Taiwan Business Bank SWIFT/BIC code

SWIFT/BIC code of Taiwan Business Bank

MBBTTWTP and MBBTTWTPXXX are two ways of writing the same bank identifier, and both lead to Taiwan Business Bank in Taipei. The code does one job: it ensures that a cross-border transfer reaches the right bank. You will need it mainly for transfers between countries or a currency.

On this page you can read what the code means, when it matters and what else a transfer to or from Taiwan Business Bank requires. Remember that the BIC just identifies the bank, not the account: the account number or IBAN does that part.

8 or 11 characters: MBBTTWTP versus MBBTTWTPXXX

A BIC is built from fixed blocks: the first four letters stand for the bank, characters five and six show the country and characters seven and eight indicate the location. That gives you MBBTTWTP for Taiwan Business Bank.

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

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

International transfers from Taiwan Business Bank: the real cost

When you send money abroad from Taiwan Business Bank, the fee you see is rarely all of what you pay. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

Banks rarely list their exchange rate markup separately, but you pay it all the same. Compare the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many routes, a transfer service is cheaper than a bank. Next time you send money, it is worth comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not mean leaving Taiwan Business Bank.

Transfer times and tracking a payment to Taiwan Business Bank

How fast a payment arrives at Taiwan Business Bank is determined by several factors: which currency you send, how many intermediary banks are involved, cut-off times and differences in time zone. Transfers sent late in the day or on weekends and holidays often start the next business day. Sometimes a bank asks what the payment is for.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

If a payment has not arrived after a few business days, the person who paid should contact the bank that sent it. On the receiving end, you can look at your statements to see a slightly lower amount because fees can reduce the amount.

Taiwan Business Bank: head office code versus branch codes

Having 114 codes, Taiwan Business Bank is one of the banks that register separate codes for branches. The head office code remains MBBTTWTPXXX.

For the vast majority of payments to a private or business account, the head office code MBBTTWTPXXX works fine. When you receive a specific code, use it as it is rather than replacing it for the head office code.

Not sure which code applies? Check with the recipient or the bank itself. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

How up to date is this code?

The details on this page are taken from publicly available data that we update regularly. Institutions reorganise, change names and change codes – a directory can be a step behind. Counts and locations are from our directory and are not confirmed by Taiwan Business Bank.

Treat the information here as a handy check and rely on the recipient or Taiwan Business Bank for the final confirmation. We are a comparison site and not affiliated with Taiwan Business Bank. Spotted an error? Tell us through the contact page.

Getting paid from abroad into a Taiwan Business Bank account

When you expect a payment from another country, send the payer a complete set of details. What they need is: the account holder’s name, IBAN or account number, MBBTTWTPXXX and in many cases your postal address.

Their bank may request the address of your bank, in which case the Taipei head office is the usual answer. Double-check every detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment does not always land in full. Intermediary banks may deduct a fee, Taiwan Business Bank may charge for incoming payments, and if the currency changes, an exchange rate margin comes on top. Agree with the sender who pays which costs, especially for larger amounts.

Watch out for payment fraud

Fraudsters regularly send payment requests with changed bank details sent from what looks like a familiar address. That MBBTTWTP is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Verify changed bank details through a different channel, never via the email that asked for the change. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Already paid? Call the bank you paid from without delay and ask them to try to recall the payment.

Fraud can also target the receiver. Someone sends more than agreed and wants you to refund the difference. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

Before you send: check the Taiwan Business Bank code

Have the recipient copy the account details directly from their banking app. Compare it against MBBTTWTP here and ask if anything does not match.

Mistakes in the SWIFT code tend to be annoying more than fatal – usually the money comes back, minus fees and time lost. An error in the IBAN or account number is a bigger problem because it can reach the wrong person.

Many banking apps validate the format of IBANs and some suggest the matching BIC. Where available, a name check before sending gives extra certainty. When you pay someone new, many people send a small amount first before sending the rest.