Land Bank of Taiwan SWIFT/BIC code

Land Bank of Taiwan SWIFT code: LBOTTWTP

The 8-character code LBOTTWTP and the 11-character code LBOTTWTPXXX refer to the same bank: Land Bank of Taiwan in Taipei, Taiwan. A BIC does one job: it ensures that a cross-border transfer reaches the right bank. In daily life you mostly see it on international invoices, in your banking app and in the bank details of Land Bank of Taiwan customers.

Further down we go through the practical questions: receiving money at Land Bank of Taiwan, sending money abroad and how to verify the code before you confirm a payment. The SWIFT code on its own cannot identify a personal account; that is what the IBAN or account number .

Land Bank of Taiwan: head office code versus branch codes

Land Bank of Taiwan has 124 different SWIFT/BIC codes across 32 locations. Only one is the head office code; the others identify branches, and sometimes specific services.

If nobody asks you for a branch code, use LBOTTWTPXXX or its short form LBOTTWTP. Just use a branch code when the recipient gives you that exact code, for example on a letter or invoice.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes can change over time.

International transfers from Land Bank of Taiwan: the real cost

A bank transfer abroad costs rather more than the fee suggests. There is the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup.

Most of the cost usually sits in the exchange rate, rather than in the fee: the bank converts using an exchange rate that includes a margin. An easy check: set the rate you get next to the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service is cheaper than a bank – mostly thanks to the rate. Before your next transfer, take a minute comparing the total cost on GoldexPay. Choosing a specialist does not mean closing your account at Land Bank of Taiwan: you simply pay the service from your account.

Incoming international payments to Land Bank of Taiwan

If you expect money from abroad, send the payer all details at once. Give them your name as the bank knows it, your account number or IBAN, the BIC LBOTTWTPXXX and your address.

Some banks want the bank’s address, so keep it at hand. Check the details before you send them, because the sender’s bank usually copies them as is.

Do not be surprised if the incoming amount is smaller than what the sender paid. Intermediary banks may deduct a fee, and if the currency changes, a markup on the rate comes on top. Make clear with the sender who covers the fees.

Tracking a transfer to or from Land Bank of Taiwan

How fast a payment reaches Land Bank of Taiwan depends on a few things: which currency you send, 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 usually start a business day later. Sometimes a bank asks what the payment is for.

A growing number of banks use SWIFT gpi. Every payment gets a unique reference, the UETR that banks can use to trace it. Save the payment confirmation; it contains the details a bank needs to start a trace.

A missing payment is traced from the sending side on the basis of the transfer details. Ask the sender for the payment receipt – it helps your own bank look for the money.

Why Land Bank of Taiwan has an 8- and an 11-character code

A SWIFT code is made up of fixed blocks: the first four letters stand for the bank, the next two show the country and the two after that indicate the location. In this case, the 8-character core is LBOTTWTP.

XXX at the end of LBOTTWTPXXX is not a placeholder or an error: it stands for the main office of Land Bank of Taiwan. Some banking apps ask for 11 characters, and then you can enter XXX behind LBOTTWTP.

In practice the code is written in capitals, without spaces or dashes. Look out for the letter O and the digit 0 and I versus 1; they are easy to mix up.

About this information

The directory on GoldexPay is based on publicly available sources. Even so, banks merge, rename themselves or retire codes and our data may lag behind. The figures on this page reflect our own data and not on information from Land Bank of Taiwan itself.

Use this page as a reference, not as the last word. We are a comparison site for money transfers and not affiliated with Land Bank of Taiwan. Found an error? Let us know via our contact form.

Verifying the SWIFT code of Land Bank of Taiwan

Have the recipient copy the bank details straight from their online banking. Compare it against LBOTTWTP on this page.

An incorrect BIC may lead to delays, a payment being sent back or extra fees for investigation. A mistake in the IBAN or account number can be a bigger problem; check it just as carefully.

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 on the recipient adds an extra layer of safety. Sending a small amount first can be worth it for large sums despite the extra fee.

Protect yourself against fake payment requests

A common scam goes like this: you receive a message claiming that a contact has a new bank account and that the next payment should go there. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Always verify a change of bank details by phone on a number you know, not one from the message. Pressure or requests to keep it quiet are red flags; a genuine business can wait for you to check. If a payment has already gone to the wrong account, contact your bank immediately.

Fraud can also target the receiver: someone sends more than agreed and wants you to refund the extra via a different route. Wait until the money is actually in your account and check with Land Bank of Taiwan if anything seems off.