Taiwan Digital Deposit Accounts Top 30 Million as Flagged Share Edges Up

Digital deposit accounts reflect the banking sector’s digital transformation and the public’s adoption of online financial services. As most domestic banks have introduced mobile account opening, transfers and wealth-management services, account numbers have continued to rise. But acquiring new customers has become more difficult as the market matures, making changes in the growth rate an important gauge of fintech development.

The Financial Supervisory Commission’s latest data showed that Taiwan’s 36 domestic banks had a combined 29.2163 million digital deposit accounts at the end of March 2026, up 14.19% from a year earlier. The annual growth rate fell to a new low. The FSC attributed the slowdown to a higher comparison base and fewer bank marketing campaigns, adding that it would encourage institutions to use technology to offer a broader range of online services.

Digital deposit accounts allow customers to verify their identities and open accounts online, making them an important gateway for banks seeking to advance their digital transformation and expand online financial services. Banks have attracted users with promotional interest rates and rewards in recent years, rapidly building account numbers. Slower growth also signals that the market is gradually moving from expansion to maturity.

Taiwan had approximately 28.192 million digital deposit accounts at the end of December 2025, up 15.24% from a year earlier, though the annual growth rate was the lowest on record. The Banking Bureau of the Financial Supervisory Commission cited reduced bank marketing and a higher existing account base as the two main reasons. The government will continue encouraging financial institutions to use technology to develop a wider range of online services.

Digital deposit accounts are opened by banks through online identity verification and reflect both the digitization of financial services and competition for retail customers. Taiwan’s Financial Supervisory Commission compiled data from 36 domestic banks. After sustained growth in account numbers, the pace of expansion has become an important gauge of market saturation and banks’ willingness to keep investing.

The FSC’s latest statistics showed that the 36 domestic banks had 28.1922 million digital deposit accounts at the end of December 2025, up 15.24% from the end of 2024. The annual growth rate was the lowest on record. The regulator attributed the slowdown mainly to a higher comparison base and reduced marketing by banks. However, accounts at internet-only banks continued to grow faster than the overall market average.

Digital deposit accounts allow customers to open bank accounts through online identity verification, making them an important channel for banks to promote digital finance and broaden financial inclusion. The Banking Bureau of Taiwan’s Financial Supervisory Commission said financial institutions should use technology to monitor unusual transactions and prevent fraud, rather than reject applications from ordinary customers outright in the name of “de-risking.”

Taiwan had about 28.192 million digital deposit accounts as of the end of December 2025, formally surpassing 28 million. However, both quarter-on-quarter growth for the period and full-year growth fell to record lows. The Banking Bureau attributed the slowdown mainly to fewer bank marketing campaigns and an increasingly high base of existing accounts.