SWIFT/BIC codes in Philippines: banks starting with C

Philippines: banks and their SWIFT/BIC codes

On this page you find the SWIFT/BIC codes of 411 banks in Philippines. You need a SWIFT/BIC code mainly for international transfers.

Choose a bank below to view its head office code and its other codes, plus practical notes for sending and receiving money. The sections below explain how the codes work, what transfers cost and how to avoid mistakes before you send money.

How long does a transfer to Philippines take?

An international transfer to Philippines typically needs one to a few business days – it depends on currency, route and the banks in between. Transfers sent late in the day or on weekends and holidays often go out the next business day.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique reference, the UETR that banks can use to see where the money is. Save your transfer receipt until the money has arrived.

Sending PHP to Philippines

Most accounts in Philippines are typically held in PHP – the Philippine Peso. Money sent in a different currency will be exchanged into PHP – and the bank that does it picks the rate.

Where the conversion happens has an effect on the final amount. Often you pay less to send PHP directly through a provider with a good rate so the receiving bank does not need to convert again. Rates for PHP change during the day – some providers let you lock in a rate.

Check the code before you pay

The safest source for a SWIFT code is the recipient’s own bank details: an invoice, a statement or their online banking. An incorrect BIC may lead to delays, a returned payment or extra fees, so compare it with the list on this page.

Our SWIFT/BIC directory is based on public sources. Institutions reorganise, close branches and retire codes. For any payment of any size, confirm the BIC with the recipient. GoldexPay is not a bank and is not affiliated with the banks listed.

Watch out for payment requests containing a new account, especially when they come by email. A valid BIC says nothing about whether a request is genuine.

Banks in Philippines starting with :letter

This filter narrows the list down to banks from Philippines that begin with :letter. The figures for Philippines on this page apply to all 411 banks, not just the ones under :letter.

Cannot find the bank? The registered name might begin with another word. The complete list remains one click away when you cannot find the bank here.

The structure of a Philippines SWIFT/BIC code

A SWIFT code is either 8 or 11 characters long and follows a fixed pattern. The first four letters identify the bank, characters five and six are the country code and characters seven and eight give the location.

Whatever the bank, all Philippines codes have the same country code in positions five and six. Codes with a different country code belong to a bank abroad.

The last three characters, if present, stand for a branch or department; XXX is used for the head office. Use a branch code only when the recipient explicitly gives you one – otherwise stick with the head office.

Bank or transfer service for Philippines?

A bank transfer to Philippines often costs more than the fee suggests. On top of a fixed fee, correspondent banks may take a cut and, if currencies are converted, the bank usually uses a rate below the actual market rate.

That exchange rate margin tends to be the biggest part of the cost because it is hidden in the rate. An easy check: put the rate you get next to the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service is cheaper than a bank, mainly because of the rate. Before your next transfer to Philippines, it is worth to compare the total cost on GoldexPay instead of going straight to your bank.

Incoming international payments in Philippines

To receive an international payment into a Philippines account, the sender has to have not just the BIC. Share your name as registered with the bank, your account number or IBAN, the BIC of your bank and your address, which some banks require.

Look up your bank in the list above – your bank statement is the final word. Certain sending banks also want the name and address of your bank.

The amount you receive is often less than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. Agree with the sender who covers the fees.

The largest SWIFT network in Philippines: Asiatrust Bank

Of the 411 banks in Philippines, Asiatrust Bank has the largest number of SWIFT codes. The head office of Asiatrust Bank has ATDBPHM1XXX and that code covers most payments.

Banks differ in how many codes they register – a high count is not a measure of size. Unless the recipient asks for a branch, the head office code ATDBPHM1XXX works for transfers to this bank.

Why a transfer to Philippines needs a SWIFT code

To pay into Philippines you will almost always need the BIC – Philippines is not a SEPA country. Without it, most banks will not send the payment.

Not all countries use the IBAN – where there is none, the local account number is enough. The receiving bank usually has a list of required details for payments from abroad – follow them exactly. On the way to Philippines, a payment may pass through correspondent banks that charge for their part.