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Taishin Richart review

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

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Our verdict

Taishin Richart suits expats, travelers and businesses based in Taiwan who hold several currencies and want to move money without a monthly charge. The currency conversion fee of 0% and 13 currencies carry the case, and the fixed rate of 3.5% rewards balances left in the right sub-account.

Key facts

Best for
Expats, travelers and businesses in Taiwan who want many currencies and a 0% currency conversion fee.
Monthly fee
NT$0↗
Currency conversion fee
0%↗
Currencies
13↗
Free ATM withdrawals
NT$5↗
Transfer fee
5 free interbank TWD transfers and 5 free interbank withdrawals monthly, then Taishin Bank tariff fees↗
Legal entity
Taishin International Commercial Bank Co., Ltd.↗
Headquarters
Taiwan↗
Founded
2016↗
Support channels
Phone, Email, Help-centre↗
Audience
Expats, Travelers, Business, Students, Teens
Pricing model
No monthly fee, Low FX fees
Features
Free ATM withdrawals, Digital-only
Official website
richart.tw

Savings

Headline rate
3.5%↗
Rate type
Fixed↗
Minimum deposit
NT$0↗
Access terms
5 free interbank withdrawals and 5 free interbank transfers per month; funds must be transferred into the preferential sub-account to earn the preferential rate↗
Account kind
Easy access↗

Money transfer

Payout methods
Bank↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Elsewhere
youtube.com

Pros and cons

Pros

  • A monthly fee of TWD 0 on the account, with a minimum deposit of TWD 0
  • A currency conversion fee of 0%, ranked 1 of 312 brands on that measure
  • Free interbank withdrawals and transfers up to the monthly allowance of TWD 5
  • A fixed headline rate of 3.5% with no minimum deposit barrier
  • The money sits with a banking entity, Taishin International Commercial Bank Co., Ltd., under the Central Deposit Insurance Corporation (CDIC) in Taiwan

Cons

  • Support runs on phone, email and help centre only, so help is remote rather than over a counter
  • The preferential rate needs funds held in the preferential sub-account, so money sitting elsewhere earns less
  • Ranked 82 of 379 brands on currency count, so it holds a mid-range list rather than a deep one

Ready to try Taishin Richart?

Scored 9.1 / 10 by VaultCue.

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Who it suits

  • Expats and long stays in Taiwan who need 13 currencies in one place
  • Businesses and freelancers paid into Taiwan from abroad, given the 0% conversion fee
  • Anyone who wants an account with a TWD 0 monthly fee and a TWD 0 minimum deposit

Who should look elsewhere

  • PayPal Colombia or Skrill, if receiving money through a wallet matters more than holding a bank balance
  • Plazo ES, if a savings pot with its own app is the goal rather than a multi currency current account

Using it day to day

Richart is built around a monthly allowance rather than a flat free balance. Cash machine withdrawals are free up to TWD 5 a month, and interbank transfers in TWD are free to the same monthly limit, after which Taishin Bank tariff fees apply. Anyone moving more than that each month will start paying the bank's standard charges, so the allowance matters more than the monthly fee. The listed features are free ATM access and a digital only service, which means day to day banking is handled in the app and by remote support. Support runs on phone, email and help centre, so a card problem or a transfer query is dealt with by phone, email or the help centre rather than over a counter. Payouts go to a bank account, which suits anyone already paid into a Taiwanese account.

Where it sits among rivals

Richart does well on one measure of cost and middling on another. Its currency conversion fee of 0% places it at 1 of 312 brands ranked on that figure, which is as close to the top of the table as it gets. The currency list is less striking: 13 currencies puts the account at 82 of 379 brands ranked the same way. Read together, the two ranks say the same thing. Converting money is cheap here, and the breadth of currencies is solid but not exceptional. For a reader who mainly converts between a home currency and TWD, the fee ranking is the number that matters. For a reader who needs to hold or send a long list of currencies at once, the position on currency count is the one to weigh.

