What is BDO swift code and how to use it?

The BDO swift code appears as a standard for identifying banks and financial institutions. The first four letters of the bank’s identifier make up the swift code, which is used to identify your bank in transactions such as incoming international ACH payments and wire transfers. If you are curious about this code, let’s scroll down for further explanation!

What Is BDO Swift Code?

First of all, the name BDO stands for BANCO DE ORO UNIBANK, INC; and its Code Swift Code is defined as BNORPHMM.

BDO UNIBANK, INC. Bank in MANILA Philippines has a Primary Office code “BDORHMMP.” This means that it can have an optional branch code as well!

The Swift Code.

The bank code (BIC) is a 15 character string that uniquely identifies banks worldwide. It consists of characters from both alphabetical spreadsheets and numerical codes separated by periods (full form: SWIFT-BIC).

You can interpret this as:

Whatever bank you have your account with, this code can be used to wire transfer funds. Specifically, it’s the SWIFT system of their head office or branch manager which will make sure that money is sent directly from one place into another without any hassle on either side!

What Is BDO branch SWIFT CODE?

Regarding branch Swift code, they also include the branch code, which is an additional three characters, and it identifies which branch you’re looking at! Oftentimes, it shows us the bank branch, and this kind of code is now mostly acceptable.

The list below contains all of the SWIFT Codes for affiliate companies or subsidiaries:

What Are The Advantages Of Using BDO Swift Code?

The BDO swift code has many advantages in payment transactions or money transfers, such as:

1. SWIFT codes are an important part of international banking. They allow you to send funds quickly and securely, as SWIFTFunds allow for all types of transactions between banks in different countries globally!
2. In order to send cash remittances or wire transfers abroad into accounts from Filipino banks such BDO Bank (BDO), BPI Corporate Payments Inc., Landbank Corporation Ltd – DLBCORP LANDBANK INC. You’ll surely need this code whenever dealing directly with any other Philippine institutions.
3. One of the most common ways for people to transfer money abroad is with a SWIFT code.

What Are The Functions Of The Swift Code Of BDO banks?

The BDO swift code is a required identification number for international transactions. It can be used in many cases, such as:

To securely make payments with the bank on international e-commerce sites like Amazon, eBay, or Snapdeal.

Or to receive and transfer money from the Philippines to International, and vice versa.

Wire transfer payment.

When someone sends money from abroad through BDO, the remittance receipt will require specific information such as:

• Recipient’s name.
• Account number at BDO / ID number.
• Beneficiary Bank Name
• Address
• Bank code BDO (SWIFT code)

What Happens/What to Do if I Enter the Wrong SWIFT Code?

Make sure you’re using the right bank code! If not, your remittance might be delayed or even lost. Worse, there is a chance that they won’t deliver it at all and then charge hefty fees for providing incorrect SWIFT Codes (or typo mistakes). Therefore, it is highly recommended that you avoid costly mistakes by double-checking and providing the correct BIC or Swift code before sending money.

Example of the swift code.

How To Send Money To BDO Philippines?

Bank transfer in BDO can be done online from 50 countries worldwide with the best exchange rates. Here’s how to complete your transfer securely and quickly for the money to be credited instantly:

• Go to Worldremit and choose the Philippines on the list.
• For your preferred service, choose ‘Bank transfer’
• For the payout network, select ‘BDO PHP accounts’

• Type in the transfer amount
• Enter the recipient’s information that requires:

1. Full name
2. Address
3. Account details
4. Mobile number
5. Transfer reason

Frequently Asked Questions about BDO swift code

How Can I Find BDO SWIFT CODE?

You can find the BDO SWIFT on their website, via online search, or in the bank statement. When making a transfer, ensure that you correctly copy the characters and check that it has 8 or 11 characters. The first four are what stand for your bank to which money will be transferred in this process!

Do You Need BDO SWIFT Code For International Transfer?

As a general rule, you will need to provide your BDO Swift code when sending money internationally.

A SWIFT code is used in the verification process of international transactions and can identify one specific bank account per sender/recipient pairing according to their preferences on where they want that funds to go.

You may have seen a nine- or eleven-digit number on your bank account statements. These are not just random numbers, but they serve an important purpose too – to tell you where the money was made in the branch!

Final Thoughts

The BDO Swift Code is a code that identifies banks and financial institutions worldwide. It’s similar to an account number, but it helps you send money quickly and securely anywhere in the world.  Once your bank has assigned this code to their institution, they will provide you with instructions on how to make international transactions using SWIFT codes.

All of these advantages are great for business owners who need to transfer funds abroad often, making transfers more convenient than ever before!

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See also: BDO hotline – A satisfying customer service