The Philippine American Life and General Insurancecompany SWIFT/BIC code

The Philippine American Life and General Insurancecompany SWIFT code: AIACPHMM

The short code AIACPHMM and the full code AIACPHMMXXX refer to one and the same institution: The Philippine American Life and General Insurancecompany in Taguig, Philippines. Banks worldwide use BIC codes to route international transfers to the correct institution. It comes up mainly for transfers between countries or a currency.

We wrote this page to help people who receives money at an account at The Philippine American Life and General Insurancecompany and wants to get the details right. Keep in mind that the SWIFT code just identifies the bank, not the account: the account number or IBAN does that part.

A note on our data

The details on this page are taken from public sources which we refresh regularly. Banks reorganise, close branches and change codes. Figures such as the number of codes are from our own dataset and are not confirmed by The Philippine American Life and General Insurancecompany.

Use this page as a reference, rather than as the final word – the bank details from the recipient are leading. We are an independent comparison site and not part of The Philippine American Life and General Insurancecompany. Found an error? Tell us through the contact page so we can correct it.

Tracking a transfer to or from The Philippine American Life and General Insurancecompany

There is no fixed answer: some land the same day or the next while others need several business days. Payments made late in the day or on a weekend or public holiday usually start a business day later. Occasionally a bank asks what the payment is for, which can hold things up.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide a status in their app showing how far the money has got.

Only the sending bank can request a trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender the payment receipt including the reference.

Paying someone abroad from your The Philippine American Life and General Insurancecompany account

A bank transfer abroad costs rather more than the fee suggests. On top of the transfer fee, banks in between can take a cut, and if currencies are converted the bank often applies a rate below the actual market rate.

The markup on the rate is often the largest cost, and it is easy to miss. An easy check: set the rate you get next to the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services frequently use a rate near the mid-market rate and lower fees. GoldexPay lists these services next to each other so you can see the amount the recipient gets for the same amount sent. You can still keep your account at The Philippine American Life and General Insurancecompany; only the conversion and sending happen elsewhere.

Why The Philippine American Life and General Insurancecompany has an 8- and an 11-character code

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, characters five and six give the country and characters seven and eight indicate the location. For The Philippine American Life and General Insurancecompany, that core is AIACPHMM.

The 11-character version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office.

Enter the code as one block, in capitals and without separators. Look out for the letter O and the digit 0 and the letter I and the digit 1, a common source of typos.

The Philippine American Life and General Insurancecompany: head office code versus branch codes

With 2 codes, The Philippine American Life and General Insurancecompany belongs to the banks that use individual codes for parts of the organisation and departments. The head office code remains AIACPHMMXXX.

Usually you do not need to look up a branch: payments addressed to AIACPHMMXXX are routed within The Philippine American Life and General Insurancecompany correctly. If you have been given a branch code, stick to it instead of replacing it for the head office code.

The safest approach is to copy the code directly from the recipient’s statement. Branch codes are more prone to change than AIACPHMMXXX.

The Philippine Peso and what conversion costs you

Accounts at The Philippine American Life and General Insurancecompany are usually held in PHP, the local currency. Money sent in a different currency is converted into PHP on its way to The Philippine American Life and General Insurancecompany. There is rarely a separate charge for that conversion; it is built into the rate.

Which bank converts the money matters, because each party uses its own rate. Check what PHP the recipient gets via different services; the difference between options can be larger than you expect.

The PHP rate changes throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, a seemingly small difference in the rate adds up quickly.

Before you send: check the The Philippine American Life and General Insurancecompany code

The most reliable source for a SWIFT code is the recipient’s own bank details. If the code you have differs from AIACPHMM or AIACPHMMXXX, stop and ask: check with the recipient or with The Philippine American Life and General Insurancecompany directly.

Errors in the SWIFT code tend to be costly rather than disastrous – usually the money comes back, minus fees and time lost. An error in the IBAN or account number is more serious, because the money may be credited to someone else.

A validity check by your bank only tells you that the IBAN exists, not that it is the right account. Where available, a payee name check before sending adds an extra layer of safety. When you pay someone new, many people start with a small amount first before sending the rest.

Watch out for payment fraud

Stay wary when a contact suddenly wants you to send money to another account. A valid SWIFT code says nothing about whether the request is genuine.

Always confirm changed bank details by phone. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. Already paid? Call your bank without delay and ask them to try to recall the payment.

Scams also target the receiver: someone sends more than agreed and asks you to return the difference via a different route. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Receiving money from abroad at The Philippine American Life and General Insurancecompany

A sender in another country needs several details from you – incomplete details often cause delays. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code AIACPHMMXXX and sometimes your postal address.

Some sending banks also ask for the bank’s address in Taguig, so keep it at hand. A typo in the IBAN can be more trouble than it looks; copy them from your banking app rather than typing.

What lands in your account is often less than what was sent. Fees for incoming transfers differ from bank to bank – the price list of The Philippine American Life and General Insurancecompany tells you what applies. For business payments, you can state how the fees are split.