SWIFT/BIC codes in Finland: banks starting with R

Bank SWIFT codes for Finland

Our directory lists 569 banks and financial institutions in Finland and 602 SWIFT/BIC codes between them. A BIC tells the banks handling a transfer exactly which bank is meant to get the money.

Select the bank from the list to see the head office code and its other codes, plus practical notes for sending and receiving money. Below the list you can read how codes from Finland are built, how to send money there at a fair price and what to check before you pay.

Most SWIFT codes in Finland: Suomen Pankki - Finlands Bank

In our data, Suomen Pankki - Finlands Bank holds the largest number of SWIFT/BIC codes of all banks in Finland. The head office uses SPFBFIHHXXX, which is the code to use when no branch is specified.

Many codes often reflects that the bank registers branches and departments separately, not necessarily that the bank is the biggest in the country. Paying someone at Suomen Pankki - Finlands Bank? Go with SPFBFIHHXXX unless a specific branch code is requested.

Sending EUR to Finland

Bank accounts in Finland are usually held in EUR – the Euro. A payment in a foreign currency is exchanged into EUR on its way to the recipient, and whoever converts it chooses the rate.

Who converts the money matters. Often it is cheaper to send EUR directly through a transfer service with a good rate so the receiving bank does not need to convert again. With bigger transfers, even a small gap in the rate adds up quickly.

Sending money to Finland for less

What you pay for a transfer to Finland is made up of several parts. On top of a fixed fee, correspondent banks can take a cut and, if currencies are converted, the bank usually uses a rate below the actual market rate.

The real cost is often in the rate, rather than in the fee – the bank builds a margin into its rate. An easy check: set the offered rate against the mid-market rate and work out the difference on your amount.

For many routes, a transfer service is less expensive than a bank, mainly because of the rate. Before you send money to Finland, it is worth to compare what arrives on GoldexPay instead of going straight to your bank.

SWIFT codes in Finland: banks under :letter

The letter filter narrows the list down to banks in Finland starting with :letter, so you can find a bank faster. The totals mentioned here apply to every bank we list, not just the ones under :letter.

Many institutions are listed under their official name, which may start with words like Bank or Banco, so the letter can differ from what you expect. Use the full list for Finland if you do not know how the name is spelled.

How reliable is this list?

Ask the recipient to send you their bank details straight from their online banking. A wrong code can cause a delay, a returned payment or additional charges – compare it with the code in our list.

This list is based on publicly available sources. Banks merge, close branches and change codes, and no directory catches every change immediately. Use this list as a starting point. GoldexPay is not a bank and is not affiliated with the banks listed.

Fraudsters regularly send fake invoices with new bank details that look completely genuine. A valid BIC tells you nothing about whether a request is genuine: criminals use real codes too.

How SWIFT codes from Finland are built

Every SWIFT/BIC code has 8 or 11 characters. It starts with a four-letter bank code, followed by two letters for the country and two characters for the location.

No matter which bank, every code from Finland share the same country code in positions five and six, namely the ISO code of Finland. If those two letters point to another country, the code belongs to a bank in another country – worth double-checking.

The optional last three characters stand for a specific branch; XXX is used for the head office. Use a branch code only when the recipient explicitly gives you one – otherwise stick with the head office.

When does money sent to Finland arrive?

A SWIFT payment to Finland usually takes one to a few business days. Payments made late in the day or on a weekend or public holiday usually start the next business day.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique reference, the UETR that banks can use to see where the money is. Specialist transfer services usually provide tracking in their app.

Getting paid from abroad into an account in Finland

For a transfer from abroad in Finland, the person paying you needs more than the BIC. Give them the account holder’s name, your account number or IBAN, your bank’s SWIFT code and your address.

Your bank’s code is in the list on this page but always compare it with your own bank details. Certain sending banks also ask for the name and address of your bank; it does no harm to include it.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Fees for incoming transfers vary from bank to bank; check the price list of your bank. Agree with the sender who covers the fees before the money is sent.

Paying in euros to Finland

Finland is a member of the Single Euro Payments Area (SEPA). For a standard euro transfer within SEPA, the IBAN is usually enough and the BIC is often filled in automatically.

A SWIFT code still matter when the currency is not euros and when the money comes from outside SEPA. SEPA transfers usually arrive within one business day or faster with instant payments. As long as the payment stays in euros, a SEPA transfer is usually cheap.