Bank of Tokyo-Mitsubishi UFJ has announced that it will charge a fee of 1320 yen from bank accounts that will open after July and have no transactions for more than 2 years.
As the business environment of banks becomes more difficult due to prolonged low interest rates, there is a growing movement to charge paper passbooks and charge account management fees.
Bank of Tokyo-Mitsubishi UFJ will charge a fee of 1320 yen per year for savings accounts opened after July if there is no transaction such as withdrawal or deposit for 2 years or more.
Bank accounts that have not been traded for a long period of time are likely to be a hotbed for crimes such as fraud and money laundering, and if the balance of the account is less than the fee, the bank will cancel it.
In line with this, we will start a service that gives Internet banking users points that can be used at convenience stores.
It is a policy to encourage the use of accounts by adding points when using it for mortgage or credit card withdrawal.
The business environment of banks is becoming more difficult due to prolonged low interest rates and the margin of loans is shrinking. There are widespread movements such as taking fees from accounts with no transactions during the period.