Footprints Recruiting

Sending Money Home From Taiwan

Taiwan Information - Money and Banking in Taiwan

So you've made a bundle and now you need to get it out of the country. Have you been watching the exchange rate? Is now a good time? Sometimes holding on for a week can be the difference between $100 more to you or... or $100 more from you...

Sending money home is possible by several means:

take it home with you on your person
- if you have less than $10,000USD you do NOT have to declare the money
bank wire transfer
- typically approximately $30 in bank fees from the sending bank and then another $10 receiving fee from your home country bank.
Express Mail - Certified Check or Cashier's Check
- send to someone back home that you trust will deposit it to your account.

Assuming you know as much as me about money markets and exchange rates, which is next to nothing, you pretty much send money when you have enough to make it worthwhile. Please be advised though that you CAN SHOP AROUND FOR EXCHANGE RATES. Banks will give different exchange rates to send money home. If you go to Western Union you are stuck with their rate and fees but banks are different. Be aware of this as you move through the process.