A woman walks past an electronic billboard promoting a NT$6,000 cash payment in Taipei on March 28. Photo: CNA

OOPS: O-Bank released the cash to its clients before the long weekend, so the government chose to disburse the payments 'as soon as possible'

By Cheng Chi-fang / Staff reporter, with CNA

The nation's eight state-run banks and several private banks yesterday deposited NT$6,000 (US$197) into the bank accounts of people who had registered online to claim the government cash payments, well ahead of the original schedule.

The change was made following an interministerial meeting convened by the Ministry of Finance late on Friday, after O-Bank Co Ltd (Wangdao Commercial Bank) earlier in the day deposited NT$6,000 in the accounts of its clients who had registered, ahead of the government's plan to release the funds on Thursday.

O-Bank Co apologized, saying that it wanted to give its clients the payment before the long weekend, which started yesterday.

Vice Premier Cheng Wen-tsan (郑文can) yesterday said that O-Bank released about NT$49 million, as just more than 8,000 of its clients had registered to claim the payment.

Using some of last year's tax surplus, the government is giving NT$6,000 to citizens, foreign nationals with permanent residency and resident spouses of Taiwanese.

People who do not wish to register online to have the money deposited into their bank accounts can get the money from select ATMs by using their bank card and entering their ID and National Health Insurance card number. They can also collect by taking their ID and National Health Insurance card to a post office from April 17.

The interministerial meeting concluded that banks could disburse the payment “as soon as possible,” an official said yesterday.

Whether people receive their deposit before the end of the long weekend would depend on the number of people who have registered their bank details and whether their bank is willing to distribute the payment earlier than planned, the official said.

As of yesterday, the nation's eight state-run banks had begun depositing the payments, as well as several private banks, including CTBC Bank, Taishin International Bank, Sun Commercial Bank, Union Bank of Taiwan (Commonwealth Bank), KGI Bank (Kaiji Bank) and Line Bank Taiwan Ltd (Line Commercial Bank).

Chunghwa Post would deposit the payments starting today.

People can update their bank passbook or access their account information online to check if they have received the payment, the Ministry of Finance and the Ministry of Digital Affairs said.

The description in bank passbooks would read “from the Executive Yuan (issued by the Executive Yuan),” online references should read “from the Executive Yuan” or “cash payment shared by all (民民shared discovery gold or all people shared universal cash payment).”

If people who registered online have not received the payment, they can check their registration status at 6000.gov.tw. If they have entered incorrect information, they can register again.

If people register on the Web site after Thursday next week, they can expect to receive the deposit within two working days.

The finance ministry said some local media had incorrectly reported that the deadline for online registration was on Friday.

Online registration is available 24 hours a day until Oct. 31, it said.

Additional reporting by Hsu Tzu-ling

News source: TAIPEI TIMES