Ctbc Bank Co., LTD SWIFT/BIC code

SWIFT/BIC code of Ctbc Bank Co., LTD

CTCBTWTP and CTCBTWTPXXX are two ways of writing the same bank identifier, and both point to Ctbc Bank Co., LTD in Taipei. A SWIFT code tells the banks handling a payment which institution is meant to get the money. In practice you mostly see the code on international invoices, in payment forms and in the bank details of Ctbc Bank Co., LTD customers.

This page is meant to help anyone who sends money to an account at Ctbc Bank Co., LTD without mistakes. The BIC names a bank or branch, never a single account; the IBAN or account number does that.

A note on our data

This directory draws on public sources and we update it periodically. It can happen that information on this page is out of date. The figures we show are based on what is in our directory.

Before a payment that matters, check the code with Ctbc Bank Co., LTD or with the recipient. GoldexPay is a comparison site for money transfers and not part of Ctbc Bank Co., LTD. Should you notice something that is out of date, we appreciate a message.

Which of the 154 codes of Ctbc Bank Co., LTD do you need?

Having 154 codes, Ctbc Bank Co., LTD belongs to the banks that register separate codes for branches. The head office code remains CTCBTWTPXXX.

Usually there is no need to look up a branch: payments addressed to CTCBTWTPXXX are routed within Ctbc Bank Co., LTD without problems. A branch code only makes sense when the account holder explicitly mentions it, which is more common for corporate accounts and specialised services.

Not sure which code to use? Check with the recipient or the bank itself. Codes for branches are more prone to be retired than the head office code.

When will the money arrive at Ctbc Bank Co., LTD?

A SWIFT payment usually needs one to a few business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before a weekend or public holiday often start the next business day. Sometimes a bank asks what the payment is for.

If a transfer is delayed, ask your bank for the status and the transaction reference; with that reference banks can see where the payment is. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

Only the sending bank is able to start an official trace. As a recipient, it helps to look at your statements for a partial amount.

Why Ctbc Bank Co., LTD has an 8- and an 11-character code

Each SWIFT/BIC code has the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. The result is CTCBTWTP.

Most payment forms accept both lengths. If a form asks for eleven characters, enter CTCBTWTPXXX.

In practice the code is typed in capitals. Copying the code is safer than typing it by hand.

How to check CTCBTWTP before you pay

The most reliable place for the correct BIC is a document from the bank itself like a bank statement or the account page in online banking. Check that code with CTCBTWTP here; if they differ, ask before you pay.

If the code is wrong, the payment may be delayed, bounce back or cost extra – sometimes after weeks of searching. Do not forget the account number: an error there can be harder to undo than a wrong BIC.

An automatic check by your bank merely confirms that the IBAN is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient gives extra certainty. A small test payment is a sensible step for a large first payment despite the extra fee.

Changed bank details? Be careful

Criminals often use payment requests containing new bank details, sometimes in an email that looks completely genuine. A real SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Always verify changed bank details through a phone call on a number you know, not one from the message. Watch out for time pressure, unusual wording or a sender address that is slightly off. When a payment has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Scams can also target the receiver: someone claims to have sent more than agreed and asks you to refund the difference via a different route. Wait until the money has really arrived – ask Ctbc Bank Co., LTD if something looks wrong.

International transfers from Ctbc Bank Co., LTD: the real cost

An international bank payment costs more than the fee suggests. You pay the transfer fee, possibly fees charged by intermediary banks in between and, above all, the exchange rate markup when the money is converted.

Many banks do not list the margin on the rate as a cost – you only notice it if you compare. Check the rate you are offered against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service turns out to be cheaper than a bank, mainly because of the exchange rate. GoldexPay compares what recipients receive across services. You can always keep your account at Ctbc Bank Co., LTD as the source of the money; only the conversion and sending happen elsewhere.

Receiving money from abroad at Ctbc Bank Co., LTD

When you are waiting for money from abroad, send the payer a complete set of details. That means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code CTCBTWTPXXX and, often, your address.

It helps to add Ctbc Bank Co., LTD and Taipei too, because some payment forms have separate fields for them. Check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often lower than what was sent. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. Make clear with the sender who pays which costs before the money is sent.