Financial Institution Codes and Standard Field Values in Unified Transfer

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Unified Transfer is in active development. As a pioneer merchant, you will be informed of the updates through your Maya Relationship Manager.

Overview

The Unified Transfer requires specific standardized values for certain fields to ensure compliance with regulatory requirements and proper transaction processing.

This document provides comprehensive reference data for financial institution codes and standard field values used in the Unified Transfer. This reference guide contains all accepted values for:

Financial Institution Codes - Supported banks and financial institutions
Identification Types - Valid ID types for sender/receiver verification
Income Sources - Acceptable sources of income for KYC compliance
Relationship to Receiver - Valid relationships between sender and receiver
Transaction Purposes - Approved purposes for fund transfers
Work Nature - Acceptable employment/business categories

Use these values when populating account details and KYC information in your transfer requests.

Financial Institution Codes

Financial institution codes follow the SWIFT/BIC format (11 characters) and are used in the financial_institution_code field for both debit and credit accounts.

Format Requirements

Length: Exactly 11 characters
Structure:
- Bank code (4 alphabetic characters)
- Country code (2 alphabetic characters)
- Location code (2 alphanumeric characters)
- Branch code (3 alphanumeric characters, use XXX for head office)

Supported Financial Institutions

The Unified Transfer supports transfers across 120+ financial institutions through multiple processing channels:

Maya Institutions

Maya institutions use internal processing and do not go through InstaPay or PESONet rails:

Institution Name	FIC Code
Maya Philippines, Inc.	PAPHPHM1XXX
Maya Bank, Inc. (Instapay sending only)	MYDBPHM2XXX
Maya Bank, Inc.	MYYAPHM2XXX

Note: Maya transfers are processed internally for faster settlement and may have different limits and processing times compared to external network transfers. Maya Bank uses different FIC codes depending on the transfer type - use MYDBPHM2XXX for InstaPay sending and MYYAPHM2XXX for other transfer types.

External Network Institutions (InstaPay & PESONet)

The matrix below shows external financial institutions and their network support:

