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FINANCIAL INSTITUTIONS IN THE PHILIPPINES

Australia’s Department of Immigration and Citizenship (DIAC) has developed a list of acceptable financial institutions in Manila. The purpose of this list is to help visa applicants understand how they can meet financial requirements for the grant of a Student visa, by informing them which banks have been found to meet the definition of “financial institution” under Australia’s migration legislation.

Effective from 06 April 2011 for the purpose of meeting the financial requirements for a Student visa application lodged in the Philippines, a money deposit or loan will only be accepted from the following Philippines based
financial institutions.

DIAC reviews the list regularly.

Acceptable Financial Institutions in the Philippines from (06 April 2011)
1. Metropolitan Bank & Trust Co.
2. Banco de Oro Unibank, Inc.
3. Bank of the Philippine Islands
4. Land Bank of the Philippines
5. Development Bank of the Philippines
6. Rizal Commercial Banking Corp.
7. Philippine National Bank
8. Bank of Commerce
9. Citibank N.A.
10. China Banking Corp.
11. Union Bank of the Philippines
12. Allied Banking Corp.
13. HK & Shanghai Banking Corp.
14. Security Bank Corp.
15. United Coconut Planters Bank
16. Philippine Trust Co.
17. Standard Chartered Bank
18. Philippine Bank of Communications
19. Asia United Bank
20. East–West Banking Corp.
21. ING Bank
22. Philippine Veterans Bank
23. Deutsche Bank AG
24. Mizuho Corporate Bank, Ltd.
25. BDO Private Bank
26. Bank of Tokyo–Mitsubishi, Ltd.,
27. China Trust (Phils.) Commʹl Bank Corp.
28. J.P. Morgan Chase Bank
29. Maybank
30. Australia & New Zealand Bkng.
31. ABN Amro Bank, Inc.
32. Korea Exchange Bank
33. Mega International Commercial Bank
34. Bank of America NT & SA
35. Bangkok Bank Public Co., Ltd.
36. Bank of China
37. Al–Amanah Islamic Bank
38. Export and Industry Bank