Bank Swift Code

Even before the pandemic, many freelancers have already been working with foreign clients all over the world.

Then, coronavirus came into the picture.

More employers have shifted into work-from-home arrangements, and more international clients have been seeking remote workers.

This means clients pay remote workers using international currency and in various ways. However, there are times that the bank or wire transfer process is not that smooth. Most of the time, it will require you to create an account using other unconventional banking methods.

The most common examples are PayPal and Payoneer.

Now, say you have a ready PayPal account with funds from your client. The issue now is how you can utilize the funds in the Philippines, where PayPal is not that so recognized?

Despite this, the good thing is that PayPal funds can be transferred into your local bank account. But to do so, you need to know the right bank code corresponding to your bank.

So, yes! Here’s a complete list of PayPal Bank Codes and SWIFT Codes for the top Philippine banks.

Specifically, you will learn the following:

Table of Contents

What is a bank code?

For starters, a bank code is an identifier used to identify banks in any financial transaction. It is also called the Bank Routing Symbol Transit Number (BRSTN) and usually comprises a nine-digit code.

This unique code is assigned to a bank for identifying its name, city, and country in financial transactions. You can compare it to a ZIP code, but instead of representing a place, it is used to identify the specific bank.

Where is a bank code used?

In the Philippines, a bank code is more often referred to as the BRSTN. It is often used in transactions involving PayPal and other payment systems.

Through this, one can send the funds to any registered bank in the Philippines from any destination.

Complete List of Bank Codes (BRSTN) in the Philippines

Now, enough for the technicalities.

Here is now the list of the bank codes or BRSTN that you should know.

Bank Name

Bank Code

ALLIED BANKING CORP

010320013

AUSTRALIA NEW ZEALAND (ANZ) BANK

010700015

ASIA UNITED BANK

011020011

BANCO DE ORO (BDO)

010530667

BANGKO SENTRAL NG PILIPINAS

010030015

BANGKOK BANK

010670019

BANK OF AMERICA

010120019

BANK OF CHINA

011140014

BANK OF THE PHILIPPINE ISLANDS (BPI)

010040018

BANK OF TOKYO

010460012

BANK OF COMMERCE

010440016

CHINA BANKING CORP (CHINABANK)

010100013

CHINA TRUST COMMERCIAL BANK

010690015

CIMB BANK

018010011

CITIBANK PHILIPPINES N.A.

010070017

CTBC BANK (PHILIPPINES) CORP.

010690015

DEVELOPMENT BANK OF THE PHILIPPINES (DBP)

010590018

DEUTSCHE BANK

010650013

EASTWEST BANK

010620014

EQUICOM SAVINGS BANK, INC.

010960017

EXPORT & INDUSTRY BANK

010860010

GLOBE XCHANGE, INC. (GCASH)

018040010

FIRST CONSOLIDATED BANK

020780012

FUJI BANK

010640010

HONGKONG AND SHANGHAI BANK (HSBC)

010060014

INDUSTRIAL BANK OF KOREA

011310019

ING BANK N.V.

010660029

INTERNATIONAL COMMERCIAL BANK OF CHINA

010560019

INTL EXCHANGE BANK

010680012

JP MORGAN CHASE BANK

010720011

KEB HANA BANK

010710018

KOREA EXCHANGE BANK

010710018

INTERNATIONAL NEDERLAND BANK

010660016

LANDBANK OF THE PHILIPPINES (LANDBANK)

010350025

MAYBANK

010220016

MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD.

010560019

METROPOLITAN BANK & TRUST CO. (METROBANK)

010269996

MIZUHO BANK, LTD.

010640010

MUFG BANK, LTD., MANILA BRANCH (FORMERLY BANK OF TOKYO-MITSUBISHI UFJ)

010460012

PHILIPPINE BANK OF COMMUNICATION (PBCOM)

010110016

PHIL TRUST COMPANY (PHILTRUST)

010090039

PHILIPPINE NATIONAL BANK (PNB)

010080010

PHILIPPINE SAVINGS BANK (PSBANK)

010269996

PRUDENTIAL BANK

010150018

PHILIPPINE VETERANS BANK (VETERANS BANK)

010330016

PHILIPPINE TRUST COMPANY

010090039

RIZAL COMMERCIAL BANKING CORP (RCBC)

010280014

ROBINSONS BANK CORPORATION

011070016

SHINHAN BANK

011300016

STANDARD CHARTERED BANK

010050011

SUMITOMO MITSUI BANKING CORPORATION

011280013

SECURITY BANK

010140015

TONIK DIGITAL BANK

011570011

UNION BANK OF THE PHILIPPINES (UBP)        

010419995

UNITED COCONUT PLANTERS BANK (UCPB)

010299995

UNITED OVERSEAS BANK

010270189

YUANTA SAVINGS BANK (FORMERLY TONG YANG SAVINGS BANK)

011130011

Banks Without Equivalent Paypal Bank Codes

While there is a long list of banks requiring bank codes, some do not need this like the following:

One Network Bank (ONB – BDO)
City Savings Bank (CSB – UnionBank)
Robinsons Bank

But, what if you cannot find your bank on the list?

It is very simple - PayPal does not authorize withdrawals to your bank.

Hence, the best option is to consider using another bank account or opening a new one.

What is a SWIFT Code?

Another thing that you need to know is the SWIFT code.

But, what is it?

Also known as Society for Worldwide Interbank Financial Telecommunication, SWIFT is another valid code used by banks.

It is a network that is based in La Hulpe, Belgium, that manages SWIFT codes.

