Coinepay Global Remittance lets you send cross-border transfers to Taiwan, whether you are supporting family, paying a freelancer or settling with a business partner. This guide walks through what you need to collect from your recipient, the payout methods you can choose, and how to review the exchange rate and fees before you confirm. Everything is handled from the Coinepay dashboard or the mobile app, so you can send and track a transfer at any time.
Before you start
To send money to Taiwan with Coinepay you need a registered account with completed identity verification (KYC). If you have not signed up yet, create your Coinepay account and finish verification first. You can manage everything from the 24/7 self-service dashboard or the Coinepay app for iOS and Android.
Every transfer is subject to identity verification, sanctions screening and local regulations. Coinepay screens all customers and counterparties against sanctions lists, and may ask you for supporting information such as the purpose of the transfer or the source of funds. Use your real identity and your recipient's real, legal details—accurate information is what keeps the payment moving.
Taiwan currency and what the recipient needs
The local currency in Taiwan is the New Taiwan dollar (TWD). Coinepay shows multi-currency options when you set up the transfer, so you can see how the amount converts before you send.
What you collect from your recipient depends on the payout method. In all cases you need the recipient's full legal name exactly as it appears on their bank record or government ID.
Bank account deposit
For a deposit straight into a Taiwanese bank account, ask the recipient for:
- Full legal name as registered with the bank.
- Bank account number. Taiwan does not have a registered national IBAN format, so use the plain account number the recipient's bank provides—do not request a Taiwanese IBAN.
- The receiving bank's SWIFT/BIC code. In Taiwan a SWIFT/BIC can identify a specific branch, so use the exact code supplied by the recipient's own bank rather than a general example.
- Bank and branch name. Confirm these with the recipient to make sure the SWIFT/BIC points to the right branch.
A universal account-number length or a single standard branch-code format for incoming international transfers to Taiwan is not something you should assume—ask the recipient to confirm the exact details with their receiving bank.
Mobile wallet
Coinepay supports mobile-wallet payouts across many corridors. Where a wallet payout to Taiwan is offered, you will see the available option during setup, and you typically need the recipient's full name and the mobile number or wallet ID registered to that wallet. If no wallet option appears for your corridor, choose bank deposit or cash pickup instead.
Cash pickup
With cash pickup, the recipient collects the funds at a participating location. For this method the recipient needs the transfer reference details you share with them and a valid government-issued photo ID whose name matches the recipient name on the transfer exactly. Payout is released only after those details are verified.
Step by step: sending to Taiwan
- Open Global Remittance. Sign in to the Coinepay dashboard or app and start a new transfer.
- Choose Taiwan as the destination and select the currency. For payouts in New Taiwan dollars, choose TWD.
- Select the payout method—bank account deposit, mobile wallet (where available) or cash pickup—and enter the recipient details for that method as described above.
- Enter the amount you want to send or the amount you want the recipient to receive.
- Review the exchange rate and fees. Coinepay shows the rate, any fees and the amount your recipient will receive clearly on screen before you commit. Check the recipient name, account number and SWIFT/BIC carefully at this stage.
- Provide any requested information. You may be asked for the purpose of the transfer or source of funds as part of compliance checks.
- Confirm the transfer. Once you approve, Coinepay processes the payment.
- Track the status. Every transfer has status tracking in the dashboard and app, so you can follow it from sent to delivered.
Recipient-side considerations in Taiwan
Taiwan applies foreign-exchange declaration rules when incoming funds are converted into New Taiwan dollars. In general terms, conversions at or above a set TWD-equivalent threshold trigger a settlement declaration, and certain larger settlements require the receiving bank to review contracts, approvals or other supporting evidence before processing. Foreign-currency amounts that are not converted into TWD are treated differently from converted amounts, so your recipient should not assume the conversion thresholds are a flat cap on receiving foreign currency.
There are also annual settlement ceilings that banks can process directly—broadly, higher allowances for resident individuals and companies and a lower per-transaction threshold for nonresidents—above which central-bank approval is needed. The practical point for you as the sender: for larger transfers, ask your recipient to check with their bank in advance what declaration or documentation they may need to complete settlement smoothly. Coinepay displays the current rate and fees before you confirm, but the receiving bank governs any local declaration steps.
Troubleshooting
Wrong recipient details
An incorrect account number, SWIFT/BIC, bank code or a name that does not match the account can delay a transfer, cause it to fail or have it returned. Re-check every field against what the recipient's bank provided before you confirm. If you spot a mistake after sending, contact Coinepay support right away through the support channel or Telegram.
Compliance review
Transfers may be held for sanctions screening or identity checks, and Coinepay may ask you for documents such as the purpose or source of funds. Respond promptly and accurately—this is the fastest way to clear a review. Never split a transfer, route it through a third party or try to work around these checks.
Delays
On the receiving side, a bank's required declaration, identity check, supporting documents or—for very large amounts—central-bank approval can hold up settlement into TWD. Cash pickup waits until the recipient's ID and the transfer details are verified. Provider security reviews, the chosen payment and payout methods, and partner-system availability can also affect timing. Use status tracking to see where your transfer is.
Returned transfers
If a transfer cannot be delivered—for example because of mismatched details or a rejected deposit—it may be returned. When that happens, check your dashboard for the status and reason, correct the details, and contact Coinepay support if you need help resending.
Where Coinepay cannot send
Coinepay sends to every country and region except those under comprehensive sanctions, and does not serve sanctioned persons. Taiwan is supported. Some services are not available in every jurisdiction, and virtual-asset-related services are not available to residents of mainland China.
Ready to send? Open the Coinepay app or dashboard, choose Taiwan, review the rate and fees, and confirm. If you have questions about a specific payout method or a transfer in progress, reach out through Coinepay support.
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FAQ
What details do I need to send money to a bank account in Taiwan?
You need the recipient's full legal name, their bank account number and the receiving bank's SWIFT/BIC code, plus the bank and branch name. Taiwan has no national IBAN, so use the plain account number. Confirm the exact details with the recipient's bank.
Which payout methods can I use to send money to Taiwan with Coinepay?
You can choose bank account deposit, mobile wallet (where available for your corridor) or cash pickup. The options shown depend on your sending corridor and appear when you set up the transfer in the Coinepay app or dashboard.
What currency will my recipient in Taiwan receive?
The local currency is the New Taiwan dollar (TWD). Coinepay offers multi-currency options, and you can see how your amount converts, along with the rate and fees, before you confirm the transfer.
Why might my transfer to Taiwan be delayed or returned?
Common causes include incorrect account numbers, bank codes or recipient names, compliance or sanctions reviews, a receiving bank's required declaration or documents, and cash-pickup ID verification. Check the status in your dashboard and contact support if needed.
Does Taiwan require any declaration when receiving money from abroad?
When incoming funds are converted into TWD, Taiwan's foreign-exchange declaration rules may apply, and larger settlements can require supporting evidence or central-bank approval. Ask your recipient to confirm any declaration steps with their bank in advance.
