Taiwan Cooperative Bank Explains SWIFT Codes for Global Transfers

Published: 08/22/2025
SWIFT code international remittance Taiwan Cooperative Bank
This article provides an in-depth explanation of the SWIFT/BIC code for Taiwan Cooperative Bank, highlighting effective ways to avoid delays in international remittances. It also recommends using Xe services for better exchange rates, transparent fees, and faster transaction times.
Taiwan Cooperative Bank Explains SWIFT Codes for Global Transfers

When making international money transfers, selecting a reliable bank is crucial. For those using Taiwan Cooperative Bank (TCB), having the correct SWIFT/BIC code is essential to avoid unnecessary delays. The SWIFT/BIC code, consisting of 8 to 11 characters, contains unique identification information about the bank.

Decoding TCB's SWIFT/BIC Code

Taiwan Cooperative Bank's SWIFT code is TACBTWTP017 . This code breaks down into the following components:

  • Bank Code (TACB) : The first four characters uniquely identify Taiwan Cooperative Bank.
  • Country Code (TW) : The two-letter code indicating the bank is located in Taiwan.
  • Location Code (TP) : These two characters specify the bank's geographical location.
  • Branch Code (017) : The final three digits designate a specific branch. A code ending with "XXX" would indicate the bank's headquarters.

Key Considerations for Smooth Transfers

Before initiating a transfer, verifying the accuracy of the SWIFT code is critical. To prevent potential issues or delays, consider these important points:

  • Bank Verification : Confirm the recipient bank's name matches the institution associated with the SWIFT code.
  • Branch Accuracy : If using a branch-specific SWIFT code, ensure it corresponds to the recipient's actual branch.
  • Country Check : Verify the country code in the SWIFT code matches the recipient bank's location.

Alternative Transfer Options

When sending money internationally through Taiwan Cooperative Bank, certain specialized services may offer advantages:

  • Competitive Exchange Rates : Some services provide more favorable rates than traditional banks, potentially saving money on transfers.
  • Transparent Fees : Clear disclosure of all charges before transaction confirmation helps users understand total costs.
  • Faster Processing : Many transfers can be completed within the same business day, offering quicker access to funds.

By properly understanding Taiwan Cooperative Bank's SWIFT/BIC code and following essential transfer guidelines, users can conduct international transactions with greater confidence, ensuring funds reach their destination efficiently.

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