BPI SWIFT/BIC Codes
The SWIFT/BIC code for BPI is BOPIPHMMXXX. If you're sending money to the Philippines from overseas, you will need to provide this number, plus your recipient's full name and bank account number.
BPI uses different SWIFT codes for different banking services. We recommend double-checking to ensure your transfer is going to the right place.
In short, here are our key takeaways when sending or receiving money with BPI:
❌ Don't send money to BPI in the Philippines with your bank
✅ Compare cheaper, faster, and savvier alternatives instead
To see why we recommend most people avoid the bank for international money transfers, select the link below that applies to your situation:
Sending Money to the Philippines
If you're sending money internationally to a BPI bank account in the Philippines through your local bank, the transaction will likely be much pricier than it ought to be. —
This is because fixed international bank transfer fees, bad exchange rates, and correspondent banking fees can stack up very quickly. At Monito, we analyzed the cost of sending money with around 50 major banks in eight countries around the world, and we can confidently say that we don't recommend using your bank to send money to the Philippines.
Additionally, bank transfers via the SWIFT network tend to take quite long (between one and five business days on average), meaning they're not a good option if you want to make a speedy transfer.
Fortunately for you, much smarter alternatives exist. Using a digital money transfer provider, not only could you up to 95% in fees compared to the bank, but you'll also be able to send money more quickly to your beneficiary's account at BPI. Compare now on Monito's real-time comparison engine to find the cheapest way to send to any BPI account in the Philippines:
Compare better ways to send money to BPI in the Philippines:
Receiving Money From Abroad
Are you expecting a transfer from abroad and is the sender asking you to provide a BPI SWIFT/BIC code? Then you're likely going to receive less than you should because of the high international bank transfer fees and bad exchange rates that are usually applied by the senders' bank.
For example, a typical foreign bank will charge between 5% and 10% in total fees for sending a ₱100,000 equivalent to the Philippines. With costs like this, you'd easily receive ₱5,000 to ₱10,000 less per ₱100,000 sent than you would've had you transferred at the real, mid-market exchange rate.
Luckily, a much better alternative exists to save money when receiving money in the Philippines from abroad. It's called the Wise Account and it's available for both individuals and businesses. Using a Wise Account (available in the Philippines), you'll get local bank account details for 10 different currencies. What's more, you'll be able to send, hold, spend, and receive US dollars, Philippine pesos, and other foreign currency at the mid-market exchange rate with low, transparent fees. This means you'll be able to use Wise to receive money like a local in the Philippines (and other currencies), making it an excellent online account for this purpose.
BPI SWIFT/BIC Codes
To learn more about BPI SWIFT/BIC codes, take a look at the table below, which breaks things down further for your convenience:
Bank of the Philippine Islands (BPI)
Ayala Avenue Corner, Paseo de Roxas, Makati City
Bank Code (4 characters)
Country Code (2 characters)
Location Code (2 characters)
Branch Code (3 characters)
Frequently Asked Questions about SWIFT / BIC Codes
What is a SWIFT code?
A SWIFT code is an alphanumeric code to identify specific banks around the world. It is a type of Bank Identification Code (BIC), and the two terms are often used interchangeably. The SWIFT code, or a variation on it, is an important part of international money transfers. SWIFT codes are often used for international wire transfers and currency exchanges. Learn more about SWIFT codes in our glossary.
Where do I find my bank's SWIFT code?
Normally, the fastest and easiest way to find your bank's SWIFT code is to Google it. Banks themselves often don't make this information all too accessible, but the information is almost always readily available through a quick search online.
Do all bank branches have the same SWIFT/BIC code?
Typically, most banks have the same SWIFT/BIC code across all branches. However, this isn't always the case, and some banks have different SWIFT/BIC codes by individual branch. It's for this reason that it's always a good idea to double-check your SWIFT/BIC code in advance of a money transfer.
What does XXX stand for in a SWIFT/BIC code?
The last three digits of a SWIFT/BIC code represent a specific bank branch. However, when these digits are XXX, this represents that the branch in question is the bank's head office. The last three digits are optional. If omitted, it is assumed to refer to the head office of the bank.
Do BPI SWIFT/BIC codes differ by branch?
Yes, BPI SWIFT/BIC codes differ by branch (and also service type). We therefore recommend double-checking to make sure your transfer is going to the right place.
Sending loads to the Philippines instead?
Monito's Guides To Understand SWIFT Codes & Money Transfers
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Why Trust Monito?
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.
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