Details about the BDO Swift Code Senders of Money Abroad Must Know
BDO SWIFT CODE – You can check this guide for the Business Identifier Code (BIC) of the BDO Unibank for international money transfers.
In the Philippines, there are undeniably banks that are more popular than the others. One of these is the BDO Unibank which was first established in 1968 as Acme Savings Bank. It started as a thrift bank with two (2) branches only. It continuously grew through the years.
Now, BDO is one of the giants in the banking industry and it has several branches in the Philippines. Visibly, it is one of the banks with millions of clients not only in the country but as well as abroad. It has savings and deposit account offers, credit cards, loans, and many other financial services.
A lot of overseas Filipino workers (OFWs) seemingly send their money to a BDO account to the Philippines. Such move requires a BDO swift code, a unique code that ensures a smooth transfer of the money from abroad.
The swift code is also known as the business identifier code or BIC. Each bank has a unique swift code. There is a long list of the bank swift code. Often times, the swift code is the same with the headquarter and all the branches of the bank but it is not the case for all banks. Thus, it is important for a sender to be aware of the BIC of the bank where the money will be sent.
With regards to the BDO swift code, it is BNORPHMMXXX for its main branch located in Makati. Here is a breakdown of the said code following the template observed for bank business identifier codes (BICs):
- Bank Code (4 characters) — BNOR
- Country Code (2 characters) — PH
- Location Code (2 characters) — MM
- Branch Code (3 characters) — XXX