Ta Chong Bank LTD. SWIFT/BIC code

OURBTWTP – the SWIFT/BIC code of Ta Chong Bank LTD.

Whether a recipient gives you OURBTWTP or OURBTWTPXXX, it is the identical identifier for Ta Chong Bank LTD. in Taiwan. A BIC has a single purpose: it ensures that a cross-border transfer reaches the right bank. You will need it mostly for transfers between countries.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to check the code before you confirm a payment. Keep in mind that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

How to check OURBTWTP before you pay

The best place to find the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. Check it with OURBTWTP here and ask if anything does not match.

Mistakes in the SWIFT code are costly more than fatal – usually the money comes back, minus fees and time lost. Remember the account number: an error there can be harder to correct than a wrong BIC.

Many banking apps check the structure of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. More and more banks compare the name against the account before you confirm. When you pay someone new, some people send a small amount first and wait for confirmation.

How up to date is this code?

The details here are taken from publicly available data which we refresh regularly. It can happen that a code on this page is out of date after a merger or reorganisation. Counts and locations come from our directory.

See our directory here as a handy check. We are an independent comparison site and not part of Ta Chong Bank LTD.. Should you notice a mistake, we appreciate a short note.

Protect yourself against fake payment requests

One of the most common tricks works like this: you receive a message claiming that a contact now has a new bank account. The fact that OURBTWTP exists does not mean that the account is legitimate.

Always confirm a change of bank details through a phone call. Urgency and requests to keep it quiet are red flags; a genuine business can wait for you to check. Already paid? Contact your bank straight away and ask them to try to recall the payment.

Recipients are targeted too: one known trick is an overpayment and then sends a request to send back the difference to another account. Do not act before the money is actually in your account.

International transfers from Ta Chong Bank LTD.: the real cost

An international bank payment costs more than the fee suggests. Besides the transfer fee, banks in between can deduct a fee, and if the money changes currency the bank often applies a rate that is less favourable than the real market rate.

The real cost is often in the rate, rather than in the fee: the bank converts using an exchange rate that includes a margin. A simple test: set the rate you get against the mid-market rate and look at the difference.

For a lot of routes, a specialist provider turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay lists transfer providers next to each other, showing what actually arrives for the same amount sent. You can still use your account at Ta Chong Bank LTD. as the source of the money; only the conversion and sending happen elsewhere.

Incoming international payments to Ta Chong Bank LTD.

When you are waiting for a payment from another country, send the payer all details at once. In practice that means: your full name as registered with Ta Chong Bank LTD., your IBAN or account number, the BIC OURBTWTPXXX and sometimes your address.

It helps to include Ta Chong Bank LTD. and its city too, because some payment forms have separate fields for them. Check every detail before you share them, because the sender’s bank usually copies them as is.

The amount you receive can be lower than the amount sent. Correspondent banks can take a fee, Ta Chong Bank LTD. may charge for incoming payments, and if the currency changes, a markup on the rate applies. On invoices, you can agree how the fees are split, so that nobody is left short.

Tracking a transfer to or from Ta Chong Bank LTD.

How quickly a transfer reaches Ta Chong Bank LTD. is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Transfers sent late in the day or just before weekends and holidays usually go out the next business day. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

If the money is delayed, ask the sending bank for the tracking status or the UETR. Keep the payment confirmation until the money has arrived.

The bank that sent the money is able to request a trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation with the date and reference.

Choosing between the 5 SWIFT codes of Ta Chong Bank LTD.

We have 5 SWIFT/BIC codes for Ta Chong Bank LTD.. Besides the head office code OURBTWTPXXX, you will find codes for regional offices and specialised units.

Unless the recipient tells you otherwise, use OURBTWTPXXX. A branch code only makes sense if the recipient’s bank specifically mentions it, which is more common for corporate accounts and specialised services.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are more prone to be retired than OURBTWTPXXX.

OURBTWTP or OURBTWTPXXX – which one to use?

A BIC is made up of a few fixed parts: characters one to four stand for the bank, characters five and six give the country and the two after that indicate the location. In this case, that core is OURBTWTP.

Many banks and apps work with either length. If a form requires eleven characters, enter OURBTWTPXXX, otherwise OURBTWTP is fine.

In practice the code is written in capitals and without spaces. Look out for the letter O and the digit 0 or I versus 1, a common source of typos.