Taiwan's Digital Bank Accounts Reach 29.21 Million, Annual Growth Hits Record Low of 14.2%
According to statistics released by the Financial Supervisory Commission (FSC), the total number of digital deposit accounts in Taiwan reached 29.216 million by the end of March this year, but the annual growth rate of 14.2% marked a historic low. FSC official Wang Yun-chung attributed the slowdown to a high base of existing accounts and reduced marketing by banks, while emphasizing that demand still exists. The report also listed the top five banks by account numbers, with Taishin Bank leading.
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- 📰 Published: May 19, 2026 at 23:15
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Financial Supervisory Commission (FSC) statistics show that as of the end of March this year, the number of digital deposit accounts at domestic banks reached approximately 29.216 million, with a quarterly growth rate of 3.3% and an annual growth rate of 14.2%, a record low. The FSC stated that the high base of accounts in recent years, coupled with a reduction in marketing activities by operators, has led to a relative slowdown in annual growth, but this slowdown does not mean a lack of customer demand.
The FSC today announced the status of domestic banks' digital deposit account business as of the end of March.
Wang Yun-chung, Deputy Director-General of the FSC's Banking Bureau, stated that as of the end of March, 36 domestic banks have launched online applications for digital deposit accounts, with a total of about 29.216 million accounts opened. This represents a quarterly increase of 934,000 accounts, a quarterly growth rate of 3.3%, and an annual growth rate of 14.2%, which is a record low. Among these, internet-only banks accounted for about 3.286 million accounts, a quarterly increase of 117,000, or 3.7% quarterly growth.
Wang Yun-chung pointed out that the base number of digital accounts has become high in recent years, and with fewer marketing activities from operators, the annual growth rate has slowed. However, he emphasized that a slower growth rate does not mean people no longer need digital deposit accounts. In the future, with the development of FinTech, banks may be able to propose trial runs of new types of account opening methods.
Observing the top five banks in terms of digital deposit account numbers, they are, in order: Taishin Bank with 4.68 million accounts, Cathay United Bank with 3.39 million accounts, LINE Bank with 2.36 million accounts, First Commercial Bank with 2.228 million accounts, and Bank SinoPac with 2.227 million accounts.
Digital deposit accounts are divided into three types based on identity verification methods. Type 1 accounts are opened online using a Citizen Digital Certificate. Type 2 are additional accounts opened online by existing customers who already have a deposit account with the bank. Type 3 are accounts opened online by customers of other banks (deposit or credit card) or existing credit card customers of the same bank.
The FSC today announced the status of domestic banks' digital deposit account business as of the end of March.
Wang Yun-chung, Deputy Director-General of the FSC's Banking Bureau, stated that as of the end of March, 36 domestic banks have launched online applications for digital deposit accounts, with a total of about 29.216 million accounts opened. This represents a quarterly increase of 934,000 accounts, a quarterly growth rate of 3.3%, and an annual growth rate of 14.2%, which is a record low. Among these, internet-only banks accounted for about 3.286 million accounts, a quarterly increase of 117,000, or 3.7% quarterly growth.
Wang Yun-chung pointed out that the base number of digital accounts has become high in recent years, and with fewer marketing activities from operators, the annual growth rate has slowed. However, he emphasized that a slower growth rate does not mean people no longer need digital deposit accounts. In the future, with the development of FinTech, banks may be able to propose trial runs of new types of account opening methods.
Observing the top five banks in terms of digital deposit account numbers, they are, in order: Taishin Bank with 4.68 million accounts, Cathay United Bank with 3.39 million accounts, LINE Bank with 2.36 million accounts, First Commercial Bank with 2.228 million accounts, and Bank SinoPac with 2.227 million accounts.
Digital deposit accounts are divided into three types based on identity verification methods. Type 1 accounts are opened online using a Citizen Digital Certificate. Type 2 are additional accounts opened online by existing customers who already have a deposit account with the bank. Type 3 are accounts opened online by customers of other banks (deposit or credit card) or existing credit card customers of the same bank.