Currency and tipping in Taipei

When visiting a new city, understanding local currency practices and tipping etiquette is essential for a smooth experience, especially in a bustling metropolis like Taipei. This vibrant city, known for its eclectic street food, towering skyscrapers, and rich culture, might challenge Western visitors with its unique approach to tipping and currency usage. While electronic payments are popular, cash is still favored in many traditional establishments. Making sure you have enough of the local currency, New Taiwan Dollar (NTD), can enhance your experience while unwinding in delightful night markets or savoring Taiwanese cuisine. In 2025, Taipei continues to balance tradition and technology, making understanding its currency system and tipping culture crucial for visitors and residents alike.

Taiwan Currency – New Taiwan Dollar Essential Guide

Taipei’s financial ecosystem primarily revolves around the New Taiwan Dollar (NTD), represented by the symbol NT$, sometimes referred to as ‘Yuan’. Despite the global shift towards digital transactions, the city’s rich blend of tradition and modernity reflects in its continued reliance on cash, particularly in smaller venues. Coins are available in denominations of 1, 5, 10, and 50 NT$, while banknotes come in values of 100, 500, and 1,000 NT$. Understanding these denominations is vital when navigating the bustling night markets or dealing with vendors who often prefer cash over cards.

Currency Exchange Options in Taipei

For travelers, exchanging currency at favorable rates is key to managing travel expenses effectively. While having some local currency before arriving is advisable, several options exist within Taipei for currency exchange:

• ✈️ Currency Exchange at Airports: Taipei Taoyuan International Airport offers convenient exchange services, albeit at higher rates than city centers. Opt for airport exchanges primarily for their convenience if arriving late at night.
• 🏦 City Banks and Vendors: Urban banks such as Cathay United Bank and specialized currency exchange vendors often provide better rates. Major banks such as Citibank and HSBC also accommodate international visitors seeking currency exchange services.
• 🏪 ATM Withdrawals: ATMs at post offices and convenience stores provide a reliable option for withdrawing Taiwanese dollars using international debit or credit cards. Popular networks like UnionPay, Visa, and MasterCard are widely accepted.

Before setting out, travelers should consider whether their cards require activation for international use and be mindful of withdrawal fees. Remaining flexible with multiple options ensures access to cash when most necessary, complementing electronic payment methods that continue to gain traction.

Tipping Customs in Taipei – Understanding Local Practices

Taitian tipping etiquette contrasts sharply with some Western customs, as tipping is generally not expected. In restaurants, it’s common to find a 10% service charge already included in the bill, thus eliminating the need for tipping. While this practice is becoming prevalent in mid-range and upscale dining experiences, street food vendors and smaller eateries typically do not follow this norm. The relaxed approach extends to bars and cafés where tipping is optional, especially in more upscale establishments. Patrons occasionally round up their bill as a gesture of appreciation.

When Tipping is Appreciated

Though tipping is not widespread, certain scenarios exist where gratuities might be welcomed:

• 🧳 Hotel Services: Tipping NT$50 to NT$100 to bellhops and concierge staff for their assistance is often appreciated, enhancing service in high-end hotels.
• 🔧 Guides and Drivers: Offering an extra 10% of their fee can be an excellent gesture for a job well done, particularly after tours or long drives.
• 🏨 Local Insights: Some hotels and tour operators might offer more nuanced advice on when to tip.

Ultimately, any tipping should be based on personal discretion and satisfaction with the service. Understanding Taiwan’s culture, which generally does not expect tips, ensures thoughtful and respectful interactions during your visit.

Maximizing Value with the EasyCard

Every traveler in Taipei should become familiar with the EasyCard, an essential tool that streamlines transportation payments and makes city exploration hassle-free. Widely accepted across Taipei’s MRT system, buses, and even some retail stores, the EasyCard saves both time and money. Frequent users benefit from discounts on multiple journeys, enhancing their stay by reducing transportation costs.

Benefits of the EasyCard

The EasyCard offers several advantages:

• 🚉 Convenient Transit: Allows seamless travel on Taipei’s extensive MRT network and buses without fumbling for change.
• 💸 Savings: Provides discounts on fares, particularly for frequent travelers, adding up to significant savings over a typical stay.
• 🛍️ Versatile Uses: Beyond transit, it’s accepted at various convenience stores and some food courts, ensuring a hassle-free shopping experience.

Purchasing and topping up the card is straightforward and can be done at any MRT station or convenience stores, making it a must-have for easy and efficient movement around the city.

Wallet-Friendly Alternatives for Cashless Transactions

In Taipei’s tech-savvy environment, cashless payments are continuously gaining momentum. Mobile payment systems like Apple Pay, Line Pay, and Google Pay are paving the way for modern convenience, though challenges such as fees and exchange rates must be considered. For a truly global payment experience, using wallets with multi-currency options, such as those offered by Revolut or Monzo, provides flexibility and eliminates common transaction barriers.

Choosing the Right Cashless Option

Selecting the right payment method enhances the travel experience:

• 📱 Apple Pay/Google Pay: Ideal for those familiar with mobile payment systems, but be aware of foreign transaction fees.
• 💳 Multi-currency Wallets: Options like Revolut or Monzo offer global currency adaptations, simplifying spending without worrying about rising fees.
• 🏪 Integration with Local Services: Linking these wallets with services like Uber or food delivery apps ensures a seamless travel journey.

Travelers should always confirm their chosen method’s compatibility with Taiwanese systems before departure and consider having a backup payment option.

Essential Tips for Currency Exchange in Taipei

Managing currency effectively can significantly enhance your Taipei travel experience. An ideal approach involves combining structured planning with flexible options available within the city. Here’s a quick guide to making the most of your exchange efforts:

Exchange Option 📍	Pros ➕	Cons ➖
Airports	Convenience for travelers arriving at odd hours	Higher exchange rates compared to city services
Banks	Competitive rates, availability of multiple currencies	Limited operating hours, potential service fees
ATMs at Post Offices/Stores	Available 24/7, reliable for international cardholders	Possible withdrawal limits and fees
Street Vendors	Potentially lower rates, informal settings	Higher risk of less transparency

Keep these options in mind to choose the most suitable and WalletFriendly methods for exchanging currency during your Taipei adventure. Additionally, always stay informed on current Global Currency trends and exchange rates to optimize your expenditures.

FAQ on Currency and Tipping in Taipei

• What is the best currency to carry in Taipei? Always carry the local currency, New Taiwan Dollar (NTD), as many smaller venues only accept cash.
• Is tipping necessary in Taipei? Tipping is not customary in Taipei. Most restaurants include a service charge, eliminating the need for additional tips.
• Are credit cards widely used in Taipei? Credit cards are popular in larger establishments, but it’s crucial to have cash for smaller vendors and street markets.
• Can I use PayPal in Taipei? While PayPal is not widespread for in-store transactions in Taipei, it can be used for online services and accommodations before arrival.
• How can I manage foreign transaction fees? Utilize global multi-currency cards or online wallets to digitally manage parts of the travel expenses and avoid additional fees.