We are going to be in the Taichung area for 6 months. I am thinking we need a local bank account (instead of living on cash and travelers checks) during this time. I know Citibank has a big presence in Taichung (and Taiwan in general?), but are there other banks that I should also be looking at?
Here in the U.S. if you have a weird bank sometimes it’s hard to get money from a random ATM without paying a per transaction fee. Is there anything similar to that in Taiwan?
I don’t think we need a lot in the way of bank services, but we would need the capability to wire money from our U.S. bank account to our Taiwan account as needed, use of ATMs, and maybe writing checks.
How did you go about setting up bank accounts? Did you wait to set it up once you arrived in Taiwan, or were you able to set it up long-distance beforehand? Any pitfalls to avoid?