SWIFT/BIC codes in Taiwan: banks starting with M

Finding a SWIFT code in Taiwan

Our directory covers 369 banks and financial institutions in Taiwan, with 1889 SWIFT/BIC codes in total. You need a SWIFT/BIC code mainly when making international transfers and for payments in a foreign currency.

Each bank is listed with its own page with its main code and if there are any, codes for branches and departments. The sections below covers the structure of the codes, what transfers cost and how to avoid mistakes.

SWIFT transfers to Taiwan

Because Taiwan does not belong to SEPA, an international payment is usually sent as a SWIFT payment. That means the payment always needs the SWIFT/BIC code of the recipient’s bank in addition to the account details.

Not every country uses IBAN numbers – where there is none, the local account number is enough. Check with the recipient which details their bank requires for incoming international payments; banks often publish instructions for this. On the way to Taiwan, a transfer can go through intermediary banks that take a fee.

Banks in Taiwan beginning with the letter :letter

You are looking at a selection: just banks in Taiwan whose name begins with :letter. The figures for Taiwan mentioned here apply to all 369 banks, not just the ones under :letter.

If the bank you need does not appear under :letter, check another letter: banks are often registered under their full legal name. Use the full list for Taiwan if you are not sure the exact name.

Verifying a SWIFT code from Taiwan

Ask the recipient to send you their bank details directly from their banking app. If the code you have differs from the code listed here, do not guess: check with the recipient or the bank.

Our SWIFT/BIC directory is based on public sources that we update periodically. Still, banks merge or retire codes, so information can be out of date. Treat this list as a reference, not as the final word; the recipient’s bank details are leading. GoldexPay is an independent comparison site and has no link to the banks in this list.

Scammers often use fake invoices carrying changed bank details from what looks like a familiar address. A valid BIC tells you nothing about whether a request is genuine.

Hua Nan Commercial Bank, LTD. and its SWIFT codes

Of all banks in Taiwan, Hua Nan Commercial Bank, LTD. is listed with the most codes. The head office of Hua Nan Commercial Bank, LTD. has HNBKTWTPXXX and that code covers most payments.

How many codes a bank has tells you something about how it registers branches and services than about its size. Paying someone at Hua Nan Commercial Bank, LTD.? Use HNBKTWTPXXX except when the recipient gives you a branch code.

Transfer times to Taiwan

There is no single answer for transfers to Taiwan: many land the same day or the next while others need several business days. Public holidays in either country add extra days.

If the money seems delayed, the sender should contact their own bank; only the sending side can start an official trace. Specialist transfer services often provide a status online so you can follow the payment.

Recognising a SWIFT code from Taiwan

A BIC is 8 or 11 characters long. First comes four letters for the bank, followed by a two-letter country code and two characters for the location.

For banks in Taiwan, characters five and six show the ISO country code of Taiwan – that is the quickest way to spot one. Codes with other letters in that position come from another country – a quick way to catch mistakes.

The optional last three characters identify a branch or department; XXX means the head office. In most cases the head office code is what you need, unless the recipient gives you a branch code.

Bank or transfer service for Taiwan?

A bank transfer to Taiwan can cost more than the fee suggests. You pay the transfer fee, possibly charges from intermediary banks along the way and, most importantly, the margin on the exchange rate if the money is converted.

That exchange rate margin is often the largest cost item because it is hidden in the rate. An easy check: put the offered rate against the mid-market rate and work out the difference on your amount.

For many currency pairs, a specialist provider is less expensive than a traditional bank transfer. GoldexPay compares these providers next to each other so you can see what actually arrives in Taiwan.

Receiving money in Taiwan from abroad

Someone abroad who wants to pay you will ask for a few details from you, and missing ones are a common cause of delays. That means: your full name as your bank knows it, your account number or IBAN, the SWIFT/BIC code of your bank and usually your address.

The code of your bank is in our list. Certain banks may also ask for your bank’s address; it does no harm to include it.

Do not be surprised if the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee, and when currencies differ, an exchange rate margin applies. Agree with the sender who covers the fees before the money is sent.