SWIFT Code FOSIFIH1 — FOLKIA AS, SUOMEN SIVULIIKE, HELSINKI

About SWIFT Code FOSIFIH1 — FOLKIA AS, SUOMEN SIVULIIKE, HELSINKI

SWIFT code FOSIFIH1 is the official 8-character head-office BIC (Bank Identifier Code) for FOLKIA AS, SUOMEN SIVULIIKE in HELSINKI, Finland. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by FOLKIA AS, SUOMEN SIVULIIKE for all outward international remittances from HELSINKI. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code FOSIFIH1

The code FOSIFIH1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code FOSIFIH1

Receiving International Wire Transfers

To receive money from abroad at your FOLKIA AS, SUOMEN SIVULIIKE account in HELSINKI, share SWIFT code FOSIFIH1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at FOLKIA AS, SUOMEN SIVULIIKE, HELSINKI must provide SWIFT code FOSIFIH1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using FOLKIA AS, SUOMEN SIVULIIKE in HELSINKI rely on SWIFT code FOSIFIH1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for FOLKIA AS, SUOMEN SIVULIIKE →

For cheque clearing or NACH mandates, use the MICR code for FOLKIA AS, SUOMEN SIVULIIKE →

For TDS challan deposits, find the BSR code for FOLKIA AS, SUOMEN SIVULIIKE →

How SWIFT Code FOSIFIH1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code FOSIFIH1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to FOLKIA AS, SUOMEN SIVULIIKE.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: FOLKIA AS, SUOMEN SIVULIIKE receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code FOSIFIH1

• Spaces or lowercase letters — Always enter FOSIFIH1 uppercase with no spaces.
• Using the wrong city — This code is for HELSINKI only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Finland.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm FOSIFIH1 directly with FOLKIA AS, SUOMEN SIVULIIKE's HELSINKI branch or via the SWIFT BIC Directory.