One of Taiwan’s three pure online banks (Rakuten Group), known for higher-yield savings and Rakuten points rewards, with the entire onboarding flow inside the app.
Requires a Taiwanese ID or ARC plus a Taiwan mobile number and an account at another Taiwanese bank for verification. Tourist visa holders cannot apply.
These are stable, standing account benefits (not time-limited) — available as long as you qualify:
Long-term residents with an ARC can apply; short-stay visitors on tourist visas cannot.
No initial deposit and no minimum balance requirement.
National ID or ARC, a Taiwan mobile number, an external account for verification, and face recognition.
About 10–20 minutes in the app, with review usually the same day to one working day.
Common reasons: no ARC, a number not in your name, failed external account verification, or inconsistent details.
Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).
Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.