Compare rates and fees for sending money to Taiwan
There are multiple ways to easily send and receive money in Taiwan but these will largely depend on the provider you decide to use.
What’s the Fastest Way to Send Money to Taiwan?
The fastest way to send cash to Taiwan is through MoneyGram. With MoneyGram, you can expect your money to reach its Taiwanese destination in a matter of minutes, or in some cases hours. MoneyGram is generally great for speed, and they offer decent rates as well.
What’s the Cheapest Way to Send Money to Taiwan?
The cheapest way to send currencies to Taiwan is through OFX. With OFX, you generally pay very low rates, and this is particularly true when you send larger volumes at once. OFX doesn’t charge upfront, stated fees, but they instead charge small conversion fees based on the amount of money being sent. If you send a minimal amount of money through an OFX transaction, you’ll pay low rates. If you send a lot of money at once through OFX (especially USD$1000+), then you can rest assured you’re getting the best possible rates by a larger margin.
The only catch with OFX is that they have a minimum transfer size requirement which is much larger than those set by other money transfer services. This shouldn’t be a huge problem most of the time, but if you can’t abide by the minimum transfer size requirement, Wise offers great rates and could serve as a replacement to OFX.
What’s the Easiest Way to Send Money to Taiwan?
The easiest way to send currencies online to Taiwan is through Wise. Wise is a peer-to-peer money transfer system that makes transferring currencies to Taiwan very easy. Once you set up your account, you just need to follow their simple process whenever you need to send money:
1) Tap in the amount of money to be sent
2) Tap in the destination for the money
3) Pay Wise for the transaction
4) Wait a day or two for your money to reach its Taiwanese destination
What’s the Overall Best Way to Send Money to Taiwan?
The overall best way to send cash online to Taiwan is through OFX. OFX is great because they offer the best rates available while also making the money transfer process relatively easy. The company focuses on international currency conversion, but also sends money at great rates. With OFX, you can expect the best rates and good service on a regular basis. The waiting times aren’t too bad either, at just one day or two before your money reaches its Taiwanese destination.
The USD to TWD exchange rate
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