Union Bank of Taiwan SWIFT/BIC code

Union Bank of Taiwan SWIFT code: UBOTTWTP

The short code UBOTTWTP and the 11-character code UBOTTWTPXXX identify the same bank: Union Bank of Taiwan, with its head office in Taipei. Banks worldwide use BIC codes to direct international transfers to the right bank. In daily life you mostly see the code on invoices from abroad, in payment forms and on the account details that Union Bank of Taiwan provides.

Further down you will find the practical side: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. Keep in mind that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

Transfer times and tracking a payment to Union Bank of Taiwan

How quickly a transfer arrives at Union Bank of Taiwan 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 a weekend or public holiday often start a business day later. Extra checks by one of the banks can also cause some delay, regardless of the details.

A growing number of banks are connected to SWIFT gpi. Every payment gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer has to be traced from the sending side, using the payment confirmation. On the receiving end, you can check your statements for a partial amount because fees can reduce the amount.

UBOTTWTP or UBOTTWTPXXX – which one to use?

A SWIFT code is made up of a few fixed parts: characters one to four identify the bank, characters five and six show the country and characters seven and eight mark the location. The result is UBOTTWTP, the short form of the code.

Many payment forms accept both lengths. If yours requires eleven characters, enter UBOTTWTPXXX.

Leave out spaces or dashes when you type UBOTTWTP; the code is always written in one block. A single letter may route the money to another bank.

Protect yourself against fake payment requests

Fraudsters often send payment requests containing changed bank details, sometimes in an email that looks completely genuine. A valid SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Before paying, confirm a change of bank details through a phone call, using a number you already had. Urgency and requests to keep it quiet are red flags; a genuine business can wait for you to check. Acted too fast? Call your bank straight away and have them start a recall and report the fraud.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to send back the difference abroad. A payment confirmation from the sender is no proof – check your own account.

Getting paid from abroad into a Union Bank of Taiwan account

If you expect a payment from another country, give the sender a complete set of details. In practice that means: your full name as registered with Union Bank of Taiwan, your IBAN or account number, the SWIFT/BIC code UBOTTWTPXXX and usually your postal address.

It helps to add the bank name and Taipei too, since some forms ask for it. Check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee, Union Bank of Taiwan may charge for incoming payments, and when currencies differ, a markup on the rate comes on top. Make clear with the sender who pays which costs, especially for larger amounts.

Which of the 9 codes of Union Bank of Taiwan do you need?

Our directory lists 9 SWIFT/BIC codes for Union Bank of Taiwan in 4 cities. Besides the head office code UBOTTWTPXXX, there are codes for regional offices and specialised units.

Usually there is no need to look up a branch: transfers sent to UBOTTWTPXXX reach Union Bank of Taiwan without problems. When you receive a specific code, use it as it is instead of replacing it with the head office code.

The safest approach is to copy the code directly from the account holder’s invoice. Branch codes can change over time.

Before you send: check the Union Bank of Taiwan code

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check it against UBOTTWTP here.

If the code is wrong, the payment might get stuck, bounce back or cost extra. Remember the account number: an error there can be harder to correct than a wrong BIC.

A format check in your banking app merely tells you that the code exists. If your bank offers it, a payee name check on the recipient gives extra certainty. For a first payment, some people start with a small test amount before sending the rest.

What a transfer from Union Bank of Taiwan abroad really costs

When you transfer money abroad from Union Bank of Taiwan, the fee you see is only part of what you pay. You pay the fee for the transfer itself, sometimes fees charged by intermediary banks along the way and, above all, the margin on the exchange rate.

That exchange rate margin tends to be the largest item even though it is not listed as a fee. An easy check: set the bank’s rate next to the mid-market rate for the same moment and work out the difference on your amount.

Money transfer services frequently use a rate near the mid-market rate with clearer fees. GoldexPay lists these services next to each other, showing what actually arrives for the same amount sent. Choosing a specialist does not require closing your account at Union Bank of Taiwan.

About this information

The details on this page come from public sources. Banks merge, close branches and change codes – a directory can be a step behind. The number of codes on this page reflect our own data.

Treat our directory here as a helpful check and rely on the recipient or Union Bank of Taiwan for the final confirmation. We are an independent comparison site for money transfers and not part of Union Bank of Taiwan. Found an error? Tell us through the contact page so we can correct it.