Free directory of all 5 correspondent bank SWIFT/BIC codes registered in FAROA ISLANDS. Click any bank to view its full record and track an international SWIFT payment routed through it.
The Faroe Islands use Danish krone and route payments through the Danish banking system. BankNordik, Betri Banki, and Norðoya Sparikassi are the primary local correspondents, processing fish export proceeds (salmon, cod, herring — over 95% of Faroese exports) and payments for the tourism and aquaculture sectors.
| RTGS / Settlement System | SWIFT (Danish banking system) |
|---|---|
| Currency | DKK — Danish Krone |
| Central Bank | Danish Financial Supervisory Authority (Finanstilsynet) |
| Typical SWIFT Timing | 1–3 days (international SWIFT) |
Most international SWIFT wires arrive in Faroe Islands within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Faroe Islands processes large-value interbank settlements through SWIFT (Danish). Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is DKK — Danish Krone. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 5