With the millions of Filipinos working overseas, there will come a time that people would need to find a better and an easier way of remitting money. International money transfers is one way to do it. In fact, many OFWs resort to this now instead of using remittance centers because most of the time, there’s no service fee involved.


In making international money transfers, you will be usually required to key in the SWIFT code. The SWIFT code is also known as the bank code if you transact in PayPal. Don’t worry because in this article, we will be giving you an idea on what these SWIFT codes are and how you can use it.

What is a SWIFT Code?

SWIFT or Society for Worldwide Interbank Financial Telecommunication is a network which is based in La Hulpe, Belgium. It’s a system that uniforms all global transactions that happens locally and internationally. However, it’s utilized to manage and to ensure that transactions run smoothly.

Read: How to Fund COL Financial Account using BDO Online Banking

As stated above, a SWIFT code is an international code utilized to identify banks and other business parties. In addition to that, SWIFT codes are used to route financial transactions globally.

What this does is that it ensures that the funds are quickly transferred and secured to the correct and appropriate bank. Other names for the SWIFT code are:

  • BIC or Business Identifier Code
  • BIC Code
  • SWIFT I.D.
  • SWIFT-BIC

The SWIFT code generally consists of eight (8) to eleven (11) characters and can be usually seen in the following format/s:

  1. Four (4) character bank code;
  2. Two (2) character country code;
  3. Two (2) character location code; and
  4. *Optional Three (3) character branch identifier

For example, for BPI, the SWIFT code would be: BOPIPHMM

  1. BOPI = Bank of the Philippine Islands;
  2. PH = Philippines
  3. MM = Metro Manila

Why is it important to use a SWIFT code?

The SWIFT code usually is used for international transactions. It exists because it is what tells remittance centers and banks where the money is going to be sent. This is the reason why you need this code every single time you transfer funds internationally. Whether it’s from outside your country or if it’s going to come from the Philippines.

If you are sending cash or funds abroad, you would need the SWIFT code of the recipient’s bank before you can successfully push for a money transfer. On the other side of the page, if you are receiving money abroad and it’s going to be a transfer, you need to give out the SWIFT code of your bank to the sender.

I have multiple banks, how do I find the SWIFT code?

Providing an incorrect SWIFT code can lead to losing money. As a matter of fact, a lot of disputes and complaints about money not being received revolve around the idea of providing or submitting an incorrect SWIFT code.

In order for you to know what the correct SWIFT code of your bank is, you can visit the SWIFT website and search for your respective bank/s there.

Using the Online BIC Search Tool

bank swift code
This image was taken from the SWIFT Website | www2.swift.com
  1. Provide the bank name in the Institution Name field
  2. Of course, choose Philippines from the country drop down menu
  3. Enter the code or the CAPTCHA. Hit on Challenge after.
  4. Click on Search

Alternatively, you can phone your bank’s customer service hotline and ask for their SWIFT code. However, the only downside to this is that you would have to endure the long queues of customers calling.

Read: Contact Numbers of Philippine Banks You Need To Know In Cases Of Emergency

We’re going to cut you off some slack; we will be providing the Swift Codes of the top banks of the Philippines in this article.

Top Philippine Banks SWIFT Codes

Bank Name SWIFT Code
Asia United Bank Corporation (AUB) AUBKPHMM
BDO Unibank, Inc. (BDO) BNORPHMM
Bank of the Philippine Islands (BPI) BOPIPHMM
BPI Direct BPDIPHM1
BPI Family Savings Bank BPFSPHM1
BPI Globe Banko Inc. BPGOPHM1
China Banking Corporation (China Bank) CHBKPHMM
Citibank, N.A. – Makati Branch CITIPHMX
Citibank, N.A. – Manila Branch CITIPHMXTSU
Citibank, N.A. – Cebu Branch CITIPHMXCBU
Development Bank of the Philippines (DBP) DBPHPHMM
East West Banking Corporation (EastWest Bank) EWBCPHMM
The Hongkong and Shanghai Banking Corporation Ltd –
Philippine Branch (HSBC Philippines)
HSBCPHMM
HSBC Savings Bank (Philippines) Inc. HBPHPHMM
Land Bank of the Philippines TLBPPHMM
Metropolitan Bank and Trust Co. (Metrobank) MBTCPHMM
Philippine National Bank (PNB) PNBMPHMM
Rizal Commercial Banking Corporation (RCBC) RCBCPHMM
Security Bank Corporation SETCPHMM
Union Bank of the Philippines UBPHPHMM

If you were not able to see your bank in the list above, then you must be a member of a different bank. As mentioned above, the list only contains some of Philippines’ top banks. That doesn’t necessarily mean that those are the banks in our country.

