Transferring or Receiving Money? Complete List of SWIFT Codes and Bank Codes in the Philippines

by Venus Zoleta, on category "Personal Finance"

April 2, 2019


SWIFT Codes Bank Codes Philippines | Moneymax

When making international money transfers, you’re usually required to enter the SWIFT code (or bank code for PayPal transactions).

Just what are these codes and what are they used for? How can you find them?

Fortunately, these unfamiliar codes are actually simple to decode. This guide provides everything you need to know about SWIFT codes and bank codes in the Philippines.

SWIFT Codes in the Philippines

What is SWIFT Code?

The SWIFT code is an international code used for identifying business parties—usually banks—and routing financial transactions worldwide. This ensures that funds are transferred quickly and securely to the right bank.

The SWIFT code is also known as BIC (Business Identifier Code), BIC code, SWIFT-BIC, or SWIFT ID. It consists of eight to 11 characters with the following format:

  • Four-character bank code
  • Two-character country code
  • Two-character location code
  • Optional three-character branch identifier

For example, for BPI: BOPIPHMM

  • BOPI = Bank of the Philippine Islands
  • PH = Philippines
  • MM = Metro Manila

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication, a network based in La Hulpe, Belgium that manages SWIFT codes.

When Do You Use a SWIFT Code?

The BIC tells banks and remittance companies where to send the money. This is why you need this code each time you transfer funds internationally.

If you’re sending cash abroad, you need to get the SWIFT code of the recipient’s bank before you can make a money transfer.

On the other hand, if you’re receiving money from abroad, you need to provide your bank’s SWIFT code to the sender.

How to Find Your Bank’s SWIFT Code

It’s important to use the correct BIC because money transfers can’t be transmitted with the wrong code.

To make sure you’re getting the right code, visit the SWIFT website and search for your particular bank.

SWIFT Codes BIC Online Search

Online BIC Search Steps:

  1. Enter the bank name next to “Institution name.”
  2. Choose “Philippines” from the “Country” drop-down menu.
  3. Enter the code that appears next to “Challenge.”
  4. Click the Search button.

Alternatively, you may call your bank’s customer service hotline to ask for its SWIFT code.

SWIFT Codes of Philippine Banks

To save you time and effort, here’s a full list of SWIFT codes of major banks in the Philippines:

 

Bank

SWIFT Code

Asia United Bank Corporation (AUB) AUBKPHMM
Australia and New Zealand Banking Group Limited ANZBPHMX
Bangkok Bank Public Company Limited, Manila Branch BKKBPHMM
Bank of America, N.A. Manila BOFAPH2X
Bank of China, Manila Branch BKCHPHMM
Bank of Commerce PABIPHMM
Bank of the Philippine Islands (BPI) BOPIPHMM
BDO Unibank, Inc. (BDO) BNORPHMM
BNP Paribas, Manila Offshore Branch BNPAPHMM
BPI Direct BPDIPHM1
BPI Family Savings Bank BPFSPHM1
BPI Globe Banko Inc. BPGOPHM1
Cathay United Bank Co., LTD. Manila Branch UWCBPHMM
China Banking Corporation (China Bank) CHBKPHMM
China Bank Savings, Inc. CHSVPHM1
Citibank, N.A. – Makati Branch CITIPHMX
Citibank, N.A. – Manila Branch CITIPHMXTSU
Citibank, N.A. – Cebu Branch CITIPHMXCBU
CTBC Bank (Philippines) Corp. CTCBPHMM
Deutsche Bank AG DEUTPHMM
Development Bank of the Philippines (DBP) DBPHPHMM
East West Banking Corporation (EastWest Bank) EWBCPHMM
Equicom Savings Bank, Inc. EQSNPHM1
First Commercial Bank, Ltd., Manila Branch FCBKPHMM
The Hongkong and Shanghai Banking Corporation Ltd – Philippine Branch (HSBC Philippines) HSBCPHMM
HSBC Savings Bank (Philippines) Inc. HBPHPHMM
Hua Nan Commercial Bank, Ltd., Manila Branch HNBKPHMM
Industrial Bank of Korea, Manila Branch IBKOPHMM
ING Bank N.V. INGBPHMM
JPMorgan Chase Bank, N.A., Manila Branch CHASPHMM
KEB Hana Bank KOEXPHMM
Land Bank of the Philippines TLBPPHMM
Maybank Philippines, Inc. MBBEPHMM
Mega International Commercial Bank Co., Ltd., Manila Branch ICBCPHMM
Metropolitan Bank and Trust Co. (Metrobank) MBTCPHMM
Mizuho Bank, Ltd., Manila Branch MHCBPHMM
MUFG Bank, Ltd., Manila Branch (formerly Bank of Tokyo-Mitsubishi UFJ) BOTKPHMM
Philippine Bank of Communications (PBCOM) CPHIPHMM
Philippine Business Bank PPBUPHMM
Philippine National Bank (PNB) PNBMPHMM
Philippine Savings Bank (PSBank) PHSBPHMM
Philippine Veterans Bank PHVBPHMM
Philtrust Bank (Philippine Trust Company) PHTBPHMM
Rizal Commercial Banking Corporation (RCBC) RCBCPHMM
Robinsons Bank Corporation ROBPPHMQ
Security Bank Corporation SETCPHMM
Shinhan Bank Manila Branch SHBKPHMM
Standard Chartered Bank – Makati Branch SCBLPHMM
Standard Chartered Bank – Manila Branch SCBLPHMMEQI
Sterling Bank of Asia Inc. STLAPH22
Sumitomo Mitsui Banking Corporation Manila Branch SMBCPHMM
Taiwan Cooperative Bank Manila Offshore Banking Branch TACBPHMM
Union Bank of the Philippines UBPHPHMM
United Coconut Planters Bank (UCPB) UCPBPHMM
United Overseas Bank Limited – Manila Branch UOVBPHMM
Yuanta Savings Bank (formerly Tong Yang Savings Bank) TYBKPHMM

