Australia’s Department of Immigration and Citizenship (DIAC) has revised the list of acceptable financial institutions for the purpose of meeting the financial requirements of a Student visa application (Assessment Level 3) lodged in the Philippines.

Effective from 21 September 2012, certification of a money deposit or loan will only be accepted from the following list of Philippines based financial institutions.

All applicants must submit evidence of their ability to meet the financial requirements for a student visa (AL3) with their application.
Please note that DIAC may conduct verification checks with any of these financial institutions.

Acceptable Financial Institutions in the Philippines from 21 September 2012

A

ABN Amro Bank, Inc.
Al–Amanah Islamic Bank
Allied Banking Corp. 
Allied Savings Bank  
Asia United Bank 
Australia & New Zealand Bkng.

B

Banco de Oro Unibank, Inc. 
BDO Elite Savings Bank, Inc.
BDO Private Bank 
Bangkok Bank Public Co., Ltd.
Bank of America NT & SA
Bank of China
Bank of Commerce 
Bank of the Philippine Islands 
BPI Capital Corporation
BPI Card Finance Corporation
BPI Direct Savings Bank
BPI Family Savings Bank
BPI Globe BanKo, Inc. A Savings Bank
BPI Leasing Corporation
Bank of Tokyo–Mitsubishi, Ltd.,

C

China Banking Corp. 
China Savings Bank  
China Trust (Phils.) Commʹl Bank Corp.
Citibank N.A. 
Citibank Savings, Inc.

D

Deutsche Bank AG
Development Bank of the Philippines 

E

East–West Banking Corp.
Export and Industry Bank 

F

First Consolidated Bank

H

HK & Shanghai Banking Corp.
HSBC Savings Bank (Phils) Inc.

I

ING Bank
ISLA Bank (A Thrift Bank), Inc.

J

J.P. Morgan Chase Bank 

K

Korea Exchange Bank

L

Land Bank of the Philippines 

M

Malayan Bank Savings and Mortgage Bank
Maybank Philippines, Inc. *
Mega International Commercial Bank
Metropolitan Bank & Trust Co. 
Mizuho Corporate Bank, Ltd.

P

Philippine Bank of Communications
Philippine Business Bank
Philippine National Bank 
Philippine Savings Bank
Philippine Trust Co.
Philippine Veterans Bank 
Planters Development Bank

Q

Queen City Development bank

R

Rizal Commercial Banking Corp. (RCBC)
RCBC Capital Corporation
RCBC Savings Bank, Inc. 
Robinsons Bank Corporation

S

Security Bank Corp.
Standard Chartered Bank  

T

The Real Bank

U

Union Bank of the Philippines 
United Coconut Planters Bank (UCPB)
UCPB Savings Bank

W

World Partner’s Bank (A Thrift Bank)

Source: http://www.philippines.embassy.gov.au/mnla/DIAC090313.html