[Guide] Bank Swift Codes in the Philippines

Gone were the days when people had to process their transactions at the bank just to send or receive money from abroad

With today’s technology, it’s now easier to communicate with other people and to send money from overseas, which makes it very convenient for freelancers, online professionals, as well as overseas Filipino workers (OFWs) to send/remit funds from anywhere in the world.  

[Guide] Bank Swift Codes in the Philippines

A Guide to Bank SWIFT Codes in the Philippines

And since you will be sending and receiving money from abroad, or dealing with money remittance and wire transfer, one of the things that you need to know is how to link your bank account to your international money provider correctly.

To do this, you must know the correct SWIFT code of your local bank in the Philippines to ensure that the money you will be sending will be credited successfully to your Philippine account.


Here are some of the things that you need to know about SWIFT codes:

What is SWIFT Code?

SWIFT means “Society for Worldwide Interbank Financial Telecommunication”. A Bank SWIFT code is used to ensure safe and secure financial services around the world.

A SWIFT code offers a standard method for access, integration, identification, analysis and regulatory compliance to communicate securely between financial institutions and related platforms.

Other terms for SWIFT Code include BIC (Business Identifier Code), BIC Code, SWIFT-BIC, or SWIFT ID. This typically consists of 8-11 characters of alphanumeric code.    

How do I Use SWIFT Code?

As mentioned, a SWIFT code standardizes the process of transferring funds overseas to local bank accounts. For this reason, OFWs, freelancers, professionals, and anyone who wants to wire transfer their money will benefit from the use of a SWIFT code. 

There are five (5) things that we need when we transfer money internationally: bank name, account name, account number, SWIFT Code, and the amount being transferred. 

What is the Bank SWIFT Code Format?

  • Bank Code – Four letters
  • Country Code – Two letters
  • Location Code – Two letters or two digits
  • Branch Code –  Last three characters

For example, the Bank Swift Code of Land Bank of the Philippines is TLBPPHMM.

What are the Bank SWIFT Codes Available in the Philippines?

As of June 2019, here is a list of the Bank SWIFT Codes in the Philippines:

  • 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 Direct – BPDIPHM1
  • 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

What will Happen/Should I Do if I Enter the Wrong SWIFT Code?

If you have entered the wrong bank SWIFT Code, you may be charged with fees. Although the fund won’t be sent to the wrong person, you need to inform your bank (money sender) immediately to avoid bigger problems. 

Remember to double-check and provide the correct BIC or bank Swift code before sending funds to any account recipient or local bank account to avoid incurring penalties and/or failed fund transfers.

With just a few clicks, services can be availed with so much ease, security, and convenience nowadays. This is why it’s important for us to know how we can take advantage of these services as much as we can.

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