Foreign Currency Deposits

Multiple currencies in one passbook

Both "foreign currency demand deposit" and "foreign currency time deposit" services are provided.

Transfer foreign currency demand deposit into time deposit

No more inconvenience from holding on to a certificate of deposit.

More flexible utilization of funds

Can be used for deposit, withdrawal, and investment.

• Individuals with an R.O.C. ID card or foreign nationals with an alien resident certificate.
• Companies, business firms, and organizations registered in accordance with the law can open an account at a foreign exchange branch.
• Individuals can fill out account opening forms of the Bank online in advance.

• The Bank ensures foreign currency deposit insurance coverage is provided up to the maximum deposit insurance limit as required by the Central Deposit Insurance Corporation.
• Foreign exchange investments and deposits may result in gains or losses, and customers must bear the risk of foreign exchange limits and losses.
• Interest accrued on foreign currency comprehensive deposits is calculated based on the minimum deposit, balance of deposit, interest rate, and actual number of days deposited.

Lump-sum Deposit (Regular Time Deposit)

• The flexible period gives you greater flexibility in asset allocation.
Includes 1 month, 3 months, 6 months, 9 months, 1 year, and odd periods such as 1 week, 2 weeks, and 3 weeks.
• Multiple currencies available for deposits, and customers using Internet banking will enjoy preferential interest rates for foreign currency time deposits with short period and low minimum amount.
※ Conduct USD fixed deposit by debiting from personal online/mobile banking foreign currency account. E.SUN offers a variety of flexible interest rates for different tenures, allowing you to choose based on your personal financial planning.

Regular Deposits (Installment Deposits)

• You can make regular deposits to invest in the variety of currencies listed on the Bank's board to diversify your exchange rate risk.
• Low initial amount makes investing in foreign exchange even easier.
• After it is designated for the first time, funds from your demand deposit account of the same foreign currency will be transferred to a time deposit upon renewal. No need to apply at the counter again.。

• If you do not have a foreign currency account at the Bank, the application method is the same as a foreign currency general account.
• If you already have a foreign currency account at the Bank, you can directly transfer funds to a foreign currency time deposit via Internet banking, mobile banking, IVR, or any branch. If you have applied for foreign exchange services and functions of Internet banking, you can apply for foreign currency regular deposits with lump-sum withdrawal.

• Interest accrual on time deposits: Deposit amount × Fixed interest rate × Actual number of days deposited ÷ Number of days in a day (the number of days in a year is calculated according to international customs: 365 days a year for GBP, HKD, SGD, ZAR, and THB, and 360 days a year for other foreign currencies).
• When a time deposit is terminated early, the principal and interest must be paid in full, the interest accrual method must be handled according regulations of the competent authority for handling early termination and calculating interest. The interest accrual period and interest rate will be calculated at 80% of the board rate on the initial deposit date. However, interest is not accrued if the deposit period does not meet the minimum period announced by the Bank.
• Only personal Internet banking is available for application of foreign currency regular deposits with lump-sum withdrawal transactions and its early termination. Check deposit details in personal online banking; no additional deposit certificate will be provided. Early termination interest is calculated as 80% of the board rate that corresponds to the actual duration held of each installment, and interest is accrued on a simple basis.
• If debits for any two installments fail during the designated deposit period, then the installment deposit contract will be automatically terminated, the principal will be transferred into your account, and interest will be calculated according to early termination provisions for foreign currency installment deposits.
• Foreign currency installment deposits cannot be used to process time deposit pledge loans (pledge setting).

NCD is issued by banks at face value, and its principal and interest is settled in full according to the coupon rate and number of days issued.

• NCD can be freely transferred and provide great flexibility for fund use.
• Individuals living in the R.O.C. are taxed separately, which help high earners save on taxes. A portion of assets or foreign currency deposits can be converted to time deposits to reduce the scope of taxation.
• Issued in USD, EUR, AUD, RMB, and JPY in denominations that are multiples of USD 100,000, EUR 100,000, AUD 100,000, RMB 500,000, and JPY 10,000,000.
• Non-physical issuance is used and registered at Taiwan Depository & Clearing Corporation (TDCC). May be freely transferred in the currency market, but the final holder shall be based on data of TDCC.

• NCD may not be withdrawn and contents of the contract may not be changed before maturity, and will be automatically transferred into a foreign currency demand deposit account upon maturity. The holder may not apply for monthly interest payments or automatic renewal and conversion of deposits.
• Interest on NCD shall be taxed according to regulations for short-term transactions instruments, and taxes shall be withheld according to income tax withholding regulations. Individuals residing in the R.O.C. are taxed separately; for-profit enterprises that have a fixed business location in the R.O.C. will withhold taxes based on the amount paid, and interest income will be taxed as business income that year. TDCC is responsible for withholding income tax on interest from NCD and supplementary premium of the National Health Insurance.
• Foreign NCD is not include in the scope of deposit insurance specified by the Central Deposit Insurance Corporation.
• Since foreign NCD can be freely transferred, the Bank does not accept applications for account balance certification.
• Account maintenance fee is collected according to fee standards set forth in the Taiwan Depository & Clearing Corporation Regulations Governing Settlement Fees of Short-term Bills Clearing and Depository Organizations.
• The shortest deposit period is 1 week and longest is 1 year.