Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

Next Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Next Bank is a digital-only bank in Taiwan aimed at students and travellers, paying a variable 1.6% on easy-access savings. That sits below the 3% median for savings accounts listed here, so the draw is app-based transfers and low conversion costs rather than the return.

Key facts

Best for
A student or traveller in Taiwan who wants an app-only savings account with free interbank transfers.
Headline rate
1.6%↗
Rate type
Variable↗
Access terms
50 free interbank transfers per month; app-based, 24/7↗
Account kind
Easy access↗
Legal entity
Next Commercial Bank Co., Ltd. (將來商業銀行股份有限公司)↗
Headquarters
Taiwan↗
Founded
2020↗
Support channels
Phone, Chat, Help-centre↗
Pricing model
Low FX fees
Official website
nextbank.com.tw

Everyday accounts

Currencies
3↗
Transfer fee
50 free interbank transfers per month↗
Audience
Students, Travelers
Features
Digital-only

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • Low currency conversion costs, a model only 10% of savings listings here use, with 3 currencies on the account.
  • Help is offered by phone, chat and help centre rather than in person.
  • An easy-access easy access account, so money stays withdrawable while it earns.
  • Operates as Next Commercial Bank Co., Ltd. (將來商業銀行股份有限公司) under a pure online bank licence in Taiwan.

Cons

  • The 1.6% rate sits below the 4.5% upper quartile here, so it is a convenience choice rather than a yield one.
  • A digital only bank has no branch to visit, and help runs only through phone, chat and help centre.
  • 3 currencies is modest next to the 5 median for multi-currency accounts.
Next Bank

Ready to try Next Bank?

Scored 8.4 / 10 by VaultCue.

See alternatives

Who it suits

  • Students in Taiwan building a first savings pot in an app
  • Travellers holding 3 currencies who move money between accounts often
  • People who handle banking in the app and reach help by phone, chat and help centre

Who should look elsewhere

  • Plazo ES, where the headline rate is 24.19%, if the priority is the highest advertised return.
  • PayPal Colombia, at 3.3%, for readers who want a bank savings rate rather than a payments balance.
  • AXI Card Tarjeta y Credito, at 21.59%, for savers who want a deposit account rather than a card offer.

How Next Bank compares

Where Next Bank is available

Available
Taiwan
Licence in Taiwan
Financial Supervisory Commission (金管會), Taiwan - pure online bank licence, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Next Bank pay on savings?+

Next Bank pays a variable rate of 1.6% on its savings account. Variable means the bank can move the rate rather than fixing it for a set term. The account is an easy-access one, so the balance stays withdrawable while it earns.

Is Next Bank regulated, and which body licenses it?+

Next Bank operates under a pure online bank licence granted by the Financial Supervisory Commission in Taiwan. It runs as a digital-only bank under the legal entity Next Commercial Bank Co., Ltd. and is headquartered in Taiwan.

What does it cost to move money in and out?+

Moving money is the main cost area to check. Next Bank includes 50 free interbank transfers per month as part of the account, and access is app-based, with the app working around the clock. That suits students and frequent travellers more than people who rely on branch services.

How many currencies can I hold?+

Next Bank supports 3 currencies and is built around low currency conversion costs, a model shared with 17% of brands here. The stated audience is students and travellers, and the digital-only setup means currency balances are managed in the app rather than at a counter.

How do I get help if something goes wrong?+

Support runs through phone, chat and help centre. Because the bank is digital only, there is no branch to visit, so the phone line, chat and the app carry the load. That suits readers comfortable running a savings account on a phone, and less suitable for anyone who prefers face to face banking.

What kind of account is it and how long is the term?+

The savings account is easy access and the rate is variable, so there is no fixed term to run out and the rate can be changed by the bank. Next Bank was founded in 2020 as a digital-only operation, which explains the app-first design and the transfer allowance that comes with it.

Who is this account aimed at?+

Next Bank is aimed at student and travelers, which fits an easy-access savings account and a free transfer allowance. That points to someone in Taiwan banking from a phone, holding several currencies and moving money regularly rather than locking it away.

How does the rate compare with other listings?+

The 1.6% rate sits below the 3% median across savings accounts on this site, and Next Bank ranks 348 of 473 brands on headline rate. PayPal Colombia pays 3.3% on savings, which is worth checking if the rate is the main reason to switch.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Minimum deposit, Deposit protection.

Next Bank

Next Bank

A student or traveller in Taiwan who wants an app-only savings account with free interbank transfers.

8.4/10See alternatives