What is the SWIFT code for Bank of the Philippine Islands?

The SWIFT system is a messaging network used by banks to send information like money transfer orders quickly, accurately and securely. It is something you need to be familiar with if you ever transfer money overseas because international transfers usually use the SWIFT system. However, did you know that you can save on international transfers with Wise?

What’s the SWIFT code for Bank of the Philippine Islands in the Philippines?

The BIC/SWIFT code for Bank of the Philippine Islands is BOPIPHMM.¹

Any time you make an international transfer to a bank account at the Bank of the Philippine Islands, or if you’re a customer there and you want to receive an international transfer into your Bank of the Philippine Islands account, you’ll need the correct SWIFT code, plus this information:

What’s a SWIFT Code?

A SWIFT code, also sometimes called a Bank Identifier Code (BIC), is an international bank code that can identify specific, individual banks and financial institutions all over the world. The SWIFT code contains everything you need to know to pinpoint an exact bank, which is obviously useful when sending information or money between banks in different countries. If you’re sending or receiving an international money transfer, you need the correct SWIFT/BIC for the recipient bank.

A SWIFT code is 8-11 characters, formatted like this: AAAABBCCDDD.²

AAAA: Bank code

BB: Country code

CC: Location code

DDD: Optional branch code

What’s the difference between a SWIFT code, a BIC, an IBAN and a routing number?

SWIFT codes are used internationally to identify specific banks. An IBAN (International Bank Account Number) is also used internationally, but is only used in the EU, Norway, Switzerland, Liechtenstein and Hungary, and identifies an individual bank account, not the bank as a whole. Routing numbers are similar to SWIFT/BIC codes in that they identify banks, but they’re only used in the US.

Do SWIFT codes change from branch to branch?

They can, so use this tool to look up the correct SWIFT codefor your Bank of the Philippine Islands branch. If you’re not sure which branch to look for, you can use the general code, because it will work for all of the Bank of the Philippine Islands.

What other ways can I send or receive money to my Bank of the Philippine Islands bank account?

If you need to send money internationally, look into Wise, a money transfer service that sends money quickly, safely and with no hidden fees or exchange rate markups. All it costs to make an international transfer is a small, fair transfer fee that’s clearly spelled out up front.

Wise also offers borderless multi-currency accounts, so you can send, receive and manage money in dozens of global currencies all from the same account. If you live in the EU, you can also get a consumer debit card with you borderless account, making it even easier to use money around the globe with Wise.

Sources:

¹http://swiftcodes.org/bank/bank-of-the-philippine-islands-2/

²https://www.bpiexpressonline.com/p/1/758/bpi-philippine-offices