How to exchange RMB for Taiwan dollars in Taiwan?

Taiwan is a treasure island with rich tourism resources in my country and has always been loved by mainland people. So, how do we exchange Taiwan dollars from the mainland to Taiwan Province of my country? Today, the editor will tell you how to exchange Taiwan dollars!

How to exchange RMB for Taiwan dollars in Taiwan 1. Exchange Taiwan dollars in mainland China

Currently, if you plan to go to a bank to exchange Taiwan dollars before departing from China, you can only go to the Bank of China. Basically, other banks Taiwan dollars cannot be exchanged at any business outlets.

You need to call or go to the Bank of China counter to make an appointment for exchange 1-2 working days in advance, but in general, the exchange rate for Taiwan dollars at Bank of China is slightly worse.

2. Exchange Taiwan Dollars at the Airport

First of all, it is absolutely not recommended to exchange Taiwan Dollars at airport exchange points in mainland China. The exchange rate is extremely poor; in addition, Hong Kong Airport is also a place with a very poor exchange rate. .

Unless you arrive in Taiwan in the middle of the night and don’t want to queue up and are in a hurry to buy phone cards, EasyCards, bus tickets, etc., you can exchange a few thousand Taiwan dollars first, and then exchange the rest when you arrive in Taiwan.

Note: The limit for bringing cash into Taiwan is 20,000 yuan (or equivalent currency) per person. If the amount exceeds the limit, you need to declare it to the customs. The excess can be deposited at the customs and can be taken away when leaving. Failure to declare will be investigated

3. Exchange Taiwan Dollars in Taiwan

1. Exchange RMB for New Taiwan Dollars at the counters of Bank of Taiwan, Mega Bank, etc. in Taoyuan, Songshan, and Kaohsiung Xiaogang Airport: Handling fee. NT$30. Exchange fees from Taiwan dollars to RMB: NT$100. There are bank counters at Taoyuan Airport’s Terminal 1 and 2 before immigration, baggage claim, and after immigration.

2 Chunghwa Post (Post Office Savings Department) exchanges RMB for New Taiwan dollars: no handling fee.

There are many banks in 3 cities that can exchange money. There is no handling fee for money exchange at these banks, but mainland tourists must present relevant identity documents , such as entry and exit permit (Taiwan Entry Permit, or dependent residence permit, or long-term residence permit), please prepare all the documents when exchanging money at the bank.

Some banks will also ask for a Chase Card Or passport (Taiwan often requires dual documents.

4. Withdraw money from ATMs in Taiwan with China UnionPay cards

You can directly use China UnionPay cards at ATMs in Taiwan (non-credit card withdrawals (you will be charged The RMB in the account uses the UnionPay exchange rate of the day, which is relatively higher than the exchange rate for cash.

Most of the ATMs in Taiwan can only withdraw up to NT$20,000 in a single withdrawal, and the Administration of Foreign Exchange. The latest requirements in 2019: The amount of cash withdrawn overseas by UnionPay RMB cards in China shall not exceed the equivalent of RMB 10,000 per person per day, and the equivalent of RMB 100,000 per person per year; it is per person, not per card.

1 Currently, more than 80% of the 16,100 ATM machines in Taiwan have the UnionPay logo. There are also ATMs with the UnionPay logo in convenience stores such as 7-ELEVEN and FamilyMart, which can be used directly.

2 There are 6,000 merchants in Taiwan. Mainland UnionPay cards can be used, especially in department stores and other shopping places, so you can rest assured. However, in some street shops and night markets, you still have to use cash. The consumption methods you can consider are: use Taiwan dollars to buy small things and large purchases. Simply swipe your card (credit card or UnionPay card), so you don’t need to carry a lot of cash or have to find a place to change money all the time.

5. Use credit cards for consumption in Taiwan

Single currency (UnionPay credit card does not have any The handling fee is directly converted into RMB and billed according to the exchange rate announced by UnionPay. The usage method is almost the same as that in mainland China. When using a dual-currency credit card to make purchases overseas, please inform the merchant to use UnionPay channels first, as long as the merchant POS machine or cashier. It can be used if it has the UnionPay three-color logo.

1. Most department stores, shops, hotels, hotels, restaurants, high-speed rail, etc. in Taiwan accept credit cards. The credit card will be recognized regardless of the bank that issued the card. International credit cards such as UnionPay, VISA/Mastercard/American Express can be used as long as they have these marks on the card.

2. When using cards overseas: Please try to use the card when shopping at regular and large merchants, and do not let the credit card leave. In your sight, the back of the credit card must be signed and must be used by yourself, not borrowed. When you have access to the Internet, please check your credit card statement through online banking to see if there are any unusual purchases.

3. If you use a dual-logo card (UnionPay + visa or master), it is recommended that the cardholder actively asks the cashier to choose the UnionPay network to ensure that you can enjoy the various benefits of the UnionPay network. Since credit cards have certain consumption limits, For large purchases, it is recommended to use UnionPay debit card. Debit card consumption is only limited by the account balance.

Having said so much, do you understand it? If you have the opportunity to go to Taiwan, remember how to exchange Taiwan dollars!