Wire Transfers to Taiwan: Bank Code vs. SWIFT Code
When transferring funds in Taiwan, ensure you are using the correct code based on your transfer method:
1. Domestic Transfers (ATM / Local App) 👉 Use the 3-digit Bank Code
If you are already in Taiwan and transferring money locally via an ATM, online banking, or a local payment app, you only need the 3-digit Bank Code (e.g., 822 for CTBC Bank) and the recipient's account number.
If you are already in Taiwan and transferring money locally via an ATM, online banking, or a local payment app, you only need the 3-digit Bank Code (e.g., 822 for CTBC Bank) and the recipient's account number.
2. International Wire Transfers 👉 Use the SWIFT Code
When sending money from overseas to Taiwan, you must provide the 8-11 digit SWIFT Code. Additionally, Taiwanese banks usually require the recipient's name in English and the specific English branch name. It is highly recommended to confirm these details with the recipient.
When sending money from overseas to Taiwan, you must provide the 8-11 digit SWIFT Code. Additionally, Taiwanese banks usually require the recipient's name in English and the specific English branch name. It is highly recommended to confirm these details with the recipient.