LooknofurtherbecauseyoucanfindalltheSWIFTCodesyouneedinthislist!
IrememberonetimewhenIwasstillworkingabroadandIsentawiretransfertothePhilippines.ApparentlyIusedthewrongSWIFTCode(whichIgotfromsomeunreliablesourceontheinternet)butmyoriginatingbankstillacceptedthemoneytransferrequest.Iwastoldtheremittancewouldbecompletedin2-3daysandIthoughteverythingwouldbejustfine.
MyremittancebanktoldmethewiretransferwasrejectedbecauseIgavethewrongSWIFTCode.Worse,theychargedme$10.00forthefailedtransaction!
Checkoutbelowthecomplete,accurate,andmostupdatedlistofSWIFTcodesforbanksandfinancialinstitutionsinthePhilippines!
ArticleGuide
HowisSWIFTcodedifferentfromBICWell,SWIFTcodeisactuallyjustthemorecommonlyusedtermfortheBankIdentifierCode(BIC),andthetwoareprettymuchthesame.Thecodesaretypicallyusedwhentransferringmoneybetweenbanks(particularlyforinternationalremittancesandwiretransfers)andalsofortheexchangeofmessagesbetweenbanks.
AtypicalBICorSWIFTCodeconsistsof8or11characters.The8-digitcodeusuallyreferstotheHeadquartersorHeadOfficeofthebank,whilethe11-digitcodeisintendedforaspecificunitorbranchofthebank.
Theformatofthe8-digitor11-digitSWIFTcode(orBIC)typicallymeans:
MajorityofinternationalbanksadoptanduseSWIFTcodesforinterbankmessagesandwiretransfers.AccordingtotheSWIFTNetworkwebsite,theyconnectmorethan11,000banks,financialinstitutions,andcorporatecustomersspanning200countriesandterritoriesworldwide.
Again,theSWIFTcodeyouneedtouseistheMainBranchSWIFTcodeasprovidedinourlistabove,regardlessifyourbranchislocatedinLuzon,Visayas,orMindanao.
ForBDONetworkBank,however,theSWIFTCodetouseisONNRPHM1.
FortheSWIFTCodesofotheraffiliatecompaniesofBPI,checkoutthelistbelow.
FortheSWIFTCodeofMetrobankCardCorp.,meanwhile,useMCCEPHM1.
ThereareSWIFTCodesforotherbranchesofLandBankinDavao,Iloilo,GeneralSantosCity,Cebu,andQuezonCity.Checktheminthelistbelow.
ForallotherbranchesofLandBankwhicharenotshownonthelist,justusetheHeadOfficeLandBankSWIFTCode,whichisTLBPPHMM.
TheSWIFTCodeofGCash,thepopularmobilee-walletinthePhilippines,isGLTEPHMT.
TheSWIFTCodeofTonikDigitalBankisTODGPHM2.
ForMayaBank,theSwiftCodetouseisMYYAPHM2.
FortheSWIFTCodesofotherPhilippinebanks,checkthemoutinourcomprehensivelistbelow.
Atfirstglance,allthesecodessoundconfusingbuttosimplify,theBIC,IBAN,ABA,andFedwirenumbersaremerecodesusedbybankstocommunicatetoeachotherinordertofacilitatepaymentsandtransfersofmoney.
Weexplaintheirdifferencesbelow.
Asmentionedearlier,theBICorSWIFTcodeisgenerallycomprisedof8characters.Theextendedcodeof11characters(withthelastthreedigitsadded)enablespaymentstobedirectedtoaspecificoffice,branch,orunitoftheinstitution.
TheIBAN(InternationalBankAccountNumber)iscurrentlythestandardforpaymentcodesamongbankswithintheEuropeanUnion(EU),althoughothernon-EuropeancountrieshavealsostartedtoadoptitincludingcountriesintheMiddleEastandintheCaribbean.Asof2020,morethan77countries(primarilyinEurope)areusingtheIBANnumberingsystem.
TheIBANmayconsistofupto34alphanumericcharacterscontainingallroutinginformationneededtoprocessapaymentfromonebanktoanother.Thisroutingcodecontainskeybankaccountdetails,suchas:
Fedwire(alsocalledtheFederalReserveWireNetwork)isareal-timefundstransfersystemusedbyFederalReserveBanksintheUnitedStatestoelectronicallysettlepaymentsamongmemberinstitutionswithinthesameday.ItisoperatedbymemberbanksoftheUSFederalReserve,allowingreal-timepaymentsamongFedbanksandotherparticipatinginstitutions.TheparticipatinginstitutionsmustbedepositoryfinancialinstitutionsintheUSwhichmaintainanaccountwiththeFederalReserve.
TheABARoutingNumberorRoutingTransitNumber(RTN)wasdevelopedbytheAmericanBankersAssociation(ABA)intheUnitedStatesandconsistsofnine(9)digitswhichidentifythebankorfinancialinstitutionresponsibleforthepaymentorsettlementofacheck.
TheABARoutingNumbertypicallyappearsatthebottomofnegotiableinstruments,includingchecks,toidentifythebankwherethecheckpaymentwillbedrawn.Inrecentyears,theABARTNshaveevolvedtoidentifynotonlythebankwhichwillsettlethecheck,butalsoalsoparticipantsinelectronicfundstransfer,automatedclearinghouses(ACH),andonlinebanking.
WhatabouttheBRSTNcodeorBankRoutingSymbolTransitNumber
WecheckedwithUpworkandthefollowingBRSTNorRoutingNos.shouldbeused.AsforPaypal,thesearetheBankCodestouseaswell.
WARNING!ThenumbersaboveareBRSTNorBankCodesforuseparticularlyinPaypalorinUpwork.FormoneytransfertransactionsthatrequireSWIFTCodeorBICNumber,refertotheSWIFTCodetablesabove.