SWIFT/BIC code FORITWT1XXX
FORITWT1XXX belongs to Formosa Securities Co LTD in Taipei, Taiwan.
Code details
| SWIFT/BIC code | FORITWT1XXX |
|---|---|
| 8-character code | FORITWT1 |
| Branch code | XXX |
| Bank | Formosa Securities Co LTD |
| Branch | Head office |
| City | Taipei |
| Country | Taiwan |
How the Formosa Securities Co LTD SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- FORI Bank code
- 4 letters that identify the bank.
- TW Country code
- 2 letters for the country (ISO 3166).
- T1 Location code
- 2 characters for the city or region of the head office.
- XXX 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
What bank uses SWIFT/BIC code FORITWT1XXX?
FORITWT1XXX identifies the head office of Formosa Securities Co LTD in Taipei, Taiwan. Use it when a payment to Formosa Securities Co LTD does not need a specific branch.
What is the cheapest way to send money to Formosa Securities Co LTD in Taiwan?
Banks often add several percent to the exchange rate on top of a fee. Check what you receive in Taiwan with transfer services before you send – the difference can be large.
Are FORITWT1 and FORITWT1XXX the same code?
Yes, they are. FORITWT1 is the 8-character version of FORITWT1XXX. The XXX at the end only refers to the head office, so both will reach Formosa Securities Co LTD in Taipei.
How long does a transfer to Formosa Securities Co LTD take?
An international SWIFT transfer typically takes 1–5 business days, because of correspondent banks and time zones. Specialist transfer services are often faster and cheaper.
What do the letters in FORITWT1XXX mean?
FORI is the institution code of Formosa Securities Co LTD, TW is the ISO code of Taiwan, T1 is the location code and XXX marks the head office.
Which details do I need to send money to an account at Formosa Securities Co LTD?
You need the SWIFT/BIC code FORITWT1XXX, the account number or IBAN of the recipient, their full name and address. Taiwan is not part of SEPA, so always include the BIC.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.