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Business Finance

Complete List of Bank Codes and SWIFT Codes Philippines in 2024

Complete List of Bank Codes and SWIFT Codes Philippines

What is a Bank Code?

A Bank Routing Symbol Transit Number (BRSTN), also known as a bank code, is a unique nine-digit identifier assigned to a bank.

This numerical combination is utilized to recognize the bank’s name, location (city), and country in financial transactions. It serves as a distinctive code allocated to each bank for identification in the activity of financial transactions.

What is the purpose of the Bank Code?

It is a standard way for banks to easily and securely exchange money. It’s like a special code that helps identify where the money is coming from and going. This code is widely used across the country, making it a simple and reliable way for people and businesses to send and receive money through banks.

Bank Code in the Philippine Banks

BANK BANK CODE
Asia United Bank Corporation (AUB)011020011
Australia and New Zealand Banking Group Limited010700015
Bank of America, N.A.010120019
Bank of China011140014
Bank of Commerce010440016
Bank of the Philippine Islands (BPI)010040018
BDO Unibank, Inc. (BDO)010530667
China Banking Corporation (China Bank)010100013
China Bank Savings, Inc.011129996
Citibank, N.A.010070017
CIMB Bank018010011
Deutsche Bank AG010650013
Development Bank of the Philippines (DBP)010590018
EastWest Bank010620014
Equicom Savings Bank, Inc.010960017
Globe Xchange, Inc. (GCash)018040010
First Consolidated Bank020780012
HSBC Philippines010060014
ING Bank N.V.010660029
JPMorgan Chase Bank, N.A.010720011
Land Bank of the Philippines010350025
Maybank Philippines, Inc.010220016
Metropolitan Bank and Trust Co. (Metrobank)010269996
Philippine Bank of Communications (PBCOM)010110016
Philippine National Bank (PNB)010080010
Philippine Savings Bank (PSBank)010470992
Philippine Veterans Bank010330016
Philippine Trust Company010090039
Rizal Commercial Banking Corporation (RCBC)010280014
Robinsons Bank Corporation011070016
Security Bank Corporation010140015
Standard Chartered Bank010050011
Sterling Bank of Asia Inc.011190019
Tonik Digital Bank011570011
Union Bank of the Philippines010419995
United Overseas Bank Philippines010270341

What is a SWIFT Code?

Imagine you have a friend in another country, and you want to send them money. Now, banks need a way to identify each other globally to make sure the money gets to the right place. That’s where SWIFT codes come in.

SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, gives each bank a unique code. It’s like a special address for banks. When you want to send money internationally, you include your bank’s SWIFT code along with other details, and it helps guide the money to the correct destination.

So, in short, SWIFT codes are like international postal codes for banks, ensuring your money reaches the right bank in another part of the world.

What is the purpose of the SWIFT Code?

This verification process is commonly facilitated by the utilization of various terms, including Business Identifier Code (BIC), BIC code, SWIFT-BIC, or SWIFT ID.

These designations collectively refer to the unique alphanumeric codes assigned to financial institutions, ensuring the authentication and protection of financial transactions during interbank communications.

SWIFT Code contains eight to 11 characters format:

  • Bank Code – Four letters
  • Country Code – Two letters
  • Location Code – Two letters or two digits
  • Branch Code – Last three characters

Bank SWIFT Codes in the Philippines

BANK NAMESWIFT CODE
Asia United Bank Corporation (AUB)AUBKPHMM
Australia and New Zealand Banking Group LimitedANZBPHMX
Bank of America, N.A. ManilaBOFAPH2X
Bank of CommercePABIPHMM
Bank of the Philippine Islands (BPI)BOPIPHMM
BDO Unibank, Inc. (BDO)BNORPHMM
BPI DirectBPDIPHM1
BPI Family Savings BankBPFSPHM1
BPI Globe Banko Inc.BPGOPHM1
China Banking Corporation (China Bank)CHBKPHMM
China Bank Savings, Inc.CHSVPHM1
CIMB Bank Philippines, Inc.CIPHPHMM
Citibank, N.A. – Makati BranchCITIPHMX
Citibank, N.A. – Manila BranchCITIPHMXTSU
Citibank, N.A. – Cebu BranchCITIPHMXCBU
Deutsche Bank AGDEUTPHMM
Development Bank of the Philippines (DBP)DBPHPHMM
EastWest BankEWBCPHMM
Globe Telecom, Inc. (GCash)GLTEPHMT
HSBC Savings Bank (Philippines) Inc.HBPHPHMM
ING Bank N.V.INGBPHMM
JPMorgan Chase Bank, N.A., Manila BranchCHASPHMM
Land Bank of the PhilippinesTLBPPHMM
Maybank Philippines, Inc.MBBEPHMM
Metropolitan Bank and Trust Co. (Metrobank)MBTCPHMM
Philippine Bank of Communications (PBCOM)CPHIPHMM
Philippine Business BankPPBUPHMM
Philippine National Bank (PNB)PNBMPHMM
Philippine Savings Bank (PSBank)PHSBPHMM
Philippine Veterans BankPHVBPHMM
Philtrust Bank (Philippine Trust Company)PHTBPHMM
Rizal Commercial Banking Corporation (RCBC)RCBCPHMM
Robinsons Bank CorporationROBPPHMQ
Security Bank CorporationSETCPHMM
Sterling Bank of Asia Inc.STLAPH22
Tonik Digital Bank, Inc.TODGPHM2
Union Bank of the PhilippinesUBPHPHMM
Categories
Business Finance

