The cryptocurrency investment landscape in Taiwan is evolving rapidly, with traditional financial institutions beginning to embrace digital asset ecosystems. A landmark collaboration between local exchange BitoPro and Far Eastern International Bank’s digital platform Bankee has introduced the market’s first crypto-dedicated bank account, streamlining the onboarding and transaction process for investors using New Taiwan Dollar (NTD) to enter the crypto market.
This integration marks a significant step forward in bridging conventional banking services with cryptocurrency trading needs—offering enhanced transfer limits, reduced fees, and dedicated financial tools tailored for active digital asset users.
Why This Partnership Matters
For years, Taiwanese crypto investors have faced friction when depositing NTD into exchanges. Most had to manually set up virtual trust accounts with their banks, only to encounter restrictions or outright bans due to rising fraud concerns. Many banks now limit or block such arrangements, creating bottlenecks for legitimate traders.
The BitoPro x Bankee solution directly addresses these pain points by launching an officially supported, secure, and high-capacity banking channel designed specifically for crypto transactions.
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Key Benefits of the BitoPro-Bankee Crypto Account
1. Higher Transaction Limits
One of the most compelling advantages is the substantial increase in transfer capacity:
- Single transaction limit: Up to NT$1.5 million
- Daily cumulative limit: Up to NT$5 million
These thresholds far exceed standard non-contract banking limits (typically NT$30,000–100,000 per transaction). Even among contracted accounts, few offer daily caps above NT$3 million—making this offering highly competitive for serious investors.
Additionally, users enjoy zero deposit fees for NTD transfers from Bankee to BitoPro during the first year.
2. Dual-Currency Account Setup
Users gain access to both TWD and foreign currency accounts in one streamlined setup. This flexibility prepares investors for future expansion into USD-denominated crypto products and cross-border transactions.
3. High-Value Withdrawals
For traders cashing out large positions, the account supports monthly withdrawals of up to NT$40 million, subject to review and approval. This level of liquidity access is rare in retail digital banking and reflects growing institutional confidence in regulated crypto activity.
Moreover, all outbound transfers from BitoPro to Bankee are completely fee-free, regardless of amount or frequency.
Exclusive Perks: The BitoPro Luxe Co-Branded Card
New account holders receive a physical BitoPro Luxe Co-Branded Card, unlocking additional everyday banking benefits:
- 6 free interbank transfers per month
- 6 free ATM withdrawals per month
- 0.845% annual interest rate on demand deposits, paid monthly—regardless of balance size
These features enhance usability beyond trading, positioning the account as a primary financial hub rather than just a transactional gateway.
What’s Coming Next?
BitoPro and Bankee have confirmed upcoming upgrades that will further improve user experience:
- Same-day dual withdrawals: Already launched, allowing greater fund accessibility
- One-click NTD top-up from BitoPro
- Support for USD deposits and withdrawals
These developments signal a long-term roadmap focused on speed, convenience, and global interoperability.
How to Apply: Step-by-Step Guide
Opening the BitoPro-Bankee crypto-dedicated account is fully digital—but requires specific eligibility and documentation.
Eligibility Requirements
- Must be a BitoPro Level 2 verified user
Application Process
- Open the BitoPro app
- Navigate to:
Account→Bank Binding - Select:
Apply for Bankee Account Change Register on the Bankee website with:
- Government-issued ID (National ID card, health insurance card, or driver’s license)
- An active in-person bank account from another financial institution (digital-only accounts not accepted)
- Wait for SMS confirmation of successful account opening
- Upon approval, your BitoPro and Bankee accounts are automatically linked
After account activation, users can apply for limit adjustments or contracted account status the next business day.
⚠️ Note: To unlock maximum transfer limits (NT$1.5M/transaction), you’ll need a National Digital Certificate (自然人憑證) and video verification. Alternatively, visit any Far Eastern Bank branch to complete the upgrade without the certificate.
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Understanding Bankee Account Tiers & Limits
Your initial account classification depends on whether you already hold other Far Eastern Bank accounts.
If You Already Have a Far Eastern Bank Account → Class 2 Account
Initial non-contracted transfer limits:
- Single transaction: NT$50,000
- Daily total: NT$100,000
- Monthly total: NT$200,000
Upgrade via video verification + National Digital Certificate:
- Single transaction: Up to NT$1.5 million
- Daily total: Up to NT$5 million
If You Have No Prior Accounts → Class 3 Account
Initial non-contracted limits:
- Single transaction: NT$10,000
- Daily total: NT$30,000
- Monthly total: NT$50,000
After video verification (account upgrade):
- Single transaction: NT$50,000
- Daily total: NT$100,000
- Monthly total: NT$200,000
⚠️ Important: Class 3 accounts cannot apply for contracted account status, meaning they cannot reach the full NT$1.5M/NT$5M limits unless upgraded through additional identity verification steps.
Frequently Asked Questions (FAQ)
Q: Who is eligible for the BitoPro x Bankee crypto-dedicated account?
A: Only users who have completed Level 2 identity verification on BitoPro can apply.
Q: Is there a fee for transferring funds between Bankee and BitoPro?
A: All deposits from Bankee to BitoPro are free. During the first year, even standard deposit fees are waived. Outbound transfers from BitoPro to Bankee are always free.
Q: Can I use this account to trade foreign currencies like USD?
A: While USD trading isn’t live yet, the dual-currency structure indicates imminent support for USD deposits and withdrawals.
Q: Do I need a National Digital Certificate to open the account?
A: Not initially—but you’ll need one to unlock the highest transfer limits (NT$1.5M per transaction).
Q: What happens if I don’t want to get a National Digital Certificate?
A: You can still open the account and perform transfers within base limits. For higher limits without the certificate, visit a Far Eastern Bank branch for in-person verification.
Q: Are there any hidden costs or maintenance fees?
A: No. There are no monthly maintenance fees, and interest is credited monthly at 0.845% APR on available balances.
Final Thoughts
The BitoPro-Bankee partnership sets a new benchmark for crypto-fiat integration in Taiwan. By combining robust banking infrastructure with crypto-native functionality, it offers a secure, scalable, and user-friendly pathway into digital assets.
As regulatory clarity improves and demand grows, expect more collaborations like this across Asia’s financial landscape.
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