Destinations > Asia > Taiwan

Currency, Exchange, Credit Cards, ATMs in Taiwan

Flag of Taiwan
 

Currency

Taiwan's currency is New Taiwan Dollar (TWD; symbol NT$) that equals 100 cents. Notes are available in following denominations: of NT$2,000, 1,000, 500, 200 and 100. Coins are in denominations of NT$50, 20, 10, 5 and 1.

TWD is the only currency accepted in Taiwan. Cash has to be exchanged first before making any payments at stores, hotels or restaurants. Cash is most popular form of payment and it's not uncommon to see people carrying large amounts of cash.

Cash and Money Exchange

Foreign currency can be exchanged at banks, hotels or department stores. There are almost no private moneychangers in Taiwan. If bringing cash in US dollars, travelers should be aware that damaged as well as old bills may not be accepted.

Travelers should retain all exchange receipts until departure. The bills will be necessary to exchange unused TWD back to the foreign currency. Changing TWD in their home country (or many other countries, even in Asia) may be very difficult.

ATMs

ATMs are widely available, most of them 24 hours a day. A lot of ATMs use Plus or Cirrus systems providing easy way to withdraw money from many international credit or debit cards. A large number of Cirrus/Plus ATMs is located in the 7-Eleven stores around the country.

Credit Cards

Credit cards are accepted by hotels, departments stores and larger restaurants. Small stores or restaurants will likely not accept cards. Most common cards are Visa, MasterCard and JCB.

Traveler's Checks

Traveler's Checks are accepted by most hotels, restaurants and larger stores. Checks in US dollars are advisable, since the commission to cash them will usually be lower than in other currencies.

Banking Hours

Usual banking hours are Monday to Friday, from 9:00am to 3:30pm.

Tax

A Value Added Tax (VAT) is applied to most purchases. Foreign travelers are eligible to claim VAT refund at the departure, provided that:
- they make a purchase in one of designated Tax Refund Shopping (TRS) stores,
- they make a purchase of at least NT$3000 in the same store, the same day,
- they show their passport, purchase documents at the Foreign Passenger VAT Refund Service Counter, located at the airport or seaport (Taoyuan Airport, Keelung Harbour, Hualien Airport, Hualien Harbour, Kaohsiung Airport or Kaohsiung Harbour),
- they present the purchased items at the above counter,
- the claim is made within 30 days of purchase.

Tipping

Tipping is normally not required and not expected for any services, including restaurants, hotels, bars, or taxis.


Current Taiwan New Dollar Rates

For other currencies or conversion amounts go to Currency Converter





Wired Tourist Articles

Australia's Top Ten Attractions

If you're planning a trip down under, try to visit some or all of these outstanding attractions. FRASER ISLAND - This, the largest sand island on the planet became a UNESCO World Heritage site in 1992. Lush rainforests, impressive sand cliffs and memorable freshwater lakes leave a lasting impression on the thousands who visit the island each year. Apart from its long beaches of white, glistening sand, Fraser Island also draws people hoping to catch a glimpse of its famous dingo population.

« read full article »

Great Places To Stay In Barcelona

A most populous and the capital city of Catalonia Barcelona is the second largest city in Spain and the major economic center. It is one of the most lively and elegant cities in the world. The city has much more to see and offer from the historical buildings to skyscrapers, beaches, parks and museums bars, restaurant and typical Catalan dishes.

« read full article »


Home | Travel Destinations | Travel News | Travel Directory | Volcano Tours | Gallery | Site Index | Contact WiredTourist.com
Follow us on   Follow us on YouTube  YouTube   Follow us on Flickr  Flickr   Follow us on Twitter  Twitter
©2009-2010 WiredTourist.com