Taiwan Cooperative Bank SWIFT Codes Ease International Transfers

Published: 08/22/2025
Remittance Safety SWIFT Code Taiwan Cooperative Bank
This article provides a detailed introduction to the SWIFT/BIC code TACBTWTP015 of the Taiwan Cooperative Bank (TAIWAN COOPERATIVE BANK LTD). With the precise coding, it ensures your international remittance is smooth and secure, helping you avoid delays and errors. Learn how to use this code to enhance your remittance experience.
Taiwan Cooperative Bank SWIFT Codes Ease International Transfers

In today's interconnected world, sending money across borders has become a vital means of supporting family members, funding education abroad, or conducting international business. However, navigating the complexities of international wire transfers—such as mismatched bank codes or high fees—can lead to delays or even lost funds. Understanding the role of SWIFT/BIC codes, like those used by Taiwan Cooperative Bank, is key to ensuring smooth and secure transactions.

An Overview of Taiwan Cooperative Bank

Established in 1946, Taiwan Cooperative Bank (TCB) is a comprehensive financial institution serving local agricultural cooperatives, farmers, and small-to-medium enterprises. Over decades, it has expanded across Taiwan, offering a full range of domestic and international banking services, including reliable support for cross-border remittances.

Bank Name: Taiwan Cooperative Bank

SWIFT/BIC Code: TACBTWTP015

City: Taoyuan

Address: No. 58, Zhongzheng Road, Taoyuan District, Taoyuan City

Country: Taiwan

What Is a SWIFT/BIC Code?

SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global messaging network that facilitates secure financial transactions between banks. A SWIFT/BIC code is a unique identifier assigned to each financial institution, typically consisting of 8 to 11 characters:

  • Characters 1–4: Bank code (e.g., TACB for Taiwan Cooperative Bank).
  • Characters 5–6: Country code (e.g., TW for Taiwan).
  • Characters 7–8: Location code (city or region).
  • Characters 9–11 (optional): Branch code.

For example, TCB's code— TACBTWTP015 —pinpoints its specific branch in Taoyuan, streamlining international transfers.

Why SWIFT/BIC Codes Matter for International Transfers

Accuracy in SWIFT/BIC codes is critical for successful cross-border payments. Here’s why:

  1. Precision: The code ensures funds reach the exact recipient bank, avoiding misrouting.
  2. Speed: Errors can cause delays, additional fees, or returned transfers.
  3. Security: The standardized system minimizes fraud risks and enhances transparency.

How to Use SWIFT/BIC Codes for Transfers

Follow these steps to avoid common pitfalls:

  1. Verify recipient details: Confirm the bank’s name, SWIFT/BIC code, and branch.
  2. Double-check the code: Even a single typo can derail the transaction.
  3. Compare fees: Banks and third-party services vary in cost and processing time.
  4. Choose the right method: Options include traditional bank wires, online platforms (e.g., Wise, PayPal), or mobile apps.

Common Challenges and Solutions

Despite precautions, issues may arise:

  • Delays: Often caused by incorrect codes. Always revalidate details before sending.
  • High fees: Research alternatives to find cost-effective services.
  • Exchange rate fluctuations: Monitor rates and time transfers strategically.
  • Rejected transactions: Compliance checks may freeze funds. Contact your bank for resolution.

Conclusion

Mastering SWIFT/BIC codes empowers individuals and businesses to execute international transfers efficiently. Institutions like Taiwan Cooperative Bank provide robust frameworks to facilitate these transactions. By prioritizing accuracy, understanding fees, and selecting appropriate tools, senders can navigate global finance with confidence, ensuring timely and secure delivery of funds.

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