The SWIFT Code /BIC AIACPHMMXXX is issued by THE PHILIPPINE AMERICAN LIFE AND GENERAL INSURANCECOMPANY. The bank branch for the SWIFT Code is THE PHILIPPINE AMERICAN LIFE AND GENERAL INSURANCECOMPANY, TAGUIG.
Here are the BANK details for this SWIFT CODE
BANK: | THE PHILIPPINE AMERICAN LIFE AND GENERAL INSURANCECOMPANY |
Bank Code: | AIAC |
City and Address: | TAGUIG () |
Validity Check | This SWIFT CODE is Valid |
COUNTRY: | PH , Philippines |
Bank Branch: | THE PHILIPPINE AMERICAN LIFE AND GENERAL INSURANCECOMPANY, TAGUIG |
BIC /SWIFT Code: | AIACPHMM |
Now let's take a look at the SWIFT code components breakdown
Bank Name |
THE PHILIPPINE AMERICAN LIFE AND GENERAL INSURANCECOMPANY, TAGUIG |
SWIFT Code (BIC) |
AIACPHMM |
Bank Code |
AIAC |
Country Code |
PH |
Location Code |
MM |
Branch Code |
XXX |
About Philippines
The Philippines, officially the Republic of the Philippines, is an archipelagic country in Southeast Asia. In the western Pacific Ocean, it consists of 7,641 islands, with a total area of 300,000 square kilometers, which are broadly categorized in three main geographical divisions from north to south: Luzon, Visayas, and Mindanao. The Philippines is bounded by the South China Sea to the west, the Philippine Sea to the east, and the Celebes Sea to the south. It shares maritime borders with Taiwan to the north, Japan to the northeast, Palau to the east and southeast, Indonesia to the south, Malaysia to the southwest, Vietnam to the west, and China to the northwest. It is the world's twelfth-most-populous country, with diverse ethnicities and cultures. Manila is the country's capital, and its most populated city is Quezon City. Both are within Metro Manila.
Negritos, the archipelago's earliest inhabitants, were followed by waves of Austronesian peoples. The adoption of Animism, Hinduism with Buddhist influence, and Islam established island-kingdoms ruled by datus, rajas, and sultans. Overseas trade with neighbors such as the late Tang or Song empire brought Sinitic-speaking Sangley / "Langlang" merchants to the archipelago, which would gradually settle in and intermix. The arrival of Ferdinand Magellan, a Portuguese explorer leading a fleet for Castile, marked the beginning of Spanish colonization. In 1543, Spanish explorer Ruy López de Villalobos named the archipelago Las Islas Filipinas in honor of King Philip II of Castile. Spanish colonization via New Spain, beginning in 1565, led to the Philippines becoming ruled by the Crown of Castile, as part of the Spanish Empire, for more than 300 years. Catholic Christianity became the dominant religion, and Manila became the western hub of trans-Pacific trade. Hispanic immigrants from Latin America and Iberia would also selectively colonize. The Philippine Revolution began in 1896, and became entwined with the 1898 Spanish–American War. Spain ceded the territory to the United States, and Filipino revolutionaries declared the First Philippine Republic. The ensuing Philippine–American War ended with the United States controlling the territory until the Japanese invasion of the islands during World War II. After the United States retook the Philippines from the Japanese, the Philippines became independent in 1946. The country has had a tumultuous experience with democracy, which included the overthrow of a decades-long dictatorship in a nonviolent revolution.
The Philippines is an emerging market and a newly industrialized country, whose economy is transitioning from being agricultural to service- and manufacturing-centered. It is a founding member of the United Nations, the World Trade Organization, ASEAN, the Asia-Pacific Economic Cooperation forum, and the East Asia Summit; it is a member of the Non-Aligned Movement and a major non-NATO ally of the United States. Its location as an island country on the Pacific Ring of Fire and close to the equator makes it prone to earthquakes and typhoons. The Philippines has a variety of natural resources and a globally-significant level of biodiversity.
Check for SWIFT / BIC
What is a SWIFT CODE CHECKER?
A SWIFT code checker is an online tool or service that allows you to verify the accuracy of a SWIFT code. SWIFT codes, also known as BIC (Bank Identifier Code) or SWIFT-BIC codes, are unique identification codes used by banks and financial institutions worldwide for international money transfers. These codes consist of letters and numbers and help ensure that funds are sent to the correct destination.
A SWIFT code checker typically functions by allowing you to enter a SWIFT code, and it then provides information about the bank or financial institution associated with that code. This information may include the bank's name, location, and sometimes additional details like branch information.
Using a SWIFT code checker can help you confirm that you have the correct SWIFT code when sending or receiving international payments, reducing the risk of errors and ensuring that your money reaches its intended recipient. It's a useful tool for individuals and businesses engaged in international financial transactions.
What is SWIFT CODE or BIC ?
A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique identification code used by banks and financial institutions worldwide. It serves as a standardized way to identify a particular bank or financial institution during international financial transactions, particularly for wire transfers and electronic communication between banks.
SWIFT codes consist of a combination of letters and numbers, typically 8 to 11 characters long. Each part of the code has a specific meaning:
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Bank Code: The first four letters represent the bank or financial institution's name or acronym. This part of the code identifies the institution itself.
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Country Code: The next two letters represent the country in which the bank is located. They indicate the country where the bank is registered or headquartered.
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Location Code: The following two letters (or digits) can further specify the location of the bank, often indicating the city or branch where the account is held. This part is optional and not always present in all SWIFT codes.
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Branch Code (Optional): In some cases, the last three digits (or characters) of the SWIFT code can represent a specific branch of the bank. This part is also optional and may not be included in all SWIFT codes.
SWIFT codes are crucial for international money transfers because they help ensure that funds are sent to the correct destination. When you initiate an international payment, you'll need to provide the SWIFT code of the recipient bank, along with other account details, to ensure that the money reaches the intended recipient's account. It's a standardized system that facilitates secure and efficient cross-border financial transactions.