Financial Institution Support Matrix

Institution Name	FIC Code	InstaPay	PESONet
Agribusiness Rural Bank, Inc.	AGBUPHM1XXX	❌	✅
Al-Amanah Islamic Bank	AIIPPHM1XXX	❌	✅
Alipay Philippines, Incorporated	APHIPHM2XXX	✅	❌
AllBank (A Thrift Bank), Inc.	OPDVPHM1XXX	✅	❌
AllBank, Inc.	ALKBPHM2XXX	❌	✅
Asia United Bank Corporation	AUBKPHMMXXX	✅	✅
Australia & New Zealand Bank	ANZBPHMXXXX	❌	✅
Bangko Kabayan	KARUPHM1XXX	❌	✅
Bangko Mabuhay (A Rural Bank), Inc.	MRTCPHM1XXX	✅	✅
Bangko Nuestra Senora del Pilar	NSPRPHM1XXX	❌	✅
Bangkok Bank Public Co. Ltd.	BKKBPHMMXXX	❌	✅
Bank of America, Nat'l. Ass'n.	BOFAPH2XXXX	❌	✅
Bank of China	BKCHPHMMXXX	✅	✅
Bank of Commerce	PABIPHMMXXX	✅	✅
Bank of Florida	BORRPHM1XXX	❌	✅
Bank of Makati	MKRUPHM1XXX	❌	✅
Bank of Montalban, Inc.	RUMTPHM2XXX	❌	✅
Bank of the Philippine Islands (BPI) / VYBE by BPI	BOPIPHMMXXX	✅	✅
Bank of Tokyo-Mits., Limited	BOTKPHMMXXX	❌	✅
BDO Network Bank, Inc.	ONNRPHM1XXX	✅	✅
BDO Unibank, Inc.	BNORPHMMXXX	✅	✅
Binan Rural Bank, Inc.	BIURPHM2XXX	❌	✅
BPI Direct BanKo, Inc., A Savings Bank	BPDIPHM1XXX	✅	✅
Camalig Bank, Inc. (A Rural Bank)	RUCAPHM1XXX	✅	✅
Cantilan Bank, Inc. (A Rural Bank)	CNRLPHM1XXX	✅	✅
Card Bank, Inc. (A Microfinance - Oriented Rural Bank)	CBMFPHM1XXX	✅	❌
CARD MRI Rizal Bank, Inc., A Microfinance-Oriented Rural Bank	CAMZPHM2XXX	✅	❌
Card SME Bank, Inc. A Thrift Bank	CRMHPHM1XXX	✅	❌
Cathay United Bank Co. Ltd	UWCBPHMMXXX	❌	✅
Cebuana Lhuillier Rural Bank, Inc. / Cebuana Xpress	CELRPHM1XXX	✅	✅
China Bank Savings, Inc.	CHSVPHM1XXX	✅	✅
China Banking Corporation	CHBKPHMMXXX	✅	✅
CIMB Bank Philippines Inc.	CIPHPHMMXXX	✅	✅
CIS Bayad Center, Incorporated / Bayad	CIYCPHM2XXX	✅	❌
Citibank, N. A.	CITIPHMXXXX	❌	✅
City Savings Bank, Inc.	CIVAPHM1XXX	✅	✅
Cooperative Bank of Quezon Province	CBQPPHM2XXX	❌	✅
CTBC Bank (Philippines) Corporation	CTCBPHMMXXX	✅	✅
DCPAY Philippines, Incorporated	DCPHPHM1XXX	✅	✅
Deutsche Bank	DEUTPHMMXXX	❌	✅
Development Bank of the Philippines	DBPHPHMMXXX	✅	✅
DM Bank	DMBNPHM1XXX	❌	✅
Dumaguete City Development Bank	DCDEPHM1XXX	✅	✅
Dungganon Bank (A Rural Bank), Inc.	DUMTPHM1XXX	✅	✅
East West Banking Corporation	EWBCPHMMXXX	✅	✅
East West Rural Bank, Inc. / Komo	EAWRPHM2XXX	✅	✅
Easypay Global EMI Corporation	EAGMPHM2XXX	✅	✅
Ecashpay Asia Incorporated	ECASPHM2XXX	✅	❌
Entrepreneur Rural Bank, Inc.	ENRUPHM1XXX	✅	❌
Equicom Savings Bank, Inc.	EQSNPHM1XXX	✅	✅
First Consolidated Bank	FIOOPHM1XXX	❌	✅
GoTyme Bank Corporation	GOTYPHM2XXX	✅	✅
Gpay Network PH, Incorporated / GrabPay	GHPESGSGXXX	✅	✅
G-Xchange, Incorporated (GXI) / GCash	GXCHPHM2XXX	✅	✅
Guagua Rural Bank, Inc	GRBUPHM1XXX	❌	✅
The Hongkong & Shanghai Banking Corporation (HSBC)	HSBCPHMMXXX	✅	✅
Infoserve, Incorporated / NationLink	IFIPPHM2XXX	✅	❌
Industrial Bank of Korea - Manila	IBKOPHMMXXX	❌	✅
Industrial Commercial Bank of China	ICBCPHMMXXX	❌	✅
Innovative Bank	IORUPHM1XXX	❌	✅
I-Remit, Incorporated / iCASH	IREMPHM2XXX	✅	❌
ISLA Bank (A Thrift Bank), Inc.	ISTHPHM1XXX	✅	❌
JPMorgan Chase Bank	CHASPHMMXXX	❌	✅
KEB Hana Bank	KOEXPHMMXXX	❌	✅
Laguna Prestige Banking Corporation	LPCRPHM2XXX	❌	✅
Land Bank of the Philippines / OFBank	TLBPPHMMXXX	✅	✅
Legazpi Savings Bank, Inc.	LESIPHM1XXX	✅	❌
LOLC Bank Philippines, Inc.	LOLPPHM2XXX	❌	✅
Lulu Financial Services (Phils.) Incorporated	LFSHPHM2XXX	❌	✅
Luzon Development Bank	LUDVPHM1XXX	✅	❌
Malarayat Rural Bank, Inc.	MLRUPHM2XXX	❌	✅
Malayan Savings Bank, Inc.	MAARPHM1XXX	✅	✅
MarcoPay Incorporated	MAYCPHM2XXX	✅	❌
