Foreign Banks in the Philippines

Updated March 20, 2019

There are 26 foreign banks in the Philippines as of March 2019.

24 branches operating as universal and commercial banks
(6 universal banks and 18 commercial banks)
 2 subsidiaries operating as commercial banks
—–
26 foreign banks

 

If you’re thinking of using your foreign bank’s facilities in the Philippines for ATM withdrawal, cheque deposit or other retail banking transactions, know that several foreign banks here do banking ONLY for Corporations, Government Agencies and other Institutions and DO NOT do consumer banking and DO NOT have ATMs here.

  • For ATM withdrawals, you can use your Mastercard/Cirrus/Maestro, Visa/Plus, American Express, or China Union Pay at other banks’ ATMs here for a withdrawal fee of 200 or 250 pesos. KFTC and NYCE cards can be used at Bancnet ATMs.
    Enter your desired amount in Philippine peso. What will come out of the ATM are Philippine peso bills.
  • For foreign cheque deposits, you must have a foreign-denominated account (your cheque’s denomination) here to be able to deposit a foreign cheque. Expect a clearing of around one month. There’s a deposit fee.
  • For US pensioners, you can open a Philippine-based Direct Deposit account here in the Philippines.
  • For UK pensioners, you can visit the nearest branch of Bank of Philippine Islands (BPI) and ask about opening a BPI account to receive your UK pension. This used to be a fast and easy process, but because of strict money laundering regulations in Europe, you now have to ask BPI first about their new policies regarding UK pension accounts.

 

Universal Banks which are Branches of Foreign Banks

  1. ANZ Banking Group Ltd.
  2. Deutsche Bank AG
  3. ING Bank NV
    (formerly called Internationale Nederlanden Groep Bank NV)
  4. Mizuho Bank Ltd. – Manila Branch
  5. Standard Chartered Bank
  6. Hongkong and Shanghai Banking Corp.

Contact info for above banks here:
Branches of Foreign Banks in the Philippines — Universal Banks

Commercial Banks which are Branches of Foreign Banks

  1. Bangkok Bank Public Co. Ltd.
  2. Bank of America NA
  3. Bank of China Ltd. – Manila Branch
  4. The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  5. Cathay United Bank Co., Ltd. – Manila Branch
  6. Chang Hwa Commercial Bank, Ltd. – Manila Branch
  7. CIMB Bank Philippines Inc.
  8. Citibank, N.A.
  9. First Commercial Bank, Ltd. – Manila Branch
  10. Hua Nan Commercial Bank, Ltd. – Manila Branch
  11. Industrial Bank of Korea – Manila Branch
  12. JP Morgan Chase Bank NA
  13. KEB Hana Bank – Manila Branch
    (formerly Korea Exchange Bank)
  14. Mega International Commercial Bank Co. Ltd.
  15. MUFG Bank, Ltd.
  16. Shinhan Bank – Manila Branch
  17. Sumitomo Mitsui Banking Corp. – Manila Branch
  18. United Overseas Bank Limited, Manila Branch

Contact info for above banks here:
Branches of Foreign Banks in the Philippines — Commercial Banks

Commercial Banks which are Subsidiaries of Foreign Banks

  1. CTBC Bank (Philippines) Corp.
    (formerly called Chinatrust (Phils.) Commercial Bank Corp.)
  2. Maybank Philippines, Inc.

*** CTBC and Maybank do consumer banking here.

Contact info for above banks here:
Subsidiaries of Foreign Banks in the Philippines — Commercial Banks

2 Other types of foreign banking companies in the Philippines:

Offshore Banking Units

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