Nordea Savings 25 SWIFT/BIC code

SWIFT/BIC code of Nordea Savings 25

The short code NOAVFIH1 and the 11-character code NOAVFIH1XXX identify one and the same institution: Nordea Savings 25. Every bank on the SWIFT network uses these codes to direct international transfers to the right bank. You will need it mostly when dealing with transfers between countries.

On this page you can read what the code means, when you need it and which other details a transfer to or from Nordea Savings 25 requires. Remember that the SWIFT code just identifies the bank, not the person: the IBAN or account number takes care of that.

Transfer times and tracking a payment to Nordea Savings 25

How quickly a transfer arrives at Nordea Savings 25 depends on 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 can add extra days, since banks do not process on those days. Sometimes a bank asks what the payment is for, which can hold things up.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every payment gets a unique reference, the UETR, which your bank can use to see where the money is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

A missing payment has to be traced from the sending side, using the payment confirmation. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

Why Nordea Savings 25 has an 8- and an 11-character code

Every SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. That gives you NOAVFIH1.

The long version adds a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office, which is why NOAVFIH1XXX and NOAVFIH1 lead to the same place.

In practice the code is typed in capitals and without spaces. Copying the code is safer than retyping it, because one wrong letter changes the bank.

Euro (EUR) and conversion costs

Most accounts at Nordea Savings 25 are usually held in EUR, the national currency of Finland. A payment in a foreign currency will be exchanged into EUR, and whoever converts it chooses the rate. There is rarely a separate line for that conversion.

Who converts the payment makes a difference. In many cases you pay less if you send EUR straight away through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

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.

Getting paid from abroad into a Nordea Savings 25 account

For an international payment into your account at Nordea Savings 25, the sender needs more than the SWIFT code. Give them the account holder’s name, your account number or IBAN, the BIC NOAVFIH1XXX and your address, which some banks require.

It helps to include Nordea Savings 25 and its city as well, since some forms ask for it. A mistake in the IBAN is harder to fix than it looks.

Do not be surprised if the amount credited is below what the sender paid. Fees for incoming transfers differ per bank. On invoices, it is common to state how the fees are split to avoid a shortfall.

Which of the 2 codes of Nordea Savings 25 do you need?

Nordea Savings 25 uses 2 different SWIFT/BIC codes across 1 cities. One of them is the head office code; the rest belong to branches, and sometimes specific services.

In most cases there is no need to look up a branch: transfers addressed to NOAVFIH1XXX reach Nordea Savings 25 correctly. When you receive a specific code, use it as it is rather than swapping it for the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

International transfers from Nordea Savings 25: the real cost

The price of a payment abroad is made up of more than one component, and the transfer fee is only the most visible one. There is the fee for the transfer itself, sometimes charges from correspondent banks in between and, above all, the margin on the exchange rate if the currency changes.

Banks do not list the margin on the rate separately. A simple test: set the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be less expensive than a bank. Before your next transfer, it is worth to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require closing your account at Nordea Savings 25 – you pay the provider from your own account.

About this information

We gather bank codes using public sources and update them from time to time. Still, banks merge, rename themselves or retire codes. The figures on this page are based on what is in our directory and not on information from Nordea Savings 25 itself.

Use this page as a reference, rather than as the last word. GoldexPay is not affiliated with Nordea Savings 25, we only compare transfer services. If you notice something that is out of date, we welcome a short note via the contact page.

Before you send: check the Nordea Savings 25 code

The most reliable place for the correct BIC is paperwork issued by the bank. Check that code with NOAVFIH1 here and ask if anything does not match.

An incorrect BIC may lead to a delay, a returned payment or extra fees. A mistake in the account number can be more serious; check it just as carefully.

An automatic check by your bank merely tells you that the IBAN is valid – not that it belongs to the person you mean to pay. More and more banks check the name against the account before you confirm; take any warning seriously. For a first payment, many people send a small amount first before sending the rest.

Changed bank details? Be careful

Scammers often send fake invoices with new bank details sent from what looks like a familiar address. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Check changed bank details through a separate channel, not by replying to the message. Watch out for time pressure, odd spelling or an email address that differs by one letter. When money was sent to the wrong account, call your bank right away.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to send back the difference abroad. Wait until the money has really arrived.

Paying Nordea Savings 25 in euros within SEPA

Since Finland is in the SEPA zone, a euro payment into Nordea Savings 25 from another SEPA country normally requires just the IBAN. Many banks no longer ask for the BIC for these payments or fill it in for you.

The BIC still come into play for payments in other currencies. Some banks and apps still show a field for the BIC out of habit; in that case, fill in NOAVFIH1.

Instant euro transfers are increasingly supported across SEPA – whether Nordea Savings 25 offers them for your account is worth checking. As long as the payment stays in euros, the transfer is cheap; costs rise once a conversion is involved.