CICS, PESONet & PDDTS TO REVERT TO USUAL CUT-OFF BY DEC. 1, 2020

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.

PARTICIPATION VIA PESONet WEB SERVICE API

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. (112) by November 16, 2020
  • CTBC Bank (Philippines) Corp. (069) by October 14, 2020
  • MUFG Bank, Ltd. (046) by October 01, 2020
  • Deutsche Bank (065) by September 28, 2020
  • BDO Unibank, Inc. (053) by September 07, 2020
  • Robinsons Bank Corporation (107) by August 31, 2020
  • HSBC (006) and HSBC Savings (089) by August 24, 2020
  • First Consolidated Bank (078) by August 07, 2020
  • AllBank, Inc. (129) by August 06, 2020
  • Philippine Bank of Communications (011) by July 10, 2020
  • Metropolitan Bank and Trust Company (026) by June 29, 2020
  • JPMorgan Chase Bank (072) by June 17, 2020
  • Bank of America, Nat’l. Assn. (012) by May. 18, 2020
  • Citibank, N.A. (007) by March 16, 2020
  • Malayan Bank – A Savings Bank (082)
  • Bank of Commerce (044) by Nov. 26
  • PayMaya Philippines, Inc. (802)
  • Equicom Savings Bank (096)
  • Asia United Bank (102)
  • Philippine National Bank (008)
  • Security Bank Corporation (014)
  • CIMB Bank Phils, Inc. (801)
  • Sterling Bank of Asia, Inc. (119)
  • Union Bank of the Phils. (041)
  • DCPAY Philippines or COINS.PH (083)
  • Standard Chartered Bank (005)
  • Dungganon Bank, Inc. (902)
  • Land Bank (035)
  • China Banking Corporation (010)
  • ING Bank Manila N.V. (066)
  • UCPB (029), Security Bank (014)
  • May Bank (022)
  • RCBC (028)
  • East-West Bank (062)
and are now sending and receiving EFT Transactions via the PESONet Web Service API.

PARTICIPATION OF BANK OF MAKATI IN THE PESONet



Bank of Makati with BIC: MKRUPHM1XXX is the latest participant in the Phil. EFT System Operation Network (PESONet) starting December 01, 2020. Recently, the following banks/institutions also joined PESONet:
  • Bangko Mabuhay (A Rural Bank), Inc. (MRTCPHM1XXX)
  • Innovative Bank, Inc. (A Rural Bank) (IORUPHM1XXX)
  • Globe Xchange, Inc. (GCash) (GXCHPHM2XXX)
  • Rang-ay Bank, Inc. (A Rural Bank) (RARLPHM1XXX)
  • Country Builder’s Bank, Inc. (COUKPHM1XXX)
  • East West Rural Bank, Inc. (EAWRPHM2XXX)
  • Cebuana Lhuillier Rural Bank, Inc. (CELRPHM1XXX)
  • Camalig Bank, Inc.(A Rural Bank) (RUCAPHM1XXX)
  • HSBC Savings Bank, Inc. (HBPHPHMMXXX)
  • Rural Bank of Guinobatan, Inc. (RUGUPHM1XXX)
  • AllBank, Inc. (ALKBPHM2XXX)
  • BDO Network Bank, Inc.(previously One Network Bank, Inc.) (ONNRPHM1XXX)
  • BOF, Inc – A Rural Bank (BORRPHM1XXX)
  • Philippine Business Bank (PPBUPHMMXXX)
  • Wealth Development Bank (WEDVPHM1XXX)
  • Al-Amanah Islamic Investment Bank (AIIPPHM1XXX)
  • Producers Savings Bank Corp. (PSCOPHM1XXX)
For complete list of PESONet Participant Banks/Institutions, see our updated list at the “PUBLICATION”.

Introducing the PESO Net…

PARTICIPATION OF FIRST BANK IN PDDTS

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.

CICS PARTICIPATION OF INDUSTRIAL & COMMERCIAL BANK OF CHINA, LTD.

ICBC-147
We are pleased to announce the participation of Industrial and Commercial Bank of China, Limited (ICBC) in the PCHC nationwide Check Image Clearing System (CICS). ICBC is the newest Shareholder member bank to participate in CICS. Its Manila branch located at The Curve, 32nd Street Corner 3rd Avenue, BGC, Taguig City will start participating on June 8, 2020. Prior to the entry of Industrial and Commercial Bank of China, Ltd. the following banks joined recently:
  • Card SME Bank, Inc. (A Thrift Bank)       – December 20, 2019
  • Camalig Bank, Inc. (A Rural Bank)          – December 09, 2019
  • Guagua Rural Bank, Inc. (GRBI)              – October 09, 2019
  • Rural Bank of Guinobatan, Inc.               – September 16, 2019
  • Country Builders Bank, Inc.                     – August 12, 2019
  • Gateway Rural Bank, Inc. or Gatebank  – July 24, 2019
  • Zambales Rural Bank, Inc. or Zambank – July 1, 2019
  • BOF, Inc. (Bank of Florida)                       – May 2, 2019
  • Enterprise Bank (A Thrift Bank)              – February 1, 2019
  • Entrepreneur Bank (A Rural Bank)         – January 16, 2019
  • Bangko Nuestra Señora Del Pilar, Inc.   – December 3, 2018
  • Rural Bank of Mangaldan, Inc.                – August 1, 2018
With Check Image Clearing System (CICS), proceeds of your check deposit may already be available for withdrawal on the next banking day! Watch our video to know more…