Bank Sinopac SWIFT/BIC code

SINOTWTP – the SWIFT/BIC code of Bank Sinopac

SINOTWTP and SINOTWTPXXX are two ways of writing the same SWIFT/BIC code, and both point to Bank Sinopac in Taipei. The code does one job: it makes sure that an international payment ends up at the right bank. It comes up mainly when dealing with transfers between countries or a currency.

Further down you will find the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you hit send. A SWIFT code identifies a bank or branch, never a specific account.

Tracking a transfer to or from Bank Sinopac

How fast a transfer reaches Bank Sinopac is determined by a few things: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Transfers sent after the cut-off time or on a weekend or public holiday often go out a business day later. Occasionally a bank asks what the payment is for before releasing it.

If the money seems delayed, contact the sending bank about the tracking status and the transaction reference so they can trace it along the chain. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the sender needs to start with their own bank, not the receiving bank. As a recipient, you can check your account to see a partial amount, since fees may have been deducted.

What a transfer from Bank Sinopac abroad really costs

If you transfer money abroad via Bank Sinopac, the visible fee is only part of what you pay. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the margin on the exchange rate if the currency changes.

The real cost is often in the rate, not in the fee: the bank converts using an exchange rate that includes a margin. Compare the rate you are offered against the mid-market rate. The difference is your real conversion cost.

Specialised transfer providers frequently offer rates closer to the mid-market rate. GoldexPay compares the amount that arrives across services, which makes the cheapest option easy to spot. Using a transfer service does not mean closing your account at Bank Sinopac.

8 or 11 characters: SINOTWTP versus SINOTWTPXXX

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. In this case, that core is SINOTWTP.

Most payment forms work with both lengths. If yours requires eleven characters, enter SINOTWTPXXX.

Enter the code in one piece, in capitals and without separators, exactly as shown here. A single character may route the money to another bank.

What to give a sender who pays you at Bank Sinopac

To receive an international payment into your account at Bank Sinopac, the sender has to have more than the BIC. What they need is: the account holder’s name, IBAN or account number, SINOTWTPXXX and in many cases your home address.

You can add Bank Sinopac and its city too, because some payment forms have separate fields for them. Double-check every detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment will not always land for the full amount. Fees for incoming transfers vary per bank – the price list of Bank Sinopac tells you what applies. Make clear with the sender who covers the fees, especially for larger amounts.

Choosing between the 15 SWIFT codes of Bank Sinopac

We have 15 SWIFT/BIC codes for Bank Sinopac in 7 cities. Next to the head office code SINOTWTPXXX, there are codes for individual branches and departments.

Unless the recipient tells you otherwise, use SINOTWTPXXX. A branch code only makes sense if the account holder specifically asks for it.

Unsure which code applies? Ask the recipient or the bank itself. Codes for branches are more prone to be retired than the head office code.

Where our SWIFT data comes from

The details on this page are taken from publicly available data that we update regularly. Even so, banks merge or change codes. The number of codes on this page reflect what is in our directory, not official figures from Bank Sinopac.

See the information here as a helpful check, and let the details from the recipient or Bank Sinopac have the final say. GoldexPay is independent of Bank Sinopac, we only compare transfer services. Found an error? Let us know through the contact page so we can correct it.

Is SINOTWTP still correct? How to check

Have the recipient send you their account details directly from their online banking. If the code you have differs from SINOTWTP or SINOTWTPXXX, do not guess – contact the recipient or Bank Sinopac.

Mistakes in the SWIFT code tend to be costly more than disastrous. Remember the IBAN: an error there can be more difficult to correct than a wrong BIC.

An automatic check by your bank merely tells you that the IBAN exists. Some banks now compare the name with the account before you confirm; take any warning seriously. A small test payment is worth it for large sums despite the extra fee.

Changed bank details? Be careful

Scammers often send payment requests containing changed bank details. That SINOTWTP is a real code does not mean that a request mentioning it is genuine; criminals use the codes of real banks too.

Always verify a change of bank details through a phone call on a number you know, not one from the message. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. If a payment was sent to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams can also work the other way. Someone sends more than agreed and asks you to return the difference to a new account. Wait until the money is actually in your account.