Compared to BRSTN with nine digits, SWIFT is made up of either 8 or 11 characters that include numbers and letters.

Others also call a SWIFT code as Bank Identifier Code (BIC). It is key information needed when sending money to overseas banks.

When to use a SWIFT code?

The BIC tells banks and remittance companies where to send the money. That is why it is essential in any international fund transfer transaction.

If you are the sender, you still need the recipient’s bank SWIFT code before you can make the transfer.

Moreover, if you are the receiver,  you need to provide your bank’s BIC code in the Philippines to the sender to make the transaction successful.

In a nutshell, the SWIFT code transfers money, specifically if the payment is from international banks.

Banks must know the SWIFT code of the receiving bank to wire funds successfully. Otherwise, it will be impossible to complete the transaction.

It is like the secret language code that unlocks the barrier between two different banks.

Here is the format used by most SWIFT codes in designating a bank’s code:

  • Institution Code or bank code = Four letters
  • Country Code = Two letters
  • Location Code = Two letters or two digits
  • Local Branch Code = Last three characters

Here is an example.

Say your client needs to send money from an international account to your Bank of the Philippine Islands (BPI) account with the branch located in Makati.

The designated SWIFT code for this branch is BOPIPHMM, where:

  • BOPI - stands for the Bank of the Philippine Islands’ bank code
  • PH - as the country code
  • MM - for the location, which stands for Metro Manila.

Complete List of SWIFT Codes (or BIC) of Philippine Banks

Here is the list of the SWIFT Codes or BIC of most Philippine banks that you should know.

Bank Name

SWIFT Code

ASIA UNITED BANK CORPORATION

AUBKPHMM

AUSTRALIA AND NEW ZEALAND (ANZ) 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

BANCO DE ORO (BDO) UNIBANK

BNORPHMM

BNP PARIBAS, MANILA OFFSHORE BRANCH

BNPAPHMM

BPI DIRECT

BPDIPHM1

BPI FAMILY SAVINGS BANK

BPFSPHM1

BPI GLOBE BANKO INC.

BPGOPHM1

CHINA BANKING CORPORATION (CHINABANK)

CHBKPHMM

CHINATRUST (PHILS.) COMMERCIAL BANK MANILA

CTCBPHMM

CIMB BANK PHILIPPINES, INC.

CIPHPHMM

CITIBANK N.A. (CEBU BRANCH)

CITIPHMXCBU

CITIBANK, N.A. - MAKATI BRANCH

CITIPHMX

CITIBANK N.A. (MANILA HEAD OFFICE)

CITIPHMXV

CITIBANK SAVINGS INC.

CITIPH2X

CTBC BANK (PHILIPPINES) CORP.

CTCBPHMM

DEUTSCHE BANK AG

DEUTPHMM

DEVELOPMENT BANK OF THE PHILIPPINES (DBP)

DBPHPHMM

EASTWEST BANKING CORPORATION

EWBCPHMM

EQUICOM SAVINGS BANK, INC.

EQSNPHM1

FIRST COMMERCIAL BANK, LTD., MANILA BRANCH

FCBKPHMM

GLOBE TELECOM, INC. (GCASH)

GLTEPHMT

HONGKONG AND SHANGHAI BANKING CORP. (HSBC) CEBU BRANCH

HSBCPHMMCEB

HONGKONG AND SHANGHAI BANKING CORP. (HSBC) MANILA HEAD OFFICE

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

LANDBANK OF THE PHILIPPINES

TLBPPHMM

MAYBANK PHILIPPINES INC

MBBEPHMM

MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., MANILA BRANCH

ICBCPHMM

MUFG BANK, LTD., MANILA BRANCH (FORMERLY BANK OF TOKYO-MITSUBISHI UFJ)

BOTKPHMM

METROPOLITAN BANK AND TRUST CO. (METROBANK)

MBTCPHMM

MIZUHO BANK, LTD., MANILA BRANCH

MHCBPHMM

PHILIPPINE BANK OF COMMUNICATIONS (PBCOM)

CPHIPHMM

PHILIPPINE BUSINESS BANK (PBB)

PPBUPHMM

PHILIPPINE NATIONAL BANK (PNB)

PNBMPHMM

PHILIPPINE SAVINGS BANK (PS BANK)

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

STANDARD CHARTERED BANK

SCBLPHMM

STERLING BANK OF ASIA INC.

STLAPH22

SUMITOMO MITSUI BANKING CORPORATION MANILA BRANCH

SMBCPHMM

TONIK DIGITAL BANK, INC.

TODGPHM2

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

 

How to find a bank’s SWIFT Code online?

Do you need to transfer money internationally but do not have an idea about the SWIFT code? Well, here are the steps to easily determine your bank’s swift code.

1. Visit the Swift website
It is the global provider of secure financial messaging services, and this online BIC Search service is free for use.

2. Enter the bank name. In this example, I entered Tonik Digital Bank. You also need to enter the captcha then hit send.

Swift Code

3. After hitting search, you should be able to see the SWIFT code now.

Swift Code

4. Click on the code to check more details about the bank.

Swift Code

Key Takeaways

In a nutshell, bank and SWIFT codes are essential in every bank transaction. Having enough knowledge about them and their uses helps you do a transaction efficiently.

While there is a way to verify your needed code online, there are times that it may not work for you.

Hence, if you cannot find your SWIFT code or bank code or have an error completing a transaction, it is best to call your bank immediately to verify the code and ask for assistance.

Source: Grit.ph

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