Cathay Life Insurance Co., LTD SWIFT/BIC code

CTHYTWTP – the SWIFT/BIC code of Cathay Life Insurance Co., LTD

If an invoice shows CTHYTWTP or CTHYTWTPXXX, you are looking at the same identifier for Cathay Life Insurance Co., LTD in Taiwan. The code has a single purpose: it makes sure that money from abroad reaches the right bank. In practice you mostly come across it on invoices from abroad, in payment forms and on the account details of Cathay Life Insurance Co., LTD customers.

On this page you will find how the code means, when it matters and what else you need for a transfer to or from Cathay Life Insurance Co., LTD. Keep in mind that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Protect yourself against fake payment requests

A common scam goes like this: an email arrives with a request saying that a company has a new bank account and asking you to pay there from now on. The fact that CTHYTWTP exists is no guarantee that a request mentioning it is genuine – fraudsters use real bank codes as well.

Always confirm a change of bank details through a phone call. Urgency or secrecy are red flags – a real supplier can wait a day. Acted too fast? Call your bank without delay and have them start a recall.

Fraud can also target the receiver: someone sends more than agreed and wants you to refund the extra. Do not act before the money is actually in your account.

Transfer times and tracking a payment to Cathay Life Insurance Co., LTD

How fast a transfer reaches Cathay Life Insurance Co., LTD is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in the sending or receiving country add a day or more, since banks do not process on those days. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

If a transfer is delayed, contact your bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services often show a status online so you can see where the money is.

A missing payment has to be traced from the sending side on the basis of the transfer details. As a recipient, it helps to check your account for a partial amount, since fees may have been deducted.

Where our SWIFT data comes from

The codes here come from public sources that we update regularly. Banks merge, change names and retire codes – a directory can be a step behind. Counts and locations are from our own dataset and are not confirmed by Cathay Life Insurance Co., LTD.

See our directory on this page as a helpful check, and let the details from the recipient or Cathay Life Insurance Co., LTD have the final say. GoldexPay is not affiliated with Cathay Life Insurance Co., LTD; we are a comparison site for money transfers. Spotted an error? Let us know through the contact page.

CTHYTWTP or CTHYTWTPXXX – which one to use?

The structure of every SWIFT code never changes: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. The result is CTHYTWTP for Cathay Life Insurance Co., LTD.

Many banks and apps accept either length. If yours asks for eleven characters, enter CTHYTWTPXXX.

Do not add spaces or dashes when you enter CTHYTWTP or CTHYTWTPXXX. Copying the code is safer than typing it by hand: a typo can point to another bank.

What a transfer from Cathay Life Insurance Co., LTD abroad really costs

The price of an international transfer has more than one component – not just the fee on your screen. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the margin on the exchange rate.

Banks do not show their exchange rate markup separately. Check their rate with the mid-market rate. The difference is your real conversion cost.

Specialist money transfer services often use a rate near the mid-market rate and lower fees. GoldexPay compares these services side by side so you can see the amount the recipient gets for the same amount sent. Choosing a specialist does not require leaving Cathay Life Insurance Co., LTD – you pay the provider from your own account.

How to check CTHYTWTP before you pay

The safest source for a SWIFT code is the bank details provided by the recipient. Compare that code against CTHYTWTP here and ask if anything does not match.

With a wrong code, the payment might be delayed, bounce back or cost extra – sometimes after weeks of searching. Remember the account number: a mistake there can be more difficult to correct than a wrong BIC.

A validity check by your bank only tells you that the code is valid, not that it is the right account. More and more banks compare the payee name against the account before you confirm – do not ignore a mismatch warning. For a first payment, many people start with a small test amount before sending the rest.

Choosing between the 3 SWIFT codes of Cathay Life Insurance Co., LTD

Cathay Life Insurance Co., LTD uses 3 different SWIFT/BIC codes across 1 locations. One of them is the head office code; the others identify branches, and sometimes internal departments.

For the vast majority of incoming transfers, the head office code CTHYTWTPXXX works fine. When you receive a branch code, stick to it instead of replacing it with the head office code.

When in doubt, check with the recipient which code their bank gave them. Branch codes can change over time, so do not rely on old paperwork.

Incoming international payments to Cathay Life Insurance Co., LTD

When you expect a payment from another country, give the sender everything they need in one go. In practice that means: your full name exactly as it appears on the account, your IBAN or account number, the BIC CTHYTWTPXXX (or CTHYTWTP) and usually your address.

The sender’s bank may request the bank address of Cathay Life Insurance Co., LTD, in which case the Taipei head office is the usual answer. A typo in your account number can be harder to fix than you might think, so copy the details from your online banking.

What lands in your account can be less than what was sent. Intermediary banks may deduct a fee, and if the currency changes, an exchange rate margin comes on top. On invoices, you can state who bears the costs, so that nobody is left short.