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.
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”.
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…