SWIFT/BIC code BKTWTWTP050
BKTWTWTP050 belongs to Bank of Taiwan in Taipei, Taiwan.
Code details
| SWIFT/BIC code | BKTWTWTP050 |
|---|---|
| 8-character code | BKTWTWTP |
| Branch code | 050 |
| Bank | Bank of Taiwan |
| Branch | Sungchiang Branch |
| City | Taipei |
| Country | Taiwan |
How the Bank of Taiwan SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- BKTW Bank code
- 4 letters that identify the bank.
- TW Country code
- 2 letters for the country (ISO 3166).
- TP Location code
- 2 characters for the city or region of the head office.
- 050 Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which bank uses BIC BKTWTWTP050?
BKTWTWTP050 is the SWIFT/BIC code of Sungchiang Branch, part of Bank of Taiwan in Taipei, Taiwan. Only use it if the account is held at this specific branch.
What do I need to send money to an account at Bank of Taiwan?
You need the SWIFT/BIC code BKTWTWTP050, the IBAN or local account number of the recipientand the name of the account holder. Taiwan is not part of SEPA, so the BIC is required.
What is the cheapest way to send money to Bank of Taiwan in Taiwan?
Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive in Taiwan with specialist providers before you send.
How long does it take to send money to Bank of Taiwan?
An international SWIFT transfer typically takes 2–5 business days, because of intermediary banks and cut-off times. Specialist transfer services are often quicker than a bank.
Can I use BKTWTWTP instead of BKTWTWTP050?
BKTWTWTP points to the head office of Bank of Taiwan, while BKTWTWTP050 points to Sungchiang Branch. Most international transfers work with the head office code, but follow the instructions of the recipient if they mention BKTWTWTP050.
What does each part of BKTWTWTP050 mean?
BKTW is the bank code of Bank of Taiwan, TW is the ISO code of Taiwan, TP is the location code and 050 identifies the department Sungchiang Branch.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.