To login or to register to the Internet bank of Yuanta Commercial Bank, Taipei, Taiwan, According to EIT website, If you are a visitor’s visa only you can not open an account without an A.R.C. (Alien Resident Certificate). But there are banks that will open an account for you.
Opening An Account in banks in Taiwan
You will generally find two types of banks in Taiwan and these are government owned and independent. The government owned banks are usually more tightly regulated and ask you to make some uncomfortable disclosures when opening an account. So, it is better to go to an independent bank because they are competing against each other to get deposits and are much more willing to help you than the government owned banks. You will be able to open an account at one of these banks with just a passport for identification, a minimum deposit, and a few questions.
The most common type of account opened is called a “Demand Deposit” account. This kind of account is similar to a savings account back home, you are not allowed to write checks but you’ll get an ATM card with unlimited withdrawals at a minimal fee. The ATM withdrawal fee is free if you go to a branch of your own bank otherwise it is only NT 7 at another bank. Most ATM machines have an English option so don’t have to worry about accidentally transferring all your hard earned money to someone else’s account. If you do encounter any problems with a bank when opening an account then simply try another one there are plenty of banks out there that do want your business.
Requirements to open an account in Taiwan
If you are going to open an account in Taiwan, note the typical minimum amount required to open a bank account at local banks is NTD$1,000. Chinatrust requires a minimum deposit of NTD 10,000. Citibank requires that the holder maintain an average monthly balance of NTD 25,000, otherwise an account management fee of NTD500 per month is incurred. HSBC requires a minimum balance of NTD 3 million, otherwise an account management fee of NTD 1,000 per month is incurred.
Foreign nationals that wish to open an NT dollar bank account in Taiwan must be at least 20 years old, and should have a fixed place of residence. Interested parties should bring original copies of the following documents in person to process their applications.
Last Updated on June 9, 2022
URL: https://log-in.me/yuantacommercialbank-taipei-taiwan/