au-jibun-bank-slashes-atm-withdrawal-cap-to-500k-yen-against-fraud
# au Jibun Bank# ATM limit# fraud prevention# online banking
Key Points
- au Jibun Bank will cut the ATM withdrawal cap range from 2 million to 500,000 yen on September 13
- Default settings also drop, as a countermeasure against fraudulent withdrawals
- Japan's online banks are tilting toward security over convenience
Analysis
au Jibun Bank will cut its ATM withdrawal limit range from 0-2,000,000 yen to 0-500,000 yen from September 13, with default settings lowered to 300,000 yen, explicitly to block fraudulent withdrawals — the cash-out mile of phishing and account-takeover attacks. The cost is convenience for legitimate large cash needs. If you hold a Japanese bank account, audit your own caps now and set them at the daily minimum you actually need; other online banks are likely to follow.