Q8:Is there any amount limitation for local and foreign currency inward and outward money transfer?
A :
The terms and conditions are as follows:
Service functions
Corporation
Individual
Ceiling amount
of each transfer
Ceiling amount
of accumulated in same day
Ceiling amount
of each transfer
Ceiling amount
of accumulated in same day
Local and foreign currency money transfer between accounts in S.C.S.B. except transactions with exchange into foreign currency
No limitation
No limitation
No limitation of transfer between accounts of same person
NTD20 Million to transferred to other person's account
equal to USD600 thousand to transferred for foreign currency account
Local currency transfer to other bank account
NTD50 million
No limitation
NTD20 million
Foreign currency transfer to other bank account
No limitation
No limitation
Equal to USD600 thousand
Transactions with exchange between local and foreign currency