Taiwan Cooperative Bank SWIFT/BIC code

SWIFT/BIC code of Taiwan Cooperative Bank

TACBCNBS and TACBCNBSXXX are two spellings of the same bank identifier, and both point to Taiwan Cooperative Bank in Suzhou. Banks worldwide use BIC codes to direct payments between countries to the right institution. In practice you usually see it on international invoices, in your banking app and in the bank details that Taiwan Cooperative Bank provides.

This page is meant to help people who pays into an account at Taiwan Cooperative Bank without mistakes. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN takes care of that.

Scams that use SWIFT codes

One of the most common tricks goes like this: you receive a request saying that a company now has a new bank account and that the next payment should go there. That TACBCNBS is a real code is no guarantee that the account is legitimate.

Do not rely on contact details in the same message that announces the new account. Watch out for time pressure, odd spelling or a sender address that is slightly off. Already paid? Contact your bank without delay and have them start a recall; also report it to the police.

People receiving money are targeted too: a classic trick is an overpayment followed by a request to refund the difference to another account. Wait until the money is actually in your account and check with Taiwan Cooperative Bank if anything seems off.

A note on our data

We collect bank codes using public sources and check our list regularly. It can happen that a code on this page is no longer current. Figures such as the number of codes are from our directory and are not confirmed by Taiwan Cooperative Bank.

For a payment of any size, confirm the BIC with Taiwan Cooperative Bank or with the recipient. GoldexPay is independent of Taiwan Cooperative Bank, we only compare transfer services. Found outdated information? Tell us through the contact page and we will look into it.

Verifying the SWIFT code of Taiwan Cooperative Bank

Ask the recipient to send you their bank details straight from a recent statement. If the code you have does not match TACBCNBS or TACBCNBSXXX, stop and ask: check with the recipient or with Taiwan Cooperative Bank directly.

With a wrong code, the payment may be delayed, be returned or cost extra – sometimes after weeks of searching. An error in the account number is more serious, so check that just as carefully.

Many banking apps validate the structure of IBANs. Where available, a payee name check on the recipient adds an extra layer of safety. A small test payment can be a sensible step for large sums, even if it costs an extra fee.

How long does an international transfer to Taiwan Cooperative Bank take?

There is no fixed delivery time: many arrive within a day while others need several business days. Bank holidays in either country add extra days. Sometimes a bank asks about the purpose of a payment before releasing it.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide tracking in their app so you can see where the money has got.

Only the sending bank is able to request a trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, it helps to look at your account for a partial amount because fees can reduce the amount.

Choosing between the 4 SWIFT codes of Taiwan Cooperative Bank

Having 4 codes, Taiwan Cooperative Bank is one of the banks that register individual codes for parts of the organisation. The head office code remains TACBCNBSXXX.

For the vast majority of payments to a private or business account, the head office code TACBCNBSXXX is what you need. Only use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

The best way is to copy the code straight from the account holder’s bank details. Branch codes are sometimes changed or retired over time.

Paying someone abroad from your Taiwan Cooperative Bank account

A bank transfer abroad can cost rather more than the listed fee. There is the transfer fee, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts at a rate with a margin built in. Compare their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many routes, a specialist provider turns out to be cheaper than a bank. On GoldexPay we compare the amount that arrives across services. Choosing a specialist does not mean closing your account at Taiwan Cooperative Bank.

What to give a sender who pays you at Taiwan Cooperative Bank

When you expect money from abroad, send the payer a complete set of details. Give them the account holder’s name, your account number or IBAN, the BIC TACBCNBSXXX and your address, which some banks require.

The sender’s bank may request the bank address of Taiwan Cooperative Bank, in which case the Suzhou head office is the usual answer. A mistake in your account number is harder to fix than you might think, so copy the details from your online banking.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Charges on incoming payments vary per bank – the price list of Taiwan Cooperative Bank tells you what applies. For business payments, it is common to state who bears the costs, so that nobody is left short.

Why Taiwan Cooperative Bank has an 8- and an 11-character code

A BIC is made up of a few fixed parts: the first four letters identify the bank, characters five and six show the country and characters seven and eight mark the location. For Taiwan Cooperative Bank, the 8-character core is TACBCNBS.

The full version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office, which is why TACBCNBSXXX and TACBCNBS lead to the same place.

Do not add spaces when you enter TACBCNBS. A single letter may route a payment to another bank, so check it twice.

Paying into Taiwan Cooperative Bank in CNY

Most accounts at Taiwan Cooperative Bank are typically held in CNY, the local currency of China. A payment in a foreign currency is converted into CNY before it reaches the account – and the bank that does it picks the rate. There is rarely a separate line for the conversion.

Which bank converts the payment makes a difference. Compare what CNY the recipient gets with different services.

Rates for CNY move during the day, and some providers let you lock in a rate. With bigger transfers, even seemingly small gap in the rate can be worth more than the fee.