Comprehensive List of Bank (BRSTN) and SWIFT Codes (BIC) - 2021

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?
• Where is a Bank Code used?
• Complete List of Bank Codes (BRSTN) in the Philippines
• Banks Without Equivalent Paypal Bank Codes
• What is a SWIFT Code?
• When to use a SWIFT Code
• List of SWIFT Codes (or BIC) of Philippine Banks
• How to Find Your Bank’s Swift Code (or BIC) Online

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.

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

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

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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