11.15.2011

BPI Correspondent Banks in South Korea

By Nora
Here's a list of BPI correspondent banks in South Korea. 

If you're making a wire transfer from South Korea to the Philippines, it makes sense opening an account in a Philippine bank that has correspondent banks in Korea. This way, the wire transfer will involve only two banks -- the correspondent bank in Korea and your Philippine bank.  If your Philippine bank doesn't have a correspondent bank in Korea, the bank in Korea will involve a third bank -- the correspondent bank of your Philippine bank, and this will mean additional wire transfer charges.

How to Make a Wire Transfer to BPI:
1.  Visit your bank.
2.  Request for a wire transfer or telegraphic transfer.
3.  You will be given a wire transfer form.
4.  Fill up the form.
     Usual information you need to provide:
       . Your name, address, contact nos. and account details
       .  Amount to be transferred
       . Your recipient's BPI branch name, account name, and account number
       . Swift code for any BPI or BPI Family branch in the Philippines is BOPIPHMM
5.  Submit the form and present your cash.
6.  Bring your IDs, in case these are required

BPI Correspondent Banks in South Korea

Bank of America, National Association (BofA NA)
Busan Bank
Citibank Korea
DBS Bank LTD
Hana Bank
Industrial Bank of Korea
JPMorgan Chase Bank, National Association
Kookmin Bank
Korea Development Bank
Korea Exchange Bank
Mizuho Corporate Bank, Limited
Oversea-Chinese Banking Corporation Limited
Shinhan Bank
Standard Chartered First Bank Korea Limited
The Bank of New York Mellon
The Bank of Tokyo-Mitsubishi UFJ, LTD
The Hongkong and Shanghai Banking Corporation
Wachovia Bank, National Association
Woori Bank

Another Philippine bank that has correspondent banks in Korea is Metrobank.
Here's a list of Metrobank correspondent banks in South Korea.

BPI Remittance Partner in South Korea

BPI Correspondent Banks in South Korea

30 comments:

  1. Can I print a bank certificate from BPI to the bank link here like woori bank? Or other bank affiliated by BPI? Thank you very much.

    ReplyDelete
  2. here in Korea and I need to know if I can use BPI corresponding bank machines to set it up instead. Please response. Thank you and more power .

    ReplyDelete
  3. Hi zharahjane, do you mean to send money through atm machine in Korea? Sorry no, you cannot. You must go to the bank's branch.
    Are you asking if you can withdraw from an atm machine in Korea using a Philippine-issued atm card? Yes, if your atm card has a Mastercard or Visa logo, and the atm machine has a Mastercard or Visa logo.

    ReplyDelete
  4. Oh sorry there was some error in first one. What I mean is that I have a BPI account in the Philippines and it was registered Online and it was stated that for me to be able to transfer money to anyone I need to set up the ATM card. I am staying now here in Korea and I need to know if I can use BPI corresponding bank machines to set it up instead, or is there any BPI bank branch in here? Please response. Thank you and more power .

    ReplyDelete
  5. Hi zharahjane sorry there's no BPI branch or BPI atm in Korea. You can email expressonline@bpi.com.ph and ask how you can activate your online banking enrollment while you're in Korea.
    If your online banking was already activated before here in the Philippines, and you're already using your online account, you can use your smartphone to download the BPI app from App Store or GooglePlay, login using your online username and password, and then go to Select "Enable Transfer to Anyone" then "Activate via Signed Form." You will send the signed form to the BPI address given. Always remember to log out, and not let others use your phone.

    ReplyDelete
  6. How can you transfer money from citibank korea to a BPI account in the philippines?

    ReplyDelete
    Replies
    1. Hi Maria Raquel, if you have an account with Citibank Korea, you can request for a wire transfer to BPI Philippines. You will be given a form to fill up. You need to know your recipient's BPI branch name, account name and account no. Usually, you need to know also your recipient's phone no. The Swift code for any branch of BPI Philippines is BOPIPHMM
      If you don't have a Citibank account, ask Citibank if they offer wire transfers for non-Citibank account owners.

      Delete
    2. Hi,
      will it be expensive to send money from citibank to bpi?
      How much does it cost?Any idea?

      Thank you very much.

      Delete
  7. Hi i want to open bank account in bpi in Philippines but i'm here in korea
    Is it possible and how?

    ReplyDelete
    Replies
    1. Hi. There's no BPI office in Korea. It's Metrobank that has branches there. You can ask Metrobank if they can help you open a Philippine-based Metrobank account: Metrobank branches in South Korea

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    2. Kookmin Bank and Hana Bank are remittance partners of BDO. You can ask them if they can help you open a Kabayan account with BDO.

