Mega International Commercial Bank Co., Ltd. (Mega Bank) is a pioneer in Taiwan's financial market, with its philosophy of "sound operation and excellent service", showing outstanding performance in the fields of retail banking, corporate finance and international trade finance. Formed on August 21, 2006 by the merger of China International Commercial Bank (Bank of China after privatization in 1971) and Bank of Communications (founded in 1908), its historical roots can be traced back to Hubu Bank in the late Qing Dynasty. Headquartered at No. 100, Keelung Road, Zhongshan District, Taipei, Taiwan, and a wholly-owned subsidiary of Mega Financial Holding Co., Ltd. (TWSE: 2886), Mega Bank serves more than 6 million customers and has become a leader in Taiwan's banking industry with its solid financial performance and innovative capabilities.
Basic Bank Information
Mega Bank is a commercial bank, privately owned, founded in 2006, headquartered at No. 100, Keelung Road, Zhongshan District, Taipei, Taiwan. The bank was formed by the merger of the China International Commercial Bank, which was founded in 1912, and the Bank of Communications, which began with the financial reform of the late Qing Dynasty in 1908. Mega Financial Holdings Co., Ltd. was established in 2002 to integrate banking, securities and notes businesses, and is listed on the Taiwan Stock Exchange (stock code: 2886), with major shareholders including institutional investors and public shareholders, with Mega Financial Holding as the core. Mega Bank is strictly regulated by the Financial Supervisory Commission (FSC) of Taiwan and is required to comply with the Banking Act and international financial standards to ensure operational transparency and the safety of customer funds. Its deposits are protected by Taiwan's deposit insurance system, with a maximum coverage of NT$3 million per depositor. The Bank's SWIFT code is ICBCTWTP and the Legal Entity Identifier (LEI) is 5493003NOCSC6LUWUF03. Mega Bank has 108 branches in Taiwan and 39 overseas branches (including 22 branches, 6 subsidiaries, 3 representative offices and 8 wholly-owned subsidiary branches) around the world, with approximately 6,712 employees worldwide.
Deposit & Loan Products
Deposits
Mega Bank offers a wide range of deposit products to meet the savings needs of individual and corporate customers:
Fixed deposits: 12 currencies such as NEW TAIWAN DOLLAR, USD and RMB are supported, with deposit terms ranging from 1 month to 5 years, and the minimum deposit amount is NT$5,000. In 2025, the fixed deposit interest rate will vary according to the maturity, such as about 1.225% for 1 month, 1.5% for 3 months, 1.8% for 6 months, 2.0% for 1 year, and 2.5% for 2 years (based on the average interest rate of the five major banks in Taiwan).
Featured Products:
High Yield Savings Account: Such as "Mega Uni Savings Account", which offers an annualized interest rate of up to 1.5%, and needs to maintain a balance of more than NT$100,000 with no monthly fee.
Large Certificates of Deposit (CD): Support flexible tenor, suitable for large amount of money customers, the interest rate needs to be queried through the branch or app, and the early withdrawal penalty is 90 to 180 days of interest.
Customers can check the "Cloud Interest Rate" offer through the "Mega e-Banking" app or online banking, and the deposit products support instant opening and interest rate calculation, and some accounts provide free transaction fee offers.
Demand Deposits: Including checking accounts and savings accounts, such as "Mega Savings Account", the minimum account opening amount is NT$1,000, and the base annualized rate of return (APY) is about 0.05%-0.3%, and the latest interest rate needs to be confirmed through branch or online banking. Demand deposits are divided into interest-free accounts (minimum balance of NT$10,000, suitable for individuals, companies, businesses, and organizations) and interest-bearing accounts (minimum balance of NT$1,000, need to maintain a daily balance of NT$5,000 or NT$10,000 to earn interest).
Loans
Mega Bank offers a comprehensive range of loan products to meet diverse financing needs:
mortgages: Fixed- and variable-rate mortgages with a loan amount of up to 80% of the value of the property and a repayment period of up to 30 years. In 2025, the fixed interest rate will be as low as 1.6% (3-year term), the floating interest rate will be based on the minimum lending rate (MLR, about 5.5%), and cash rebates and insurance discounts will be provided, and the application will require a credit score of 660 or more and an annual income of more than NT$30,000.
Car Loans: Support financing for new and used cars, with a loan amount of up to NT$3 million, a term of up to 72 months, an annualized interest rate (APR) as low as 1.88%, and a credit score of 660 or above.
Personal Line of Credit: Includes Mega Personal Loan (APR as low as NT$5.99% and amount up to NT$1.5 million) and asset-backed overdraft (up to NT$95% of collateral market value), with a monthly salary of NT$30,000 or above and a good credit history.
Flexible repayment options: Mortgages and personal loans offer no penalty for early repayment, weekly or bi-weekly payment plans, and a revolving line of credit for flexible debt management.
All loans are subject to bank approval, and customers are required to provide credit history, proof of income and asset information, subject to the terms of the loan agreement. Banks' trade finance services, such as letters of credit and trade loans, provide additional support to cross-border businesses.
