Ultimate Guide to Philippine Bank Code: SWIFT, BIC, IBAN, Routing Numbers

Here are the most useful list of bank code for money transfer like (PayPal, Google AdSense and Payoneer) Bank Codes & Swift Codes for all the banks in the Philippines. Including bank codes for BDO, BPI, MetroBank, UnionBank, LandBank, Security Bank, RCBC, and more.

Banking services through the aid of financial institutions either domestic or local services for deposit, credit card transactions, remittance and transmittal of payment, require a security code in a form of deposit account number, credit card number, routing number and bank code.
SEE ALSO: Money Converter Dollar To (PHP) Philippine Peso
Paypal has been considered the most reliable and credible e-commerce institution that transmits money around the world.

What is a Bank Code?

It identifies both the bank and the branch where the account is held. In some cases, the first digit of the sort code identifies the bank itself and in other cases the first 2 digits identify the bank.

In this article, we will show to you the complete lists of the Philippine Banks, their respective Bank Branch Codes, their Swift Codes and their Routing Numbers, how to lookup for this if you are outside the Philippines, so that, your transaction with PayPal will be easier and you don’t need to contact these banks just to get these information for online bank transfer.

With its wide affiliation with international banks make Paypal service unbeatable. Due to the rapid development of technology, international transaction is just a process of a snap.

Account Number VS Iban

Here is an example, an IBAN of a normal account number of AED 01123456701 is:

AE47 0440 0000 0112 3456 701

And it comprises of:

• “AE” – the country code
• “47” – the two check digits
• “044” – Standard Chartered UAE bank identifier
• “000” – preceding zeros
• “00” – the currency code
• “01123456701” – normal account number

Based on the above the IBAN for the UAE will be 23 characters. The diagram below shows the various components of the UAE IBAN.

An IBAN can always be distinguished from a normal customer account number by the following:

• Two letters at the beginning of the IBAN, which refer to the country code where the account resides;
• Two numbers (in the third and fourth position of the IBAN), which represent the check digit;
• Three numbers (after the check digits) to identify the respective bank where the beneficiary maintains his/her account; and
• The length of the IBAN is 2 3 characters.

In the Philippines, like all other banks in the world uses four (4) common bank identifying codes and these are the following:
BRSTN: a.k.a. Bank Routing Symbol Transit Numbers for Major Banks in the Philippines
This is a 9-digit code that identifies the country, the city, and the name of the bank. It is commonly used as bank identifier code used among banks in the Philippines to transfer funds.
SWIFT: or the “Society for Worldwide Interbank Financial Telecommunication”. Business Identifier Codes (BICs) are often called SWIFT addresses or codes depending on the countries it will be used. In the Philippines, we use SWIFT codes.

The SWIFT code is 8 or 11 characters, made up of:

• 4 letters: Institution Code or bank code.
• 2 letters: ISO 3166-1 alpha-2 country code
• 2 letters or digits: location code
• The last 3 characters represent the branch code.

IBAN: also known as International Bank Account Number is a number attached to all accounts and is made up of a code to identify the country the account belongs to, the accountholder’s bank and the account number itself.
CHIPS: stands for Clearing House Interbank Payments System and it is originated in the US for funds transfer all over the world.

Note: To avoid inconvenience, it is always advisable to contact your banks to check the bank codes of your own bank before using it to transfer funds.

The Complete List of Bank Codes (BRSTN) in the Philippines

SWIFT Code (BIC) for all Banks in the Philippines

SEE ALSO: ATM Withdrawal Limit & Fees (Maximum and Minimum)
Your Ultimate Credit Card Guide In Philippines for 2019