SWIFT/BIC codes in Philippines: banks starting with R

Philippines: banks and their SWIFT/BIC codes

Our directory covers 411 banks and financial institutions in Philippines. Every code identifies a bank or a specific branch or department and tells other banks where an international payment should go.

Every bank has its own page showing its main code and if there are any, branch codes. Below the list you can read how codes from Philippines are built, how to send money to Philippines at a fair price and how to check a code before you pay.

Receiving money in Philippines from abroad

Someone abroad who wants to pay you needs a few details about your account – incomplete details often cause delays. Share your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address.

Look up your bank in the list above to check its code, but take the code from your own bank details when in doubt. Some sending banks also ask for the name and address of your bank; it does no harm to include it.

What lands in your account can be lower than what was sent. Correspondent banks can take a fee, your bank may charge for incoming payments, and when currencies differ, an exchange rate margin comes on top. For business payments, agree who bears the costs, so nobody is left short.

When does money sent to Philippines arrive?

A SWIFT payment to Philippines usually needs one to a few business days – it depends on currency, route and the banks in between. Bank holidays in Philippines or in the sending country add extra days, because banks do not process payments on those days.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer carries a unique transaction reference, the UETR, which the sending bank can use to trace it. Keep the payment confirmation until the money has arrived.

The cheapest way to send money to Philippines

When you send money to Philippines via your bank, the stated fee is rarely all of what you pay. On top of a fixed fee, intermediary banks may deduct a charge, and when the money is converted the bank often applies a rate below the real market rate.

The real cost is often in the rate – the bank builds a margin into its rate. Check the rate you are offered against the mid-market rate that you find on financial sites.

Specialised transfer providers often offer rates closer to the mid-market rate and lower fees. GoldexPay compares these providers side by side so you can see what actually arrives in Philippines before you commit.

Paying a bank in Philippines from abroad

Since Philippines is outside SEPA, a transfer from abroad normally goes as a SWIFT payment. That means you always need the SWIFT/BIC code of the recipient’s bank.

Not every country uses IBAN numbers. Check with the recipient which details their bank requires for incoming international payments; banks often publish instructions for this. Before it arrives, a transfer can go through intermediary banks that charge for their part.

How SWIFT codes from Philippines are built

SWIFT/BIC codes follow the same format worldwide: 8 characters. The first four letters stand for the bank, the fifth and sixth characters form the country code and characters seven and eight mark the location.

You can recognise a code from Philippines by letters five and six – those always form the country code of Philippines. If those two letters do not match Philippines, you are looking at a bank somewhere else – worth double-checking.

The last three characters, if present, stand for a specific branch; XXX is used for the head office. In most cases the head office code is what you need, unless the recipient gives you a branch code.

Which bank in Philippines has the most codes?

In our data, Asiatrust Bank has the largest number of SWIFT/BIC codes in Philippines. The head office of Asiatrust Bank has ATDBPHM1XXX; that is usually the right code for a transfer.

Banks differ in whether they register branch codes. If not the recipient asks for a branch, the head office code ATDBPHM1XXX works for transfers to this bank.

Paying in PHP: what conversion costs you

The local currency in Philippines is the Philippine Peso (PHP). When you pay money in a different currency, it gets converted somewhere along the way: by your bank, an intermediary or the receiving bank.

Which bank converts the money makes a difference, because each party uses its own rate. Compare how much PHP the recipient gets with different providers. On larger amounts, even a small gap in the rate can be worth more than the fee.

SWIFT codes in Philippines: banks under :letter

You are looking at a filtered list: only institutions in Philippines whose name begins with :letter. The counts in the introduction still refer to the whole country and not only this selection.

If a bank does not appear here, check the full list. The full overview for Philippines remains available when the letter filter does not help.

Verifying a SWIFT code from Philippines

Ask the recipient to copy their bank details straight from a recent statement. When the code you were given differs from our list, do not guess: check with the recipient or the bank.

We collect SWIFT/BIC codes using public sources and check them from time to time. Institutions reorganise, change names and retire codes. Treat this list as a starting point, not as the final word: the bank details from the recipient come first. We are a comparison site for money transfers.

Watch out for invoices containing changed bank details – a common fraud method. Before paying, verify changed details by phone on a number you know.