Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

How to send money to Taiwan

Here’s the information you need when you want to send money to Taiwan from the USA.

Shirley Liu

Zak Killermann

Updated Apr 27, 2020

Fact checked

Navigating money transfer services when you want to send money to Taiwan can be frustrating — not to mention expensive — but there are options out there that can keep fees minimal and exchange rates close to market value. Compare your options to find the service that gets you the best deal.

Top pick for

Large transfers

OFX

Top pick for

Small transfers

Xendpay

Top pick for

Fast transfers & cash transfers

MoneyGram

Compare international money transfers

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
USD 1	Same day	USD 0.00	29.332	TWD 146,660	Offering no maximum and no minimum limit transfers with $0 fees.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AMD, AUD, BAM, BBD, BDT, BGN, BHD, BND, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EUR, FJD, GBP, GEL, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MKD, MUR, MWK, MXN, MYR, NAD, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, VUV, WST, XCD, XPF, ZAR Go to site Read the full review
USD 1	Within an hour	N/A	N/A	N/A	Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW, BYN Go to site Read the full review
GBP 1,000	1 - 2 days	USD 0.00	29.17	TWD 145,849	Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000). For larger transfers, get no transaction fees and no maximum send limits.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 1,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat Available currencies AED, AFN, ALL, AMD, ARS, AUD, AZN, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, LSL, MAD, MDL, MGA, MKD, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SEK, SGD, SLL, THB, TND, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VND, WST, XAF, XCD, XOF, XPF, ZAR, ZMW Go to site Read the full review
USD 1,000	1 day	USD 0.00	29.17	TWD 145,849	No-maximum limit transfers with competitive exchange rates for 100+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BND, CAD, CHF, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
USD 2,000	1 day	N/A	N/A	N/A	$0 transfer fees with rates at never more than a 2% markup.	Go to site	Compare	Show details	Details Minimum transfer amount USD 2,000.00 Transfer methods Online, Phone Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email, Branch Available currencies AED, AUD, CAD, CHF, DKK, EGP, EUR, GBP, HKD, ILS, JPY, NOK, NZD, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
USD 1	1 - 2 days	N/A	N/A	N/A	Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online Transfer options Regular payments, One off payments Customer service Phone, Chat, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
USD 1	3 - 5 days	USD 20.00	28.728	TWD 143,065	The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe.		Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Phone, Agent, Bank Account to Bank Account, International Money Order Transfer options Regular payments, One off payments Customer service Phone, Chat, Email, Branch Available currencies AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, STD, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XDR, XOF, XPF, YER, ZAR, ZMW Read the full review
USD 1	Same day	USD 8.00	28.802	TWD 143,777	Easily transfer cash to more than 350,000 locations around the world.		Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Transfer options N/A Customer service Phone, Email Available currencies AED, AFN, ALL, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, GBP, GNF, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, LRD, LYD, MAD, MGA, MXN, MYR, NGN, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SBD, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, UZS, VEF, VND, VUV, WST, XCD, XOF, XPF, ZAR Read the full review
USD 1	Same day	N/A	N/A	N/A	No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Email, Branch Available currencies AED, ALL, AMD, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, CAD, CDF, CHF, CLP, CNY, COP, CRC, DJF, DKK, DOP, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KGS, KHR, KMF, KZT, LAK, LBP, LKR, LRD, MAD, MDL, MMK, MNT, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SCR, SEK, SLL, SRD, THB, TJS, TND, TOP, TRY, TTD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, XAF, XCD, XOF, YER, ZMW, BYN Go to site Read the full review
USD 0	1 - 2 days	N/A	N/A	N/A	Special offers like free transfers and better exchange rates available for new customers. Quick, affordable transfers around the world with both express and economy options.	Go to site	Compare	Show details	Details Minimum transfer amount USD 0.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Chat, Email Available currencies ARS, BDT, BGN, BOB, BRL, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, EUR, GHS, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, INR, JMD, KES, KMF, KRW, LKR, MAD, MXN, MYR, NGN, NIO, NPR, PEN, PHP, PKR, PLN, PYG, RON, RWF, THB, TND, TRY, TZS, UGX, USD, UYU, VND, XAF, XOF, ZAR Go to site Read the full review

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What's in this guide?

Compare international money transfers
Steps to send money to Taiwan
What's the best way to send money to Taiwan?
How do I compare transfer companies?
Documentation for sending and receiving money
Bottom line
Cash pickup locations in Taiwan

Steps to send money to Taiwan

Compare your money transfer options.
Select Go to Site when you’re ready to start your transfer.
Create an account with the provider.
Provide information about recipient and select how much money you want to send.
Pay for your transfer.

