What is an SWIFT/BIC Code?

SWIFT codes means Society of Worldwide Interbank Financial Telecommunication Code. The Swift/BIC code is used to identify a particular branch of a bank or financial institution & it'll help you to transfer money internationaly and executor for cross-border payments.

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Philippines Information

About Philippines

Philippines is part of the continent of Asia. The Capital of Philippines is: Manila. Capital timezone is: Asia/Manila. Currency is: Peso.
Language Codes of Philippines : tl,en-PH,fil
Languages speak in Philippines : Filipino (official; based on Tagalog) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
ISO Alpha-2 Code of Philippines is : PH
ISO Alpha-3 Code of Philippines is : PHL
ISO 3166-1 numeric (or numeric-3) Code of Philippines is : 608
ISD Code of Philippines is : +63
FIPS (Federal Information Processing System) Code is : RP
E.164 (The international telephone numbering plan) : 63
The top label domain of the Philippines is : .ph
Internet host in Philippines is : 425812
Internet users in Philippines is : 8278000
Mobile phones in Philippines is : 103000000
Landline phone in Philippines is : 3939000
Area of Philippines is : 300000 KM2
GEO Name ID Philippines is : 1694008
GDP of Philippines is : $272200000000

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SWIFT / BIC Code


What is SWIFT/BIC Code?

SWIFT codes are abbreviations for the Society of Worldwide Interbank Financial Telecommunication Code. A SWIFT code is a code that is used to identify the country, bank, and branch of an account. A SWIFT code is also known as a BIC (Bank Identifier Code), but they are the same thing.


Formation of SWIFT Code

The Swift Code is either eight or eleven digits long and a combination of letters and numbers.

  • The first four characters of the swift code are the bank code.
  • The next two digits are the country code.
  • The next two digits are the location code, and
  • The last three digits are optional and aid in identifying the specific bank branch.

Applications of SWIFT Code/BIC Code

The following are some examples of SWIFT or BIC code applications:

  • The Swift/BIC code is used to identify a specific branch of a bank or financial institution.
  • It aids in international money transfers and acts as an executor for cross-border payments.

Example: Breakdown of SWIFT/BIC Code

A

B

C

D

1

2

3

4

5

6

7

Bank Code

Country ISO Code

Location Code

Branch Code
(Optional)

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