Taiwan Payment Methods and Currency Exchange Guide

Taiwan uses the New Taiwan Dollar (TWD) as its official currency. Most urban areas support a range of payment methods, but cash remains widely used, especially in smaller shops and night markets.

• Official currency: New Taiwan Dollar (TWD, code: TWD)
• Payment methods: Cash is accepted everywhere. Credit cards (Visa, MasterCard, JCB, UnionPay) are widely accepted in hotels, department stores, and chain restaurants. Mobile payments (Apple Pay, Google Pay, Samsung Pay, LINE Pay, JKoPay, Alipay) are increasingly common in cities.
• Contactless payments: Prevalent in urban areas, especially with EasyCard and iPASS for transport and some retail.
• ATMs: Widely available at banks, convenience stores, and metro stations. Most ATMs accept international cards (Plus, Cirrus, Maestro), but some may have restrictions. English-language options are common.
• Currency exchange: Available at airports, major banks (e.g., Bank of Taiwan, Mega International Commercial Bank), and licensed exchange offices. Exchange rates and fees may vary.
• Foreign currency restrictions: Import/export of TWD is limited to TWD 100,000 per person. Foreign currency up to USD 10,000 (or equivalent) can be brought in or out without declaration. Amounts above these limits must be declared to customs.
• Transaction fees: Foreign card transactions may incur a 1–3% surcharge. ATM withdrawal fees vary by bank and card issuer.
• Common issues: Some small businesses and taxis may not accept cards. Notify your bank before travel to avoid card blocks.
• Major banks: Bank of Taiwan, CTBC Bank, Mega International Commercial Bank.
• Regulations: Taiwan’s Central Bank oversees currency controls. Travelers should check for updates on official government websites.