UPDATED 2020 List of BIC or Bank Swift Code in the Philippines – we’ve compiled the complete list of BIC / SWIFT Code of BDO, Metrobank, BPI, PNB, Security Bank, Landbank, Union bank, RCBC and all the top banks in the Philippines.
If you are sending and receiving money internationally, abroad or dealing with money remittance and wire transfer, you need to link your bank account to your international money provider correctly.
It is important to know the correct Swift code of your local bank in the Philippines to make sure that the money you are transferring will be crediting successfully to your bank account. Worry no more for we have listed the updated bank SWIFT Codes below.
What is SWIFT Code?
SWIFT stands for “Society for Worldwide Interbank Financial Telecommunication.” Bank SWIFT code ensures safe and secured financial services around the world. It sets global standards to facilitate access, integration, identification, analysis and regulatory compliance to communicate securely.
Swift Code is also known in the names of BIC (Business Identifier Code), BIC Code, SWIFT-BIC, SWIFT ID. It often consists of 8 to 11 characters of alphanumeric code.
How to Use SWIFT Code?
OFW, freelancers, professionals and people who want to wire transfer their money often need SWIFT code to transfer funds abroad to local bank accounts. Often, we need 5 things when we transfer money internationally: bank name, account name, account number, SWIFT Code, and the amount being transferred.
Bank SWIFT Code follow the following format:
- Bank Code – Four letters
- Country Code – Two letters
- Location Code – Two letters or two digits
- Branch Code – Last three characters
Example: Bank Swift Code of BDO is BNORPHMM
In the format above, the BDO Swift Code is composed of 8 characters. I use this code for money remittances. Whatever BDO branch your bank account is based, you can use this code as it is the SWIFT code of their head office or branch head. Your wire transfer will automatically transfer to your BDO bank account.
Branch code is also added for any specific bank Swift code. It is often an additional three characters. Since it identifies the bank branch, it apparently identifies the bank routing number as well although not in all cases. Using the head office bank Swift code is already accepted most of the time.
List of Bank Swift Code in the Philippines as of 2020
Updated as of 2020, the bank SWIFT code of BDO, Metrobank, BPI, PNB, Landbank, Security Bank, Union Bank, China Bank, RCBC, Eastwest Bank, PS Bank and all the well-known commercial banks in the Philippines are listed below.
|ADB (Asiatrust Development Bank)||ASDVPHM1|
|ANZ (Australia and New Zealand) Banking Group Limited||ANZBPHMX|
|AUB (Asia United Bank Corporation)||AUBKPHMM|
|Banco Filipino Savings and Mortgage Bank||FIAOPHM1|
|Bank of America||BOFAPH2X|
|Bank of China||BKCHPHMM|
|Bank of Commerce||PABIPHMM|
|Bank of Makati (A Savings Bank), Inc.||MKRUPHM1|
|BDO (BDO Unibank, Inc.)||BNORPHMM|
|BPI (Bank of the Philippine Islands)||BOPIPHMM|
|BPI Family Savings Bank||BPFSPHM1|
|BPI Globe Banko, Inc.||BPGOPHM1|
|Cathay United Bank Co. LTD. - Manila Branch||UWCBPHMM|
|Chinabank (China Banking Corporation)||CHBKPHMM|
|China Bank Savings, Inc.||CHSVPHM1|
|CIMB Bank Philippines, Inc.||CIPHPHM1|
|Citibank, N.A. - Makati Branch||CITIPHMX|
|Citibank, N.A. - Manila Branch||CITIPHMXTSU|
|Citibank, N.A. - Cebu Branch||CITIPHMXCBU|
|Citystate Savings Bank, Inc.||CIVVPHM1|
|CTBC Bank (Philippines) Corporation||CTCBPHMM|
|DBP (Development Bank of the Philippines)||DBPHPHMM|
|Deutsche Bank AG||DEUTPHMM|
|Eastwest Bank (East West Banking Corporation)||EWBCPHMM|
|Equicom Savings Bank, Inc.||EQSNPHM1|
|First Commercial Bank, Ltd., Manila Branch||FCBKPHMM|
|HSBC (Hongkong and Shanghai Banking Corp. Manila Head Office)||HSBCPHMM|
|HSBC (Hongkong and Shanghai Banking Corp. Cebu Branch)||HSBCPHMMCEB|
|HSBC Savings Bank (Philippines) Inc.||HBPHPHMM|
|JPMorgan Chase Bank, N.A.||CHASPHMM|
|Land Bank of the Philippines||TLBPPHMM|
|Maybank Philippines, Inc.||MBBEPHMM|
|Metrobank (Metropolitan Bank and Trust Co.)||MBTCPHMM|
|One Network Bank, Inc. (A Rural Bank)||ONNRPHM1|
|PBCom (Philippine Bank of Communications)||CPHIPHMM|
|Philippine Veterans Bank||PHVBPHMM|
|Philtrust Bank (Philippine Trust Company)||PHTBPHMM|
|Planters Development Bank||PLDEPHM1|
|PNB (Philippine National Bank)||PNBMPHMM|
|PNB (Philippine National Bank)- Treasury Operations||PNBMPHMMTOD|
|PNB Savings Bank||PNSAPHM1|
|Philippine Business Bank||PPBUPHMM|
|PSBank (Philippine Savings Bank)||PHSBPHMM|
|RCBC (Rizal Commercial Banking Corporation)||RCBCPHMM|
|RCBC (Rizal Commercial Banking Corporation) - FCDU||RCBCPH21|
|RCBC Savings Bank, Inc.||RCSAPHM1|
|Robinsons Bank Corp.||ROBPPHMQ|
|Security Bank Corp.||SETCPHMM|
|Standard Chartered Bank||SCBLPHMM|
|Standard Chartered Bank - Custodial Dept.||SCBLPHMMEQI|
|Sterling Bank of Asia, Inc.||STLAPH22|
|UCPB (United Coconut Planters Bank)||UCPBPHMM|
|UCPB Savings Bank, Inc.||UCSVPHM1|
|Unionbank (Union Bank of the Philippines)||UBPHPHMM|
|United Overseas Bank Limited||UOVBPHMM|
I Entered Wrong SWIFT Code – What to Do?
If you have entered a wrong bank Swift Code, you may be charged with fees. Although the money won’t be sent to the wrong person, tell your money sender right away to avoid bigger problems. Provide the correct BIC or bank Swift code before sending your money to any account recipient or local bank account to avoid penalties and failed fund transfer.
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