Complete List of Bank Codes in the Philippine Banks 2024

What is a Bank Code?

A Bank Routing Symbol Transit Number (BRSTN), also known as a bank code, is a unique nine-digit identifier assigned to a bank.

This numerical combination is utilized to recognize the bank’s name, location (city), and country in financial transactions. It serves as a distinctive code allocated to each bank for identification in the activity of financial transactions.

What is the purpose of the Bank Code?

It is a standard way for banks to easily and securely exchange money. It’s like a special code that helps identify where the money is coming from and going. This code is widely used across the country, making it a simple and reliable way for people and businesses to send and receive money through banks.

Bank Code in the Philippine Banks

BANK BANK CODE
Asia United Bank Corporation (AUB)011020011
Australia and New Zealand Banking Group Limited010700015
Bank of America, N.A.010120019
Bank of China011140014
Bank of Commerce010440016
Bank of the Philippine Islands (BPI)010040018
BDO Unibank, Inc. (BDO)010530667
China Banking Corporation (China Bank)010100013
China Bank Savings, Inc.011129996
Citibank, N.A.010070017
CIMB Bank018010011
Deutsche Bank AG010650013
Development Bank of the Philippines (DBP)010590018
EastWest Bank010620014
Equicom Savings Bank, Inc.010960017
Globe Xchange, Inc. (GCash)018040010
First Consolidated Bank020780012
HSBC Philippines010060014
ING Bank N.V.010660029
JPMorgan Chase Bank, N.A.010720011
Land Bank of the Philippines010350025
Maybank Philippines, Inc.010220016
Metropolitan Bank and Trust Co. (Metrobank)010269996
Philippine Bank of Communications (PBCOM)010110016
Philippine National Bank (PNB)010080010
Philippine Savings Bank (PSBank)010470992
Philippine Veterans Bank010330016
Philippine Trust Company010090039
Rizal Commercial Banking Corporation (RCBC)010280014
Robinsons Bank Corporation011070016
Security Bank Corporation010140015
Standard Chartered Bank010050011
Sterling Bank of Asia Inc.011190019
Tonik Digital Bank011570011
Union Bank of the Philippines010419995
United Overseas Bank Philippines010270341
Categories
Business Finance

Complete List of Bank SWIFT Codes in the Philippines 2024

When you’re dealing with transactions across borders—sending or receiving funds from family, friends, or clients—the SWIFT code is crucial. It helps the money find its way to the right destination, ensuring a smooth and secure journey. So, whether it’s a money remittance or a wire transfer, having your bank’s SWIFT code is like having a reliable GPS for your global finances. Think of a SWIFT code as your bank’s international passport for money.

What is a SWIFT Code?

Imagine you have a friend in another country, and you want to send them money. Now, banks need a way to identify each other globally to make sure the money gets to the right place. That’s where SWIFT codes come in.

SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, gives each bank a unique code. It’s like a special address for banks. When you want to send money internationally, you include your bank’s SWIFT code along with other details, and it helps guide the money to the correct destination.

So, in short, SWIFT codes are like international postal codes for banks, ensuring your money reaches the right bank in another part of the world.

What is the purpose of the SWIFT Code?

This verification process is commonly facilitated by the utilization of various terms, including Business Identifier Code (BIC), BIC code, SWIFT-BIC, or SWIFT ID.

These designations collectively refer to the unique alphanumeric codes assigned to financial institutions, ensuring the authentication and protection of financial transactions during interbank communications.

