Merrill Lynch Securities (Taiwan) Limited SWIFT/BIC code

SWIFT/BIC code of Merrill Lynch Securities (Taiwan) Limited

The short code MLTATWTX and the 11-character code MLTATWTXXXX refer to one and the same institution: Merrill Lynch Securities (Taiwan) Limited, with its head office in Taipei. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct bank. In daily life you usually come across it on international invoices, in payment forms and on the account details of Merrill Lynch Securities (Taiwan) Limited customers.

On this page you will find how the code is put together, when it matters and which other details a transfer to or from Merrill Lynch Securities (Taiwan) Limited requires. The SWIFT code on its own does not identify a personal account; that is what the IBAN or account number .

Paying someone abroad from your Merrill Lynch Securities (Taiwan) Limited account

The price of a payment abroad is made up of several parts – not just the fee on your screen. You pay the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate when the money is converted.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate with a margin built in. A simple test: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

Specialised transfer providers frequently offer a rate near the mid-market rate with clearer fees. On GoldexPay you can compare what recipients receive across providers. You can always use your account at Merrill Lynch Securities (Taiwan) Limited as the source of the money, while a cheaper service handles the conversion.

Changed bank details? Be careful

Stay alert when a contact suddenly asks you to send money to another account or a bank in another country. A valid SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Verify new payment details through a separate channel like a call to a number from an earlier contract, never via the email that asked for the change. Pressure or requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. If money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference to another account. A screenshot of a transfer is no proof.

8 or 11 characters: MLTATWTX versus MLTATWTXXXX

A BIC is made up of a few fixed parts: characters one to four stand for the bank, the next two show the country and the two after that mark the location. That gives you MLTATWTX for Merrill Lynch Securities (Taiwan) Limited.

The 11-character version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office, so MLTATWTXXXX and MLTATWTX are interchangeable.

As a rule the code is written in capitals, without spaces or dashes. Pasting the code beats typing it by hand, because one wrong letter changes the bank.

Which of the 2 codes of Merrill Lynch Securities (Taiwan) Limited do you need?

We have 2 SWIFT/BIC codes for Merrill Lynch Securities (Taiwan) Limited. Besides the head office code MLTATWTXXXX, you will find codes for individual branches and departments.

For most incoming transfers, the head office code MLTATWTXXXX is what you need. When you receive a branch code, stick to it instead of replacing it for the head office code.

The best way is to take the code directly from the recipient’s statement. Codes for branches are more prone to be retired than MLTATWTXXXX.

Receiving money from abroad at Merrill Lynch Securities (Taiwan) Limited

If you are waiting for a payment from another country, give the sender all details at once. The basics are: the account holder’s name, IBAN or account number, MLTATWTXXXX or MLTATWTX and in many cases your postal address.

Their bank might request the address of your bank. A mistake in the IBAN can be more trouble than you might think, so copy the details from your online banking.

Expect that the amount credited is below what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate applies. On invoices, it is common to agree who bears the costs to avoid a shortfall.

Is MLTATWTX still correct? How to check

Have the recipient copy their account details directly from their online banking. If the code you have does not match MLTATWTX or MLTATWTXXXX, do not guess – contact the recipient or Merrill Lynch Securities (Taiwan) Limited.

An incorrect BIC may lead to a delay, a returned payment or additional charges along the way. A mistake in the IBAN or account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

An automatic 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 name with the account – do not ignore a mismatch warning. For a first payment, many people send a small test amount.

Transfer times and tracking a payment to Merrill Lynch Securities (Taiwan) Limited

How quickly a transfer arrives at Merrill Lynch Securities (Taiwan) Limited depends on a few things: which currency you send, the number of banks in between, cut-off times and differences in time zone. Payments made after the cut-off time or just before a weekend or public holiday usually go out the next business day. Extra checks by one of the banks can also cause a delay, regardless of the details.

When a payment takes longer than expected, contact the sending bank for the tracking status or the UETR. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

A delayed transfer has to be traced by the sending bank, using the payment confirmation. As a recipient, it helps to check your account to see a partial amount because fees can reduce the amount.

About this information

The codes on this page come from publicly available data which we refresh regularly. Even so, banks merge or change codes, so information can be out of date. The number of codes on this page are based on our own data.

Treat our directory on this page as a handy check and rely on the recipient or Merrill Lynch Securities (Taiwan) Limited for the final confirmation. We are a comparison service and not part of Merrill Lynch Securities (Taiwan) Limited. If you notice a mistake, we welcome a short note.