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Bank Account

Bank Account

1.Eligibility

►Valid Resident Status

  1. The Alien Resident Certificate (ARC) must be valid.
  2. Some banks may require a minimum length of stay in Taiwan (e.g., more than 6 months), depending on the bank’s policy.

►Age Requirement

  1. Students under 20 years old may be required to have a guardian or guarantor present when opening an account.

►Student Status

  1. International students are usually required to provide a Certificate of Enrollment to verify their study purpose and legal residence.

2.Required Documents

  1. ARC (Alien Resident Certificate): Original and copy.
  2. Passport: Original and copy.
  3. Student ID card or Certificate of Enrollment: To confirm student identity and status.
  4. Secondary ID (may be required by some banks): e.g., National Health Insurance (NHI) card, driver’s license, etc.
  5. Personal seal (chop) or signature: A personal seal is commonly required in Taiwan, though some banks accept signatures.
  6. Taiwan contact address and phone number: Needed to receive bank correspondence and ATM card.
  7. Initial deposit: Varies by bank, usually around NT$1,000.

3.Notes

  1. If the account is only needed for receiving funds (e.g., scholarships), some banks may provide a foreign currency account or an NTD account, depending on your needs.
  2. Some banks (such as Chunghwa Post, CTBC Bank, Taishin Bank) are more student-friendly and may process applications more efficiently.
  3. Asia University designated partner bank: Cathay United Bank
  4. It is recommended to contact the bank’s customer service in advance to confirm the required documents, to avoid delays due to missing paperwork.