How to open a bank account in Taiwan? And a comparison of different banks!


Hello everyone! I’m @olivertomolife and I just got back from studying abroad in Kaohsiung!

Do you know what the first thing you need to do when studying in Taiwan?

That’s right! Opening a bank account, right?

You might think that opening a bank account overseas would be difficult, but surprisingly, opening a bank account in Taiwan is quite easy!

Let’s take a look at how to open a bank account and what each bank has to offer.

Recommended for the following people
  • Those who are planning to stay in Taiwan for a long time
  • Those who are planning to study in Taiwan
  • You are not sure which bank to choose in Taiwan.
  • Contents of this article
  • How to open a bank account
  • Which Bank Should I Choose?
  • About Bank Fees in Taiwan

I experienced a working holiday in Kaohsiung for a year from February 2020. Currently, I am writing a blog based on that experience.

By reading this article, you’ll get to know about opening a bank account and banking in Taiwan!


How to open a bank account

bank Taiwan

1 Prepare the necessary documents

The following is what you will need to open a bank account.

  • Passport
  • Residence card
  • Driving license
  • My number card
  • number
  • Address and phone number in Taiwan
  • Local address can be a hotel or guesthouse
  • NT$1,000 or more to deposit when opening the account

2 Obtain a copy of the Certificate of Chinese nationality

In addition to #1, you will also need to obtain this certificate.

How to obtain it is explained in the following article.

3 Procedures at a bank branch

There will be an attendant at the entrance of the bank, so tell him/her that you want to open an account.

The Chinese phrase is “我要開戶” which means “I want to open a bank account.

When it’s your turn, go to the window with your number.

You will be asked why you want to open an account, and if you are an exchange student, you should answer “讀書” which means “to study”.

If you are here for work, answer “gonzo,” which means “work.

The person at the counter will give you an application form, and you will have to fill out each item according to the instructions.

When you finish filling out the form, you will receive your bankbook and card.

I heard that some banks do not give you a bankbook and card at the same time.

Incidentally, the bank where I opened my account, CTBC Bank, gave me both on the same day.

Which bank should I choose?

bank Taiwan

1 CTBC Bank

This bank has over 150 branches in Taiwan.

There are two points of convenience.

The first is that they have affiliated ATMs at 7-Eleven, so it is easy to use them anywhere.

In Taiwan, there are 7-Elevens all over the city, so even if you want to withdraw money from the bank, you can easily do so!

Second, you can get a cash card with a debit card function, which is handy since there are some stores in Taiwan that accept cards!

2 Guotai Sehua Bank

This bank has over 160 branches in Taiwan.

There are three convenient points.

The first is that there are affiliated ATMs at subway stations.

For those who use the subway in their daily life, it is easy to use.

There are affiliated ATMs in Taipei and Kaohsiung subways.

Secondly, there are branches where you can open an account even late on weekends.

Even if you arrive late in Taiwan, it’s still convenient to open an account!

The third is that you can get a cash card with a debit card function, which is a convenient feature since there are more opportunities to use your card in Taiwan than you might think.

3 Taishin Bank

This bank has over 100 branches in Taiwan and overseas.

The biggest recommendation is that it has affiliated ATMs at FamilyMart.

However, it has fewer branches than other banks, so it will depend on how easy it is to use.

Banking Fees in Taiwan

bank Taiwan

1 ATM fees

Banks in Taiwan are always available and do not charge any fees.

If you use the ATM of your own bank account, you can always use it for free.

If you use another bank’s ATM, you will be charged a flat fee of $5 Taiwan dollars.

2 Account Maintenance Fee

There is no account maintenance fee in Taiwan, but you need to keep a positive balance in your account.

If you do not have a balance in your account for a long period of time, you may not be able to use it.

3 Transfer fees

In the case of Bank of Taiwan, the fees are as follows

Transfer from passbook: $30 TWD for up to NT$2,000,000

Cash transfer: $40 NT$ for up to NT$2,000,000

In most cases, there is no fee when transferring to the same bank via Internet banking.

Transfers to other banks require a fee of $10-15 Taiwan dollars, depending on the amount of the balance.


bank Taiwan
  • Opening an account is easy!
  • Just make sure you know what documents you need beforehand!
  • Personally, I recommend China Trust Bank.

I have explained how to open a bank account in Taiwan!

You can choose the one you like with the features of each bank.

Please stay tuned for more information on Taiwan in the future.

Thank you for reading to the end!