You should save your tracking number once your transaction is complete. This can help you keep tabs on the progress of your transfer and will help you deal with customer service if there are any problems along the way.

What’s the best way to send money to Taiwan?

International money transfers allow you to send money to a recipient in Taiwan by exchanging your money for New Taiwan dollars. There are three main options that you can use, each with their own pros and cons.

The best way to send money to Taiwan from the USA depends on your situation. The main options include:

Blue icon representing money transfers Image: Infogram

Money transfer services

These offer some of the most cost-effective transfers as they only trade in foreign currencies. You’ll also have a variety of options for your recipient to get the money, like to a mobile wallet or home delivery.

Picture not described: BlueCoinsCashIcon_Infogram_94x62.png Image: Infogram

Cash transfers

Services such as Western Union allow you to send cash transfers for immediate pick-up by the recipient. While it’s a fast way to send money, it generally won’t match the rates or fees of dedicated money transfer services.

Picture not described: BlueBankIcon_Infogram_62x56.png Image: Infogram

Banks

The New Taiwan dollar is popular enough that your US bank will probably offer it, at least at their major branches. However, beware of the higher fees and less competitive exchange rates banks offer compared to the other options.

Let’s crunch the numbers: Sending $2,000 to Taiwan

To put this into perspective, let’s see what a transfer with each of these options looks like. This table uses real fees and exchange rates current as of January 7, 2020.

	Bank transfer	Cash transfer	Money transfer service
Fee	$30 + additional correspondent bank fees	$8.00	$0.00
Exchange rate	1 USD = 27.04 TWD	1 USD = 29.37 TWD	1 USD = 29.92 TWD
Transfer speed	2-4 days+	Minutes	1-2 days
Amount received	TWD$53,269	TWD$58,510	TWD$59,857
Overall	Slowest and most expensive	Fastest	Best value

The bank option ends up being both slow and getting the least amount of money to your recipient. If you go with the specialist money transfer service, your recipient ends up with TWD$6,588 more. However, if speed is what’s most important, the cash transfer can’t be beaten for instant transfers. Figuring out the balance between upfront fees and better exchange rates is easy to do with our comparison table above.

How do I compare transfer companies?

Exchange rates. Compare the exchange rates offered by each provider to see if you can get one that’s close to market value.
Transfer fees. Lower fees are generally better, but it may be worth paying a higher fee if it means you get a more optimal exchange rate.
Transfer methods. How you place your order matters. Will you need to visit an agent location, or can you complete the transaction from the comfort of your own home?
Turnaround time. If your recipient needs their funds quickly, choose a provider that can conduct a same-day cash pickup transfer.
Minimum transfer amount. If you only need to send a small amount, make sure the money transfer company doesn’t have a set minimum amount.
Pickup methods. Your recipient may have the opportunity to have their funds deposited directly into their bank account or may have to visit an agent location to pick up cash.
Customer service. Being able to contact the company you send money through by phone, email or through online support is key if you have problems with your transfer.

Foreign exchange rates explained

The exchange rate is how much one country’s currency is worth in another country’s currency. With the USD/TWD currency pairing, you’ll get more money when either the US dollar is strong or the New Taiwan dollar is weak.

You’ll also see that the exchange rate you get quoted from money transfer companies differs. Compare what you get quoted with the mid-market rate below, which is what your money is actually worth.

Today’s exchange rate USD to TWD

Updated: 07 Jul 2020 10:39:31 UTC

Documentation for sending and receiving money

Keeping track of your receipts isn’t just a good idea, it is typically the only way to transfer your transfer. Different documents are needed to send and receive money:

Documents to send money

Recipient’s full name. Make sure the name given matches the name on the ID the recipient will use to pick up the money.
Sender’s full name. Many companies require photo ID to send money. Also, the recipient may have to provide your full name to pick up the transfer.
Bank account information or cash pickup site. Depending on how you’re sending money, you may have to know the bank account information for your recipient.
Tracking number. This is almost always located on your receipt, do not lose it.

Documents to receive money

Government issued ID. The name on your ID must match the name given by the sender.
Sender’s name. Some transfers require you to know the contact information of the sender to confirm the transfer.
Tracking number. Recipients must present the tracking number when picking up cash from an agent location.

Bottom line

Sending money to Taiwan doesn’t have to be a big headache. In fact, when you compare different money transfer options, you may be able to find a deal that gets your recipient more New Taiwan dollars while costing you less US dollars. And if you aren’t sure what else you need to know, our guide to money transfers can help you navigate the process.