      Delete
  8. Hi Ms Nora. Thank you for writing these helpful infos. I just have one question though. Ho about sending money via internet banking. The sender has Kookmin Bank account and simply wanted to send money through internet banking. Will it be possible? Thank you and God bless

    ReplyDelete
  9. Hi can I use my bpi card in Korea for withdrawing?

    ReplyDelete
    Replies
    1. About withdrawing in Korea using a BPI card: Does you atm card has a Cirrus logo at the back? If yes, find an atm machine that has a Cirrus logo or Mastercard logo. Try making a balance inquiry first to check the BPI-Cirrus connection. Cirrus will use its own Philippine peso-Korean won conversion rate.

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    2. Charge for balance inquiry is 1 US dollar. Charge for withdrawal is 3.50 US dollars.

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    3. Thank you ๐Ÿ˜Š

      Delete
  10. Hello maam! Do you know how many days process of this? My fiance will send me money thru bank. Is there a require account to use? I mean, is it ok to use an account savings ATM is Bpi? Or should I open a passbook account? Which is very expensive to open. I have an savings account in ATM. Can he still send me money in bpi? Even I only have savinga account ATM. Thanksss ;)

    ReplyDelete
    Replies
    1. Hi Sushi, yes, your fiance can send money from abroad to your BPI atm savings account. You don't need to open a passbook account. Just send him your account no. If he uses a wire transfer, the swift code of BPI is BOPIPHMM. Send him also your account name, account number, bank name, and bank branch.

      Delete
  11. Good afternoon, my friend wants to send me money from Korea, I am using ATM savings international. Is it possible and how much is the sending charges?

    ReplyDelete
  12. Hello! My friend wants to send me money through my BPI ATM savings account. Is BPI money transfer charges expensive? thank you.

    ReplyDelete
  13. hello ms nora,im in the philippines now,is there any way i can withdraw money using my woori bank account or atm here in the philippines

    ReplyDelete
    Replies
    1. Can I use my Woori bank atm here in the Philippines?: Does your atm card have a Mastercard or Visa logo? Yes, you can withdraw at an atm that displays Mastercard or Visa logo. Or any other logo in your atm card that is displayed in an atm in the Philippines. There's a withdrawal charge: 200 pesos or more. Remember also that you're withdrawing pesos from the atm and not korean won.

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    2. You can use your Woori bank atm cards at Bancnet atm machines in the Phils to withdraw money from your bank account in South Korea. Charge could be 200 pesos or more per atm withdrawal

      Delete
  14. hello ms nora,im in the philippines now,is there any way i can withdraw money using my woori bank account or atm here in the philippines

    ReplyDelete
    Replies
    1. Woori Bank atm card: You can use your Woori atm card at any Bancnet atm in the Philippines. Remember that what will come out of the atms here in the Philippines are peso bills. Atm withdrawal charge might be 200 pesos or more.

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  15. Hello Ms. Nora. I had been using Nori Visa card which was left to me by a Korean together with the password. This is for the purpose of withdrawing payment for our online classes. I also use this card for other students besides her. Is there anyway I can check the history of payment so as to know if other students are paying the exact amount or there has been delay in payment. Thank you so much. Mabuhay po.

    ReplyDelete
    Replies
    1. Hi Red Bic: Sorry but you can only check the history of that card if you're the owner and if you've enrolled it in online banking.
      When you use that card at the atm machine, try to see if there's an option like "Other Transactions" or "Special Services" or "Other Services" and see if there's Check Previous Transactions.
      Some banks offer history through the atm, but only for up to the previous 3 transactions. And I'm not sure if this service is offered even in other banks' atm, specially that your card's account is also based in Korea. Best wishes din sa online classes mo.

      Delete
  16. Hi, Ms. Nora! First of all, thank you for this helpful post. I would just like to ask if I can make a wire transfer from BPI to Woori Bank, and how does the process go? Thank you so much. :-)

    ReplyDelete
    Replies
    1. Hi Nikchan: thanks a lot for appreciating my efforts. Means a lot to me. Encourages me.
      About wire transfer, yes, you can make a wire transfer from BPI to Woori Bank, but you need to have a BPI peso or foreign-currency account. BPI will source the money that you will send to Woori Bank from your BPI account.
      To transfer, just ask for a wire transfer form and fill it up. The Swift code of Woori Bank in Seoul, South Korea is HVBKKRSE. Know your recipient's account name and no. and branch.
      According to BPI's website, the minimum charge is 600. Will increase depending on amount and purpose (cheaper if personal purpose, not business).

      Delete

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