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.

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A 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

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.

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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.

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