SWIFT/BIC codes in Finland: banks starting with Y

Finding a SWIFT code in Finland

For Finland we have 602 SWIFT/BIC codes, spread over 569 institutions. A BIC tells the banks handling a transfer which institution is meant to get the money.

Each bank is listed with its own page with the head office code and, where available, branch codes. Below the list you can read how a code from Finland is put together, how to send money to Finland at a fair price and how to check a code before you pay.

Recognising a SWIFT code from Finland

A BIC is either 8 or 11 characters long and follows a fixed pattern. First comes a four-letter bank code, followed by a two-letter country code and a two-character location code.

In every code from Finland, letters five and six are the ISO country code of Finland. A code with a different country code come from another country, even if the bank name looks familiar.

If the last three are XXX, it means the head office. Use a branch code just when the recipient explicitly gives you one – otherwise stick with the head office.

How reliable is this list?

Have the recipient copy their bank details straight from their online banking. If the code you have differs from our list, stop and ask – contact the recipient or their bank.

This list is compiled from publicly available sources. Still, banks merge, rename themselves or retire codes, so information can be out of date. For any payment of any size, check the code with the recipient. GoldexPay is an independent comparison site and is not affiliated with the banks listed.

Fraudsters often send payment requests carrying changed bank details. Before paying, verify a change of bank details by phone on a number you know.

Filter: banks in Finland with :letter

You are looking at a selection: just institutions in Finland with a name starting with :letter. The counts in the introduction still refer to all banks in Finland and not only this selection.

If a bank is missing here, try another letter – the registered name can differ from the name people use. The full overview for Finland remains available when you cannot find the bank here.

Receiving money in Finland from abroad

Someone abroad who wants to pay you will ask for several details from you. Give them your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address.

Look up the bank in the list above to check its code, but take the code from your own bank details when in doubt. Certain banks may also ask for your bank’s address.

Expect that the amount credited is below what the sender paid. Intermediary banks may deduct a fee, your bank may charge for incoming payments, and if the money is converted, a markup on the rate applies. Make clear with the sender who pays which costs.

Which bank in Finland has the most codes?

Of all banks in Finland, Suomen Pankki - Finlands Bank is listed with the largest number of SWIFT codes. Its main office uses SPFBFIHHXXX.

Practice differs in how many codes they register – a high count is not a measure of size. Unless the recipient asks for a branch, SPFBFIHHXXX is fine for transfers to this bank.

Euro payments to Finland: is a BIC needed?

Within the SEPA zone, euro transfers to Finland use the same rules, so the IBAN does the job in most cases. A field for the BIC is often optional for those payments.

You will still need a SWIFT code for non-euro payments or money from outside the SEPA area. SEPA transfers normally land by the next business day, and instant transfers in seconds where both banks support them. Fees are generally low provided everything stays in euros – conversion is what costs money.

Paying in EUR: what conversion costs you

The currency of Finland is the Euro (EUR). A payment in a foreign currency is converted into EUR – and the bank that does it picks the rate.

Where the conversion happens affects the final amount. Often it is cheaper if you send EUR directly via a transfer service with a good rate rather than letting the receiving bank convert. On larger amounts, a seemingly small difference in the rate can be worth more than the fee.

How long does a transfer to Finland take?

There is no fixed answer for transfers to Finland: many arrive within a day while others need several business days. Payments made late in the day or on a weekend or public holiday often start the next business day.

If the money is late, the sender should contact the sending bank and ask for the status or the UETR. Specialist transfer services often provide a status in their app, which makes it easier to see where the money is.

The cheapest way to send money to Finland

The price of a transfer to Finland has more than one component. There is the transfer fee, sometimes charges from intermediary banks along the way and, above all, the exchange rate markup when currencies differ.

The real cost is often in the rate – the bank builds a margin into its rate. Check the bank’s rate against the mid-market rate that you find on financial sites.

For a lot of routes, a transfer service is less expensive than a bank – mostly thanks to the exchange rate. Before your next transfer to Finland, take a minute to compare what arrives on GoldexPay.