SWIFT/BIC codes in Taiwan: banks starting with O

Taiwan: banks and their SWIFT/BIC codes

Our directory covers 369 banks and financial institutions in Taiwan. Every code identifies an institution or one of its branches.

Select a bank from the list to view the head office code and any branch codes, plus practical notes for sending and receiving money. The sections below covers how the codes work, what transfers cost and the checks worth doing before a payment.

SWIFT transfers to Taiwan

Taiwan is outside the SEPA area. Payments from abroad usually travel through the SWIFT network.

Not all countries use IBAN numbers; in that case the local account number is used instead. The receiving bank often has a list of required details for incoming international payments, and it is worth following them to the letter. Before it arrives, a payment may pass through correspondent banks that charge for their part.

What a transfer to Taiwan really costs

A bank transfer to Taiwan often costs rather more than the fee suggests. On top of the fee, correspondent banks may take a cut and, if currencies are converted, the bank often uses a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee – the bank builds a margin into its rate. An easy check: set the rate you get against the mid-market rate and work out the difference on your amount.

Specialist money transfer services often offer a rate near the mid-market rate. GoldexPay lists these providers next to each other, showing the amount that reaches the recipient before you commit.

Transfer times to Taiwan

An international transfer to Taiwan typically needs anywhere from one to several business days. Public holidays in either country can add a day or more to the journey.

If a transfer is late, the sender should contact the sending bank and ask for the status or the UETR. Keep your transfer receipt until the money has arrived – you will need it if something goes wrong.

Which bank in Taiwan has the most codes?

Among the 369 institutions we list, Hua Nan Commercial Bank, LTD. has the most SWIFT/BIC codes in Taiwan. The head office uses HNBKTWTPXXX, which is the code to use when no branch is specified.

A large number of codes often means that the bank registers branches and departments separately – it says nothing about the size of the bank as such. Making a payment to Hua Nan Commercial Bank, LTD.? Go with HNBKTWTPXXX except when the recipient gives you a branch code.

Incoming international payments in Taiwan

A sender in another country needs a few details about your account, and missing ones are a common cause of delays. Share your name as registered with the bank, the IBAN or account number, the BIC of your bank and your address.

Your bank’s code is in the list on this page, yet the version on your own statement or in your banking app is leading. You can include your bank’s name and city, since some payment forms ask for it.

Expect that the incoming amount is smaller than what the sender paid. Charges on incoming payments vary per bank – your bank’s price list tells you what applies. For business payments, agree how the fees are split.

What the letters in a Taiwan BIC mean

A SWIFT code is 8 or 11 characters long. Characters one to four identify the bank, the fifth and sixth characters form the country code and characters seven and eight give the location.

In every code from Taiwan, letters five and six show the ISO country code of Taiwan, which makes these codes easy to recognise. If the country letters do not match Taiwan, the code belongs to a bank in another country – worth double-checking.

The optional last three characters stand for a branch or department; XXX means the head office. In most cases the head office code is fine.

Banks in Taiwan beginning with the letter :letter

This page shows only banks in Taiwan whose name starts with :letter. The figures for Taiwan on this page apply to all 369 banks and not only this letter.

If a bank is missing here, check another letter – the registered name can differ from the name people use. Use the full list for Taiwan when you do not know how the name is spelled.

Check the code before you pay

The most reliable place for the correct BIC is a document from the bank itself. If the code you have does not match the code listed here, stop and ask.

Our SWIFT/BIC directory is compiled from publicly available sources. Still, banks merge, rename themselves or retire codes, so information can be out of date. Treat our data as a starting point rather than the last word. GoldexPay is an independent comparison site and has no link to the banks in this list.

Watch out for payment requests containing changed bank details. Before paying, confirm changed details by phone, using a number you already had.