What is IBAN of Philippine Banks?

by Gil on February 11, 2013

IBANDo you know what is IBAN or International Bank Account Number of Philippine banks like BDO, BPI, Metrobank, or RCBC? In this article, I hope you’ll find the answer.

As an OFW, you are regularly sending money to the Philippines to support your family in their financial needs. Most people send money through banks while others send their remittances via Western Union and other money transfer companies.

Remittance fees are not cheap, actually it is expensive specially if you send money via money transfer agency. It is the reason why I choose to send money through bank transfer, it costs less than Western Union.

However, you should have a bank account in the Philippines which will be the receiving account of the money that you will send. The only thing you need to do is visit a bank in your area where you are currently working and fill out a remittance form.

In that form, you must know the bank account number and name of the Philippine bank where you’ll send the money, its address and SWIFT code. For SWIFT codes of Philippine banks, click this link to learn more. How about IBAN?

IBAN of Philippine Banks

International Bank Account Number or IBAN is an identifier commonly used by European banks to lessen the risk of transmitting transcription errors when transferring money from one bank to another bank. Philippine banks have no IBAN because it is not a European bank, instead Philippine banks use SWIFT code. SWIFT means Society for Worldwide Interbank Financial Telecommunication.

About the Author:

GilGil Tenorio is a blogger, a husband, a father, and an active Christian. He likes playing guitar, C.S. Lewis, Plants and Zombies and NBA. Follow him at Facebook, Google+, YouTube and Twitter. Thanks!

{ 5 comments… read them below or add one }

Leonardo Jalandoni February 10, 2014 at 2:34 am

Dear Mr. Tenorio,

I like to ask assistance how to know the swift code of the account of my wife. She have an account ni landbank of the Phillippines.

Thank you and regards

Reply

luie April 26, 2014 at 2:15 pm

Hi ask ko lang po,nagsend kasi yung bf ko from germany through bank to bank online.. he just asking lang po for the name of the bank and the swift code, the name of the card holder, my adress and the adress also of the bank which is naibigay ko is same as my adress.. hindi po ba magiging sagabal yun? at saka hindi po nya hiningi yung account number ko? tingin nyo po papasok po kaya yun sa account ko kahit na ndi nya hiningi yung account number ng banko ko? salamat..

Reply

Jerry Anette Rutledge July 18, 2014 at 6:41 am

Hi MBTC team,

Good day, I would like to know my IBAN no. and my branch is at Fuente Osmena Cebu. Hope you can help me.

Many Thanks

J Rutledge

Reply

Xerxes f. Batralo August 18, 2014 at 2:09 pm

Sir, i would like to make an inquiry if you have data regarding the ff:

Inter correspondent name of banks in the philippines,
And inter correspondent bank swift #?
and the iban # is also required before my payment method for remittance be approved.

i was asked by the payment method of the needed data above, and i wasnt able to fill the infos.

To note the inter correspondent bank swift # is different from the bank swift code.

Reply

Gil August 21, 2014 at 1:23 pm

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