Want to wire money to Taiwan? Are you considering a bank wire to send the money to Taiwan? Before you ask your bank to do it, be sure to check out the wire transfer fees. You may get a shock just what the fees and charges will be and depending on the amount of the transfer, it might not be worth sending the money by bank wire transfer to send the money using another method.
What makes more costly is in addition to your financial institution adding a fee for sending the funds to a bank in Taiwan, the recipient receiving the funds may incur a fee from the bank where they have their account. One way to reduce the likelihood of the fee is to remit the international wire transfer in their local currency.
To process a bank wire transfer to Taiwan, you may require a SWIFT code. These are unique for each bank and are based on references including the bank and country.
SWIFT Country Code
Central Bank Name
New Taiwan Dollar