PSBank SWIFT code: PHSBPHMMXXX and PayPal bank code

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PCHC lists PHSBPHMMXXX as Philippine Savings Bank’s BIC, while PayPal lists 010470992 as its Philippine bank code.

Short answer Use PHSBPHMMXXX when a form asks for PSBank’s BIC or SWIFT code, and 010470992 when PayPal asks for the Philippine bank code. They identify the bank, not the recipient. For an overseas wire, PSBank’s own remittance page lists specific correspondent-bank routes, each with its own SWIFT code and PSBank account number.

Checked: PCHC’s participant list, PayPal’s Philippine bank-code PDF and PSBank’s remittance page on October 23, 2026.

PSBank BIC and PayPal bank code

PCHC prints PSBank’s row as Philippine Savings Bank, with the BIC PHSBPHMMXXX. Its domestic routing number is formatted 01047-099-2 in the PCHC table. PayPal prints the same nine digits without hyphens: 010470992.

The codes are not interchangeable. The BIC belongs in a field labelled BIC or SWIFT. The nine-digit BRSTN belongs in PayPal’s Philippine bank-code field.

Give this to the sender

Give this to the sender

• Bank namePhilippine Savings Bank (PSBank)
• BIC/SWIFTPHSBPHMMXXX
• Beneficiary namethe recipient’s name exactly as registered
• Beneficiary account numberthe recipient’s own PSBank account number
• PSBank branchthe recipient’s branch, if the form asks for it
• Currency and payment purposethe accurate details requested by the sending bank

PSBank’s remittance page says the sender should provide the beneficiary name, beneficiary bank and branch, and beneficiary account number. It also publishes correspondent-bank instructions for several overseas routes.

A correspondent route uses the correspondent’s SWIFT code and PSBank’s account with that correspondent. It is different from entering PSBank’s own BIC. Follow the route PSBank or the sending bank gives for the currency and country involved.

PSBank’s published correspondent routes

PSBank lists five correspondent routes on its remittance page. These are routing instructions for credits that pass through another bank before reaching the beneficiary’s PSBank account.

Do not choose a correspondent only because its SWIFT code looks familiar. The sending bank may support only one route for a currency, and PSBank’s instructions can change. Recheck PSBank’s current page before a transfer is released.

BIC, BRSTN and correspondent SWIFT are different

• PHSBPHMMXXX is the BIC PCHC lists for Philippine Savings Bank.
• 010470992 is the nine-digit PSBank code in PayPal’s Philippine list.
• A correspondent SWIFT code identifies JPMorgan Chase, Wells Fargo, Bank of New York or Metrobank in one of PSBank’s published routes.
• The PSBank account with the correspondent routes the money from that correspondent to PSBank.
• The beneficiary account number routes the credit inside PSBank to the recipient.

A form may ask for several of these fields. Read each label separately. Pasting the beneficiary’s account number into a bank-code field, or a correspondent code into a PayPal bank-code field, can delay or reject the transfer.

The Philippine bank-code table compares SWIFT/BIC and BRSTN identifiers across banks. The PESONet participant list shows the PCHC BIC and domestic routing number for every active participant.

Inward-remittance charges on PSBank’s page

PSBank’s remittance page publishes these charges:

The documentary stamp tax note on PSBank’s page says the ₱0.60-for-every-₱200 rate took effect on January 1, 2018. A sender may also pay a separate fee to the sending or correspondent bank. The recipient should compare the final transfer quote with PSBank’s current schedule rather than assuming one fee covers the whole route.

Outward wire charge

For an outward foreign telegraphic transfer, PSBank’s page shows a US$15 commission, with no separate cable or processing fee. It also shows US$15 for an outward local remittance through PDDTS.

Those charges describe transfers sent from PSBank. They are not the same as the inward charges in the table above.

Source: PSBank, Remittance ↗ · checked 2026-10-23.

Before the sender releases the money

1. Confirm the beneficiary name and account number from the recipient’s current PSBank records.
2. Confirm the destination currency and whether the beneficiary account can receive it.
3. Use PHSBPHMMXXX only where the form asks for PSBank’s BIC or SWIFT.
4. Use 010470992 only where PayPal or another provider explicitly asks for the Philippine bank code.
5. If the payment uses a correspondent, copy the correspondent SWIFT and PSBank account from PSBank’s current route.
6. Include “for further credit to” details exactly as PSBank asks.
7. Check the sender’s fee, exchange rate and delivery estimate before release.
8. Keep the transaction reference until the credit appears.

Never give a sender or “release agent” an OTP, PIN, password or card security code. Those secrets are not routing details.