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Banking in Taiwan - ESL Teachers


BANKING IN TAIWAN

Date Modified: 01.16.2007
Content: TAIWAN BANKING Bank accounts in Tawian

 

 

Who can open a bank account in Taiwan?

Anyone holding a valid passport with more than 100NT dollars can open a bank account in Taiwan.

 

Where can a foreigner open a bank account in Taiwan?

Almost all banks in Taiwan allow foreigners to open savings accounts. For a list of some of the major banks in Taiwan click here.

 

What time are the banks open in Taiwan?

Most banks open at 10am and close at 3:30pm.

 

Can I send money to my home country?

Yes. You can wire money from Taiwan to almost any country. You can transfer the funds in your chosen currency whether it be Taiwanese dollars or American dollars to your account in your home country or to any beneficiary you state on the form.

 

Can I exchange money?

Yes. Most banks exchange foreign currencies at reasonable rates. However, if you need RMB (Chinese Yuan) you must acquire it outside of Taiwan. It is recommended that you purchase US dollars and then change it in Hong Kong or any major city outside of Taiwan.

 

Will I be given Cheques?

No. You will not be able to use cheques in Taiwan.

 

Will I be given an ATM card?

Yes. Upon request you will be given an ATM card. Don't forget to request a "Cirrus" or "Plus" card so you will be able to withdraw money from ATM machines outside of Taiwan.

 

How much can I withdrawal from ATM machines in Taiwan?

Most banks allow their customers to withdrawal between 90,000NT dollars to 150,000NT dollars per day from their own ATM machines. If you were to withdrawal from a competitors machine you will be able to withdrawal up to 60,000NT dollars.

 

Is there a fee to use ATM machines in Taiwan?

Yes. Most banks charge 5-7NT dollars per withdrawal if you use a competitor's bank. However, most banks allow free withdrawals from their own ATM machines.

 

Can I collect interest?

Yes.

 

Do bank tellers speak English in Taiwan?

Chances are, yes. At least one employee of each bank will speak English. In major cities and at major banks most employee's will have a sufficient English level to provide services in English.

 

Can I get a Taiwanese credit card?

Maybe. If you have a Taiwanese friend that will co-sign you chances greatly improve. You may also be able to obtain one with only an ARC.

 

Do they have direct deposit?

Yes. Most banks allow the direct deposit of your pay cheque by your school or employer.

 

 

BANKS IN TAIWAN


Bank Sinopac
Address: 4 Zhong Xiao Si Road Sec 1. Taipei, TAIWAN
Phone: +886 2 2508 2288
Fax: +886 2 2508 8701
Web: http://www.banksinopac.com.tw/

Chang Hwa Commercial Bank Limited
Address: 38 Tsu Yu Road Sec 2. Taichung, TAIWAN
Phone: +886 4 2222 2001
Fax: +886 2 2223 1297
Web: http://www.chb.com.tw

CHIAO TUNG BANK COMPANY LIMITED
Address: 91 Heng Yang Road. Taipei, TAIWAN 100
Phone: +886 2 2361 3000
Fax: +886 2 2311 3263
Web: http://www.ctnbank.com.tw/

China Development Industrial Bank
Address: 125 Nanking East Road Section 5. Taipei, TAIWAN 105
Phone: +886 2 27638800
Fax: +886 2 27686060
Web: http://www.cdibank.com/

Farmers Bank OF China (the)
Address: 85 Nanking East Road Sec 2. Taipei City, TAIWAN
Phone: +886 2100 3456
Fax: +886 2 2542 8344
Web: http://www.farmerbank.com.tw

FIRST COMMERCIAL BANK COMPANY LIMITED
Address: 30 Chung King South Road Section 1. Taipei, TAIWAN
Phone: +886 2 2348 1111
Fax: +886 2 2361 0036
Web: http://www.firstbank.com.tw/

Hsinchu International Bank
Address: No 106 Chungyang Road. Hsinchu City, TAIWAN
Phone: +886 3 524 5141
Fax: +886 3 525 0977
Web: http://www.hibank.com.tw

International Bank of Taipei
Address: 36 Nanking East Road Sec 3. Taipei, TAIWAN
Phone: +886 2 2506 3333
Fax: +886 2 2506 1290
Web: http://www.ibtpe.com.tw

INTERNATIONAL COMMERCIAL BANK OF CHINA (THE)
Address:100 Chi-Lin Road. Taipei, TAIWAN 104
Phone: +886 2 2563 3156
Fax: +886 2 2561 1216
Web: http://www.icbc.com.tw/

KAOHSIUNG BUSINESS BANK
Address: 87 Chung Chen Road Sec 4. Kaoshiung, TAIWAN
Phone: +886 7 2613030
Fax: +886 7 2913423
Web: http://www.kbb.com.tw/

Taichung Commercial Bank Company Limited
Address: No 45 Min-Tsu Road. Taichung, TAIWAN
Phone: +886 4 2223 6021
Fax: +886 4 2227 0138
Web: http://www.tcbbank.com.tw

Tainan Business Bank
Address: 506 Sec 1 Shi-Men Road. Tainan, TAIWAN
Phone: +886 213 9171
Fax: +886 213 0895
Web: http://www.tnb.com.tw

Taishin International Bank
Address: No 44 Chung Shan Rd Sec. Taipei, TAIWAN
Phone: +886 2568 3988
Fax: +886 02 25111987
Web: http://www.taishinbank.com.tw/

Taitung Business Bank
Address: No 362 Chungshan Road. Taitung City, TAIWAN
Phone: +886 89 331 191
Fax: +886 89 331 194
Web: http://www.ttbb.com.tw

 

 

 

 

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