What is the best way to transfer money Taiwan?

With Xendpay you can transfer money cheaply online to Taiwan. We offer a competitive exchange rate and allow you to transfer money at a low cost via our online payments system 24/7.
When you first realise that you need to transfer money to Taiwan, the options available can seem overwhelming, and there are some hidden charges involved so you will save money by spending a little time researching the best way for you to transfer money to Taiwan. 
There are three main options available to you; but which one you pick will depend on who you need to send money to and how often you need to do so. 
If you need to transfer money to a bank account in Taiwan, perhaps with the Land Bank of Taiwan or the Taichung Bank, your local high street bank might be a good place to start when researching your options as the branch should be able to set up a transfer within one meeting or phone call. However, this is a costly option due to the per-transfer fees regularly imposed and the poor exchange rates. 
Alternatively, you might want to enquire with a Money Sending Bureau about how to transfer money to Taiwan with them. These are small establishments on high streets around the world and they can usually organise a transfer to Taiwan, even if the recipient doesn't have a bank account. But with average transfer fees of between ten and 15 per cent, it is perfectly possible that his isn't the best way for you to transfer money to Taiwan either. 
Finally, there is the possibility of using a foreign exchange specialist, such as Xendpay. We have some of the most competitive currency exchange rates on the market and we do not enforce per-transfer fees on our transactions to Taiwan.
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