MariBank Philippines Inc. (A Rural Bank)	LAUIPHM2XXX	✅	✅
Maybank Philippines, Incorporated	MBBEPHMMXXX	✅	✅
Mega Intl Comml Bank Co. Ltd	ICBCPHMMXXX	❌	✅
Metropolitan Bank and Trust Company	MBTCPHMMXXX	✅	✅
MetroSouth Cooperative Bank	MEOPPPHM2XXX	❌	✅
Mindanao Consolidated Cooperative Bank	MIOCPHM1XXX	✅	❌
Mizuho Bank, Ltd.	MHCBPHMMXXX	❌	✅
Money Mall Rural Bank, Inc.	MOMLPHM2XXX	❌	✅
MVSM Bank (A Rural Bank), Inc.	MVRSPHM2XXX	❌	✅
Netbank (A Rural Bank), Inc.	CUOBPHM2XXX	✅	✅
New Rural Bank of San Leonardo (Nueva Ecija), Inc.	NRSLPHM1XXX	❌	✅
Omni Pay Incorporated	OMNPPHM2XXX	✅	❌
Own Bank, The Rural Bank of Cavite City, Inc.	OWNBPHM2XXX	✅	✅
Pacific Ace Savings Bank, Inc.	PASVPHM1XXX	✅	❌
Partner Rural Bank (Cotabato), Inc.	PRTOPHM1XXX	✅	✅
PayMongo Payments Inc	PAEYPHM2XXX	✅	✅
Peppermint Bizmoto Inc.	PPBIPHM2XXX	✅	❌
Philippine Bank of Communications	CPHIPHMMXXX	✅	✅
Philippine Business Bank, Inc., A Savings Bank	PPBUPHMMXXX	✅	✅
Philippine Digital Asset Exchange, Inc.	PDAXPHM2XXX	✅	✅
Philippine National Bank	PNBMPHMMTOD	✅	✅
Philippine Savings Bank	PHSBPHMMXXX	✅	✅
Philippine Trust Company	PHTBPHMMXXX	✅	✅
Philippine Veterans Bank	PHVBPHMMXXX	✅	✅
Porac Bank (A Rural Bank)	RUPPPHM2XXX	❌	✅
PPS-PEPP Financial Services Corporation	PPSFPHM2XXX	✅	❌
Producers Savings Bank Corporation	PSCOPHM1XXX	✅	✅
Queen City Development Bank, Inc. or Queenbank, A Thrift Bank	QCDFPHM1XXX	✅	✅
Quezon Capital Rural Bank, Inc.	QCRIPHM1XXX	✅	❌
Rang-Ay Bank, Inc. (A Rural Bank)	RARLPHM1XXX	✅	✅
RBT Bank, Inc. (A Rural Bank)	RBRUPHM2XXX	❌	✅
Rizal Commercial Banking Corporation (RCBC) / DiskarTech	RCBCPHMMXXX	✅	✅
Robinsons Bank Corporation	ROBPPHMMXXX	✅	✅
Rural Bank of Bacolod City, Inc.	RUBCPHM2XXX	❌	✅
Rural Bank of Bauang, Inc.	RUBUPHM2XXX	❌	✅
Rural Bank of Digos, Inc.	RUDIPHM1XXX	❌	✅
Rural Bank of Guinobatan, Inc. / Asenso	RUGUPHM1XXX	✅	✅
Rural Bank of La Paz, Inc.	RUPZPHM2XXX	❌	✅
Rural Bank of Lebak (Sultan Kudarat), Inc.	RLSKPHM1XXX	❌	✅
Rural Bank of Rosario (LU), Inc.	RURUPHM2XXX	❌	✅
Rural Bank of San Medjugorje	RBSMPHMMXXX	❌	✅
Rural Bank of San Narciso, Inc.	RSNAPH M2XXX	❌	✅
Rural Bank of Sta. Ignacia, Inc.	RUSGPHM1XXX	❌	✅
Security Bank Corporation	SETCPHMMXXX	✅	✅
Shinhan Bank	SHBKPHMMXXX	❌	✅
ShopeePay Philippines, Incorporated	SHPHPHM2XXX	✅	❌
SpeedyPay, Incorporated / eMango Pay	SPEYPHM2XXX	✅	❌
Standard Chartered Bank	SCBLPHMMXXX	✅	✅
Starpay Corporation	SRCPPHM2XXX	✅	❌
Sterling Bank of Asia, Inc. (A Savings Bank)	STLAPH22XXX	✅	✅
Sumitomo Mitsui Banking Corp	SMBCPHMMXXX	❌	✅
Summit Bank (Rural Bank of Tublay, Inc.)	RUBTPHM2XXX	❌	✅
Sun Savings Bank, Inc.	SUSVPHM1XXX	✅	❌
Tagcash	TAGCPHM2XXX	❌	✅
TayoCash Incorporated	TAYOPHM2XXX	✅	✅
Toktokwallet Inc.	TOKTPHM2XXX	✅	❌
Tonik Digital Bank, Inc.	TDBIPHM2XXX	✅	✅
Top Bank / Country Builders Bank, Inc.	COUKPHM1XXX	❌	✅
Traxion Pay Incorporated / DigiCOOP / COOPNET	TRXPPHM2XXX	✅	❌
UCPB Savings Bank	UCSVPHM1XXX	✅	❌
Union Bank of the Philippines	UBPHPHMMXXX	✅	✅
Union Digital Bank	UNODPHM2XXX	✅	✅
United Overseas Bank Phils.	UOVBPHMMXXX	❌	✅
UNObank, Inc.	UNOBPHM2XXX	✅	✅
USSC Money Services Incorporated	USMEPHM2XXX	✅	✅
Vigan Banco Rural, Incorporada	VBRIPHM2XXX	✅	❌
Vigan Banco Rural Incorporada	VGBCPHM1XXX	❌	✅
Wealth Development Bank Corporation	WEDVPHM1XXX	✅	✅
Wise Pilipinas Incorporated	TRWIPHM2XXX	✅	❌
Yuanta Savings Bank, Inc.	TYBKPHMMXXX	❌	✅
Zambales Rural Bank, Inc.	ZARUPHM1XXX	❌	✅
Zybi Tech Inc. / JuanCash	ZBTEPHM2XXX	✅	✅

