Taiwain Compensation FAQ

Money



  1. How much do I get paid? If you have a bachelor's degree, your salary is $6,500 for six months. If you stay for a year you earn $15,000. For those with an associate's degree, the six-month salary is $5,500 and $12,000 for a year.
  2. What else is included in the compensation? The schools provide round-trip airfare, housing, and a monthly food stipend of $100. Round-trip airfare is for a 180 day ticket.(please ask a representative for more details)
  3. What is the exchange rate? The exchange rate fluctuates constantly, but in general it is 35 Taiwanese dollars (or kuai) to one U.S. dollar.
  4. How do I receive my salary?
  5. When you arrive, your school will help you open a bank account; then, each month, your paycheck will be deposited directly into your account. You will have an ATM card to access your money whenever you need it. Keep in mind that you may be paid in Taiwan dollars (US equivalent).

  6. Will there be any extra expenses I need to plan for? It's always good to plan for extra expenses when traveling. Pre-departure expenses include a passport, a visa, ID photos, immunizations if needed, and transportation costs to get to training. Upon arrival in Taiwan, you will need to have a medical exam in order to obtain a work permit, and the cost of this exam (usually under $100) will be taken out of your first paycheck.
  7. Do I need to bring money with me? It depends on your spending habits. Usually, your salary is sufficient for all of your needs and wants, but if you plan on traveling a lot or buying expensive souvenirs, you may want to bring some additional money. It's always a good idea to have a credit card to use for unexpected expenses.
  8. Should I take travelers' checks? Travelers' checks are secure, but they are not very user-friendly. Most people bring about half their money in cash, and take a Visa or MasterCard debit card to access the rest. Debit cards work very well in most cases.
  9. Is it safe to take cash? Carrying cash always involves some risk; however, using good judgment, being discreet when you access it, etc. minimizes this risk. Normally you will only be carrying a large amount when you travel over, when you'll also have the safety of having many people with you. When you arrive, you can simply put it in a safe place, and take out small amounts as needed.
  10. Can I use a credit card? Credit or debit cards work very well, especially Visa and MasterCard.
  11. What if I still have bills to pay while I'm in Taiwan? The easiest way to take care of these is to set up online banking. Each month you can transfer money into your U.S. account then take care of your bills electronically. Most credit card and loan companies have an online option allowing you to make payments over the Internet, but also you can use the internet for other things like finding company online with dating apps or escort services from sites like zoomescorts.co.uk/manchester/. You can also arrange for these companies to take monthly payments directly out of your account.
  12. Can I transfer money to my U.S. account from my Taiwan account? Yes, this can be done quite easily. You'll just need the account number for both accounts, the address of your bank in the States, and your passport for identification. Simply go to your bank in Taiwan and they'll help you fill out the necessary paperwork. There is a small fee assessed by the Taiwanese bank (normally around $3 U.S.), and there could be a fee associated with the receiving bank as well.
  13. Is travel expensive? The transportation system within Taiwan is quite reasonable. If you plan on traveling to other countries, it's often more economical to go through a travel agent in Taiwan rather than purchasing your tickets from the states.