. Unless a branch code is given, the head office code SPFBFIHHXXX works for transfers to this bank.

Finland and the SEPA area

Because Finland is in the SEPA zone, a euro payment to a bank in Finland normally requires just the IBAN. Most banking apps do not require the BIC in that case.

A SWIFT code does come into play for payments in other currencies. SEPA transfers usually arrive within one business day. Fees are generally low provided everything stays in euros – conversion is what costs money.

How reliable is this list?

Ask the recipient to send you their bank details directly from a recent statement. A wrong code may lead to a delay, a returned payment or additional charges, so compare it with the list on this page.

We gather SWIFT/BIC codes from publicly available data and check them from time to time. Institutions merge, change names and change codes. Treat this list as a reference rather than the last word; the recipient’s bank details are leading. GoldexPay is an independent comparison service for money transfers, not a bank.

Watch out for invoices containing changed bank details. A real SWIFT code tells you nothing about who owns the account.

SWIFT codes in Finland: banks under :letter

The letter filter narrows the list to banks from Finland that begin with :letter to make searching quicker. The totals mentioned here cover all 569 banks.

Bank not listed? The registered name may start with a different letter. The complete list remains available if you cannot find the bank here.

Bank or transfer service for Finland?

What you pay for a transfer to Finland has more than one component – not only the fee you see. There is the transfer fee, possibly fees from correspondent banks and, above all, the margin on the exchange rate when currencies differ.

The markup on the rate tends to be the biggest cost item because it is hidden in the rate. An easy check: put the rate you get against the mid-market rate and look at the difference.

Specialist money transfer services often offer a rate near the mid-market rate and lower fees. GoldexPay lists these providers side by side, showing what actually arrives in Finland before you commit.

The Euro (EUR) and conversion costs

Most accounts in Finland are usually held in EUR, the local currency. Money sent in a different currency will be converted into EUR before it reaches the account – and the bank that does it picks the rate.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Check how much EUR arrives via several services. Exchange rates move all the time.