Note: This matrix shows external financial institutions and their network support. InstaPay provides real-time processing while PESONet offers batch processing with higher transaction limits.

Network Coverage

Maya

Processing type: Internal/proprietary processing
Settlement: Faster settlement due to in-house processing
Limits: Account-specific limits (see Maya Account Limits for details)
Participating institutions: Maya Bank, Inc. and Maya Philippines, Inc.

InstaPay Network

Real-time processing (24/7)
Maximum amount: PHP 50,000 per transaction
Participating institutions: 80+ external banks and e-money issuers (see matrix above for specific institutions)

PESONet Network

Batch processing (business hours)
Maximum amount: PHP 300,000 per transaction
Participating institutions: 100+ external major banks and select financial institutions (see matrix above for specific institutions)

Validation

When using financial institution codes:

Format Validation: Ensure the code follows the 11-character SWIFT/BIC format
Network Support: Verify the institution supports your chosen ACH channel (InstaPay/PESONet)
Account Format: Each institution may have specific account number format requirements
Service Hours: Some institutions may have maintenance windows or limited operating hours

Usage Examples

Basic Transfer Request

{
  "data": {
    "initiation": {
      "debit_account": {
        "financial_institution_code": "PAPHPHM1XXX",
        "account_number": "041279562523"
      },
      "credit_account": {
        "financial_institution_code": "MBTCPHMMXXX",
        "account_number": "772356410242",
        "account_name": "Maria Reyes"
      },
      "amount": {
        "currency": "PHP",
        "value": 1000.00
      },
      "transaction_purpose": "Family Support/Allowance"
    }
  }
}

Transfer with KYC Information

{
  "data": {
    "initiation": {
      "debit_account": {
        "financial_institution_code": "PAPHPHM1XXX",
        "account_number": "041279562523"
      },
      "credit_account": {
        "financial_institution_code": "BOPIPHMMXXX",
        "account_number": "123456789012",
        "account_name": "Juan Dela Cruz"
      },
      "amount": {
        "currency": "PHP",
        "value": 5000.00
      },
      "transaction_purpose": "Business Capital",
      "sender": {
        "name": {
          "first_name": "Maria",
          "last_name": "Santos"
        },
        "income_source": "Salary",
        "identification": {
          "type": "Passport",
          "number": "P1234567"
        },
        "employment": {
          "work_nature": "IT Companies"
        },
        "relationship_to_receiver": "Trade/Business Partner"
      }
    }
  }
}

