To open a business bank account in the Philippines, you generally need business registration a standard set of documents such as (SEC or DTI registration, Articles of Incorporation), valid identification documents of owners and authorised signatories, Tax Identification Number (TIN), Mayor's Permit or Barangay Clearance, and proof of address. Additional requirements may vary among banks.
Your Business Account in the Philippines 🇵🇭
Open a business account to operate in Philippines without local presence. Get multicurrency IBAN to manage PHP, EUR, USD, GBP, and other currencies with ease.
Open accountA single solution to bank overseas
Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.
Within Philippines 🇵🇭
Account details:
IBAN (EU & global)
Currencies:
PHP
Supported payment networks:
SWIFT, Direct Entry*
Delivery time:
0-1 business day
*Available upon request on a case by case basis
The rest of the world 🌍
Account details:
IBAN (EU & global)
Account number & Sort code (UK)
Account & Routing numbers (US)
Currencies:
EUR, GBP, USD & 70+ currencies
Supported payment networks:
SWIFT, SEPA, SEPA Instant, Faster Payments, ACH, Fedwire, 10+ local networks
Delivery time:
0-2 business days
Our API services include
How to send money to Philippines 🇵🇭 with MultiPass
1.
Convert your currency to PHP
Save on FX vs traditional banks
2.
Choose recipient in Philippines
Make a payment to their IBAN
3.
From 0 GBP per payment
Your beneficiary receives the exact amount, with no hidden FX charges along the way
Pricing
from 500 GBP
Account opening
from 100 GBP/month
Account maintenance
Free
IBAN + local UK, US details issuing
Please note that pricing may vary from case to case. For more information, visit the pricing page.
Get paid in the currency your clients are used to
Free, subject to FX
Share your account details with your overseas customers allowing them to pay you in EUR, USD & GBP locally and 70+ currencies globally.
Pay overseas staff cheaper & easier
Free, subject to FX
Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.
Our awards
Accepted member of
the industry-recognised associations
Your questions, answered
What are the requirements to open a business bank account in the Philippines?
Can I open a Philippine business bank account as a foreigner?
Can a foreign company open an account in the Philippines?
How hard is it to open a business bank account in the Philippines?
Apply for your multicurrency account today
Our onboarding process is a breeze! Simply fill out the form, then our specialist will guide you through every further step.
Get started