Read: Charges for ATM Withdrawal and Balance Inquiry of Philippine Banks


Here are SWIFT codes of other banks which can be found in the Philippines:

Bank Name SWIFT Code
Australia and New Zealand 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
BNP Paribas, Manila Offshore Branch BNPAPHMM
Cathay United Bank Co., LTD. Manila Branch UWCBPHMM
China Bank Savings, Inc. CHSVPHM1
CTBC Bank (Philippines) Corp. CTCBPHMM
Deutsche Bank AG DEUTPHMM
Equicom Savings Bank, Inc. EQSNPHM1
First Commercial Bank, Ltd., Manila Branch FCBKPHMM
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
Maybank Philippines, Inc. MBBEPHMM
Mega International Commercial Bank Co., Ltd., Manila Branch ICBCPHMM
Mizuho Bank, Ltd., Manila Branch MHCBPHMM
MUFG Bank, Ltd., Manila Branch (formerly Bank of Tokyo-Mitsubishi UFJ) BOTKPHMM
Philippine Bank of Communications (PBCOM) CPHIPHMM
Philippine Business Bank PPBUPHMM
Philippine Savings Bank (PSBank) PHSBPHMM
Philippine Veterans Bank PHVBPHMM
Philtrust Bank (Philippine Trust Company) PHTBPHMM
Robinsons Bank Corporation ROBPPHMQ
Shinhan Bank Manila Branch SHBKPHMM
Standard Chartered Bank – Makati Branch SCBLPHMM
Standard Chartered Bank – Manila Branch SCBLPHMMEQI
Sterling Bank of Asia Inc. STLAPH22
Sumitomo Mitsui Banking Corporation Manila Branch SMBCPHMM
Taiwan Cooperative Bank Manila Offshore Banking Branch TACBPHMM
United Coconut Planters Bank (UCPB) UCPBPHMM
United Overseas Bank Limited – Manila Branch UOVBPHMM
Yuanta Savings Bank (formerly Tong Yang Savings Bank) TYBKPHMM

NOTE: This list was taken from the table Money Max PH gave.

Philippine Bank Codes

Philippine bank codes, on the other hand are codes that are used by financial institutions to be able to transfer to Philippine local banks. Bank codes or more commonly known as the Bank Routing Symbol Transit Number (BRSTN), is given to a bank and is used to identify its legal name, city, and country in financial transactions.

Read: Banks in the Philippines: Maintaining Balance of Different Account Types

It has nine (9) digits and is a standard bank identifier for receiving and sending money in and from the Philippines.

When are bank codes used?

If you do normal banking transactions, chances are, bank codes would be a completely new thing for you. The more familiar uses of bank codes is if you withdraw funds from PayPal accounts to the local bank account. Since PayPal has their headquarters overseas, they would have to provide the SWIFT and bank codes of the users’ banks.

You can find a bank code after you register in PayPal. In PayPal, they generally provide the list of bank codes in the Philippines when you sign in. After logging in:

  1. Hit on “Wallet” on the top category links;
  2. Under Bank Accounts, hit on “Link a bank account;
  3. Click on Add;
  4. Select the “List of bank codes” which is next to the Bank Code field;
  5. You will be redirected to a link where it displays the list of bank codes of banks in the Philippines.

You might have the challenge in finding the correct BRSTN or the bank code in PayPal’s list. So, here’s a more organized list. These banks are arranged alphabetically.

Bank Name SWIFT Code
Asia United Bank Corporation (AUB) 11020011
Australia and New Zealand Banking Group Limited 10700015
Bangkok Bank Public Company Limited 10670019
Bank of America, N.A. 10120019
Bank of China 11140014
Bank of Commerce 10440016
Bank of the Philippine Islands (BPI) 10040018
Bank of Tokyo-Mitsubishi, Limited 10460012
BDO Unibank, Inc. (BDO) 10530667
China Banking Corporation (China Bank) 10100013
China Bank Savings, Inc. 11129996
Citibank, N.A. 10070017
CTBC Bank (Philippines) Corp. 10690015
Deutsche Bank AG 10650013
Development Bank of the Philippines (DBP) 10590018
East West Banking Corporation (EastWest Bank) 10620014
Equicom Savings Bank, Inc. 10960017
First Consolidated Bank 20780012
Industrial Bank of Korea 11310019
JPMorgan Chase Bank, N.A. 10720011
KEB Hana Bank 10710018
The Hongkong and Shanghai Banking Corporation Ltd –
Philippine Branch (HSBC Philippines)
10060014
Land Bank of the Philippines 10350025
Maybank Philippines, Inc. 10220016
Mega International Commercial Bank Co., Ltd. 10560019
Metropolitan Bank and Trust Co. (Metrobank) 10269996
Mizuho Bank, Ltd. 10640010
MUFG Bank (formerly Bank of Tokyo-Mitsubishi UFJ) 10460012
Philippine Bank of Communications (PBCOM) 10110016
Philippine National Bank (PNB) 10080010
Philippine Savings Bank (PSBank) 10470992
Philippine Veterans Bank 10330016
Philippine Trust Company 10090039
Rizal Commercial Banking Corporation (RCBC) 10280014
Robinsons Bank Corporation 11070016
Security Bank Corporation 10140015
Shinhan Bank 11300016
Standard Chartered Bank 10050011
Sterling Bank of Asia Inc. 11190019
Sumitomo Mitsui Banking Corporation 11280013
Union Bank of the Philippines 10419995
United Coconut Planters Bank (UCPB) 10299995
United Overseas Bank Philippines 10270341
Yuanta Savings Bank (Formerly Tong Yang Savings Bank) 11130011

Now that you know what the SWIFT codes are for, you can definitely take advantage of this opportunity to be able to send and receive money abroad! More so, you now know your bank codes so be sure that it’s always correct.

Read: When and Why Should You Get a Credit Card?

Feel free to bookmark this specific article if you do international money transfers or transactions so you don’t have to search for it anymore.

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