SWIFT/BIC codes in Philippines: banks starting with T

Philippines: banks and their SWIFT/BIC codes

In Philippines our database holds 456 SWIFT/BIC codes, spread over 411 institutions. You need a SWIFT/BIC code mostly when making international transfers.

Choose the bank from the list to see its head office code and any branch codes. The rest of this page covers how the codes work, the cost of transfers and how to avoid mistakes before a payment.

SWIFT transfers to Philippines

For Philippines you will almost always need the BIC, because the country is outside the SEPA area. Without it, most banks will not send the transfer at all.

In some countries, accounts are identified by a domestic account number instead of an IBAN, sometimes with an extra bank or branch code. Ask the recipient exactly which details their bank requires for payments from abroad; banks often publish instructions for this. International transfers sometimes go via one or more intermediary banks and fees can be taken along the way.

How long does a transfer to Philippines take?

How quickly a payment reaches Philippines is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made late in the day or just before weekends and holidays usually start a business day later.

When a payment takes longer than expected, ask the sender to contact the sending bank for a trace; only the sending side can start an official trace. Specialist transfer services usually show a status online, which makes it easier to see where the money is.

Sending money to Philippines for less

An international bank payment to Philippines can cost rather more than the fee suggests. Besides a fixed fee, correspondent banks can take a cut, and when the money is converted the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee. An easy check: set the offered rate next to the mid-market rate and work out the difference on your amount.

Specialist money transfer services often use a rate near the mid-market rate and lower fees. On GoldexPay we compare the amount that arrives in Philippines across providers, which makes the cheapest option easy to spot.

Getting paid from abroad into an account in Philippines

Someone abroad who wants to pay you will ask for several details about your account, and missing ones are a common cause of delays. That means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code of your bank and usually your postal address.

Find your bank in the list above, but take the code from your own bank details when in doubt. Certain sending banks may also want your bank’s address.

What lands in your account can be lower than what was sent. Correspondent banks can take a fee, and when currencies differ, a markup on the rate comes on top. Make clear with the sender who pays which costs.

Sending PHP to Philippines

The national currency in Philippines is the Philippine Peso (PHP). When you pay another currency, it gets converted somewhere along the way – by your bank, a bank in between or the recipient’s bank.

Where the conversion happens affects how much arrives, since every bank sets its own rate. Compare how much PHP the recipient gets with several services before choosing one. On larger amounts, even a small gap in the rate can be worth more than the fee.

Banks in Philippines beginning with the letter :letter

This filter narrows the list down to banks from Philippines that begin with :letter. The figures for Philippines mentioned here cover every bank we list.

If a bank does not appear here, check the full list – the registered name can differ from the name people use. Use the full list for Philippines if you are not sure the exact name.

How reliable is this list?

The best place to find the right code is a document from the bank itself, such as a statement or the account page in online banking. When the code you were given does not match our list, do not guess: check with the recipient or the bank.

We gather bank codes using publicly available data and check them regularly. Banks merge, change names and change codes, and no directory catches every change immediately. Use our data as a starting point rather than the last word; the recipient’s bank details are leading. GoldexPay is an independent comparison site and is not affiliated with the banks listed.

Fraudsters often use fake invoices carrying changed bank details from what looks like a familiar address. Always verify changed details by phone, using a number you already had.

Which bank in Philippines has the most codes?

Asiatrust Bank leads the list for Philippines in SWIFT/BIC codes. Its head office code is ATDBPHM1XXX.

Banks differ in how many codes they register. Unless a branch code is given, the head office code ATDBPHM1XXX works for a payment to Asiatrust Bank.

How SWIFT codes from Philippines are built

Each SWIFT/BIC code consists of 8 or 11 characters in a fixed order. The first four letters stand for the bank, characters five and six are the country code and the next two mark the location.

You can spot a code from Philippines by letters five and six: they always show the ISO country code of Philippines. When those two letters do not match Philippines, the code belongs to a bank somewhere else.

The long version ends in three characters for a branch. In most cases the head office code is fine, unless the recipient gives you a branch code.