The Taiwanese cryptocurrency exchange BitoPro has partnered with Bankee, the digital banking platform by Far Eastern International Bank, to launch the market’s first crypto-exclusive bank account—a groundbreaking step in bridging traditional finance and digital assets. This innovative financial product offers users significantly higher transaction limits, fee-free withdrawals from BitoPro, and attractive interest rates, marking a new era for crypto investors in Taiwan.
With single-transaction transfers up to NT$1.5 million**, daily limits reaching **NT$5 million, and monthly crypto-to-fiat withdrawals of up to NT$40 million (subject to approval), this dedicated account is designed specifically for active traders and long-term holders who require flexibility, speed, and scalability in managing their digital asset portfolios.
👉 Discover how this new financial integration can boost your crypto liquidity and convenience.
Key Features of the Crypto-Exclusive Bank Account
This collaboration sets a new benchmark in crypto-friendly banking services in Taiwan. Here are the standout benefits:
1. Enhanced Transfer Limits
Traditional banking platforms often impose strict caps on digital asset-related transactions. Most non-designated accounts limit single transfers to between NT$30,000 and NT$100,000, while even designated accounts typically max out at NT$2 million per transaction** and **NT$3 million daily.
In contrast, the BitoPro x Bankee account allows:
- Single transfer: Up to NT$1.5 million
- Daily total: Up to NT$5 million
These elevated thresholds make it easier for users to move funds quickly and efficiently—especially crucial during high-volatility market conditions or large-scale investment opportunities.
2. Multi-Currency Support
Users can open both TWD (New Taiwan Dollar) and foreign currency accounts simultaneously. This feature is particularly valuable for investors looking to diversify holdings across different fiat currencies or prepare for international crypto trades without unnecessary conversion delays.
3. High-Limit, Fee-Free Crypto Withdrawals
One of the most compelling advantages is the ability to withdraw up to NT$40 million per month from BitoPro to the linked Bankee account—subject to review and approval. Crucially, all withdrawals are currently free of handling fees, regardless of amount or frequency.
Compare this to other local exchanges like MAX Exchange, where Level 2 users face a monthly withdrawal cap of just NT$5 million—less than one-eighth of what’s potentially available through this new offering.
Earn Interest & Get a Premium Debit Card
Beyond transactional benefits, account holders receive the BitoPro Gold-Plated Co-Branded Card, which unlocks additional financial perks:
- 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
This interest rate applies across all deposit levels, making it accessible even for smaller investors. Combined with no minimum balance requirements, the account promotes inclusivity while still catering to high-volume traders.
👉 See how you can maximize returns with smart banking integrations like this one.
Upcoming Enhancements: Faster Access to Funds
BitoPro and Bankee have announced several upcoming upgrades scheduled to roll out starting June 24, including:
- Dual daily withdrawal windows: Enables two settlement cycles per business day
- Faster TWD top-ups from Bankee to BitoPro
- Support for USD deposits and withdrawals
How Dual Daily Withdrawals Work:
This feature dramatically improves fund accessibility:
- First withdrawal: Request before 09:00 on a banking day → Funds arrive by 11:30
- Second withdrawal: Request between 09:00 and 13:00 → Funds arrive by 15:30
- Requests made after 13:00, outside business hours, or on holidays → Processed by 11:30 the next banking day
For active traders, this means greater agility in capital deployment and risk management—critical in fast-moving crypto markets.
How to Apply: Step-by-Step Guide
Eligibility is limited to BitoPro Level 2 verified users. The entire process is completed online with minimal paperwork.
Application Steps:
- Open the BitoPro App
- Navigate to Account > Bank Linking
- Select “Apply to Change Bankee Account”
Register and open an account on the Bankee website
Required documents:
- National ID / Health Insurance Card / Driver’s License
- A physical branch account from another bank (not a digital-only account)
- Wait for confirmation SMS; once approved, your BitoPro and Bankee accounts will be linked
After successful registration:
- You may apply for higher transfer limits or set up a designated account (requires a National Digital Certificate)
- Designated account upgrades take effect within T+2 business days
This streamlined onboarding reflects the growing maturity of regulated crypto-fiat infrastructure in Taiwan.
Why This Matters for Crypto Investors
The launch of a dedicated crypto banking solution signals strong institutional acceptance of digital assets. By addressing common pain points—such as low transfer limits, slow processing times, and lack of integrated financial tools—this partnership enhances user experience and builds trust in compliant crypto ecosystems.
Moreover, it demonstrates how traditional financial institutions can innovate by collaborating with licensed exchanges, fostering a safer and more efficient environment for retail and institutional investors alike.
Frequently Asked Questions (FAQ)
Q: Who is eligible to apply for the crypto-exclusive Bankee account?
A: Only BitoPro users with Level 2 verification can apply. You must also have a physical bank account from another institution (not a digital-only account) to complete registration.
Q: Are there any fees for transferring funds from BitoPro to Bankee?
A: No. All withdrawals from BitoPro to the linked Bankee account are currently free of charge, with no restrictions on amount or frequency.
Q: Can I earn interest on my balance in the Bankee account?
A: Yes. The account offers a competitive 0.845% p.a. interest rate on demand deposits, credited monthly regardless of your balance.
Q: What is the maximum monthly withdrawal amount?
A: Up to NT$40 million per month, subject to review and approval based on individual risk assessment.
Q: When will dual daily withdrawals be available?
A: The dual withdrawal feature is scheduled to launch on June 24, allowing two settlement windows on each banking day.
Q: Do I need a National Digital Certificate?
A: Not initially. However, if you wish to increase your transfer limits or register a designated account, you’ll need a National Digital Certificate for identity verification.
Final Thoughts
The BitoPro x Bankee collaboration represents a major leap forward in integrating cryptocurrency into mainstream financial services in Taiwan. With high transaction limits, multi-currency support, fee-free withdrawals, monthly interest, and future USD functionality, this product meets the evolving needs of modern digital asset investors.
As regulatory frameworks mature and partnerships between fintechs and traditional banks grow stronger, solutions like this pave the way for broader adoption—offering security, convenience, and performance in one unified platform.
👉 Stay ahead of the curve—explore seamless crypto-fiat solutions that empower your financial freedom.