Taiwan Cooperative Bank LTD SWIFT/BIC code

What TACBTWTP means for a payment to Taiwan Cooperative Bank LTD

TACBTWTP and TACBTWTPXXX are two ways of writing the same bank identifier, and both lead to Taiwan Cooperative Bank LTD in Taipei. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right institution. In practice you usually come across it on invoices from abroad, in your banking app and on the account details of Taiwan Cooperative Bank LTD customers.

Further down you will find the practical side: money coming in from abroad, sending money abroad and how to check the code before you confirm a payment. A SWIFT code names a bank or branch, never a single account, which is why you always need the account number too.

Scams that use SWIFT codes

Scammers often use payment requests containing new bank details, sometimes in an email that looks completely genuine. The fact that TACBTWTP exists is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Check new bank details through a different channel like a call to a number from an earlier contract. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. When money has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: one known trick is an overpayment and then sends a request to send back the difference abroad. Wait until the money has really arrived.

Verifying the SWIFT code of Taiwan Cooperative Bank LTD

The most reliable source for the BIC is the recipient’s own bank details. When the code you were given does not match TACBTWTP or TACBTWTPXXX, stop and ask – contact the recipient or Taiwan Cooperative Bank LTD.

If the code is wrong, the transfer might get stuck, be returned or end up costing more, and tracing it can take weeks. An error in the IBAN or account number is more serious, so check that just as carefully.

Many banking apps check the structure of IBANs – that confirms the format, not the owner. If your bank offers it, a payee name check on the recipient gives an extra layer of safety. When you pay someone new, some people start with a small test amount before sending the rest.

Sending money abroad from Taiwan Cooperative Bank LTD

When you send money abroad through Taiwan Cooperative Bank LTD, the visible fee is only part of what you pay. Besides the transfer fee, correspondent or intermediary banks can take a cut, and when currencies are converted, the bank often uses a rate below the actual market rate.

Banks do not show the margin on the rate separately. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Money transfer services frequently use rates closer to the mid-market rate with clearer fees. On GoldexPay we compare the amount that arrives with different providers, so you can pick the cheapest route. Using a transfer service does not mean closing your account at Taiwan Cooperative Bank LTD.

Tracking a transfer to or from Taiwan Cooperative Bank LTD

There is no single delivery time: many arrive the same day or the next while others need several business days. Bank holidays in either country can add a day or more. Extra checks by one of the banks may also add a delay, even when all details are correct.

A growing number of banks use SWIFT gpi. Each gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

Only the sending bank is able to request a trace. On the receiving end, you can check your account to see a slightly lower amount.

Incoming international payments to Taiwan Cooperative Bank LTD

When you are waiting for a payment from another country, send the payer a complete set of details. Give them your name as the bank knows it, your account number or IBAN, SWIFT code TACBTWTPXXX and your address.

Their bank may also ask for the address of your bank, in which case the Taipei head office is the usual answer. Check each detail before you send them, because the sender’s bank usually copies them as is.

What lands in your account is often lower than the amount sent. Intermediary banks may deduct a fee, Taiwan Cooperative Bank LTD may charge for incoming payments, and when currencies differ, an exchange rate margin applies. For business payments, it is common to state who bears the costs to avoid a shortfall.

A note on our data

The details here come from public sources that we update regularly. It is possible that information on this page is out of date, for example after a merger. Counts and locations are from our own dataset and are not confirmed by Taiwan Cooperative Bank LTD.

See the information on this page as a handy check. GoldexPay is not affiliated with Taiwan Cooperative Bank LTD, we only compare transfer services. Spotted outdated information? Let us know via our contact form.

Taiwan Cooperative Bank LTD: head office code versus branch codes

Having 91 codes in 24 cities, Taiwan Cooperative Bank LTD belongs to the banks that register separate codes for branches. The head office code is TACBTWTPXXX.

In most cases there is no need to look up a branch: transfers addressed to TACBTWTPXXX reach Taiwan Cooperative Bank LTD correctly. If you have been given a specific code, stick to it instead of swapping it with the head office code.

Unsure which code applies? Ask the recipient. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.

What the XXX in TACBTWTPXXX means

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. That gives you TACBTWTP for Taiwan Cooperative Bank LTD.

The 11-character version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office.

As a rule the code is typed in capitals and without spaces. Pasting the code is safer than typing it by hand: a typo can point to another bank.