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Send money from United States to Taiwan(USD → TWD)
USD
TWD|Updated recentlyMid-market 31.6909Cheapest today
Wise
Rate 31.6878 · Fee free
You send
$1,000
Recipient gets
NT$31,688
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from United States to Taiwan in May 2026 is Wise, which delivers 31,687.78 TWD on a 1,000 USD transfer with a fee of zero.
Last reviewed: by Awais Imran, Reviews Editor
↗
Rates are good right now
51th percentile
Based on 54 days of data (2026-03-28 to 2026-05-20)
Today's best
NT$3,168.7
Wise
54-day avg
1 USD = 31.65 TWD
Best rate
32.05
2026-03-30 · Wise
Worst rate
31.32
2026-05-09 · Wise
What is the cheapest way to send USD to TWD?
Sending $1,000 from United States to Taiwan. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 31.6878·Fee Free·0.01% markup
Best rate 54 of 54 days
↓ 1.1% over 54dAvg: 31.65 TWD (+0.1% vs avg)Range: 31.32–32.05
1
WiseBest value
Instant to 2 days0.01% markup
Best rate 54 of 54 days
↓ 1.1% over 54dAvg: 31.65 TWD (+0.1% vs avg)Range: 31.32–32.05
31.6878
Free
NT$31,687.78
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Find the best way to send money from United States to Taiwan. Our comparison tool shows live rates from 15+ providers — see exactly how much TWD your recipient will receive after all fees.
American expats and immigrants regularly send money to Taiwan. The cost difference between providers can be significant — banks typically charge 3–5% in hidden exchange rate markups, while specialist services like Wise, Remitly, and WorldRemit offer rates much closer to the mid-market rate. Our comparison shows the total TWD received from each provider after all fees and markups.
Which provider offers the best USD to TWD rate?
Wise
4.3Exchange rate
31.6878
Fee
Free
Recipient gets
NT$31,687.78
Speed
Instant to 2 days
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the United States to Taiwan route.
Cheapest transfer
Wise
Delivers the most TWD for your money
Fastest transfer
Wise
Delivers in Instant to 2 days
Bank transfer
Wise
Best rate for bank deposit to Taiwan
How to send money to Taiwan
Sending money to Taiwan is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much USD you want to send, compare providers above, and pick the one offering the best TWD amount for your transfer to Taiwan.
Step 2
Add your recipient
Enter your recipient's details in Taiwan — you'll need their bank account number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit typically takes 1–3 business days.
What you need to send money to Taiwan
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full name as registered with their Taiwanese bank account
Bank account number
Taiwanese bank account number (typically 12–14 digits)
Example: 12345678901234
Bank code
3-digit bank code identifying the financial institution (e.g. 004 for Bank of Taiwan, 008 for Hua Nan)
Example: 004
Branch code
4-digit branch code
Example: 0012
SWIFT/BIC code
SWIFT code for international wire transfers
Note: Taiwan does not use the IBAN system. Transfers require a 3-digit bank code, 4-digit branch code, and account number. The bank code plus account number forms a unique identifier in the domestic FISC (Financial Information Service Co.) payment network.
Transfer examples: USD to TWD
See how much your recipient would get for common transfer amounts.
Send $500
ProviderFeeReceives
Wise
31.69 · Instant to 2 days
ProviderFeeRateReceivesSpeed
WiseFree31.69NT$15,844Instant to 2 days
Send $1,000
ProviderFeeReceives
Wise
31.69 · Instant to 2 days
ProviderFeeRateReceivesSpeed
WiseFree31.69NT$31,688Instant to 2 days
Send $5,000
ProviderFeeReceives
Wise
31.69 · Instant to 2 days
ProviderFeeRateReceivesSpeed
WiseFree31.69NT$158,439Instant to 2 days
How much does it cost to send money from United States to Taiwan?
Transfer fees from United States to Taiwan vary by provider. Specialist services charge $0–10 per transfer, while banks charge $25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total TWD your recipient receives, not just the advertised fee.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically $0–$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (31.6909).
Ways to send money to Taiwan
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Bank deposit is the primary method in Taiwan. Taiwan has a highly developed and efficient banking system. LINE Pay and JKoPay are popular domestic payment platforms but international inbound support is limited.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
How can my recipient receive money in Taiwan?
Your recipient in Taiwan can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit
1–3 business days
Direct SWIFT transfer to Taiwanese bank accounts. The standard method for international transfers.
WiseRemitlyWorldRemitWestern Union+1 more
Cash Pickup
Minutes
Collect cash from agent locations in Taiwan.
Western UnionMoneyGram
What are the transfer limits and regulations for Taiwan?
Important rules and requirements to know before sending money to Taiwan.
Regulatory body
Central Bank of the Republic of China (Taiwan) — CBC
Inbound transfer limits
Single inward remittance capped at USD 500,000 for individuals without prior approval; annual cap of USD 5 million
Documentation you may need
- Sender's government-issued photo ID
- Recipient's ARC (Alien Resident Certificate) or Taiwan National ID
- Purpose of remittance declaration for amounts over USD 500,000
- Tax ID for regulatory compliance
Important things to know
- Taiwan has foreign exchange controls — inbound remittances over USD 500,000 require prior CBC approval.
- The New Taiwan Dollar (TWD) is a managed float currency.
