Free directory of all 70 correspondent bank SWIFT/BIC codes registered in PHILIPPINES. Click any bank to view its full record and track an international SWIFT payment routed through it.
The Philippines is the world's fourth-largest remittance recipient, receiving over $36 billion annually from the 10-million-strong Overseas Filipino Worker (OFW) community. BDO (Banco de Oro), BPI (Bank of the Philippine Islands), and Metrobank process the majority of inward remittances via SWIFT, while the BSP's InstaPay and PESONet retail schemes handle domestic distribution once funds arrive in the country.
| RTGS / Settlement System | PhilPaSS+ (Philippine Payment and Settlement System) |
|---|---|
| Currency | PHP — Philippine Peso |
| Central Bank | Bangko Sentral ng Pilipinas (BSP) |
| Typical SWIFT Timing | 1–3 days (international SWIFT) |
Most international SWIFT wires arrive in the Philippines within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
the Philippines processes large-value interbank settlements through PhilPaSS+. Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is PHP — Philippine Peso. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 70