Faroe Islands Bank Swift Code and BIC Code
|1||BANKNORDIK P/F (FORMERLY FOROYA||TORSHAVN||FIFBFOTX|
|2||BETRI BANKI P/F||TORSHAVN||EIKBFOTF|
What is Faroe Islands SWIFT Code?
SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution.
These codes are used when transferring money between banks, particularly for international wire transfers. On top of that, the code is used to transmit messages between financial institutions and banks in the Faroe Islands.
The SWIFT code can be either 8 or 11 characters long and 8 digits code refers to the primary office. The format of SWIFT Code is as follows;
AAAA FO CC DDD
- The first 4 characters ("AAAA") specify the bank. Only letters are allowed.
- The next 2 characters ("FO") specify the country. It use the format of ISO 3166-1 alpha-2 country code.
- The next 2 characters ("CC") specify the location. Letters and digits are allowed. Passive participant will have "1" in the second character
- The last 3 characters ("DDD") specify the branch. This is an optional. A 'XXX' refer to primary office. Letters and digits are allowed.
The Faroe or Faeroe Islands are a North Atlantic archipelago located 320 kilometres north-northwest of Scotland, and about halfway between Norway and Iceland. It is an autonomous territory within the Kingdom of Denmark. The islands have a total area of about 1,400 square kilometres with a population of 52,110 as of January 2020.