When making international wire transfers, unfamiliarity with SWIFT/BIC codes can create confusion—especially when sending funds to Taiwan Cooperative Bank. The correct SWIFT code is essential to ensure your money reaches its destination safely and efficiently. This article explains Taiwan Cooperative Bank's SWIFT code (TACBTWTP010) and provides key information about the institution.
Decoding the SWIFT/BIC Structure
SWIFT codes typically consist of 8 to 11 alphanumeric characters that uniquely identify banks and their branches worldwide. For Taiwan Cooperative Bank, the code TACBTWTP010 breaks down as follows:
- First 4 characters (TACB): Bank identifier for Taiwan Cooperative Bank
- Next 2 characters (TW): Country code for Taiwan
- Following 2 characters (TP): Location identifier for the specific branch
- Last 3 characters (010): Optional branch code for precise routing
Essential Banking Information
To facilitate successful international transfers to Taiwan Cooperative Bank, users should verify the following details:
- Bank Name: Taiwan Cooperative Bank Ltd
- City: New Taipei City
- Address: 17 Jhengyi S. Rd, New Taipei, Taipei, 241
Best Practices for International Transfers
Before initiating any transfer, always confirm the recipient's current SWIFT code with their financial institution. Errors in this information can cause delays or failed transactions. Additionally, consider potential fees and processing times that may vary between banks.
The SWIFT network remains fundamental to secure global financial transactions. Proper understanding and use of SWIFT/BIC codes significantly improves the accuracy and efficiency of international money transfers. With this information, individuals and businesses can confidently transfer funds to Taiwan Cooperative Bank, ensuring smooth financial operations.