SWIFT Code VATOISRE — VALITOR HF, HAFNARFJORDUR

About SWIFT Code VATOISRE — VALITOR HF, HAFNARFJORDUR

SWIFT code VATOISRE is the official 8-character head-office BIC (Bank Identifier Code) for VALITOR HF in HAFNARFJORDUR, Iceland. 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 VALITOR HF for all outward international remittances from HAFNARFJORDUR. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code VATOISRE

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

When to Use SWIFT Code VATOISRE

Receiving International Wire Transfers

To receive money from abroad at your VALITOR HF account in HAFNARFJORDUR, share SWIFT code VATOISRE 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 VALITOR HF, HAFNARFJORDUR must provide SWIFT code VATOISRE. 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 VALITOR HF in HAFNARFJORDUR rely on SWIFT code VATOISRE 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 VALITOR HF →

For cheque clearing or NACH mandates, use the MICR code for VALITOR HF →

For TDS challan deposits, find the BSR code for VALITOR HF →

How SWIFT Code VATOISRE Routes an International Transfer

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

Common Mistakes When Using SWIFT Code VATOISRE

• Spaces or lowercase letters — Always enter VATOISRE uppercase with no spaces.
• Using the wrong city — This code is for HAFNARFJORDUR 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 Iceland.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm VATOISRE directly with VALITOR HF's HAFNARFJORDUR branch or via the SWIFT BIC Directory.