Taiwan’s cash handout program has already attracted nearly five million registrations since it opened last Wednesday. The Ministry of Finance confirmed that deposits will begin tomorrow, marking a major milestone in the government’s NT$570 billion stimulus package. The cash handout aims to support citizens amid rising living costs.
Initially, the government implemented a staggered registration system based on the final digit of national ID numbers or Alien Resident Certificates. However, the registration platform is now open to all eligible citizens, permanent residents, and spouses of Taiwanese citizens. Banks will start distributing funds at 6 p.m. tomorrow.
National Treasury Administration Director-General Chen Po-cheng said those who complete registration by today are expected to receive their cash handout on Wednesday. Lin Kuo-liang, chairman of FISC, estimated 9 to 10 million people could receive payment on day one.
Even if Typhoon Fung-wong forces offices in Taipei to close, deposit schedules will continue as planned, Lin added. Meanwhile, the Legislative Yuan’s Finance Committee inspected FISC headquarters to review preparations.
By 11 a.m. today, 4,972,810 people had completed online registration. Moreover, citizens can collect their cash handout via five methods, including direct transfers, ATM withdrawals, post office counters, special rosters in rural areas, or direct transfer for specific groups.
Those who skip online registration can claim the cash via ATMs next Monday or post offices from Nov. 24. Officials emphasized that the program is part of a broader NT$570 billion relief plan approved by the legislature on Oct. 17 and enacted on Oct. 23.
The Executive Yuan’s Anti-Fraud Command Center warned citizens of potential scams tied to the cash handout. Therefore, officials urged people to avoid sharing personal information, clicking unknown links, or providing ATM access. Authorities emphasized vigilance, stating, “Do not respond to messages claiming account anomalies or verification requests.”
With nearly five million registered and millions more expected to participate, the cash handout represents one of Taiwan’s largest direct relief initiatives in recent years. Officials encouraged prompt registration and careful attention to official guidance.
