|II.Information About Applying for and Using
an ATM card:
|Applying for an ATM card: After
opening a bank account with a Taiwanese bank, a foreign national can
apply for an ATM card at the same branch where they opened the account
on presentation of a valid foreign passport, the bankbook, and the same
personal seal (chop) that they used when opening the account.
|ATM card usage: ATM cards can be
used for domestic deposits, withdrawals and bank transfer.
|Restrictions on withdrawals: A
single withdrawal made using an ATM card may not exceed NT$30,000
(NT$20,000 in the case of inter-bank withdrawals). The total amount of
withdrawals made within a single day may not exceed NT$100,000. (The
maximum limit shall be determined by each individual Bank)
|Restrictions on bank transfers:
Bank transfers for which arrangements have not been made in advance are
limited to a maximum of NT$30,000 per day. If wishing to make a bank
transfer that will exceed this limit, the account-holder should contact
the branch where they opened their account in advance; where a bank
transfer has been agreed in advance in this way, the maximum size of
bank transfer is limited to NT$2,000,000 (The maximum limit shall be
determined by each individual Bank).
|Dealing with a lost ATM card: If
a foreign resident loses an ATM card, they can report the loss and stop
payment using the card by calling the issuing bank’s 24-hour card loss
hotline. They should also go to the bank branch where they opened their
account as soon as possible to fill out the necessary forms for
reporting the loss and stopping payment.
|Fee for replacement of a lost or
stolen ATM card: Banks are entitled to charge a fee for replacement of
a lost or stolen ATM card; for more details, please contact the
individual bank in question.
|III. Applying for a Bank Loan
|Currently, there are
no specific regulations governing applications for a bank loan by
foreign nationals residing in Taiwan. It is up to individual banks to
set their own lending policy and approval criteria, and to decide, at
their own discretion, as to whether a loan should be granted.
As a rule, on receiving an application for a bank loan from an
account-holder, a bank will want to obtain details of the use to which
the applicant intends to put the funds, of the applicant’s
credit-worthiness and income, and of what collateral can be provided,
etc., before deciding whether or not to extend a loan, and formulating
and approving the terms and conditions of the loan (for more details,
please contact the individual bank in question).
|IV. Applying for a Credit Card, and Points
to Note Regarding Credit Card Use
|Application: A foreign national
wishing to apply for a credit card must submit tax withholding
certificates or other evidence of financial status, a photocopy of
their passport, and a photocopy of a valid Alien Resident Certificate
etc., and must submit their application according to the rules laid
down by the individual card-issuing institution. The card-issuing
institution has the right to refuse to issue a card to any applicant,
at its own discretion.
|Dealing with a lost credit card:
If a foreign resident loses a credit card, they can report the loss and
stop payment using the card by calling the issuing bank’s 24-hour card
loss hotline. The cardholder may also be required to pay a card loss
charge; for more details, please contact the individual card-issuing
institution in question.
|Dispute resolution, revolving
credit interest rates, fees, cardholder’s rights, and preferential
service: The individual card-issuing institution will notify the
applicant regarding these matters in writing or by e-mail; for more
information, please contact the individual card-issuing institution in
|V.Paying Utility Bills etc. by Direct Debit
|A foreign national
who has a New Taiwan Dollar Current Account or Savings Account can
apply to have water, electricity and gas bills etc. paid by direct
debit on presentation of the personal seal (chop) used when opening the
account and a photocopy of the utility bill in question.
|If, after opening a
bank account, a foreign national wishes to apply to use online banking
services, they should submit their application at the bank branch where
they opened the account, bringing with them a valid foreign passport,
Alien Resident Certificate, and the personal seal (chop) or signature
sample that they used when opening the account.
|VII.Important Information Regarding
|(1) A foreign
national wishing to make an international remittance should visit the
bank in person, bringing with them their passport and relevant
documents. The documents required are as follows:
a. Persons who have already obtained a relevant resident certificate or
Alien Resident Certificate for the Taiwan area, the Republic of China
(including persons from Hong Kong, Macau and Mainland China) should
present their resident certificate.
b. Persons from Hong Kong, Macau and Mainland China who have obtained
the respective entry/exit permits should present the entry/exit permit.
c. Overseas Chinese who have obtained an R.O.C. passport issued by the
Ministry of Foreign Affairs or its overseas offices should present
their R.O.C. passport.
d. Persons who have obtained a Diplomatic ID Card should present their
Diplomatic ID Card.
(2) Banks permitted to engage in foreign exchange business may charge a
handling fee for the purchase/sale of foreign currency as well as a
postage/cable charge according to the rates displayed inside the bank
branch or according to the Bank’s regulations.
|VIII.Important Information Regarding
Foreign Currency Bank Accounts
governing the opening of foreign currency bank accounts by foreign
nationals in Taiwan are based on the regulations governing the opening
of New Taiwan Dollar bank accounts by foreign nations. The regulations
governing the reporting of the purchase and sale of foreign currency by
foreign nationals in Taiwan are based on the international rules