CJCU News & Events Life on Campus

Date: March 10,2014

Money

Currency

Taiwan’s unit of currency is the New Taiwan Dollar (NTD). Coins come in 1, 5, 10 and 50s while notes come in denominations of 100, 500, and 1000. Most currencies can be easi-
ly exchanged at banks. Changing at the airport on arrival and prior to departure is convenient and airport exchange rates are competitive.
 

ATM Machines

ATM machines are readily available throughout Taiwan at most banks and convenience stores.
 

Credit cards

Credit cards are accepted at major hotels, resorts, stores, and restaurants, and by most bank ATM machines. There are five ATM machines on the CJCU campus: one in the First Dormitory, one in the Third Dormitory, one in the Administration Building, and one in the Sec-ond Academic Building.
 

Banking

Students who are planning to stay in Taiwan for more than one semester should ask for assistance in opening a local bank account. As in a number of other countries, the government post office operates a postal savings account system, and opening a postal savings account is a good way to begin banking in Taiwan. To open an account, you are required to provide your passport and Alien Resident Certificate (ARC).
In general, checks are not used in Taiwan and checking accounts are not available, but the wide availability of ATM machines makes cash withdrawal with a bank or postal ATM card very easy.
 

Tipping

Tipping is uncommon in southern Taiwan except when a customer uses a porter at an airport, in which case a tip of NT$50 per item of luggage is appropriate.