SWIFT/BIC codes in Finland: banks starting with T

Finding a SWIFT code in Finland

This directory lists 569 banks and financial institutions in Finland and 602 SWIFT/BIC codes between them. You need a SWIFT/BIC code mostly when making international transfers, and especially for payments in foreign currencies.

Look for the recipient’s bank below and open its page to see the full list of codes and what else a transfer requires. The sections below covers the structure of the codes, what transfers cost and how to avoid mistakes.

Paying in euros to Finland

Since Finland is part of the SEPA zone, a euro payment to an account in Finland normally requires just an IBAN. Many banks do not require the BIC in that case.

You still need the BIC for non-euro payments or money from outside the SEPA area. Instant euro transfers are widely available across SEPA – check whether your bank supports them. Provided no conversion is involved, the transfer is usually inexpensive.

Sending EUR to Finland

Finland pays in the Euro, with the currency code EUR. When you pay another currency, the amount has to be converted somewhere along the way – by your bank, a bank in between or the recipient’s bank.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. In many cases it is cheaper if you send EUR directly via a provider that converts near the mid-market rate so the receiving bank does not need to convert again. Exchange rates move all the time, so a quote is usually valid only briefly.

Recognising a SWIFT code from Finland

A BIC is 8 or 11 characters long and follows a fixed pattern. Characters one to four identify the bank, the fifth and sixth characters are the country code and characters seven and eight give the location.

In every code from Finland, characters five and six are the two-letter ISO code of Finland – that is the quickest way to spot one. When those two letters do not match Finland, you are looking at a bank somewhere else, so check again.

The long version adds a branch code – XXX stands for the head office. Choose a branch code only when the recipient’s bank asks for it; otherwise the head office code is the safe choice.

Banks in Finland beginning with the letter :letter

You are looking at a selection: only banks in Finland whose name begins with :letter. The totals mentioned above always refer to all banks in Finland.

If the bank you need does not appear here, check another letter – the registered name can differ from the name people use. The full overview for Finland is available if the letter filter does not help.

Check the code before you pay

The most reliable source for a SWIFT code is the bank details provided by the recipient. When the code you were given differs from our list, stop and ask: check with the recipient or the bank.

The directory on GoldexPay is based on public sources and is updated regularly. Institutions merge, close branches and retire codes, and no directory catches every change immediately. Before a payment of any size, confirm the BIC with the recipient. GoldexPay is an independent comparison site and has no link to the banks in this list.

Watch out for invoices containing a new account, especially when they come by email. A real SWIFT code tells you nothing about who owns the account – scammers use the codes of real banks.

Incoming international payments in Finland

When you expect money from abroad in Finland, send the payer all details at once. Share your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address, which some banks require.

Look up your bank in the list above to check its code, but take the code from your own bank details when in doubt. It helps to add your bank’s name and city as well, since some payment forms ask for it.

Expect that the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. For business payments, state who bears the costs to avoid a shortfall.

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

Of all banks we list for Finland, Suomen Pankki - Finlands Bank has the most codes. The head office of Suomen Pankki - Finlands Bank has SPFBFIHHXXX and that code covers most payments.

The number of codes says more about how it registers branches and services than about how big it is. If not the recipient asks for a branch, SPFBFIHHXXX is fine for a payment to Suomen Pankki - Finlands Bank.

Tracking a payment to Finland

An international transfer to Finland usually takes one to a few business days. Payments made late in the day or just before a weekend or public holiday usually go out the next business day.

A growing number of banks use SWIFT gpi. Each gpi transfer gets a unique transaction reference, the UETR that banks can use to see where the money is. Save the payment confirmation until the recipient confirms; a bank needs it to start a trace.

Sending money to Finland for less

An international bank payment to Finland often costs rather more than the fee suggests. On top of the fee, intermediary banks can deduct a charge, and when the money is converted the bank usually uses a rate below the actual market rate.

That exchange rate margin is often the biggest cost item because it is hidden in the rate. An easy check: set the rate you get against the mid-market rate and look at the difference.

Specialised transfer providers often use rates closer to the mid-market rate and lower fees. Before your next transfer to Finland, it is worth comparing the total cost via GoldexPay instead of going straight to your bank.