🏴→🇹🇼
Send Money from Scotland to Taiwan
Scottish businesses and exporters paying Taiwan suppliers. Send GBP from Scotland, receive TWD in Taiwan with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local TWD delivery = no correspondent bank fees
Save £2,223 per £100k Payment
Scotland to Taiwan corridor savings
Traditional Bank
£2,728
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local GBP collection
- ✓ Transparent 0.5% spread
- ✓ FISC (Financial Information Service)
Your Savings
81%
£2,223 per £100k
At £300k-£3M monthly, save £5,563/year
Sending from Scotland: What You Need to Know
GBP Origin Specifics
- Scotland uses GBP currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
Paying Suppliers in Taiwan: Compliance & Requirements
Regulatory Considerations
- Central Bank of China (Taiwan) foreign exchange regulations
- Customs declaration for imports
- Business Tax (5%) on services
- FSC Taiwan oversight
Payment Best Practices
- Taiwan = Semiconductor capital (TSMC), electronics manufacturing
- Strong SME ecosystem - flexible suppliers
- Hsinchu Science Park = Tech manufacturing hub
- Quality focused - rigorous testing standards
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via FISC (Financial Information Service)
Scotland → Taiwan Corridor Insights
Popular Industries
- Semiconductors
- Electronics
- Computer Hardware
Peak Trading Hours
GMT to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send GBP from Scotland to Taiwan?
Save 81% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB