Philippine National Bank, Olongapo City and Subic Bay
I currently bank with the Philippine National Bank (PNB) in Olongapo City. PNB is one of the oldest banks in the Philippines. It was established in 1916, became the first universal bank in the Philippines in 1980 and was privatized in 1989. PNB currently has over 100 branches throughout Asia, Europe, the Middle East and North America. I'm going to provide a little information on the local branches.
Dollar Accounts
A dollar bank account can be opened at either branch, but direct deposit accounts are handled only by the Olongapo City branch.
If you need to wire a lot of money to a dollar account, and you're in the US, it's best to open an account at either of the Los Angeles or New York City branches. Here are the bank codes:
LOS ANGELES BRANCH
Wire Routing Transit Number (RTN): 122038756
Swift Code: PNBMPHMM
Address:
3345 Wilshire Blvd, Suite 200
Los Angeles, CA 90010
Telephone Number: (323) 802-8000
Telefax Number: (323) 802-8001
NEW YORK CITY BRANCH
Routing Transit Number (RTN): 026003007
Swift Code: PNBMPHMM
Address (Changed on 2008-05-12):
30 Broad Street, 36th Floor,
New York, NY 10004
Telephone Number: (212) 790-9600
Toll Free: (866) 922-9975
Telefax: (212) 382-2238
Email Address: pnbnyc@pnbnewyork.com
I have my monthly direct deposit payment going to the New York City Branch. Please be aware that these direct deposit payments are processed like remittances and allotments, similar to the ways other countries transfer money. There is currently a $7.00 (in US dollars) fee per deposit. The type of account required is a dollar savings account.
Local Branches
The Olongapo City branch is almost always crowded and parking is usually only available in the rear. There is plenty of parking at the Subic Bay branch.
OLONGAPO CITY BRANCH
Philippine National Bank
2440 Rizal Avenue
East Bajac-Bajac, Olongapo City
Philippines 2200
Telephone numbers: 63-47-222-8343 and 63-47-223-4989
Telefax number: Same as second number
Email Address: olongapo@pnb.com.ph
SUBIC BAY BRANCH
Lot 5, Retail 2, Times Square Mall
Sta. Rita Road
Subic Bay Freeport Zone
Olongapo City, Philippines 2220
Telephone Number: 63-47-252-7963
Telefax Number 63-252-7964
Email Address: subic@pnb.com.ph
For more information, visit the official website: Philippine National Bank
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I have dealt with this bank long ago – no complaints
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i used to frequent a pnb branch near my college. no complaints. the facilities and service weren't excellent, but they were fine.
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One of the oldest universal bank in the Phillipines and tehy do have excellent service and they also have their sattelite branches in Canada and you can do your wire transfer their too and its fast and easy.
Thanks
Any idea why the deposit is so high for those in the US? $7 USD seems a bit much.
Because it's treated as a remittance, not a deposit.
When i was still in the Philippines, I used to bank with PNB and they are one of the best banks to do your banking. but through the years the services deteriorated and I don't feel like banking with them and instead move to PCIBank.
I beg to differ from the reference that PNB is the oldest bank in the Philippines. I think if I am not mistaken that is the Bank of the Philippine Islands or BPI is the oldest bank in the Philippines. Both banks are as far as I know are universal banks. correct me if I am wrong
PNB was establish as a government bank on July 22, 1916. BPI was established by Spain on August 1, 1851. I'm correcting the wording in the second sentence because I left out "one of". I am aware of the history of both banks and I can't believe I did that.
Actually, I had it there, but the word order was wrong.