Where is SUSPFOT1 located?

The registered address on file for SUSPFOT1 is 2 POSTBOKS VAGUR 900 FAROE, ISLANDS.

What is the 11-character version of SUSPFOT1?

The 8-character form is SUSPFOT1 and the 11-character form is SUSPFOT1XXX. A BIC ending in XXX refers to the head office. Banks that accept the 8-character form treat it as identical to the XXX form.

Is SUSPFOT1 a head office or a branch code?

SUSPFOT1 identifies the head office of P/F SUDUROYAR SPARIKASSI.

SUSPFOT1

P/F SUDUROYAR SPARIKASSI, BIC/SWIFT Code Details

SUSPFOT1 is the SWIFT/BIC code for P/F SUDUROYAR SPARIKASSI in Faroe Islands. It identifies the head office. The 8-character form is SUSPFOT1 and the 11-character form is SUSPFOT1XXX.

Address: 2 POSTBOKS VAGUR 900 FAROE, ISLANDS

Analyze and plan cross-border transactions

Ohm reads your pacs.008, validates the beneficiary bank, checks the route and its correspondents, prepares the invoice and finds the right HS code.

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pacs.008.xml invoice.pdf

Can you analyze those documents?

Looks fine:

Beneficiary bank BIC and IBAN both check out
Payment route One correspondent, arrives next business day
Invoice Matches the amount and both parties
HS code Use 8471.30 for these goods, not ~~8473.30~~

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Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.

Frequently asked questions

What bank does SUSPFOT1 belong to?: SUSPFOT1 is the SWIFT/BIC code for P/F SUDUROYAR SPARIKASSI in Faroe Islands.
Where is SUSPFOT1 located?: The registered address on file for SUSPFOT1 is 2 POSTBOKS VAGUR 900 FAROE, ISLANDS.
What is the 11-character version of SUSPFOT1?: The 8-character form is SUSPFOT1 and the 11-character form is SUSPFOT1XXX. A BIC ending in XXX refers to the head office. Banks that accept the 8-character form treat it as identical to the XXX form.
Is SUSPFOT1 a head office or a branch code?: SUSPFOT1 identifies the head office of P/F SUDUROYAR SPARIKASSI.

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Disclaimers

We are doing our best to demystify cross-border payments, however Ohmyfin is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive safe advice.