Citibank Taiwan Limited SWIFT/BIC code

What CITITW2X means for a payment to Citibank Taiwan Limited

The 8-character code CITITW2X and the 11-character code CITITW2XXXX refer to the same bank: Citibank Taiwan Limited in Taipei, Taiwan. A SWIFT code tells the sending bank exactly which bank should receive the money, a bit like a postal address for banks. It comes up mainly for payments that cross a border.

We wrote this page to help anyone who pays into an account at Citibank Taiwan Limited. The BIC names an institution, never a single account, which is why you always need the account number too.

Protect yourself against fake payment requests

Fraudsters often use fake invoices containing new bank details, sometimes in an email that looks completely genuine. That CITITW2X is a real code does not mean that the account is genuine – fraudsters use real bank codes as well.

Never trust a phone number in the same message that contains the new account. Watch out for urgent requests, odd spelling or a sender address that is slightly off. Already paid? Contact your bank straight away and have them try to recall the payment and report the fraud.

Scams also work the other way. Someone claims to have sent more than agreed and asks you to refund the difference. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

CITITW2X or CITITW2XXXX – which one to use?

The layout of a BIC never changes: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. The result is CITITW2X.

XXX at the end of CITITW2XXXX does not stand for a missing value or a mistake: it indicates the main office of Citibank Taiwan Limited. Some forms insist on 11 characters, and then you simply add XXX behind CITITW2X.

Type the code in one piece, in upper case and without separators, exactly as shown here. Watch for the letter O and the digit 0 and I versus 1; they are easy to mix up.

When will the money arrive at Citibank Taiwan Limited?

A SWIFT payment typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country add extra days to the journey. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR that banks can use to trace it. Money transfer services usually provide a status in their app so you can see how far the payment is.

The bank that sent the money is able to start an official trace or a recall; the receiving side usually has nothing to trace yet. On the receiving end, you can check your account to see a slightly lower amount because fees can reduce the amount.

Receiving money from abroad at Citibank Taiwan Limited

To receive an international payment into your account at Citibank Taiwan Limited, the sender needs more than the SWIFT code. In practice that means: your name as registered with Citibank Taiwan Limited, your account number or IBAN, the SWIFT/BIC code CITITW2XXXX and usually your address.

You can add Citibank Taiwan Limited and Taipei too. A typo in the IBAN is more trouble than it looks.

What lands in your account is often lower than what was sent. Charges on incoming payments differ per bank. Agree with the sender who pays which costs, especially for larger amounts.

Where our SWIFT data comes from

We collect bank codes from public sources and check them from time to time. Still, banks merge, rename themselves or retire codes, so information can be out of date. Figures such as the number of codes come from our directory and are not confirmed by Citibank Taiwan Limited.

See our directory here as a handy check. GoldexPay is a comparison site for money transfers and not affiliated with Citibank Taiwan Limited. If you notice something that is out of date, we appreciate a message via the contact page.

Choosing between the 2 SWIFT codes of Citibank Taiwan Limited

With 2 codes, Citibank Taiwan Limited belongs to the banks that register separate codes for branches and departments. The head office code remains CITITW2XXXX.

In most cases there is no need to pick a branch: payments addressed to CITITW2XXXX are routed within Citibank Taiwan Limited correctly. A branch code only makes sense if the recipient’s bank specifically asks for it, which is more common for corporate accounts and trade services.

If you are not sure, ask the person you are paying which code their bank gave them. Codes can change over time, so do not rely on old paperwork.

How to check CITITW2X before you pay

The most reliable source for the BIC is the bank details provided by the recipient. If the code you have does not match CITITW2X or CITITW2XXXX, do not guess – contact the recipient or Citibank Taiwan Limited.

Mistakes in the BIC are annoying rather than fatal: often the payment comes back, minus fees. Remember the IBAN: an error there can be more difficult to correct than a wrong BIC.

A format check by your bank merely confirms that the code is valid – not that it belongs to the person you mean to pay. Where available, a name check before sending adds extra certainty. A small test payment can be a sensible step for a large first payment despite the extra fee.

Paying someone abroad from your Citibank Taiwan Limited account

An international bank payment costs rather more than the fee suggests. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the exchange rate markup.

Banks rarely show the margin on the rate separately. An easy check: set the bank’s rate against the mid-market rate and work out the difference on your amount.

For many routes, a specialist provider turns out to be less expensive than a bank – mostly thanks to the rate. GoldexPay compares what recipients receive across services. Choosing a specialist does not require closing your account at Citibank Taiwan Limited – you pay the provider from your own account.