Security Bank’s SWIFT code, its bank code for PayPal and Upwork, and what a sender abroad needs.
Short answer Security Bank Corporation’s SWIFT/BIC code is
SETCPHMM, printed in Security Bank’s own instructions for receiving a telegraphic transfer. A sender abroad also needs your full account name and your 13-digit account number. PayPal and Upwork ask for a different number, the nine-digit BRSTN010140015.
At a glance
- SWIFT/BIC
SETCPHMMSecurity Bank ↗ ·- CHIPS UID
010457Security Bank ↗ ·- BRSTN (bank code for PayPal and Upwork)
010140015PayPal ↗ ·- Account number format13 digitsSecurity Bank ↗ ·
- IBANnone; Security Bank tells senders to use
SETCPHMMinsteadSecurity Bank ↗ ·- Fee to receive a foreign telegraphic transferUS$5.50 commissionSecurity Bank ↗ ·
What the sender needs
Security Bank says a savings account can receive remittances “from any place around the world through correspondent banks using SWIFT, cable, or telefax facilities”, and lists the details a remitting bank needs for a telegraphic transfer: the country, the bank’s full name, the beneficiary’s full account name and account number, the SWIFT code and the CHIPS UID (Security Bank ↗ · ).
Give this to the sender
- Country
PHILIPPINES- Bank name
SECURITY BANK CORPORATION- SWIFT/BIC
SETCPHMM- CHIPS UID
010457- Account nameYour full account name, spelled as Security Bank holds it
- Account numberYour 13-digit Security Bank account number
The same page asks that “the complete name and account number of the beneficiary are provided correctly to avoid any delay in the remittance”, and tells customers to check with the bank abroad that it can send using Security Bank’s SWIFT code. The sending bank sets its own charges; Security Bank asks customers to “coordinate with the remitting bank regarding possible fees that they may also charge for the transaction”.
What Security Bank charges to receive
Security Bank charges a commission on every inward foreign telegraphic transfer. On a peso account the commission is converted at the bank’s selling rate, and documentary stamp tax is added.
| Money arrives as | Credited to | Charge | Amount |
|---|---|---|---|
| Foreign telegraphic transfer | US dollar savings or checking account | Commission | US$5.50 |
| Foreign telegraphic transfer | JPY, EUR, AUD, GBP, HKD, SGD or CAD account | Commission | Equivalent of US$5.50 |
| Foreign telegraphic transfer | Peso savings or checking account | Commission | US$5.50 at Security Bank’s selling rate |
| Foreign telegraphic transfer | Peso savings or checking account | Documentary stamp tax | ₱0.60 per ₱200 or fraction |
| PESONet transfer from another Philippine bank | Peso savings or checking account | Service charge | ₱0 |
Security Bank marks this schedule “Updated as of April 2026”. Sending from Security Bank to other Philippine banks and e-wallets is a separate matter: the BSP’s summary of digital transfer fees lists Security Bank’s InstaPay and PESONet transfers as free, effective July 10, 2026 (BSP ↗ · ), while Security Bank’s own fee page still shows ₱10 per InstaPay transfer from January 11, 2026 and ₱50 per PESONet transfer (Security Bank ↗ · ). Check the confirmation screen in the app before you send. Fees at every bank are on InstaPay and PESONet transfer fees, with cut-offs on PESONet and the ₱50,000 cap on InstaPay.
Routing number, IBAN and the BRSTN
Three codes get mixed up. SETCPHMM is the SWIFT/BIC a foreign bank uses to route a wire to Security Bank. The CHIPS UID 010457 is the second identifier Security Bank lists for the same telegraphic transfer. The BRSTN is a domestic code: Upwork calls it “the Bank Routing Symbol Transit Number” and tells freelancers to “enter your bank’s head office BRSTN code”, and both Upwork’s table and PayPal’s Philippine list print 010140015 for Security Bank Corporation (Upwork ↗ · PayPal ↗ · ).
There is no IBAN to give. Security Bank’s answer is direct: “Security Bank has no IBAN number. Please use the SWIFT CODE SETCPHMM.” (Security Bank ↗ · ). A form that asks for a routing number for a PayPal or Upwork withdrawal wants the BRSTN.
Receiving from PayPal and Upwork
Neither platform sends a SWIFT wire to a peso account. Both credit it locally and both ask for the BRSTN.
| Item | PayPal withdrawal to a bank | Upwork Direct to Local Bank |
|---|---|---|
| Code to enter | BRSTN 010140015 | Head office BRSTN 010140015 |
| Fee | ₱50 when the withdrawal is below ₱7,000; no fee above ₱7,000 when no currency conversion is involved | US$0.99 per withdrawal, plus incoming fees at some banks |
| Timing | Standard transfer typically 1 business day, up to 3 to 5 business days; holidays are not business days | Within four business days; a withdrawal after 12:00 noon UTC is processed the next business day |
| If the details are wrong | Funds return to the PayPal balance and a return fee may apply | Bank codes and account numbers cannot be edited; a new withdrawal method has to be added |
PayPal also says a withdrawal “cannot be canceled” once requested and that your bank may charge a fee to receive funds from PayPal (PayPal ↗ · ).
How long it takes
- PayPal standard withdrawaltypically 1 business day, up to 3 to 5 business daysholidays are not business days (PayPal ↗ · )
- Upwork Direct to Local Bankwithin four business daysthe same-day cut-off is 12:00 noon UTC, and Upwork can trace a payment after eight business days (Upwork ↗ · )
Warning Take the code from Security Bank’s own help page, not from a chat message or a code-lookup site, and never give a “remittance agent” your online banking password or a one-time PIN. Security Bank’s customer service hotline is +632 8887-9188, or 1-800-1-888-1250 toll-free from a PLDT landline (Security Bank ↗ · ).