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Bank recommendations

 
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yamahuh



Joined: 23 Apr 2004
Posts: 1033
Location: Karaoke Hell

PostPosted: Fri Jun 08, 2007 4:19 am    Post subject: Bank recommendations Reply with quote

My wife and I are being asked to open a bank account so that some of our pay can be direct deposited by our employer. We would like to go with a bank that is recognised island wide with low fees (if there are any) and ATM access Taiwan wide as we will probably be here for a while but not necessarily in the same location.
Should we assume that all banks are accessible everywhere we go; are there any that aren't?

Recommendations?
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TaoyuanSteve



Joined: 05 Feb 2003
Posts: 1028
Location: Taoyuan

PostPosted: Fri Jun 08, 2007 5:11 am    Post subject: Reply with quote

GES switching away from daily cash payment of wages? Say it ain't so? Wink

Any bank-- or even the post office bank-- is accepted all round the island for ATM purposes. Network fees are cheap at about 6 nt per transaction. For deposit purposes, basically any bank will do.
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Aristotle



Joined: 16 Jan 2003
Posts: 1388
Location: Taiwan

PostPosted: Fri Jun 08, 2007 5:38 am    Post subject: Reply with quote

Be advised that if you keep your money in Taiwanese bank you will lose access to it when your ARC expires.
Many Taiwanese businesses have special relationships with Taiwanese banks that allow them to give there employers secret bank accounts not reported to the central government.
Many of these accounts may be used for money laundering. Use an international bank if you must and keep as little money as possible in the account.
Good Luck!
A.
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TaoyuanSteve



Joined: 05 Feb 2003
Posts: 1028
Location: Taoyuan

PostPosted: Fri Jun 08, 2007 5:54 am    Post subject: Reply with quote

Aristotle wrote:
Be advised that if you keep your money in Taiwanese bank you will lose access to it when your ARC expires.
Many Taiwanese businesses have special relationships with Taiwanese banks that allow them to give there employers secret bank accounts not reported to the central government.
Many of these accounts may be used for money laundering. Use an international bank if you must and keep as little money as possible in the account.
Good Luck!
A.


Scare mongering and conspiracy theories as usual. When you cease to be a resident of Taiwan, you may have to close down your account. You won't lose access to your money, though you shouldn't try to access your account from overseas ATM when your ARC has expired. Make sure you close down your account ahead of leaving Taiwan.

Everyting else A. said is irrelevent crap.
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yamahuh



Joined: 23 Apr 2004
Posts: 1033
Location: Karaoke Hell

PostPosted: Fri Jun 08, 2007 2:23 pm    Post subject: Reply with quote

TaoyuanSteve wrote:
GES switching away from daily cash payment of wages? Say it ain't so? Wink


Nah they still pay everyday but I do some outside classes as well and they would prefer to direct deposit instead of handing me a wad of $$'s every month.
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