SWIFT Code for RURAL BANK OF MIAGAO (ILOILO), INC. in Philippines
RUMIPHM1XXX
The primary BIC/SWIFT code for RURAL BANK OF MIAGAO (ILOILO), INC. in Philippines is RUMIPHM1XXX. This code is used to identify the bank as a whole during international financial transactions.
| Bank Name | RURAL BANK OF MIAGAO (ILOILO), INC. |
| Bank Address | NOBLE STREET, CITY OF ILOILO, ILOILO, 5023 |
| City | CITY OF ILOILO |
| Postcode | 5023 |
| Country | 🇵🇭 Philippines |
| Bank Code | RUMI |
| Country Code | PH |
| Location Code | M1 |
| Branch Code | XXX |
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Sending Money to RURAL BANK OF MIAGAO (ILOILO), INC. in CITY OF ILOILO
Follow these three steps to ensure your international wire transfer reaches the correct account at the CITY OF ILOILO branch without delays or hidden intermediary fees.
- Step 1: Collect Recipient Details. You will need the full legal name of the account holder and their IBAN (International Bank Account Number). For Philippines, IBANs typically start with the prefix PH.
- Step 2: Enter the SWIFT/BIC Code. When prompted by your banking app or wire service, enter RUMIPHM1XXX. This unique 11-character identifier ensures the funds are routed specifically to the RURAL BANK OF MIAGAO (ILOILO), INC. systems in CITY OF ILOILO.
- Step 3: Confirm the Transfer Method. If you are sending from within Europe, select SEPA for lower fees and faster delivery. For transfers from outside the EU (e.g., USA, India, or Australia), ensure you select SWIFT/International Wire and double-check if your bank requires an intermediary bank for Philippines transactions.
Where can I find my SWIFT/BIC code?
You can find your SWIFT/BIC code in several easy-to-locate places:
- On your bank statements, either printed or online.
- Inside your online banking portal, under account information.
- On your bank’s official website, usually in their international banking or FAQ section.
- By directly contacting your bank’s customer service.
Online resources like SWIFT Codes Finder can be really helpful.
Example of transaction information
- Beneficiary Name: [Recipient Name]
- Bank: [Bank Name]
- SWIFT/BIC Code: [SWIFT Code]
- Bank Address: [Street, City, Country]
- Account Number/IBAN: [Account Number or IBAN]
Frequently Asked Questions
Is RUMIPHM1XXX the correct code for all RURAL BANK OF MIAGAO (ILOILO), INC. branches?
No. While many banks use a "Head Office" code ending in XXX, the code RUMIPHM1XXX is specifically assigned to the CITY OF ILOILO location. Using this specific 11-character code helps the bank’s automated systems credit the recipient’s account faster than using a generic national code.
Can I use this code for a SEPA transfer to Philippines?
Yes. If you are sending Euro-denominated funds from another SEPA-member country, you can use this BIC/SWIFT code alongside the recipient’s IBAN. However, most modern European banks only require the IBAN to route SEPA payments automatically.
How long does a transfer to RURAL BANK OF MIAGAO (ILOILO), INC. usually take?
International transfers to RURAL BANK OF MIAGAO (ILOILO), INC. using the SWIFT network typically take 1 to 3 business days. Factors that can cause delays include:
- Time zone differences between the sender and Philippines.
- Local public holidays in Philippines.
- Required "Know Your Customer" (KYC) checks for large amounts.
Are there fees for receiving money at the CITY OF ILOILO branch?
Most banks in Philippines charge an "Incoming Wire Fee" for international transfers. For RURAL BANK OF MIAGAO (ILOILO), INC., these fees vary based on the account type but typically range from a small flat fee to a percentage of the total. It is recommended to send funds using the "OUR" instruction if you want the recipient to receive the exact amount sent.
What happens if I use the wrong SWIFT code?
If you use a code for a different branch of RURAL BANK OF MIAGAO (ILOILO), INC., the money will usually still arrive but may be delayed by 24–48 hours as it is manually rerouted. If you enter a completely incorrect code, the funds will likely be returned to your account within 5–10 business days, minus any processing fees.
Do I need a RURAL BANK OF MIAGAO (ILOILO), INC. SWIFT code for international money transfers?
Yes. If you are sending money from abroad to an account at RURAL BANK OF MIAGAO (ILOILO), INC., you will almost certainly need their SWIFT code (also known as a BIC).
The SWIFT code RUMIPHM1XXX acts as a digital address for the CITY OF ILOILO branch. Without it, the sending bank won’t know which specific institution in Philippines should receive the funds, which often leads to the transfer being rejected or stuck in "limbo". However, the requirements change slightly depending on where the money is coming from:
- Transfers from outside the EU/EEA (e.g., USA, Canada, India): A SWIFT code is mandatory. You must provide RUMIPHM1XXX along with the recipient’s name and IBAN.
- Transfers from within Europe (SEPA): If the sender is in a SEPA-member country, many modern banks only require the IBAN. However, providing the SWIFT code RUMIPHM1XXX is still recommended as a backup to ensure the transfer is routed instantly to the CITY OF ILOILO branch.
- Domestic Transfers: If you are sending money from another bank inside Philippines, you typically do not need a SWIFT code; a local account number or IBAN is sufficient.
Pro Tip: Always double-check the 8th and 11th characters. For RURAL BANK OF MIAGAO (ILOILO), INC., using the specific branch code RUMIPHM1XXX instead of the generic head office code ensures the money hits the correct local ledger in CITY OF ILOILO without manual intervention.
SWIFT Codes for main Philippines banks
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