Guide on BDO Swift Code / BIC for Money Transfer Transactions
BDO SWIFT CODE – Here is a guide on the Business Identifier Code or BIC of BDO Unibank, one of the biggest banks in the Philippines.
In the Philippines, one of the biggest and most trusted entities in the field of banking industry is the BDO Unibank. It has various offers that ranges from savings and deposit accounts to credit cards, loans, and a lot more.
Seemingly, BDO Unibank has millions of clients in the country and as well as a lot of clients in other countries as well. Many overseas Filipino workers (OFWs) seemingly utilize their bank accounts in sending money to their loved ones in the country apart from the BDO loans and BDO credit cards offered.
With regards to these international money transfers, the BDO swift code is important. The recipient of the money must provide this code to the sender. It is also called the Business Identifier Code or BIC.
The swift code, also called the Business Identifier Code, BIC, or Swift-BIC, is a unique code that ensures a fast international money transfer. Wrong codes won’t get your money to the bank. The code is usually composed of 8 to 11 characters.
There is a format observed with regards to the swift code. Here’s the template:
- four-character bank code
- two-character country code
- two-character location code
- three-character branch identifier code (optional)
With regards to the BDO swift code, it is BNORPHMMXXX for the BDO Unibank’s main branch in Makati Avenue. Here’s the breakdown of the code:
- Bank Code (4 characters) — BNOR
- Country Code (2 characters) — PH
- Location Code (2 characters) — MM
- Branch Code (3 characters) — XXX
Most banks use the same swift code for all its branches but it is important to make sure of it before sending money to someone in the Philippines. The list of Bank Swift Code 2023 has the unique BICs of most banks in the country.