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平日價
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The Bank of Taiwan handles a wide range of public-related services, including national treasury matters, government bonds, tobacco and liquor, lottery issuance, student loans, the 18% preferential interest rate for civil servants and public-school teachers, and insurance for civil servants and public-school teachers. This article explains whether there is a deadline for inheriting a Bank of Taiwan account and how the inheritance procedure is handled.。
1. Is There a Deadline for Inheriting a Bank of Taiwan Account?
There is no specific deadline for inheriting bank deposits. If there are several heirs, no individual heir may withdraw the funds alone before the estate distribution is completed. In addition, once the bank becomes aware that the account holder has passed away, it generally will not allow only one heir to withdraw the money without the required inheritance procedures.
2. Important: There Is No Inheritance Deadline, but There Are Still Risks
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Example: A grandfather who had worked as a diplomat passed away years ago and left a deposit in a Bank of Taiwan account. However, the father, who was doing business overseas, was too busy to return to Taiwan to inherit the money in the grandfather’s account. Later, the father unexpectedly passed away abroad.
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At that time, Xiaomei was traveling back and forth between Taiwan and overseas to handle funeral matters and death registration, leaving her extremely busy. When the procedure finally reached the stage of inheriting her father’s estate, Xiaomei also became a successor heir through successive inheritance. Originally, her father was supposed to inherit the money in the grandfather’s account, but the right to inherit then shifted to Xiaomei.
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However, when applying for the father’s estate list, the Bank of Taiwan deposit left by the grandfather would not appear on that list. Because the grandfather had been a civil servant, the deposit was not a small amount. As a result, a sum of money that should have been inherited could easily be overlooked. Therefore, although there is no inheritance deadline for bank deposits, heirs should still remember to handle the inheritance procedure.
►If you are worried about missing any accounts held by the deceased person, the bank account inquiry service may be used. However, this service is provided only to the account holder personally. If a legal representative or guardian applies, they must call 02-8596-2345 to notify the Bankers Association and obtain the dedicated form. If you wish to check the accounts of a deceased family member, this is considered an inheritance inquiry, and the financial estate of the deceased person must be checked through the National Taxation Bureau.
3. How to Inherit a Bank of Taiwan Account After a Family Member Dies
- After a family member passes away, the deposits left by the account holder should be claimed by all estate heirs according to the legal order of inheritance. Apart from the spouse, estate heirs are determined in the following order:
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Lineal descendants by blood, including adopted children; if there are no children, then grandchildren.
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Parents
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Siblings
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andparents
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The required documents are as follows:
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The decedent’s household deregistration transcript issued within the past three months.
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The heir’s current household registration transcript issued within the past three months, with the notes section not omitted. Either an individual transcript or a full-household transcript is acceptable.
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A full-household early handwritten household registration transcript issued within the past three months, sufficient to confirm all legal heirs.
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The household deregistration transcript of any deceased heir, issued within the past three months.
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If another person is authorized to handle the procedure:
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The bank’s standard power of attorney, affixed with the principal’s registered seal and personally signed by the principal.
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A seal registration certificate issued within the past three months, with the application purpose stated as inheritance.
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The registered seal, matching the seal registration certificate.
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The agent’s original national ID card and a copy of the principal’s national ID card.
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The official court letter approving the waiver of inheritance for recordation, if any heir has waived inheritance.
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One copy of the estate tax exemption certificate, estate tax payment certificate, or certificate of consent to transfer issued by the National Taxation Bureau, Note 1. This is not required if the deposit balance is NT$200,000 or less.
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If some of the heirs are people from Mainland China, the Mainland Chinese heirs must first petition the court at the decedent’s place of domicile to declare their inheritance intention. They must then submit the court’s approval document for recordation and handle the procedure jointly with the other heirs.
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If all heirs are people from Mainland China, unless the decedent was an active-duty military member or a retired military personnel whose estate is managed by the competent authority, the heirs, interested parties, or a prosecutor must petition the court to appoint the National Property Administration of the Ministry of Finance as the estate administrator.
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If the deposit is NT$30,000 or less, which is treated as small deposit inheritance, only the representative heir needs to provide household registration documents sufficient to prove heirship. The representative heir must personally bring their original national ID card and seal to handle the procedure, and must add a declaration in the inheritance application stating: “The consent of the other heirs has been obtained, and I am authorized to apply for and receive the inherited funds on their behalf.”
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If an heir is unable to handle the procedure in person and authorizes another person to act on their behalf, in addition to the documents listed above and the original national ID card, or original current household registration transcript, the heir must also provide one of the following documents, together with the agent’s national ID card and seal:
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If the heir is in Taiwan: the principal must provide a power of attorney, with the seal affixed matching the seal registration certificate issued by the Household Registration Office, together with the original seal registration certificate issued by the Household Registration Office.
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If the heir is overseas: the principal must provide the original authorization letter or power of attorney authenticated by the local ROC overseas mission, or by an institution established or designated by the Executive Yuan, or a private organization authorized by the Executive Yuan, such as the Straits Exchange Foundation.
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4. How Can an Inherited Bank of Taiwan Deposit Be Collected?
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By check: the bank issues a check, which the heir deposits into the designated account.
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By bank transfer: the bank transfers the funds, and the heir receives them in the designated account.
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In cash: the heir collects the funds directly in cash.
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5. Can a Bank of Taiwan Deposit Inheritance Be Handled at a Different Branch?
This depends on the account type opened at the time the passbook account was established:
- If the account was originally opened as a checking deposit account, the inheritance procedure must be handled at the original account-opening branch.
- If it is a general demand savings deposit account, the inheritance procedure may be handled at any branch.
6. LY Land Administration Agent Office Case Example: Agency Service for Seal Registration Certificate
♦ Helpful Reminder:
The seal registration certificate must have been issued by the Household Registration Office within the past three months, inclusive. The household registration transcript must have been issued after the account holder’s date of death. However, if the transcript states that a death declaration registration has been made, its validity period follows the same rule as the seal registration certificate.
7. Bank Deposit Inheritance Agency Service Fees and Items
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Per Bank |
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| Bank Deposit Inheritance Agency Service | NT$7,500 |
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Note 1: A certificate of consent to transfer refers to a certificate that may be applied for when the estate tax amount is relatively high and the heirs are temporarily unable to pay the full tax amount immediately, but urgently need to transfer the ownership of inherited estate property, such as when selling real estate. In such cases, the heirs may provide a definite tax payment guarantee to the tax authority and apply for an estate tax certificate of consent to transfer property in advance, so that the ownership transfer can be processed. This is a way to inherit estate property before the estate tax has been fully paid.
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