Bank of Panhsin SWIFT/BIC code

SWIFT/BIC code of Bank of Panhsin

If an invoice shows BBBKTWTP or BBBKTWTPXXX, it is the identical address for Bank of Panhsin in Taiwan. A SWIFT code tells every bank in the chain exactly which bank should receive the money, much like a postcode for banks. It comes up mostly when dealing with transfers between countries.

On this page we explain what the code is put together, when it matters and which other details a transfer to or from Bank of Panhsin requires. The BIC identifies an institution, never a single account, which is why you always need the account number too.

Transfer times and tracking a payment to Bank of Panhsin

A SWIFT payment usually takes anywhere from one to several business days – it depends on currency, route and the banks in between. Payments made late in the day or just before a weekend or public holiday usually start the next business day. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer has to be investigated by the sending bank. As a recipient, it helps to look at your account to see a slightly lower amount because fees can reduce the amount.

Watch out for payment fraud

Fraudsters often send fake invoices with new bank details, sometimes in an email that looks completely genuine. A real SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Before paying, confirm changed bank details through a phone call on a number you know, not one from the message. Watch out for time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Call your bank straight away and ask them to start a recall; also report it to the police.

Fraud can also target the receiver: someone claims to have sent too much and asks you to refund the difference. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

BBBKTWTP or BBBKTWTPXXX – which one to use?

The layout of every SWIFT code is always the same: four characters for the institution, a two-letter country code and two for the location, plus an optional branch code. That gives you BBBKTWTP, the short form of the code.

XXX at the end of BBBKTWTPXXX does not stand for a missing value or an error: it indicates the head office of Bank of Panhsin. Some forms insist on 11 characters, and then you simply enter XXX behind BBBKTWTP.

Do not add spaces when you enter BBBKTWTP. Copying the code beats retyping it: a typo can point to another bank.

What a transfer from Bank of Panhsin abroad really costs

When you send money abroad through Bank of Panhsin, the fee you see is only part of what you pay. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup.

That exchange rate margin is often the largest item even though it is not listed as a fee. A simple test: put the bank’s rate against the mid-market rate and work out the difference on your amount.

For a lot of currency pairs, a transfer service is less expensive than a bank, mainly because of the exchange rate. GoldexPay lists these services side by side, showing the amount the recipient gets before you commit. You can still keep your account at Bank of Panhsin as the source of the money.

Head office or branch code at Bank of Panhsin?

Our directory lists 2 SWIFT/BIC codes for Bank of Panhsin, spread over 1 locations. Next to the head office code BBBKTWTPXXX, you will find codes for individual branches and departments.

In most cases you do not need to look up a branch: payments addressed to BBBKTWTPXXX reach Bank of Panhsin without problems. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

Not sure which code to use? Check with the recipient, or look at a recent statement from Bank of Panhsin. Codes are sometimes changed or retired over time, so a code from an old document is not always valid.

Receiving money from abroad at Bank of Panhsin

If you are waiting for money from abroad, give the sender everything they need in one go. That means: your full name as registered with Bank of Panhsin, your IBAN or account number, the SWIFT/BIC code BBBKTWTPXXX and usually your address.

The sender’s bank may also ask for the address of your bank. A mistake in the IBAN is harder to fix than you might think.

Expect that the amount credited is below the amount on the sender’s receipt. Charges on incoming payments differ from bank to bank; check the price list of Bank of Panhsin. For business payments, it is common to agree who bears the costs.

How up to date is this code?

The codes here come from publicly available data that we update regularly. Institutions merge, close branches and retire codes, and a directory never catches every change immediately. Counts and locations are from our directory.

Use our data as a reference, rather than as the final word: the recipient’s bank details come first. GoldexPay is not affiliated with Bank of Panhsin, we only compare transfer services. Spotted outdated information? Let us know through the contact page.

Before you send: check the Bank of Panhsin code

The most reliable place for the right code is paperwork issued by the bank, such as a statement or the account details in online banking. Compare that code with BBBKTWTP here and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a payment being sent back or additional charges along the way. A mistake in the account number can be a bigger problem, because the money may be credited to someone else.

An automatic check in your banking app only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Where available, a payee name check before sending adds extra certainty. When you pay someone new, many people start with a small test amount.