Taiwan Shin Kong Commercial Bank Co., LTD. SWIFT/BIC code

Taiwan Shin Kong Commercial Bank Co., LTD. SWIFT code: MKTBTWTP

MKTBTWTP and MKTBTWTPXXX are two ways of writing the same SWIFT/BIC code, and both point to Taiwan Shin Kong Commercial Bank Co., LTD. in Taipei. The code does one job: it makes sure that money from abroad reaches the right bank. In daily life you usually see it on invoices from abroad, in your banking app and in the bank details of Taiwan Shin Kong Commercial Bank Co., LTD. customers.

Further down we go through the practical questions: money coming in from abroad, sending money abroad and how to check the code before you confirm a payment. The SWIFT code on its own does not identify a personal account; that is what the account number or IBAN .

Is MKTBTWTP still correct? How to check

The most reliable source for a SWIFT code is the recipient’s own bank details. Check that code with MKTBTWTP here; if they differ, ask before you pay.

An incorrect BIC may lead to delays, a returned payment or extra fees along the way. Remember the IBAN: a mistake there can be harder to undo than a wrong code.

Many banking apps validate the structure of IBANs, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient adds extra certainty. For a first payment, many people start with a small amount first before sending the rest.

What a transfer from Taiwan Shin Kong Commercial Bank Co., LTD. abroad really costs

When you send money to another country through Taiwan Shin Kong Commercial Bank Co., LTD., the fee you see is only part of the cost. You pay the transfer fee, possibly charges from correspondent banks in between and, above all, the exchange rate markup.

Banks do not show their exchange rate markup as a cost, but you pay it all the same. An easy check: put the rate you get against the mid-market rate and look at the difference.

For a lot of routes, a specialist provider is less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares what recipients receive with different services. You can still use your account at Taiwan Shin Kong Commercial Bank Co., LTD. as the source of the money, while a cheaper service handles the conversion.

Scams that use SWIFT codes

Scammers regularly use payment requests with new bank details. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Always verify a change of bank details through a phone call. Watch out for urgent requests, odd spelling or an email address that differs by one letter. When money has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams also target the receiver: someone sends too much and asks you to refund the difference to a new account. A screenshot of a transfer is no proof; only your own account shows what has arrived.

Which of the 39 codes of Taiwan Shin Kong Commercial Bank Co., LTD. do you need?

We have 39 SWIFT/BIC codes for Taiwan Shin Kong Commercial Bank Co., LTD. in 16 places. Besides the head office code MKTBTWTPXXX, you will find codes for individual branches and departments.

Unless the recipient tells you otherwise, go with MKTBTWTPXXX or its short form MKTBTWTP. Branch codes are only needed when the account holder explicitly asks for it.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are more likely to be retired than the head office code.

How up to date is this code?

The directory on GoldexPay draws on publicly available sources and is updated regularly. Still, banks merge or change codes. Counts and locations come from our directory.

Use our data as a starting point, rather than as the last word: the recipient’s bank details come first. We are an independent comparison service and not part of Taiwan Shin Kong Commercial Bank Co., LTD.. Found an error? Tell us via our contact form so we can correct it.

What to give a sender who pays you at Taiwan Shin Kong Commercial Bank Co., LTD.

To receive an international payment into your account at Taiwan Shin Kong Commercial Bank Co., LTD., the sender has to have not just the SWIFT code. Give them the account holder’s name, the IBAN or account number, the BIC MKTBTWTPXXX and your address.

The sender’s bank might request the bank address of Taiwan Shin Kong Commercial Bank Co., LTD.; the head office in Taipei is usually fine. A mistake in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

An incoming payment does not always land in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. For business payments, it is common to agree who bears the costs to avoid a shortfall.

Tracking a transfer to or from Taiwan Shin Kong Commercial Bank Co., LTD.

An international transfer usually takes anywhere from one to several business days – it depends on currency, route and the banks in between. Payments made late in the day or just before a weekend or public holiday usually go out a business day later. Extra checks on larger or unusual payments can also add a delay, regardless of the details.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR that banks can use to trace it. Money transfer services often provide tracking online so you can see how far the payment is.

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. Ask the sender for the payment receipt – it helps your own bank look for the money.

What the XXX in MKTBTWTPXXX means

A SWIFT code 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 mark the location. The result is MKTBTWTP.

XXX at the end of MKTBTWTPXXX does not stand for a missing value or an error: it indicates the head office of Taiwan Shin Kong Commercial Bank Co., LTD.. Some forms insist on 11 characters, in which case you simply add XXX after MKTBTWTP.

Leave out spaces when you type MKTBTWTP or MKTBTWTPXXX. Watch for the letter O and the digit 0 and I versus 1; they are easy to mix up.