Details about the Swift Code BPI Money Senders Must Be Aware Of
SWIFT CODE BPI – Here is a guide on the Business Identifier Code (BIC) of the Bank of the Philippines Islands.
Undeniably, like in other countries, there are banks in the Philippines that have created a big name in the field of banking industry. One of these is the Bank of the Philippine Islands or often called by the people as BPI. It is one of the most trusted and popular banks in the field.
The Bank of the Philippine Islands offers services to the people since August 1851. It was first named the “El Banco Español Filipino de Isabel II” or the Spanish-Filipino Bank of Isabel II. Its then name was taken after Queen of Spain, Isabella II, the daughter of King Ferdinand VII.
Now, BPI has branches in almost all cities in the Philippines. It also has branch offices abroad that makes it easier for many overseas Filipino workers (OFWs) to do banking transactions.
The offers of the Bank of the Philippine Islands ranges from savings and checking accounts to credit cards to loans, including the BPI Cash Loan, and several other financial services.
When it comes to international money transfers or sending money from a foreign country to BPI Philippines, the sender must be aware of the swift code BPI uses. The swift code, also known as the Business Identifier Code or BIC, is a unique code that ensures the fast and secured remitting of the money from an international money transfer to a bank account.
The bank swift code is composed of eight to elevel characters made up of the four-character bank code, two-character country code, two-character location code, and the optional three-character branch identifier. The swift code BPI uses is BOPIPHMMTRY for its Manila branch with the following breakdown:
- Bank Code (4 characters) — BOPI
- Country Code (2 characters) — PH
- Location Code (2 characters) — MM
- Branch Code (3 characters) — TRY
The swift code of the bank’s Makati branch is BOPIPHMM. Often, banks use the same BIC for all its branches but it is important to double check the information. There is a long list of the bank swift code as each bank has a unique set of codes.
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