COYAPHM2 — COOPERATIVE BANK OF CAGAYAN

The SWIFT code COYAPHM2 identifies COOPERATIVE BANK OF CAGAYAN in CITY OF TUGUEGARAO, Philippines. This head office code is used for cross-border payments and SWIFT network routing.

The 8 or 11 characters of COYAPHM2 are parsed as follows: characters 1-4 (COYA) represent the bank code for COOPERATIVE BANK OF CAGAYAN; characters 5-6 (PH) indicate the country code for Philippines; characters 7-8 (M2) specify the location code; and the final characters (—) designate the specific branch.

COYAPHM2 is formatted as a valid ISO 9362 Business Identifier Code and is listed in our reference directory for COOPERATIVE BANK OF CAGAYAN in CITY OF TUGUEGARAO, Philippines. Our directory records come from an open community compilation last updated in 2024, so listing is not confirmation of current status — SWIFT does not publish a free live status feed. Always confirm the code with the beneficiary bank before sending funds.

The physical address registered for COYAPHM2 is: COOPBANK BUILDING, DIVERSION ROAD, 3500, CITY OF TUGUEGARAO, Philippines. Verify this address matches your recipient's branch details before initiating a transaction.

An 8-character BIC (BIC8) identifies an institution's primary head office, while an 11-character BIC (BIC11) specifies a distinct branch or department. Appending 'XXX' to COYAPHM2 forms the conventional head-office branch suffix; both formats route validly on the network.

Yes. COYAPHM2 is the primary 8-character head office code for COOPERATIVE BANK OF CAGAYAN. When a specific branch BIC is unknown, payments directed to COYAPHM2 (or COYAPHM2XXX) route to the central head office for internal distribution.

SWIFT codes like COYAPHM2 identify the bank institution, while IBANs (ISO 13616) identify the individual customer account. Within SEPA (ECB SEPA), IBANs are sufficient for routing; outside SEPA, both SWIFT BIC and account number are typically required.

Using an incorrect code can delay transfers, cause payment returns, or route funds to an incorrect institution. Correspondent banks along the route may charge return processing fees, and currency conversion losses may occur. Always verify details with the beneficiary.

International SWIFT wires typically settle within 1 to 5 business days, depending on time zones, clearing cut-offs, correspondent hops (BIS CPMI), and compliance checks.

When sending and receiving banks lack direct clearing accounts, transfers route through intermediary correspondent banks (BIS CPMI) that maintain shared Nostro/Vostro accounts. Each hop may deduct a handling fee.

COYAPHM2 routes international cross-border transfers. Domestic clearing arrangements vary in Philippines; confirm with the beneficiary bank before sending funds. SWIFT/BIC codes handle international wire entry.

This record is sourced from an open community BIC compilation (2024 vintage). For full data provenance, see our Data Sources Register.

Confirm the exact BIC and account details directly with your beneficiary, verify beneficiary bank name match, and beware of invoice fraud. Reference directories are for verification support.