Without local employment or any ties really besides renting an apartment, are there any banks that open accounts and/or offer credit cards (not necessarily both, though I can’t imagine the latter without the former) to foreigners - in my case on visa exemptions without ARCs?
If so, which banks are better (easier to deal with, better services, etc.)?
If it’s “impossible”, do the requirements change with and “friendly conditions” like referrals or large initial deposits?
I have one only problem is they don’t issue a card with it! so causes problems as Taiwanese are far to laid back I say? to process anything they can’t scan barcode.
I’m not sure how many banks still accept the ID number actually - I got one a couple of years ago before I had an ARC, and at that point the rules had supposedly changed recently (maybe around January 2017, or possibly 2018) such that the ID number alone wasn’t sufficient anymore. I only tried in a couple of banks personally before giving up.
I seem to remember discussing this recently with a couple of other people who might have done it successfully with the ID, so you could maybe try the search function.
No, I mean the practice of banks occasionally and reluctantly issuing “credit cards” to foreigners but requiring a deposit at least equivalent to the “credit limit”, i.e., the bank isn’t actually providing any credit for all intents and purposes.
Oh, yes. They will do that if you can deposit the equivalent cash. But many banks will offer credit cards now to foreigners if you have a job and an ARC. Chinatrust and Citi both have given me cards. However, they make you pay back 50% of the balance as a minimum payment.
I recommend CHB i opened an account there but no credit card or no debit card only an atm card
Took some fussing but only needed an address and. Passport plus record of id number ( got this at NIA i think , not at a police station)
Went to over 30 banks and only CHB gave me a chance…
fyi you can talk to any Branch but they really want you to open near your home, so google the closest
Also im American, discrimination at play because facta paperwork
Most banks dont want to touch an American with a ten foot pole…
im happy to help you with any questions you have
Given the apparent scarcity as far as foreigners go, presumably these cards are (a) mostly for building credit/relationship with the bank, through (b) local spending (as they probably have few if any rewards or preferential benefits for transactions outside of Taiwan, and presumably stack of forex fees with crummy rates) - or are there actual good offers?
And are the debit cards they give like the one @Rzarobbie got (just ATM cards), or are they branded with VISA/MasterCard/etc.?