SWIFT/BIC codes in Philippines: banks starting with Y

Bank SWIFT codes for Philippines

Our directory covers 411 banks and financial institutions in Philippines and 456 SWIFT/BIC codes between them. You need a SWIFT/BIC code mostly for payments across borders, and especially for payments in foreign currencies.

Look for the recipient’s bank below and open its page for the full list of codes. Further down you can read how codes from Philippines are built, how to send money there at a fair price and how to check a code before you pay.

Transfer times to Philippines

How fast money arrives in Philippines is determined by a few things: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Bank holidays in Philippines or in the sending country add extra days.

When a payment takes longer than expected, ask the sender to contact their own bank for a trace; only the sending side can start an official trace. Money transfer services usually show a status in their app.

Paying in PHP: what conversion costs you

The local currency in Philippines is the Philippine Peso (PHP). A payment in a foreign currency will be exchanged into PHP before it reaches the account, and whoever converts it chooses the rate.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Compare what PHP the recipient gets via different providers before choosing one. On larger amounts, a seemingly small gap in the rate can be worth more than the fee.

How reliable is this list?

The most reliable place for the correct BIC is a document from the bank itself, such as a statement or the account page in online banking. A wrong code can cause a delay, a payment being sent back or additional charges – compare it with the code in our list.

The directory on GoldexPay is based on public sources that we update periodically. Banks reorganise, close branches and change codes, and no directory catches every change immediately. Treat our data as a starting point, not as the final word. GoldexPay is an independent comparison service for money transfers, not a bank.

Watch out for payment requests containing a new account, especially when they come by email. A valid BIC says nothing about who owns the account – scammers use the codes of real banks.

The cheapest way to send money to Philippines

An international bank payment to Philippines often costs more than the fee suggests. You pay a transfer fee, possibly fees from correspondent banks along the way and, above all, the margin on the exchange rate when currencies differ.

That exchange rate margin tends to be the biggest part of the cost because it is hidden in the rate. Compare the rate you are offered against the mid-market rate, the midpoint you see on financial news sites. The difference is your real cost.

Specialist money transfer services frequently use rates closer to the mid-market rate. Before you send money to Philippines, it is worth comparing the total cost via GoldexPay instead of going straight to your bank.

Filter: banks in Philippines with :letter

You are looking at a selection: just institutions in Philippines whose name begins with :letter. The totals mentioned here cover every bank we list.

Some banks appear under their official name. Use the full list for Philippines when you do not know how the name is spelled.

Getting paid from abroad into an account in Philippines

To receive a transfer from abroad into a Philippines account, the person paying you needs not just the SWIFT code. That means: your full name as your bank knows it, your account number or IBAN, the BIC of your bank and, often, your postal address.

Find the bank in the list on this page and compare the code with your own bank details – your bank statement is the final word. It helps to include the name and city of your bank as well because some forms have separate fields for it.

Expect that the incoming amount is below the amount on the sender’s receipt. Fees for incoming transfers differ per bank – your bank’s price list tells you what applies. On invoices, state how the fees are split, so nobody is left short.

Why a transfer to Philippines needs a SWIFT code

Philippines is not part of the SEPA area, so European euro rules do not apply. International transfers to Philippines normally travel over the SWIFT network.

In some countries, accounts are identified by a domestic account number instead of an IBAN, sometimes with an extra bank or branch code. The receiving bank often provides instructions for incoming international payments – follow them exactly. International transfers can pass through correspondent banks.

The structure of a Philippines SWIFT/BIC code

A SWIFT code is either 8 or 11 characters long. The first four letters stand for the bank, the fifth and sixth characters are the country code and characters seven and eight give the location.

For banks in Philippines, characters five and six are the two-letter ISO code of Philippines, which makes these codes easy to recognise. When the country letters point to another country, you are looking at a bank in another country.

When a code ends in XXX, it refers to the main office and the short version works just as well. In most cases the head office code is fine unless the recipient asks for a specific branch.

Which bank in Philippines has the most codes?

Asiatrust Bank tops our list of Philippines banks in SWIFT/BIC codes. Its head office code is ATDBPHM1XXX – the code most transfers need.

How many codes a bank has tells you more about how it registers branches and services than about its size. Unless a branch code is given, ATDBPHM1XXX is fine for a payment to Asiatrust Bank.