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Asiatrust and PayPal Bank Codes
Tuesday, January 29, 2008

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I have been using PayPal for several years now since I have a credit card and savings account based in the US. But with my current setup, it's very difficult to withdraw money since I have to ask my relatives to send it to me via money remittance. That's why I was so happy to learn that I can now add Philippine banks with my Philippine PayPal account.

One of my savings account is with Asiatrust. I asked Lalaine to call them for me for the bank's 9-digit code. As usual, their hotline is clueless on PayPal. Instead of the bank code that PayPal needs, they gave Lalaine an 8-character code: MRMDUS33. Turns out that this is a SWIFT code of HSBC.

Since calling their hotline again would prove useless, I decided to send an email. At least it's electronic and someone on the receiving end might at least be knowledgeable about these things right? I clearly specified on my email that I needed a 9-digit bank code and even included a link to eBay's list of Philippine Bank Codes. After 15 mins, I received this reply:

Sir,

Paypal is a bills payment facility available in the internet, unfortunately Asiatrust is not yet enrolled and included among other banks which can facilitate bills payment in the internet.

Fyi.

Thank you.


Coco Beltran
customerhotline(AT)asiatrustbank(DOT)com
924-5778

I'm no bank expert but do our local banks really need to enroll with PayPal to use the "bills payment facility"? Why won't they just give me the bank code and let me try if PayPal would accept the bank account? Dammit. Our banks are sooo in the 1950s.

Anyway, here's some partial and official bank codes released by PayPal:

BANK NAME9 digit code
ALLIED BANKING CORP010320013
AUSTRALIA NEW ZEALAND010700015
ASIA UNITED BANK011020011
BANGKO SENTRAL NG PILIPINAS010030015
BANGKOK BANK010670019
BANK OF AMERICA010120019
BANK OF CHINA011140014
BANK OF TOKYO010460012
BANCO DE ORO (& EPCIB)010530667
BANK OF COMMERCE010440016
BANK OF THE PHIL ISLANDS010040018
CHINA BANKING CORP010100013
CHINA TRUST COMML BANK010690015
CITIBANK N.A.010070017
DEVT BANK OF THE PHILS010590018
DEUTSCHE BANK010650013
EAST WEST BANK010620014
EXPORT & INDUSTRY BANK010860010
FUJI BANK010640010
HONGKONG AND SHANGHAI BANK010060014
INTL COMML BANK OF CHINA010560019
INTL EXCHANGE BANK010680012
JP MORGAN CHASE BANK010720011
KOREA EXCHANGE BANK010710018
INTL NEDERLAND BANK010660016
LAND BANK OF THE PHILS010350025
MAYBANK OF THE PHILS010220016
METROPOLITAN BANK & TRUST CO010269996
PHIL BANK OF COMMUNICATION010110016
PHIL TRUST COMPANY010090039
PHIL NATIONAL BANK010080010
PRUDENTIAL BANK010150018
PHIL VETERANS BANK010330016
RIZAL COMML BANKING CORP010280014
SECURITY BANK & TRUST CO010140015
STANDARD CHARTERED BANK010050011
UNITED COCONUT PLANTERS BANK010299995
UNION BANK OF THE PHILS010419995
UNITED OVERSEAS BANK010270189


*Computer end log*


Posted by Jepoy @ 1/29/2008 10:19:00 PM
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THERE ARE 1 COMMENT(S) ON THIS POST:

Posted by Blogger Mike Abundo on Saturday, February 2, 2008 at 1:03:00 AM GMT+8:  
There are so many things wrong with Coco's answer, I don't know where to start.

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