If you’re in the Philippines and you have a business or online work, and you have to make a transaction with clients from other countries, you’ve probably found yourself registering with PayPal or other international financial platforms
Most of these platforms are popular and widely used abroad. For instance, PayPal is easy to set up, where sending and receiving payments is convenient.
However, there comes a time when you already need to withdraw your money from PayPal. If you have an account from a Philippine bank, you may have linked the bank to PayPal, but you were stopped on your set-up because PayPal is asking for a Bank Code. In some instances, a platform would ask about a SWIFT Code.
So, what are these Bank Codes that identify banks in the country? Following are the full list of Bank Codes and SWIFT Codes in the Philippines
What is Bank Code?
A bank code is a set of numbers assigned to a Philippine bank, quite similar to area code to phones or zip codes to addresses. Bank code identifies a specific bank in the Philippines.
Banks in the Philippines identify this code as Bank Routing Symbol Transit Numbers or “BRSTN”.
The codes are used by PayPal (as well other payment systems) to identify a registered bank in a country.
The BRSTN codes are usually 9 digits. Just find your bank where you have an account and copy its corresponding bank code and paste it on the field to which it’s asked in PayPal or other platforms.
Following is the complete list of bank codes in the Philippines.
Bank Codes in the Philippines
This first set is the most commonly used bank codes:
|Banco De Oro (BDO)||010530667|
|Bank Of The Philippine Islands (BPI)||010040018|
|Bank Of Commerce||010440016|
|China Banking Corp (Chinabank)||010100013|
|East West Bank||010620014|
|Hongkong And Shanghai Bank (HSBC)||010060014|
|Land Bank Of The Philippines (Landbank)||010350025|
|Metropolitan Bank & Trust Co. (Metrobank)||010269996|
|Philippine Bank Of Communication (PBCom)||010110016|
|Phil Trust Company (Philtrust)||010090039|
|Philippine National Bank (PNB)||010080010|
|Philippine Savings Bank (PSBank)||010269996|
|Rizal Commercial Banking Corp (RCBC)||010280014|
|Standard Chartered Bank||010050011|
|Union Bank Of The Philippines (UBP)||010419995|
|United Coconut Planters Bank (UCPB)||010299995|
This second set are the least commonly used bank codes:
|Allied Banking Corp||010320013|
|Asia United Bank||011020011|
|Australia New Zealand (Anz) Bank||010700015|
|Bangko Sentral Ng Pilipinas||010030015|
|Bank Of America||010120019|
|Bank Of China||011140014|
|Bank Of Tokyo||010460012|
|China Trust Commercial Bank||010690015|
|Citibank Philippines N.A.||010070017|
|Development Bank Of The Philippines (DBP)||010590018|
|Export & Industry Bank||010860010|
|International Commercial Bank Of China||010560019|
|Intl Exchange Bank||010680012|
|International Nederland Bank||010660016|
|JP Morgan Chase Bank||010720011|
|Korea Exchange Bank||010710018|
|Philippine Veterans Bank (Veterans Bank)||010330016|
|United Overseas Bank||010270189|
What is a SWIFT Code?
At other times, an institution will be asked about a SWIFT Code of a bank in the Philippines. Here’s what you need to know about SWIFT Codes.
SWIFT is a secure financial messaging service and international provider. SWIFT is an acronym for “Society for Worldwide Interbank Financial Telecommunication”.
What it does is that it does provide an identification code of registered banks in a country.
It is similar to what’s BRSTN is all about, but SWIFT is made up of 8 to 11 characters, which can include numbers and letters.
In other instances, this can also be known as BIC or “Bank Identifier Code”. This code is essential information when transferring money to International banks.
When a financial institution sends money to banks to other countries in the world, they would ask about the SWIFT of the bank that will receive the funds. This is their way to know that it’s a registered bank in that country.
The SWIFT codes can also be used to communicate to another financial institution. to exchange details and other pertinent information of a transaction.
SWIFT CODES follows a certain system that a identify a certain bank’s individual code.
Institution Code or bank code = 4 letters
Country Code = 2 letters
Location Code = 2 letters or two digits
Local Branch Code = Last 3 characters
An example of SWIFT Code for Metrobank.
Bank Code: MBTC (METROPOLITAN BANK AND TRUST CO)
Country Code: PH (Philippines)
Location Code: MM (Metro Manila)
SWIFT Codes (BIC) of Philippine Banks
Following is a list of commonly used SWIFT Codes (or BIC) of Banks in the Philippines
|Asia United Bank Corporation||AUBKPHMM|
|Australia And New Zealand (ANZ) Banking Group Limited||ANZBPHMX|
|Bank Of Commerce||PABIPHMM|
|Bank Of The Philippine Islands (BPI)||BOPIPHMM|
|Banco De Oro (BDO) Unibank||BNORPHMM|
|China Banking Corporation (Chinabank)||CHBKPHMM|
|Chinatrust (Phils.) Commercial Bank Manila||CTCBPHMM|
|Citibank N.A. (Cebu Branch)||CITIPHMXCBU|
|Citibank N.A. (Manila Head Office)||CITIPHMXV|
|Citibank Savings Inc.||CITIPH2X|
|Development Bank Of The Philippines (DBP)||DBPHPHMM|
|East West Banking Corporation||EWBCPHMM|
|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|
|Land Bank Of The Philippines||TLBPPHMM|
|Maybank Philippines Inc||MBBEPHMM|
|Metropolitan Bank And Trust Co. (MetroBank)||MBTCPHMM|
|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|
|Union Bank Of The Philippines||UBPHPHMM|
|United Coconut Planters Bank (UCPB)||UCPBPHMM|
If the bank is not listed above, you can also go to the official SWIFT website to get the code. The site will also provide additional code that identifies a specific branch and department of a bank.