Taiwan Depository Clearing Corporation SWIFT/BIC code

Taiwan Depository Clearing Corporation SWIFT code: TDCCTWTP

TDCCTWTP and TDCCTWTPXXX are two ways of writing the same bank identifier, and both lead to Taiwan Depository Clearing Corporation in Taipei. A BIC has a single purpose: it ensures that an international payment reaches the right bank. You will need it mainly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who receives money at an account at Taiwan Depository Clearing Corporation without mistakes. The SWIFT code on its own cannot identify a personal account; that is what the account number or IBAN is for.

Which of the 3 codes of Taiwan Depository Clearing Corporation do you need?

Taiwan Depository Clearing Corporation uses 3 different SWIFT/BIC codes across 1 locations. One of them is the head office code; the others identify branches or departments.

Usually there is no need to look up a branch: transfers addressed to TDCCTWTPXXX reach Taiwan Depository Clearing Corporation correctly. Branch codes are only needed if the account holder specifically asks for it.

The safest route is to copy the code directly from the account holder’s bank details. Branch codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

How long does an international transfer to Taiwan Depository Clearing Corporation take?

How quickly a transfer arrives at Taiwan Depository Clearing Corporation is determined by a few things: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Payments made late in the day or just before weekends and holidays often go out a business day later. Extra checks by one of the banks can also cause some delay, regardless of the details.

When a payment takes longer than expected, contact your bank for the status or the UETR; with that reference banks can see where the payment is. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

Only the sending bank can start an official trace. As a recipient, it helps to look at your account to see a slightly lower amount because fees can reduce the amount.

Sending money abroad from Taiwan Depository Clearing Corporation

An international bank payment costs more than the fee suggests. There is the fee for the transfer itself, possibly fees charged by intermediary banks in between and, most importantly, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert at a rate that includes a margin. A simple test: set the bank’s rate against the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service is less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers side by side, showing the amount the recipient gets for the same amount sent. You can still keep your account at Taiwan Depository Clearing Corporation as the source of the money; only the conversion and sending happen elsewhere.

Changed bank details? Be careful

Stay alert if a contact unexpectedly asks you to send money to another account abroad. A real SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Always verify a change of bank details through a phone call on a number you know, not one from the message. Watch out for time pressure, unusual wording or an email address that differs by one letter. If money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

Where our SWIFT data comes from

The details here are taken from publicly available data. It can happen that information on this page is no longer current, for example after a merger. The number of codes we show reflect our own data, not official figures from Taiwan Depository Clearing Corporation.

Treat this page as a reference, not as the final word: the recipient’s bank details come first. We are a comparison site for money transfers and not part of Taiwan Depository Clearing Corporation. If you notice something that is out of date, we welcome a message via the contact page.

8 or 11 characters: TDCCTWTP versus TDCCTWTPXXX

Each SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and a two-character location code. That gives you TDCCTWTP for Taiwan Depository Clearing Corporation.

Most payment forms work with either length. If yours asks for eleven characters, use TDCCTWTPXXX; if it wants eight, use TDCCTWTP.

In practice the code is typed in capitals and without spaces. A wrong character may route a payment to another bank, so check it twice.

Before you send: check the Taiwan Depository Clearing Corporation code

The most reliable place for the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. Compare it against TDCCTWTP here; if they differ, ask before you pay.

An incorrect BIC may lead to delays, a payment being sent back or additional charges. Do not forget the IBAN: an error there is more difficult to correct than a wrong BIC.

An automatic check by your bank merely confirms that the IBAN is valid. If your bank offers it, a payee name check before sending adds extra certainty. For a first payment, some people start with a small amount first before sending the rest.

Receiving money from abroad at Taiwan Depository Clearing Corporation

For a transfer from abroad at Taiwan Depository Clearing Corporation, the person paying you needs more than the BIC. The basics are: your name, IBAN or account number, TDCCTWTPXXX or TDCCTWTP and often your home address.

Certain sending banks want the bank’s address in Taipei; it does no harm to include it. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

What lands in your account is often less than the amount sent. Correspondent banks can take a fee, Taiwan Depository Clearing Corporation may charge for incoming payments, and when currencies differ, an exchange rate margin applies. Make clear with the sender who covers the fees, especially for larger amounts.