SWIFT Code VIRDISR1 — VIRDING HF., REYKJAVIK

About SWIFT Code VIRDISR1 — VIRDING HF., REYKJAVIK

SWIFT code VIRDISR1 is the official 8-character head-office BIC (Bank Identifier Code) for VIRDING HF. in REYKJAVIK, 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 VIRDING HF. for all outward international remittances from REYKJAVIK. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code VIRDISR1

The code VIRDISR1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code VIRDISR1

Receiving International Wire Transfers

To receive money from abroad at your VIRDING HF. account in REYKJAVIK, share SWIFT code VIRDISR1 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 VIRDING HF., REYKJAVIK must provide SWIFT code VIRDISR1. 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 VIRDING HF. in REYKJAVIK rely on SWIFT code VIRDISR1 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 VIRDING HF. →

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

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

How SWIFT Code VIRDISR1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code VIRDISR1 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 VIRDING HF..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: VIRDING HF. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code VIRDISR1

• Spaces or lowercase letters — Always enter VIRDISR1 uppercase with no spaces.
• Using the wrong city — This code is for REYKJAVIK 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 VIRDISR1 directly with VIRDING HF.'s REYKJAVIK branch or via the SWIFT BIC Directory.