Cash pickup locations in Taiwan

Moneygram
KGI Bank – Taipei – ZHONGXIAO
Address: No. 270 Sec 4 Zhongxiao E. Road, Taipei 10694
Hours: 8:00 AM – 6:00 PM
Phone: +866-2-23263735
KGI Bank – Taipei – SONGSHAN
Address: No. 132 Xinyi District Songsan Road, Taipei, 11090
Hours: 8:00 AM – 6:00 PM
Phone: +886-2-23263735
KGI Bank – Taipei – BANKING BUSINESS DEP
Address: No. 125 Sec 5 Nanjing E. Road, Taipei, 10504
Hours: 8:00 AM – 6:00 PM
Phone: +886-2-23263735
Western Union
Yuanta Bank – Business Department
Address: No 2 Sec5 Sinyi Road Taipei City, Taipei City 110
Hours: 9:00 AM – 3:30 PM
Phone: +886-2-87869788
Yuanta Bank World Trade Center Branch
Address: 1f No 123 Sec 2 Keelung Rd Xinyi Dist Taipei City, Taipei City 110
Hours: 9:00 AM – 3:30 PM
Phone: +886-2-87869788
Yuanta Bank Sinyi Branch
Address: No 236 1 Sec 4 Sinyi Rd Da An Dist Taipei City, Taipei City 106
Hours: 9:00 AM – 5:30 PM
Phone: +886-2-27032569
Moneygram
STI Company LTD – #T38
Address: No 405 Bade 1st Road Xinxing District, Kaohsiung, 80050
Hours: 8:00AM – 11:00 PM
Phone: +886-7-2366615
KGI Bank – KAOHSIUNG – KAOHSIUNG
Address: No 80 Lingya District Siwei 3rd Road, Kaohsiung, 80250
Hours: 8:00 AM – 6:00 PM
Phone: +886-2-23263735
KGI Bank – KAOHSIUNG – ZUOYING
Address: No 368 Zuoying District Boai 2nd Road, Kaohsiung, 80147
Hours: 8:00 AM – 6:00 PM
Phone: +886-2-23263735
Western Union
Yuanta Bank Dachang Branch
Address: 1f No 501 Juemin Rd Sanmin Dist Kaohsiung City, Kaohsiung City 807
Hours: 9:00 AM – 3:30 PM
Phone: +886-7-3814488
Yuanta Bank Mingcheng Branch
Address: No 111 1dachang 2nd Rd Sanmin District Kaohsiung City, Kaohsiung City 813
Hours: 9:00 AM – 3:30 PM
Phone: +886-7-5567188
Yuanta Bank Kaofong Branch
Address: 1f No 342 Zhongshan W Rd Fengshan Dist Kaohsiung City, Kaohsiung City 830
Hours: 9:00 AM – 3:30 PM
Phone: +886-7-7403699
Moneygram
KGI Bank – TAICHUNG – TAICHUNG
Address: No 220 Sec 2 West District Taiwan Blvd, Taichung, 4035404
Hours: 8:00 AM – 6:00 PM
Phone: +886-2-23263735
KGI Bank – TAICHUNG – CHIKUANG
Address: No 99 Sec 1 Taiwan Blvd, Taichung, 40046
Hours: 8:00 AM – 6:00 PM
Phone: +886-2-23263735
KGI Bank – TAICHUNG – FENGYUAN
Address: No 329 Fengyuan District Zhongshan Road, Taichung, 4204100
Hours: 8:00 AM – 6:00 PM
Phone: +886-2-23263735
Western Union
Yuanta Bank – Taichung Branch
Address: 1f.,no.200,chun Ming Rd., North Dist., Taichung, 40466
Hours: 9:00 AM – 3:30 PM
Phone: +886-4-23293511
Yuanta Bank Chongde Branch
Address: No 46 Sec 2 Chongde Rd Beitun Dist Taichung City, Taichung City 406
Hours: 9:00 AM – 5:30 PM
Phone: +886-4-22329961
Yuanta Bank – North Taiching Branch
Address: 1 2f No 57 Sec2chongde Road Taichung City, Taichung City 406
Hours: 9:00 AM – 3:30 PM
Phone: +886-4-22328800

Thank you for your feedback!

Shirley Liu

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Ask an Expert

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

Card Finder: Get a personalized card recommendation with this free tool

Find the best personal loan offer

See how much you could save:

Find the best mortgage rates and offers

How to send money to Taiwan

Here’s the information you need when you want to send money to Taiwan from the USA.

Guides

Services

Send Money To