Taiwan Cooperative Bank Rolls Out New Rules: Accounts May Be Frozen or Closed if Irregularities Are Found

Taiwan has stepped up financial supervision to combat fraud. Accounts showing frequent openings in a short period, abnormal transfers, or shared phone numbers with flagged accounts may now be classified as “suspicious” and face immediate restrictions.

At the same time, Taiwan Cooperative Bank announced that new digital banking regulations will take effect on February 2, 2026, introducing 11 additional control measures. If an account is deemed abnormal or potentially illegal, the bank may suspend ATM cards, transfers, and electronic payments. In serious cases, accounts can be closed entirely.

One key point drawing attention is that flagged accounts with balances below NT$1,000 may be closed directly. Salary accounts that show no payroll deposits for over a month or remain inactive for extended periods may also be terminated.

The bank said the new policy aims to block fraud-related fund flows and strengthen customer security, urging users to monitor account activity carefully to avoid unexpected freezes.