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Next Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Next Bank runs an app-led bank in TW where the debit card carries a TWD 0 monthly fee and the easy-access savings balance pays 1.6% on a variable rate. It suits adults who want everyday spending and a personal loan arranged by the bank itself.

Key facts

Best for
App-led everyday banking in Taiwan, with a debit card, easy-access savings and personal loans together.
Monthly fee
NT$0↗
Card type
Debit↗
Card network
Visa↗
Legal entity
Next Commercial Bank Co., Ltd.↗
Headquarters
Taiwan↗
Founded
2020↗
Support channels
Chat, Phone↗
Official website
nextbank.com.tw

Loans

APR
3.31% to 15.52%↗
Loan amount
up to NT$8,000,000↗
Term
up to 120 months↗
Arrangement fee
TWD 6,000 (TWD 3,088 with MyData)↗
Credit check
Hard↗
Funding time
24-hour online application and disbursement (healthcare worker loan)↗
Representative example
NTD 300,000 borrowed over 5 years at a floating rate of 2.48%-14.59% with a NTD 6,000 origination fee, total APR 3.31%-15.52%↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
No↗
Eligibility
Taiwanese natural persons of legal age (18+) with annual income of at least TWD 300,000↗
Loan types
Personal↗

Savings

Headline rate
1.6%↗
Access terms
50 free interbank transfers per month; app-based, 24/7↗
Account kind
Easy access↗

Mortgages

Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 9 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataLinkedIn

Pros and cons

Pros

  • The debit card has a TWD 0 monthly fee on the visa network, so everyday spending adds no cost.
  • The easy-access savings balance pays 1.6% on a variable rate, under the site median of 3%.
  • Lending is arranged by a direct lender rather than a broker, with personal loans of up to TWD 8,000,000.

Cons

  • An origination fee of TWD 6,000 (TWD 3,088 with MyData) is charged on the personal loan, which bites hardest on a small borrowing.
  • Free early repayment is not offered on the personal loan, so settling the balance ahead of schedule carries a cost.
  • The 1.6% savings rate is variable, so what the balance earns can move with the market.
Next Bank

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Scored 8.4 / 10 by SumCue.

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Who it suits

  • Adults of legal age in TW who meet the bank's annual income requirement and bank mainly in an app.
  • Borrowers who want lending arranged by a direct lender rather than a broker, with a loan and a savings balance together.
  • Card users who want a visa debit card with a TWD 0 monthly fee and transfers handled in the app.

Who should look elsewhere

  • bunq or Wise, if you bank across more than one market, since Next Bank operates in a single market.
  • Varo Believe Secured Credit Card, which has a $0 monthly fee, for anyone who wants a credit card rather than a debit one.

Rates and terms

The easy-access savings balance pays 1.6% on a variable rate, well under the site median of 3%. Personal loans run at an APR of 3.31% to 15.52% with terms of up to 120. Both ends of the range can move, so the rate offered when you apply is the one that sets what you pay.

Who runs it

Next Bank is run by Next Commercial Bank Co., Ltd., based in Taiwan and founded in 2020, so the company behind the brand is a young one with a short track record. Support runs on chat and phone, which means a chat line and a phone line rather than email, and the same entity is the name to look for on the account.

How Next Bank compares

Where Next Bank is available

Available
Taiwan

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is there a monthly fee for the Next Bank card?+

The debit card runs on the visa network and the monthly fee is TWD 0, so holding it adds no recurring cost. The same account carries an easy-access savings balance, which is where the 1.6% variable rate is earned.

What do I earn on the savings balance, and can the rate change?+

The savings account is easy-access money paying 1.6% on a variable rate, below the site median of 3%. Because the rate is variable, the return can move over time, so read 1.6% as the current level rather than a promise.

How quickly can a personal loan be paid out?+

The personal loan is arranged online, and a separate healthcare worker loan is applied for and paid out through the app in a single session. On the everyday account side, 50 free interbank transfers per month; app-based, 24/7 is included, and the loan itself runs at an APR of 3.31% to 15.52% once approved.

Can I repay a personal loan early without paying a fee?+

Free early repayment is not offered on the personal loan, so clearing the balance ahead of schedule is not a no-cost move. If paying debt down early matters to you, read the early settlement terms before signing, and budget for the TWD 6,000 (TWD 3,088 with MyData) arrangement charge charged at the start.

Who can apply for a Next Bank loan?+

The lender is a direct one rather than a broker, so you deal with Next Commercial Bank Co., Ltd. itself. Applicants must be adults of legal age in TW who meet the bank's annual income requirement, and the application runs a hard credit check, which 75% of the wider market also asks for.

How much can I borrow, and over what period?+

Lending reaches up to TWD 8,000,000 over terms of up to 120, and the APR runs 3.31% to 15.52%. The setup is a direct lender arrangement for personal loans, so the money comes from the bank itself rather than being matched to you by a panel of lenders.

How do I move money and get help?+

The account is app-based and open around the clock, with 50 free interbank transfers per month; app-based, 24/7 included. Support runs on chat and phone, so a chat line in the app and a phone line cover most questions, and the same app handles the savings balance and the debit card.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.

Next Bank

Next Bank

App-led everyday banking in Taiwan, with a debit card, easy-access savings and personal loans together.

8.4/10See alternatives