Online banking woes…

Even after having lived in Taiwan for quite a while, I’m still surprised every now and again at the sad state of things. How can a country that is, quite possibly, the world leader in manufacturing computing technology, be so behind when it comes to computers?

Every foreigner knows how horribly antiquated and un-foreigner-friendly Taiwanese banks are. Today, however, I had the displeasure of finding out another horrible aspect of it. It all started when Miss Expatriate signed up for online banking with Bank of Taiwan so she could wire money back to her American account without going to the bank. Since we send money back every month, this seemed like a good deal. This past week, however, when she logged in, it simply wouldn’t let her do it. She tried a few more times until she finally called them today. Their answer? You can’t use Internet Explorer 8.


That’s right. The online banking system that allows you to wire money to other accounts doesn’t work with IE 8 (or Firefox or Safari for that matter). You can use IE 6 (and, as an aside, I absolutely detest IE 6 and would gladly slap the hell out of anyone that insists on using it. I’ve strongly considered blocking IE 6 users from this site.) and possibly IE 7, but they won’t support IE 8 until mid-July.

Now, I’m no stranger to this. Oddly enough, it seems to be a preoccupation with Taiwanese web designers to make apps run only with IE 6 and no other browsers. Even my school had a web app that didn’t work until I complained a bit and now it works on IE 8. But my questions is this: how is this even done?

The Bank of Taiwan main page
The Bank of Taiwan main page
The Bank of Taiwan online baning login
The Bank of Taiwan online baning login

After looking the site over, I found out that the online banking application was written in ASP.Net, the Microsoft coding language. This was shown by the link to the actual Online Banking Login.

The Bank of Taiwan main page with link
The Bank of Taiwan main page with link

So, this begs the question: how can a webapp written in a Microsoft Language not work in a Microsoft browser? I don’t know. I’m not a programmer. I can do HTML and CSS and I’m learning Javascript, but I know nothing of ASP.Net, Ruby, Perl, or other webapp development languages. Is this something that has to do with the age of the code? Is it a nuance of IE8? Did the developer do this on purpose? I wish I had answers to these questions or that the bank would hurry up and offer support, but I guess we’ll just have to wait until mid-July to find out.

Oh, and Miss Expatriate ended up finding a school computer with IE6 on it (*shudder*) and it STILL wouldn’t work. Of course, the people at the bank were clueless and said they’d look into it. So it goes…

UPDATE: Well, Bank of Taiwan has launched a new online ATM/Banking application that runs with both IE8 and Firefox 3.5, so all is well for now. Long overdue? Yes? The nice thing is that we’ve been using it for several months now to switch money between accounts (sending money to her parents, for example) and also sending money back to an American Wells Fargo account. All of this is done online and is relatively simple. Good work, Bank of Taiwan.


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6 responses to “Online banking woes…”

  1. Walter Avatar
    Walter

    Have you considered using one of the international banks that will deal in NTD and USD? I’m thinking HSBC or Citibank, for example. I would think that might make it easier (and cheaper) to transfer money to the US.

    Cheers,
    Walter

    1. The Expatriate Avatar

      The problem is that our school will only pay us (Direct Deposit) into a Bank of Taiwan account, so everything must be filtered through that. However, as I said in the update to the post, Bank of Taiwan has updated their website and it now works quite well in IE8 and Firefox 3.5. We’ve been using it the past few months and have encountered no errors yet, so it seems to be all good.

  2. Mr. Monkey Avatar
    Mr. Monkey

    You don’t have to use your school favored bank to transfer your money overseas. You can bank at more then one bank. After the school direct deposits the money into your account, you can transfer money from your bank account to another bank account at any 7-11 ATM. Or you could do the transfer by hand and then go to your second bank. A third option is to have your bank automatically transfer money but this is only good if your school always pays you on time and you make the same amount of money every month.

    As an aside, if you send money overseas every other month you still get reasonably stable cash flow into your foreign account but cut your transaction costs and transaction times in half. You could do it every three months but you may want to get your money off the island more often then that.

    Happy Chinese New Year!

    1. The Expatriate Avatar

      Thanks for the helpful info. The problem has since been resolved. Both my wife and I have accounts at Bank of Taiwan, through which our school pays us. They make it rather easy for us to send money back simply by transfering from my account to hers and then her account to a Wells Fargo account, all online. It takes us about 2-3 days total after payday to have some money in our American bank accounts ready to pay off credit cards, etc.

      Happy Chinese New Year! 新年恭喜!

  3. Steven Su Avatar
    Steven Su

    I strongly agree with the author..

    I’ve just returned to Taiwan after living in Australia for the past 23 years..

    My first banking experience is.. OMG… are they stuck in the 80s…
    It took them at least 1.5 hours setting my basic deposit account and netbank account..

    And of course their netbank interface is a joke.. not to mention their mobile app. poor graphics and user interface…

    I’m looking to try ANZ or Citibank to see if their online service is better.

    1. The Expatriate Avatar

      I’m afraid this is one of those things you’ll have to get used to if you want to live in Taiwan. I hear that HSBC is good, but the account in Taiwan cannot be linked to an account in the US.
      I recently got a Postal Account for some side jobs I’m doing. It seems about the same. In my opinion, I would keep enough money in Taiwan for emergencies and ship the rest overseas for investment/savings.

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