Taiwan Guide: Money
Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.
-
Banks in Taiwan
Opening an account and services
If you intend to stay in Taiwan long term, a bank account will be essential for all your financial needs. You will recognise some banks such as Citibank and HSBC, however be aware that the minimum amount needed to open an account in one of these banks is likely to be very large.
more -
Using your bank
Day to day use and tax rates
Banking in Taiwan is usually a straightforward affair. Internet banking has become more popular amongst local Taiwanese banks. As more international businesses look to settle in Taiwan, the increasing demand for English speaking personnel in banks is being met.
more -
Currency, transfers & exchange rates
Transferring money to and from Taiwan
Taiwan’s currency is the New Taiwan Dollar, more commonly known as the NT$, but also as NT, TWD or NTD. Exchanging and transferring money will always have its price, but if you know where to go, you can reduce the costs.
more
