Payout guide

PHP

♦ SWIFT (Wire Transfer)

Delivery Time: One Day Value

Beneficiary Information

  • Full Beneficiary Name

  • Beneficiary Country

  • Beneficiary Address:  (Zip Code, Street, City, Province or State).

Beneficiary Bank Details

  • Beneficiary Account Number

  • Beneficiary Bank BIC/SWIFT: 8 or 11 characters.

  • Beneficiary Bank Country: Philippines

  • Purpose of Payment

Possible Purpose: Advertising Fees, Expense Reimbursement, Financial Services, Legal Services, Medical Reimbursement, Payroll, Processing, Trade Related Services, Transaction between Banks, Transportation Costs, Travel Related Services, Personal, Other.

  • Reference: Monix allows you to submit maximum 50 characters for reference, but the length shown is depend on the beneficiary bank.


♦  ADDITIONAL CONSIDERATIONS:

Method of payment (Electronic or Check) may vary depending on local requirements and validity of beneficiary information, with some banks may enforce 1-2 day hold on credits to beneficiary.

Payments to Bank of the Philippine Island (BOPIPHMM) should now use the following SWIFT Code: BOPIPHMMTRY. The correct SWIFT Code for Philippine National Bank is PNBMPHMMTOD.


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