In line with PhilPaSS Advisory No. BPU-2020-109 issued today by the BSP, please be informed that starting December 01, 2020,PhilPaSS will revert to its Normal Operating and Cut-off Timelines (9:00 AM to 6:00 PM).

As such, Clearing Participants shall strictly observe the following Cut-off Times:

• Nationwide Check Clearing – 4:30 PM cut-off
• PESONet – 4:00 PM cut-off
• PDDTS RTGS/PvP – 4:00 PM cut-off
• PDDTS Batch EOD – 4:00 PM cut-off

Please refer to your individual depository bank for new timelines on acceptance of deposits and electronic fund transfers, including availability of funds (proceeds from check deposit/fund transfer) starting December 01, 2020.

We are likewise pleased to inform that more participant banks/institutions have shifted to using Web Service API in the PESONet.

China Bank Savings, Inc. is the latest participant to shift to Web Service API in receiving PESONet Transactions.

Bank of Makati with BIC: MKRUPHM1XXX is the latest participant in the Phil. EFT System Operation Network (PESONet) starting December 01, 2020.

For complete list of PESONet Participant Banks/Institutions, see our updated list at the “PUBLICATION”.

China Bank Savings, Inc. shifted to Web Service API and started receiving PESONet Transactions via API since November 16, 2020.

Introducing the PESO Net…

We are pleased to announce the participation of First Commercial Bank, Ltd. (First Bank) in the PDDTS RTGS/PVP effective October 30, 2020. First Bank’s Business Identifier Code (BIC) is FCBKPHMMXXX.