Fees and currency costs

The monthly fee on the account is TWD 0, and the currency conversion fee is 0%. Transfers are the one place a charge can still appear: the allowance covers free interbank TWD transfers and free interbank withdrawals each month, then Taishin Bank tariff fees apply. That structure is generous for light everyday use and gets expensive for anyone who sweeps large sums between accounts. The savings side has no barrier either, since the minimum deposit to open and hold the account is TWD 0. For readers comparing across the table, the monthly fee matches the site median of €0 and sits at the bottom of the range that runs to €449. The conversion fee is the sharper number: it matches 0% and sits well under the site median of 0.5%.

Rates and terms

The headline rate is 3.5% and the rate type is fixed, so the return does not drift with a base rate decision. A fixed rate gives a reader a known figure for the life of the account rather than a number that changes. The condition attached to it is the detail to watch: funds have to be transferred into the preferential sub-account to earn the preferential rate. Money held outside that sub-account does not earn it, which makes the rate a reward for active management rather than a passive one. Against the wider market, 3.5% is above the site median of 3% and above the everyday accounts median of 3.25%. No minimum deposit is required to start, so the fixed rate is reachable with a small balance.

Who runs it

Richart is operated by Taishin International Commercial Bank Co., Ltd., which is headquartered in Taiwan and was founded in 2016. The provider is a bank rather than an electronic money account, and the Central Deposit Insurance Corporation (CDIC) is the deposit insurer named for TW. The account is offered to expats, travelers, businesses, students and teens, with local account details provided for the market. Support runs on phone, email and help centre: phone, email and a help centre. A banking entity with a fixed headline rate of 3.5% and a TWD 0 monthly fee gives a reader a clear answer on what holds the money and what it costs to keep the account open.

How Taishin Richart compares

Where Taishin Richart is available

Available
Taiwan
Licence in Taiwan
Central Deposit Insurance Corporation (CDIC), checked September 26, 2026

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

Frequently asked questions

What does Taishin Richart cost to keep open?+

The monthly fee on the account is TWD 0, and there is no minimum deposit barrier: the minimum deposit is TWD 0. That monthly fee matches the site median of €0 and sits at the bottom of a range that extends to €449. The account is a cheap one to hold open.

Are there fees on currency conversion?+

The currency conversion fee is 0%, which is the sharpest number on the account. It ranks 1 of 312 brands on that measure, and it matches the lowest figure seen across the site at 0%. The site median is 0.5%, so converting here costs well under a typical account.

Is my money protected and who regulates the bank?+

Richart is run by Taishin International Commercial Bank Co., Ltd., a bank headquartered in Taiwan and founded in 2016. The Central Deposit Insurance Corporation (CDIC) is the deposit insurer named for TW. Because the provider is a bank rather than an electronic money issuer, the balance sits with the bank itself.

What interest do I get and is it fixed?+

The headline rate is 3.5% and the rate type is fixed. To earn that preferential rate, funds have to be transferred into the preferential sub-account. Money held outside that sub-account does not earn it, so the rate depends on where the balance sits rather than on the balance alone.

How do I get cash and pay money in?+

Cash machine withdrawals are free up to the monthly allowance of TWD 5, and free interbank TWD transfers are included to the same limit each month. After the allowance, Taishin Bank tariff fees apply. Payouts are made to a bank account, so money arrives by transfer rather than by cheque or card.

What support can I reach when something goes wrong?+

Support runs on phone, email and help centre, covering phone, email and a help centre. The account is digital only with a free ATM feature, so help is remote and there is no branch counter listed. Card and transfer problems are handled through those channels.

How many currencies can I hold and where does that rank?+

The account covers 13 currencies, which places it at 82 of 379 brands on currency count. That is a solid list for living or trading in Taiwan, though it is not the deepest on the table. The currency conversion fee of 0% means holding several of them stays cheap to move between.

Who is the account aimed at?+

It is offered to expats, travelers, businesses, students and teens. The practical fit is for anyone based in Taiwan who earns or holds money in more than one currency, since the 0% conversion fee and 13 currencies do the work. A fixed rate of 3.5% on a TWD 0 account suits a longer stay than a short trip.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection.

Taishin Richart

Expats, travelers and businesses in Taiwan who want many currencies and a 0% currency conversion fee.

9.1/10See alternatives