Foreign Exchange Deposits
1. Qualified Applicants:
1. ROC residents 20 years old or above.
2. Foreigners 20 years old or above living in ROC.
3. Domestic corporations, firms, groups and foreign corporations officially registered.
4. Please show effective ID cards at the time of application.
2. Types of Currencies: (foreign currencies only)
US dollars, pounds, euro, Singapore dollars, Australian dollars, New Zealand dollars, Canadian dollars, Swiss Franc, HK dollars, Swedish krona, South African rand, and Japanese yen, etc.
3. Types of Currencies and Minimum Amount of Deposit:
|
Currency |
Demand Deposits |
Time Deposits (Above 7 days) |
|
USD |
100 |
1,000 |
|
HKD |
1,000 |
10,000 |
|
GBP |
100 |
1,000 |
|
AUD |
100 |
1,000 |
|
CAD |
100 |
1,000 |
|
SGD |
100 |
1,000 |
|
CHF |
100 |
1,000 |
|
JPY |
15,000 |
150,000 |
|
ZAR |
1,000 |
10,000 |
|
SEK |
1,000 |
10,000 |
|
NZD |
100 |
1,000 |
|
EUR |
100 |
1,000 |
4. Attention:
1. Foreign exchange notes or bills should be collected before being used to open the account. After the Bank confirms the collection, the account could be opened under the name of the payee.
2. To deposit a traveler’s check, a certain amount of service fee will be charged.
To deposit or withdraw cash in the original currency, a certain amount of service fee will be charged. Conversion to NT dollars is handled according to the Declaration of Foreign Exchange Receipts and Disbursements or Transactions.
3. The interest is calculated according to the interest rate announced by the Bank. Time deposits have fixed interest rate. No interest will be paid if the contract is terminated within less than one month (short-term time deposits excluded). If the contract has been effective for longer than one month, to terminate the contract, the interest will be calculated based on 80% of the simple interest rate of the original deposit date.
4. The Bank issues a Certificate of Deposit to the depositor of time deposits For demand deposits, a passbook is used as the proof of deposit and withdrawal. To deposit, please fill in a deposit form; to withdraw, please fill in a withdrawal form.
5. Automatic Renewal of Time Deposits:
To better service our customers, the Bank provides automatic renewal of time deposits. The depositor can apply for this service at the time of opening the account, or before the maturity date of the contract, or after the renewal of the contract. To apply, please fill in the application for automatic renewal, and affix the seal approved by the Bank.
After receiving the application, the Bank will automatically renew the contract on its maturity date. The term will be the same as the original contract, and the maximum renewable period is 5 years. For contract with maturity period of less than 6 months, the maximum renewable period is 3 years. By the end of the automatic renewal period, the depositor should sign a new contract of time deposits.
The Bank offers renewal services by mail for customers living in other cities. Customers only need to fill in the application, affix the registered seal, and mail the application to the Bank. The interest rate at renewal is the prevailing interest rate.
※The Bank preserves the right to amend the rules.