SWIFT Code contains eight to 11 characters format:

  • Bank Code – Four letters
  • Country Code – Two letters
  • Location Code – Two letters or two digits
  • Branch Code – Last three characters

Bank SWIFT Codes in the Philippines

BANK NAMESWIFT CODE
Asia United Bank Corporation (AUB)AUBKPHMM
Australia and New Zealand Banking Group LimitedANZBPHMX
Bank of America, N.A. ManilaBOFAPH2X
Bank of CommercePABIPHMM
Bank of the Philippine Islands (BPI)BOPIPHMM
BDO Unibank, Inc. (BDO)BNORPHMM
BPI DirectBPDIPHM1
BPI Family Savings BankBPFSPHM1
BPI Globe Banko Inc.BPGOPHM1
China Banking Corporation (China Bank)CHBKPHMM
China Bank Savings, Inc.CHSVPHM1
CIMB Bank Philippines, Inc.CIPHPHMM
Citibank, N.A. – Makati BranchCITIPHMX
Citibank, N.A. – Manila BranchCITIPHMXTSU
Citibank, N.A. – Cebu BranchCITIPHMXCBU
Deutsche Bank AGDEUTPHMM
Development Bank of the Philippines (DBP)DBPHPHMM
EastWest BankEWBCPHMM
Globe Telecom, Inc. (GCash)GLTEPHMT
HSBC Savings Bank (Philippines) Inc.HBPHPHMM
ING Bank N.V.INGBPHMM
JPMorgan Chase Bank, N.A., Manila BranchCHASPHMM
Land Bank of the PhilippinesTLBPPHMM
Maybank Philippines, Inc.MBBEPHMM
Metropolitan Bank and Trust Co. (Metrobank)MBTCPHMM
Philippine Bank of Communications (PBCOM)CPHIPHMM
Philippine Business BankPPBUPHMM
Philippine National Bank (PNB)PNBMPHMM
Philippine Savings Bank (PSBank)PHSBPHMM
Philippine Veterans BankPHVBPHMM
Philtrust Bank (Philippine Trust Company)PHTBPHMM
Rizal Commercial Banking Corporation (RCBC)RCBCPHMM
Robinsons Bank CorporationROBPPHMQ
Security Bank CorporationSETCPHMM
Sterling Bank of Asia Inc.STLAPH22
Tonik Digital Bank, Inc.TODGPHM2
Union Bank of the PhilippinesUBPHPHMM
Categories
Finance

Latest BIR Income Tax Table 2024 Philippines

As we kick off the new year, it’s time to get a grip on the latest update in finances – the 2024 BIR Income Tax Table in the Philippines. Whether you’re an individual or a freelancer, these updates can make a real difference in how much you pay in taxes.

Let’s dive into the 2024 BIR Income Tax Table and understand what it means for you and your money.

BIR Income Tax Table 2024

Source: BIR

Categories
Finance

Top Digital Banks Offering High Interest Rates in the Philippines

In today’s digital age, banking is becoming easier and more accessible, especially with the rise of digital banks. In the Philippines, these digital banks are not only convenient but also offer attractive interest rates, making them a popular choice among the younger generation.

We have compiled the list of digital banks offering high interest rates in the country. Let’s dive into the world of digital banking and discover how these platforms are reshaping the way Filipinos manage their money.

Digital Banks High Interest Rates in the Philippines

BankInterest RateWebsite
RCBC Diskartech6.5% per annumhttps://diskartech.ph/
Netbank6.5% per annum for those who opened before January 2023

4% per annum for those who opened after January 2023
https://www.netbank.ph/
GOtyme5% per annumhttps://www.gotyme.com.ph/
Maya Bank4% per annum in the Personal Goals account

10% per annum in the Savings account
2.5% per annum in the Business Deposit account

Up to 14% interest p.a. with Maya Savings​ (November 2023)
https://www.mayabank.ph/
Tonik 4% per annum for solo stash

4.5% per annum for group stash
https://tonikbank.com/
SeaBank4.5% per annum https://www.seabank.ph/
UNObank4.25% per annum in the UNOReady account with ₱5,0000 and above savings

3.5% per annum in the UNOReady account with ₱5,0000 and below savings

Up to 6% interest in the UNOReady account (Promo only, until November 30, 2023)

6.5% per annum in the UNOBoost account
https://uno.bank/
UnionDigital3% per annum for accounts with ₱5 million and below savings

4% per annum for accounts with ₱5 million and above savings
https://uniondigitalbank.io/en
CIMB5% p.a. interest ratehttps://www.cimbbank.com.ph/
Komo by Eastwest2.5% per annum https://www.komo.ph/
Overseas Filipino Bank1% per annum for accounts with ₱0.01 to ₱20,000.00 savings

2% per annum for accounts with ₱20,000.01 to ₱100,000.00 savings

3% per annum for accounts with ₱100,000.01 to ₱500,000.00 savings

4% per annum for accounts with ₱500,000.01 and above savings
https://ofbank.com.ph/