SWIFT Code POONFI21 — POSION OSUUSPANKKI, POSIO

About SWIFT Code POONFI21 — POSION OSUUSPANKKI, POSIO

SWIFT code POONFI21 is the official 8-character head-office BIC (Bank Identifier Code) for POSION OSUUSPANKKI in POSIO, 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 POSION OSUUSPANKKI for all outward international remittances from POSIO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code POONFI21

The code POONFI21 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code POONFI21

Receiving International Wire Transfers

To receive money from abroad at your POSION OSUUSPANKKI account in POSIO, share SWIFT code POONFI21 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 POSION OSUUSPANKKI, POSIO must provide SWIFT code POONFI21. 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 POSION OSUUSPANKKI in POSIO rely on SWIFT code POONFI21 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 POSION OSUUSPANKKI →

For cheque clearing or NACH mandates, use the MICR code for POSION OSUUSPANKKI →

For TDS challan deposits, find the BSR code for POSION OSUUSPANKKI →

How SWIFT Code POONFI21 Routes an International Transfer

1. Initiation: The sender provides SWIFT code POONFI21 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 POSION OSUUSPANKKI.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: POSION OSUUSPANKKI receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code POONFI21

• Spaces or lowercase letters — Always enter POONFI21 uppercase with no spaces.
• Using the wrong city — This code is for POSIO 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 POONFI21 directly with POSION OSUUSPANKKI's POSIO branch or via the SWIFT BIC Directory.