Knowing the accurate Bank Swift Code is very crucial when you deal with wire transfer or money remittance. This will ensure that the money being received or sent internationally will be credited properly. So, what exactly is Swift Code? SWIFT means Society for Worldwide Interbank Financial Telecommunication. This aids in securing financial services all over the globe. Swift Code is also called SWIFT-BIC (Business Identifier Code), BIC, SWIFT ID, or BIC Code. It has around eight 8-11 alphanumeric characters.
Swift Code is used by professionals, OFWs, and freelancers who want to send money through wire transfer. In transferring money, five things will be needed in the said transaction;
- Name of Bank
- Account Name
- Account Number
- Swift Code
- Amount to be transferred
Format for Bank Swift Code
- Bank Code – 4 letters
- Country Code – 2 letters
- Location Code – 2 letters or 2 digits
- Branch Code – Last 3 characters
As seen in the example, Asiatrust Development Bank has eight characters. This will be the code to use in making money transfers. Every time you will be receiving or sending money internationally, this is the code you will use. There is a specific Swift Code that will be added to identify the branch of the bank in some cases. This will identify the routing number of the bank. The Swift Code of the bank’s head office can be used most of the time though.
Note: Wrong Entry of Swift Code
Be careful in entering your Swift Code because if you enter a wrong code, there will be some charges. The money you’re sending won’t go to another person but you have to inform the bank at once to avoid further inconveniences. Make sure that you enter the accurate Swift Code or BIC to avoid a failed transfer and penalties.
Complete List of Philippine Bank Swift Code 2019
|ADB (Asiatrust Development Bank)
|ANZ (Australia and New Zealand) Banking Group Limited
|AUB (Asia United Bank Corporation)
|Banco Filipino Savings and Mortgage Bank
|Bank of America
|Bank of China
|Bank of Commerce
|Bank of Makati (A Savings Bank), Inc.
|BDO (BDO Unibank, Inc.)
|BPI (Bank of the Philippine Islands)
|BPI Family Savings Bank
|BPI Globe Banko, Inc.
|Cathay United Bank Co. LTD. – Manila Branch
|Chinabank (China Banking Corporation)
|China Bank Savings, Inc.
|CIMB Bank Philippines, Inc.
|Citibank, N.A. – Makati Branch
|Citibank, N.A. – Manila Branch
|Citibank, N.A. – Cebu Branch
|Citystate Savings Bank, Inc.
|CTBC Bank (Philippines) Corporation
|DBP (Development Bank of the Philippines)
|Deutsche Bank AG
|Eastwest Bank (East West Banking Corporation)
|Equicom Savings Bank, Inc.
|First Commercial Bank, Ltd., Manila Branch
|HSBC (Hongkong and Shanghai Banking Corp.
Manila Head Office)
|HSBC (Hongkong and Shanghai Banking Corp. Cebu Branch)
|HSBC Savings Bank (Philippines) Inc.
|JPMorgan Chase Bank, N.A.
|Land Bank of the Philippines
|Maybank Philippines, Inc.
|Metrobank (Metropolitan Bank and Trust Co.)
|One Network Bank, Inc. (A Rural Bank)
|PBCom (Philippine Bank of Communications)
|Philippine Veterans Bank
|Philtrust Bank (Philippine Trust Company)
|Planters Development Bank
|PNB (Philippine National Bank)
|PNB (Philippine National Bank)- Treasury Operations
|PNB Savings Bank
|Philippine Business Bank
|PSBank (Philippine Savings Bank)
|RCBC (Rizal Commercial Banking Corporation)
|RCBC (Rizal Commercial Banking Corporation) – FCDU
|RCBC Savings Bank, Inc.
|Robinsons Bank Corp.
|Security Bank Corp.
|Standard Chartered Bank
|Standard Chartered Bank – Custodial Dept.
|Sterling Bank of Asia, Inc.
|UCPB (United Coconut Planters Bank)
|UCPB Savings Bank, Inc.
|Unionbank (Union Bank of the Philippines)
|United Overseas Bank Limited