Sunny Bank LTD SWIFT/BIC code

Sunny Bank LTD SWIFT code: SUNYTWTP

The 8-character code SUNYTWTP and the 11-character code SUNYTWTPXXX refer to the same bank: Sunny Bank LTD, with its head office in Taipei. A SWIFT code tells the banks handling a payment exactly which bank should receive the money. You will need it mainly when dealing with transfers between countries and payments in foreign currencies.

On this page you will find what the code is put together, when you need it and what else a transfer to or from Sunny Bank LTD requires. The SWIFT code alone cannot identify a personal account; that is what the IBAN or account number is for.

When will the money arrive at Sunny Bank LTD?

An international transfer typically takes anywhere from one to several business days. Weekends and public holidays in the sending or receiving country can add extra days. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

If a transfer seems late, ask your bank for the tracking status. Specialist transfer services usually show a status in their app showing where the payment is.

If the money does not arrive within the expected time, the sender needs to start with their own bank, not the receiving bank. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Protect yourself against fake payment requests

Be wary when a contact suddenly wants you to send money to a different account. A valid SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Never trust a phone number from the same email that contains the new account. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Call the bank you paid from straight away and ask them to try to recall the payment and report the fraud.

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 abroad. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

How up to date is this code?

We gather bank codes from publicly available data and update them regularly. It can happen that information here is out of date, for example after a merger. Figures such as the number of codes come from our directory.

Before a payment that matters, always check the BIC with Sunny Bank LTD or with the recipient. GoldexPay is independent of Sunny Bank LTD, we only compare transfer services. Spotted an error? Let us know through the contact page so we can correct it.

Receiving money from abroad at Sunny Bank LTD

Someone abroad who wants to pay you needs several details from you. Give them your name as the bank knows it, the IBAN or account number, the BIC SUNYTWTPXXX and your address, which some banks require.

Certain sending banks also ask for the name and address of Sunny Bank LTD; it does no harm to include it. A typo in the IBAN is more trouble than it looks, so copy the details from your online banking.

Money from abroad will not always land for the full amount. Charges on incoming payments vary per bank; check the price list of Sunny Bank LTD. Agree with the sender who covers the fees.

Head office or branch code at Sunny Bank LTD?

We have 24 SWIFT/BIC codes for Sunny Bank LTD, spread over 9 cities. Next to the head office code SUNYTWTPXXX, there are codes for branches, departments or specific services.

For the vast majority of payments to a private or business account, the head office code SUNYTWTPXXX is the right choice. Just use a branch code when the account holder explicitly asks for it, for example on an invoice or in their bank details.

If you are not sure, ask the person you are paying for the exact BIC in their bank details. Codes can change over time.

Sending money abroad from Sunny Bank LTD

A bank transfer abroad costs more than the fee suggests. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and when currencies are converted the bank usually applies a rate below the real market rate.

The real cost is often in the rate, not in the fee: many banks convert using an exchange rate with a margin built in. Compare their rate against the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For many currency pairs, a transfer service is cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see what actually arrives for the same amount sent. Using a transfer service does not require leaving Sunny Bank LTD – you pay the provider from your own account.

Before you send: check the Sunny Bank LTD code

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. When the code you were given differs from SUNYTWTP or SUNYTWTPXXX, stop and ask.

Mistakes in the SWIFT code tend to be annoying rather than disastrous – usually the money comes back, minus fees and time lost. Remember the IBAN: an error there can be harder to correct than a wrong BIC.

A format check in your banking app only tells you that the code exists, not that it is the right account. Where available, a payee name check on the recipient adds an extra layer of safety. For a first payment, some people send a small amount first.

Why Sunny Bank LTD has an 8- and an 11-character code

The structure of a BIC is always the same: a bank code of four letters, two for the country and two for the location, sometimes followed by a branch code. For Sunny Bank LTD, the 8-character core is SUNYTWTP.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, the code points to the head office, which is why SUNYTWTPXXX and SUNYTWTP lead to the same place.

As a rule the code is written in capitals, without spaces or dashes. A single character may route a payment to another bank, so check it twice.