Banking in the Philippines

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:

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