Digital service experience
Mega Bank's mobile banking app "Mega e-Bank" is the core of its digital services, which is available for download on iOS 14.0 and above and Android 9.0 and above devices, with an App Store rating of about 4.5 and a Google Play rating of about 4.3, with users praising its quick launch (within 2 seconds) and intuitive interface (Mega e-Bank app). Core features include:
Face recognition: supports biometric authentication (such as Face ID and Touch ID), combined with strong encryption technology to ensure transaction security.
Real-time transfer: Support real-time transfer of NTD through the Taiwan interbank transfer system, with a daily limit of up to NT$1 million, international remittance covering more than 100 countries, and cooperate with Western Union and other platforms to provide low-rate transfers.
Bill management: Support online bill payment, automatic deduction and e-statement, and classify transaction records in real time.
Investment Tool Integration: Support stocks, funds, bonds, and derivatives trading through the Mega Investment Platform, providing real-time market data and investment advisory services.
The online banking platform "Mega Personal Internet Banking" supports a variety of browsers and provides similar functions, and customers can complete the account opening within 5 minutes through the application or official website. The app supports accessibility features such as dynamic font adjustment and VoiceOver compatibility for visually impaired and hearing-impaired customers. Some users reported occasional technical issues, but the bank continued to optimize the user experience (e-banking services).
Technological innovation
Mega Bank actively explores in the field of financial technology, relying on the technical resources of Mega Financial Holdings to promote digital transformation:
AI customer service: Introduce an AI-driven customer service system to analyze transaction behaviors. Detect fraud risks in real-time, with plans to launch a virtual assistant in 2025 that will support 24/7 inquiries and personalized financial advice.
Open Banking API Support: Follows the Open Banking Framework of the Financial Supervisory Commission of Taiwan and integrates with third-party service providers to provide account management and financial services interoperability, especially in the areas of trade finance and cross-border payments.
Other innovations: support for QR code payments, mobile check deposits, and the eTradeConnect platform to simplify trade finance applications; Launched online foreign currency exchange service, which allows customers to book foreign currency and collect it at designated branches via online banking; Partner with Akamai to protect DNS infrastructure from DDoS attacks and ensure online service stability. In 2024, the bank will invest NT$3 billion to upgrade its cloud technology and data analytics platform to improve operational efficiency.
Featured Services & Differentiation
Mega Bank is known for its localization and internationalization capabilities:
SME support: Customized loan and cash management services through Mega SME Services, Participate in the SME Financing Guarantee Program of the Financial Supervisory Commission of Taiwan, with a loan approval rate of up to NT$3 million in as fast as 10 seconds.
International Trade Finance: As the only designated USD/EUR settlement bank in Taiwan, it provides global trade finance services and supports cross-border transactions in countries along the "Belt and Road".
Sustainable Finance: In 2021, it adopted the Equator Principles, launched green bonds and preferential rate loans, supported environmentally friendly projects, responded to the United Nations Principles for Responsible Banking, and won the "Taiwan Green Finance Pioneer Award" in 2023.
Wealth Management: Through Mega Wealth Management, we provide individual pension funds, unit trusts and insurance products, which are in line with the global investment market and meet the needs of high-net-worth customers.
Community Contribution: Through the Mega Foundation, we will support education and charity projects, donate NT$5 million for community development in 2023, hold financial literacy lectures, and improve the financial literacy ability of young people.
Market Position & Accolades
Mega Bank is the third largest bank in Taiwan, with total assets of about NT$4.5 trillion in 2024 and revenue growth of 9.52%, ranking among the top banks in Taiwan. With 108 domestic branches and 39 overseas branches, the bank serves more than 6 million customers and occupies a leading position in the market in the field of SME and international trade finance. Its international footprint covers Asia, North America and Europe, and it ranked high on the Forbes Global 2000 list in 2023. Major honors include:
2022 Greenwich Associates SME Customer Experience Award.
The 2023 "Best Employer" certification recognizes performance in employee development and community support.
2023 "Taiwan Green Finance Pioneer Award".
Mega Bank's solid financial performance and innovative capabilities have made it a leader in the financial markets of Taiwan and the region.
> 2023 "Best Commercial Bank in Taiwan".
Conclusion
Mega International Commercial Bank Co., Ltd. has become a pioneer in Taiwan's financial market with its century-old heritage, international business layout and innovative financial services. It offers a wide range of deposit and loan products, including high-yield savings accounts, term deposits, and flexible mortgages and personal loans, to meet the diverse needs of its customers. In terms of digital services, the "Mega e-Bank" application has been widely praised for its efficient real-time transfer and investment management functions. Technological innovations, including AI customer service, open banking APIs, and mobile payment platforms, demonstrate its forward-looking digital transformation. With its SME support, international trade finance, sustainable finance commitments, and multiple industry accolades in 2023, Mega Bank continues to demonstrate strong competitiveness and influence in the financial markets of Taiwan and the region.
Note:
specific interest rates and product details may vary due to market changes, please contact the official website of Mega Bank or contact the bank directly for the latest information.
