We live in a digital age. The Taiwanese banking system ... a little less so. Transferring money overseas typically involves a visit to the bank between 9am and 3pm. You'll queue, fill out an outbound remittance form in duplicate, stamp and sign some things and just generally wait while staff do their best with the unfamiliar procedure. There is another way.* * for transfers < 500,000 TWD, to accounts you've previously set up in a special way :( Background: Remittance Classifications One of the reasons for the myriad of complicated forms when dealing with foreign exchange in Taiwan is the precise codification of transfer types required by the Central Bank. Your knowledge of the existence of these two documents will boost your standing above that of the average banker: 匯出匯款之分類及說明 Code and Description of Outward Remittance Classification 匯入匯款之分類及說明 Code and Description of Inward Remittance Classification These are updated every few years, with new versions fou
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