Schwab Withdrawal to LINE Bank: Full Walkthrough & Notes

My first Schwab withdrawal to Taiwan (via LINE Bank).
This was recorded in May. There seems to have been a UI update in June, so some fields may look slightly different — but the flow is mostly the same.

• Wire fee: TWD 50 per transfer (regular price TWD 300; promo through 2026/06/30 — no extension announced yet...)
• Arrival time: typically 2–3 hours on business days; fastest test result was about 1 hour
• After USD arrives, you can settle to TWD directly in the LINE Bank app

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Step 1: Prepare the recipient details

Get your foreign-currency receiving details from LINE Bank:

1. On the FX account home screen, tap the three-dot icon → My Account Info

   

2. Save your English account name and account number

   

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Step 2: Submit the wire request in Schwab

1. Log in to Schwab

Login | Charles Schwab

2. Go to Transfers → Send Wire

3. Fill in the basic transfer info

1. Select the source account. If this is your first withdrawal, choose New Recipient

   

2. Choose USD as transfer currency

   

   Reference image: https://www.dryhc.com/2024/12/charles-schwab-line-bank.html

3. For intermediary setup, select the option for multiple bank accounts

This is an easy place to get stuck. LINE Bank requires an intermediary route, so this option is necessary.

4. Enter your withdrawal amount (remember Schwab's USD 15 outgoing wire fee)

5. Close the reminder popup after confirming

   

4. Fill intermediary bank details

Check the latest USD intermediary info inside LINE Bank:

1. More → Support

2. Support Services → Foreign Exchange

3. Find the USD intermediary bank details

   

Another common blocker: SWIFT may fail with
This SWIFT/BIC is currently not available to receive USD wires.
Using ABA/Routing Number worked.

Tested on 2026/05/08 with ABA routing number: 021000021.

5. Fill recipient bank info

• LINE Bank SWIFT: LITNTWTP
• IBAN or Account number: leave unselected

6. Fill recipient personal details

Use the account details from Step 1:

1. Account number (double-check — remove any hyphens)
2. Account name: must exactly match your LINE Bank profile (including capitalization and punctuation). This field cannot be pasted — type it manually.
3. Address should match your original account profile as closely as possible

   To check your registered address: click your profile icon on the Schwab website → Contact Information.
   Although there are multiple fields, they get combined, so filling in street number and Street name is enough.
   If street number has a character limit, put the building number and unit there, and put the rest in Street name.

4. Optional fields can be skipped
5. Fill city and postal code
6. Select country

7. Final confirmation and verification

• Complete SMS verification, then you should see a successful submission page

  

• Track wire status (and cancel if needed) on the Schwab transfer activity page

  

• After U.S. business hours start, status usually changes from Pending to Completed

  

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Real timeline (2026/05/11)

• 21:53: Submitted in Schwab (Pending)
• 22:37: LINE Bank app notification received; Schwab showed Completed
• 22:42: Funds arrived (under 1 hour). Total cost roughly USD 15 + TWD 50

LINE Bank inbound confirmation flow:

1. Tap Receive funds, then choose transfer purpose code 262

2. Confirm declaration and fee payment method
   Recommended: pay fee from your TWD account to reduce extra FX spread

3. Review transfer details and complete final confirmation

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Real timeline (2026/06/15)

• 23:45: Submitted in Schwab (Pending)
• 00:12: Debit already visible in transaction history (Wire Sent: WIRED FUNDS DISBURSED)
• 00:22: Schwab status changed to Completed
• 00:48: LINE Bank app notification received — must confirm receipt within the deadline

  Withdrawal on 6/15; confirmation deadline is 7/5. If you miss it, the funds will be returned and the wire fee will not be refunded.

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References

• Schwab to IB transfer tutorial (ACH)
• Charles Schwab withdrawal to Line Bank guide