- Taiwanese banks are required to report all inbound transfers to the CBC for statistical purposes.
- Settlement may take an extra day due to Taiwan's time zone and banking hours.
How long does it take to send money to Taiwan?
Most transfers from United States to Taiwan arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to Taiwan for a small premium.
FastExpress delivery
- WiseInstant to 2 days
Popular banks in Taiwan
These are the most commonly used banks for receiving international transfers in Taiwan.
BankSWIFT/BICNotes
Bank of Taiwan
BKTWTWTP
CTBC Bank
CTCBTWTP
Cathay United Bank
UWCBTWTP
Taipei Fubon Commercial Bank
TPBKTWTP
E.SUN Commercial Bank
ESUNTWTP
Mega International Commercial Bank
ICBKTWTP
USD to TWD Exchange Rate History
Daily best exchange rates from top providers over the last 54 days. Rates shown are for sending $100.
| Date | Wise | __mid Market__ |
|---|---|---|
| Trend | ||
| May 20 | 31.6870✓ | 31.6870✓ |
| May 19 | 31.5780✓ | 31.5780✓ |
| May 18 | 31.6130✓ | 31.6130✓ |
| May 17 | 31.5810✓ | 31.5810✓ |
| May 16 | 31.5810✓ | 31.5810✓ |
| May 15 | 31.5860✓ | 31.5860✓ |
| May 14 | 31.5390✓ | 31.5390✓ |
| May 13 | 31.5240✓ | 31.5240✓ |
| May 12 | 31.4270✓ | 31.4270✓ |
| May 11 | 31.3770✓ | 31.3770✓ |
| May 10 | 31.3160✓ | 31.3160✓ |
| May 9 | 31.3160✓ | 31.3160✓ |
| May 8 | 31.4110✓ | 31.4110✓ |
| May 7 | 31.3690✓ | 31.3690✓ |
| May 6 | 31.5350✓ | 31.5350✓ |
| May 5 | 31.6430✓ | 31.6430✓ |
| May 4 | 31.5880✓ | 31.5880✓ |
| May 3 | 31.6290✓ | 31.6290✓ |
| May 2 | 31.6290✓ | 31.6290✓ |
| May 1 | 31.5790✓ | 31.5790✓ |
| Apr 30 | 31.6270✓ | 31.6270✓ |
| Apr 29 | 31.5700✓ | 31.5700✓ |
| Apr 28 | 31.5080✓ | 31.5080✓ |
| Apr 27 | 31.4020✓ | 31.4020✓ |
| Apr 26 | 31.4630✓ | 31.4630✓ |
| Apr 25 | 31.4630✓ | 31.4630✓ |
| Apr 24 | 31.5480✓ | 31.5480✓ |
| Apr 23 | 31.5080✓ | 31.5080✓ |
| Apr 22 | 31.4850✓ | 31.4850✓ |
| Apr 21 | 31.4740✓ | 31.4740✓ |
| Apr 20 | 31.5140✓ | 31.5140✓ |
| Apr 19 | 31.4800✓ | 31.4800✓ |
| Apr 18 | 31.4800✓ | 31.4800✓ |
| Apr 17 | 31.5880✓ | 31.5880✓ |
| Apr 16 | 31.5550✓ | 31.5550✓ |
| Apr 15 | 31.6110✓ | 31.6110✓ |
| Apr 14 | 31.7080✓ | 31.7080✓ |
| Apr 13 | 31.7860✓ | 31.7860✓ |
| Apr 12 | 31.7420✓ | 31.7420✓ |
| Apr 11 | 31.7420✓ | 31.7420✓ |
| Apr 10 | 31.7640✓ | 31.7640✓ |
| Apr 9 | 31.7890✓ | 31.7890✓ |
| Apr 8 | 31.8250✓ | 31.8250✓ |
| Apr 7 | 31.9370✓ | 31.9370✓ |
| Apr 6 | 31.9180✓ | 31.9180✓ |
| Apr 5 | 31.9950✓ | 31.9950✓ |
| Apr 4 | 31.9950✓ | 31.9950✓ |
| Apr 3 | 31.9800✓ | 31.9800✓ |
| Apr 2 | 31.9380✓ | 31.9380✓ |
| Apr 1 | 32.0280✓ | 32.0280✓ |
| Mar 31 | 31.9600✓ | 31.9600✓ |
| Mar 30 | 32.0470✓ | 32.0470✓ |
| Mar 29 | 31.9920✓ | 31.9920✓ |
| Mar 28 | 32.0390✓ | 32.0390✓ |
Common questions about sending money from United States to Taiwan
What is the cheapest way to send money from United States to Taiwan?
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
How long does it take to send money from United States to Taiwan?
Most specialist providers deliver to Taiwan within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
How much does it cost to send $1,000 from United States to Taiwan?
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much TWD your recipient would receive from a $1,000 transfer today.
Can I send money from United States to Taiwan online?
Yes, all the providers we compare support online transfers from United States to Taiwan. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Is it better to use a bank or a money transfer service to send money to Taiwan?
Money transfer services are almost always cheaper. Banks typically charge $25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge $0–10 with markups under 1%, saving you significantly on every transfer to Taiwan.
Everything about sending money to Taiwan
Recipient requirements, delivery methods, regulations, popular banks, and more.
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