Bank Codes in the Philippines

What is Bank Code?

A bank code, also called the Bank Routing Symbol Transit Number (BRSTN), is a nine-digit code assigned to a bank used for identifying its name, city, and country in financial transactions. This code is the standard bank identifier for sending and receiving money in the Philippines.

When Do You Use a Bank Code?

The most familiar use of bank codes is withdrawing funds from users’ PayPal account to their local bank account.

You probably first encountered the bank code when you added a bank account to your PayPal account for transferring funds.

Read more: 7 Payment Collection Apps for Pinoy Freelancers

How to Find the Bank Code

Bank Codes Philippines

You can access PayPal’s list of bank codes in the Philippines when you sign in to your account. Here’s you must do after logging in:

  1. Click the “Wallet” link on the top menu.
  2. Under “Bank accounts,” click “Link a bank account.”
  3. Click the Add button.
  4. Click on the “List of bank codes” link next to the Bank Code field.

However, it’s quite hard to quickly find the BRSTN on PayPal’s list. Here’s a more organized list that arranges banks alphabetically. Below, bank codes for the country’s top banks are listed separately as well for your easy reference.

Bank Codes of Philippine Banks

 

Bank

Bank Code

Asia United Bank Corporation (AUB) 011020011
Australia and New Zealand Banking Group Limited 010700015
Bangkok Bank Public Company Limited 010670019
Bank of America, N.A. 010120019
Bank of China 011140014
Bank of Commerce 010440016
Bank of the Philippine Islands (BPI) 010040018
Bank of Tokyo-Mitsubishi, Limited 010460012
BDO Unibank, Inc. (BDO) 010530667
China Banking Corporation (China Bank) 010100013
China Bank Savings, Inc. 011129996
Citibank, N.A. 010070017
CTBC Bank (Philippines) Corp. 010690015
Deutsche Bank AG 010650013
Development Bank of the Philippines (DBP) 010590018
East West Banking Corporation (EastWest Bank) 010620014
Equicom Savings Bank, Inc. 010960017
First Consolidated Bank 020780012
The Hongkong and Shanghai Banking Corporation Ltd – Philippine Branch (HSBC Philippines) 010060014
Industrial Bank of Korea 011310019
JPMorgan Chase Bank, N.A. 010720011
KEB Hana Bank 010710018
Land Bank of the Philippines 010350025
Maybank Philippines, Inc. 010220016
Mega International Commercial Bank Co., Ltd. 010560019
Metropolitan Bank and Trust Co. (Metrobank) 010269996
Mizuho Bank, Ltd. 010640010
MUFG Bank (formerly Bank of Tokyo-Mitsubishi UFJ) 010460012
Philippine Bank of Communications (PBCOM) 010110016
Philippine National Bank (PNB) 010080010
Philippine Savings Bank (PSBank) 010470992
Philippine Veterans Bank 010330016
Philippine Trust Company 010090039
Rizal Commercial Banking Corporation (RCBC) 010280014
Robinsons Bank Corporation 011070016
Security Bank Corporation 010140015
Shinhan Bank 011300016
Standard Chartered Bank 010050011
Sterling Bank of Asia Inc. 011190019
Sumitomo Mitsui Banking Corporation 011280013
Union Bank of the Philippines 010419995
United Coconut Planters Bank (UCPB) 010299995
United Overseas Bank Philippines 010270341
Yuanta Savings Bank (Formerly Tong Yang Savings Bank) 011130011

 

Can’t find your bank on the list? It could mean that PayPal doesn’t authorize withdrawals to your bank. Consider using another bank account or opening a new one.

Final Thoughts

If you still can’t find your SWIFT code or bank code (or you’re having trouble completing your transaction using the code), call your bank immediately to verify the code and ask for assistance.