Standard Field Values

Identification Types

Use these values for the identification.type field in sender and receiver information:

UMID/SSS Card
Passport
Driver's License
PRC License
GSIS E-Card
OWWA ID
Alien Certification of Registration (ACR)
Government Office and GOCC IDs (AFP, NBI, etc.)
Integrated Bar of the Philippines ID
Employee/Company ID
School ID
Senior Citizen ID
Seaman's Book
NBI Clearance
Police Clearance
Postal ID
Voter's ID
TIN Card
Barangay Certification
Certification from NCWDP
DSWD Certification
PhilHealth ID
PhilSys ID/PhilID

Income Sources

Use these values for the income_source and additional_income_source fields:

Remittance
Interest on Savings, Placements, Investments
Salary
Business Proceeds
Government Aid
Inheritance
Loan Proceeds
Allowance
Commission
Donation
Online Business
Pension
Self Employed
Other/s, please specify

Relationship to Receiver

Use these values for the sender.relationship_to_receiver field:

Father
Mother
Spouse/Common-law partner
Son
Daughter
Brother
Sister
Relatives
Guardian
Self
Friend
Colleague
Employee/Employer
Trade/Business Partner
Donor/Receiver of Charitable Funds

Transaction Purposes

Use these values for the transaction_purpose field:

Education-related expense
Medical expense
Goods & Services payment
Family Support/Allowance
Donations/Gifts
Loan Payment
Saving/Investments/Earnings
Living Expense
Home Improvement
Rent/Mortgage
Taxes/Gov't Fees/Obligations
Business Capital
Commissions/Professional/Management Fees
Purchase of Assets
Subscription payment
Lottery/Gambling winnings
Payment of Shipments
Employee Payroll/Employee Expense
Travel/Leisure
Debt Settlement

Work Nature

Use these values for the employment.work_nature and employment.additional_work_nature fields:

Accountant
Banking
BPO Companies
Brokerage/Securities Sector
Car Dealers
Casinos/Gaming Clubs/Lottery Outlet
Construction
Doctor/Dentist/Other Medical Professionals
E-commerce/Online Business
E-money Issuers
Education (Teacher, Tutor, Professor, etc.)
Embassies/Foreign Consulates
Financial Services (Non Stock Savings and Loans Associations (NSSLS))
Freelance (e.g Writer, Buy and Sell)
FX Dealer/Money Changer
Government Employees
Government Service (LGUs, etc.)
Housewife/Househusband/Dependent
Insurance Sector
IT Companies
Jewelry Business
Lawyers or Notaries
Legal Practice (Firms)
Lending and Financing
Manning/Employment Agencies
Manufacturing
Military and Police
Multi Level Marketing
NGO/Foundation/Charities
OFW
Other/s, please specify
Pawnshop
Precious Metals and Stones Business
Real Estate
Religious Organizations
Remittance Agent
Retiree
Students
Transportation (Driver, Operator, etc.)
Virtual Currencies

Validation and Compliance

Field Validation Rules

Exact Match Required: Use the exact text as listed (case-sensitive)
No Variations: Do not use abbreviations or alternative spellings
Complete Values: Always provide the full value as specified
Regulatory Compliance: Some combinations may trigger additional compliance checks

Common Validation Errors

Unsupported institution: Using financial institution codes not supported by the API
Invalid identification type: Using non-standard ID types
Unrecognized income source: Using income sources not in the approved list
Invalid relationship: Using relationships not defined in the standard list

Getting Updated Information

Financial Institution Codes

For the most current list of supported financial institution codes:

Monitor API documentation updates
Check with your Maya Relationship manager
Contact Maya partner support at [email protected]

Standard Field Values

Standard field values are periodically updated to reflect regulatory changes:

Monitor API documentation updates
Check with your Maya Relationship manager
Contact Maya partner support at [email protected]