Millions of Overseas Working Filipinos (OFW) send monthly remittances to their families and loved ones through bank transfers. And SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes are typically used when transferring money between banks worldwide.
Each bank has its own unique SWIFT codes consisting of 8 or 11 characters. The code is a combination of letters and numbers. The four (4) letters indicate the bank or institution code, two (2) letter indicate the country and two (2) letters or digits serve as a location code of the bank’s main office. If the code has 11 characters, the last three (3) characters are the branch codes.
If you are an OFW or you receive remittances from one, it is important to take note of these SWIFT codes to ensure smooth inter-bank transfers.
When sending money, ask the SWIFT Code of the recipient’s bank. The SWIFT code is often indicated in the bank statements. But to save you time, here is a comprehensive list of SWIFT codes of local Philippine banks.
|BANK NAME||SWIFT CODE|
|1||ASIA UNITED BANK CORPORATION||AUBKPHMM|
|2||AUSTRALIA AND NEW ZEALAND (ANZ) BANKING GROUP LIMITED||ANZBPHMX|
|3||BANK OF COMMERCE||PABIPHMM|
|4||BANK OF THE PHILIPPINE ISLANDS (BPI)||BOPIPHMM|
|5||BANCO DE ORO (BDO) UNIBANK||BNORPHMM|
|6||CHINA BANKING CORPORATION (CHINABANK)||CHBKPHMM|
|7||CHINATRUST (PHILS.) COMMERCIAL BANK MANILA||CTCBPHMM|
|8||CITIBANK N.A. (CEBU BRANCH)||CITIPHMXCBU|
|9||CITIBANK N.A. (MANILA HEAD OFFICE)||CITIPHMX|
|10||CITIBANK SAVINGS INC.||CITIPH2X|
|11||DEVELOPMENT BANK OF THE PHILIPPINES (DBP)||DBPHPHMM|
|12||EAST WEST BANKING CORPORATION||EWBCPHMM|
|13||HONGKONG AND SHANGHAI BANKING CORP. (HSBC) CEBU BRANCH||HSBCPHMMCEB|
|14||HONGKONG AND SHANGHAI BANKING CORP. (HSBC) MANILA HEAD OFFICE||HSBCPHMM|
|15||HSBC SAVINGS BANK (PHILIPPINES) INC.||HBPHPHMM|
|16||LAND BANK OF THE PHILIPPINES||TLBPPHMM|
|17||MAYBANK PHILIPPINES INC||MBBEPHMM|
|18||METROPOLITAN BANK AND TRUST CO. (METROBANK)||MBTCPHMM|
|19||PHILIPPINE BANK OF COMMUNICATIONS (PBCOM)||CPHIPHMM|
|20||PHILIPPINE BUSINESS BANK (PBB)||PPBUPHMM|
|21||PHILIPPINE NATIONAL BANK (PNB)||PNBMPHMM|
|22||PHILIPPINE SAVINGS BANK (PS BANK)||PHSBPHMM|
|23||PHILIPPINE VETERANS BANK||PHVBPHMM|
|24||PHILTRUST BANK (PHILIPPINE TRUST COMPANY)||PHTBPHMM|
|25||RIZAL COMMERCIAL BANKING CORPORATION (RCBC)||RCBCPHMM|
|26||ROBINSONS BANK CORPORATION||ROBPPHMQ|
|27||SECURITY BANK CORPORATION||SETCPHMM|
|28||STANDARD CHARTERED BANK||SCBLPHMM|
|29||UNION BANK OF THE PHILIPPINES||UBPHPHMM|
|30||UNITED COCONUT PLANTERS BANK (UCPB)||UCPBPHMM|
Take note that some banks have more than two (2) main banks. Usually one is in Cebu and the other is in Metro Manila. Before sending your money, make sure every detail is right to avoid mistakes and prolonging the process.