Hello guys, usually people ask about the best place to change theIr dollars into NTD but my question is the opposite.
I have been in Taiwan for about 6 months and am yet to find an easy and cost effective method of sending money out of the country. I am told online that any bank will transfer money to a foreign account for a small fee. However, this has not been my personal experience. I am with the Post Office Bank and they only transfer inside Taiwan. Other banks insist I must have an account with them to transfer with them internationally. Does anyone know a bank that CERTAINLY will transnfer internationally for a small fee?
Things have gotten so bad I was thinking of just changing my NTD for USD and taking it out of the country to Thailand where I have a couple of accounts. The limit is $10000–so no problem.
Even if someone can help with the transfer question, I’d still like to know a good place to change NTD to USD. I think smaller banks might not stock USD. I heard BREEZE has A money exchange and also inside Taipei 101–but do they also change NTD to USD?
Yes I use Taishin, and I deposited USD and they call me in the phone and I said is was saving money from oversees. The fee was good, and the rates also, I change USD to TW and USD to JPY when I went to Japan. You can change in the app or online but I always went to the bank.
Thanks for your replies which were helpful. I went to Taiwan Bank this afternoon and opened 2 accounts: a local currency account and and a USD account. It all happened rather quickly and the USD account was their suggestion–though I was happy to accept.
What can I do with this USD account? Easy transfers at good rates from the bank? They never mentioned online banking and there isn’t any card. Can I withdraw the money from this account in USD?