Information on opening a bank account in the Philippines - what documents to provide - the credit and debit cards, payment methods, cheques and more...
The major banks in the Philippines are:
- Banco de Oro (BDO)
- Bank of the Philippine Islands (BPI)
- Chinabank
- Citibank
- Development Bank of the Philippines (DBP)
- HSBC Philippines
- Landbank of the Philippines (LBP)
- Metrobank
- Philippine National Bank (PNB)
- Rizal Commercial Banking Corp. (RCBC)
- Security Bank
- Standard Chartered Bank
- UnionBank of the Philippines (UBP)
Currency
The Philippine Peso (PHP) is the currency used in the Philippines.
The different types of bank notes that can be found in the Philippines are as follows:
- Php20.00 – orange
- Php50.00 – red
- Php 100.00 – purple
- Php200.00 – green
- Php500.00 – yellow
- Php1000.00 – blue
Coin Denominations
- 5 centavos – copper with a hole in the middle with the inscription 5 Sentimo
- 10 centavos – copper with the inscription 10 Sentimo
- 25 centavos – dark yellow metal with the inscription 25 Sentimo
- PHP 1.00 – silver coloured with the inscription 1 Piso
- PHP 5.00 – light gold coloured with the inscription 5 Piso
- PHP10.00 – outer border silver coloured and middle part gold coloured, with the inscription 10 Piso