O-Bank Co., LTD. SWIFT/BIC code

IBOTTWTP – the SWIFT/BIC code of O-Bank Co., LTD.

IBOTTWTP and IBOTTWTPXXX are the short and the long form of the same SWIFT/BIC code, and both point to O-Bank Co., LTD. in Taipei. Banks worldwide use these codes to direct payments between countries to the right bank. You will need it mainly for payments that cross a border or a currency.

On this page you can read how the code is put together, when it matters and what else you need for a transfer to or from O-Bank Co., LTD.. The SWIFT code on its own cannot identify an individual account holder; for that you need the account number or IBAN is for.

Is IBOTTWTP still correct? How to check

Ask the recipient to send you the bank details straight from a recent statement. Compare that code against IBOTTWTP on this page; if they differ, ask before you pay.

With a wrong code, the transfer might be delayed, bounce back or end up costing more, and tracing it can take weeks. A mistake in the account number can be a bigger problem because it can reach the wrong person, so check that just as carefully.

A format check by your bank only confirms that the code is valid – not that it belongs to the person you mean to pay. More and more banks compare the name against the account; take any warning seriously. When you pay someone new, some people send a small amount first and wait for confirmation.

Protect yourself against fake payment requests

Scammers often send payment requests containing new bank details. That IBOTTWTP is a real code does not mean that a request mentioning it is legitimate.

Before paying, verify changed bank details through a phone call. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Already paid? Contact the bank you paid from without delay and ask them to try to recall the payment and report the fraud.

Scams can also target the receiver. Someone sends more than agreed and wants you to return the extra. Wait until the money is actually in your account – ask O-Bank Co., LTD. if something looks wrong.

Sending money abroad from O-Bank Co., LTD.

When you transfer money to another country via O-Bank Co., LTD., the visible fee is rarely all of the cost. On top of the transfer fee, banks in between can take a cut, and when the money changes currency, the bank often applies a rate below the real market rate.

Banks do not list their exchange rate markup as a cost, but you pay it all the same. An easy check: put the rate you get against the mid-market rate and work out the difference on your amount.

For many routes, a transfer service is cheaper than a bank. Before your next transfer, it is worth to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require leaving O-Bank Co., LTD.: you simply pay the service from your account.

A note on our data

We gather SWIFT/BIC codes from publicly available data and update them from time to time. Even so, banks merge, rename themselves or change codes. Counts and locations come from our own dataset and may differ from what O-Bank Co., LTD. publishes.

Before any payment of any size, always check the BIC with O-Bank Co., LTD. or with the recipient. GoldexPay has no connection to O-Bank Co., LTD.; we are a comparison site for money transfers. Spotted an error? Let us know via our contact form so we can correct it.

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

A BIC is made up of fixed blocks: characters one to four stand for the bank, the next two give the country and characters seven and eight indicate the location. Combined, those parts form IBOTTWTP.

Most payment forms work with both lengths. If a form asks for eleven characters, use IBOTTWTPXXX; if it wants eight, use IBOTTWTP.

As a rule the code is written in capitals and without spaces. Pasting the code beats typing it by hand.

O-Bank Co., LTD.: head office code versus branch codes

O-Bank Co., LTD. uses 4 different SWIFT/BIC codes. Only one is the head office code, IBOTTWTPXXX; the rest identify branches.

If nobody asks you for a branch code, go with IBOTTWTPXXX. Branch codes are only needed when the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes for branches are more prone to change than the head office code.

Tracking a transfer to or from O-Bank Co., LTD.

How fast a transfer reaches O-Bank Co., LTD. depends on a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Weekends and public holidays in the sending or receiving country add extra days to the journey. Compliance checks on larger or unusual payments may also add a delay.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR that banks can use to trace it. Save the payment confirmation.

The bank that sent the money is able to request a trace; the receiving side usually has nothing to trace yet. Ask the sender for the payment receipt.

Incoming international payments to O-Bank Co., LTD.

A sender in another country will ask for several details about your account – incomplete details often cause delays. Give them the account holder’s name, the IBAN or account number, the BIC IBOTTWTPXXX and your address, which some banks require.

Some sending banks want the name and address of O-Bank Co., LTD., so keep it at hand. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always arrive in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. Make clear with the sender who pays which costs.