Reported 7 months ago
In an effort to combat fraud, the Financial Supervisory Commission is enhancing measures to prevent scams, with major consumer banks like CTBC Bank planning to restrict the financial card withdrawal limit for digital deposit accounts to only 120,000 NT dollars per month starting in mid-July. Additionally, Cathay United Bank announced a reduction in daily single-transaction limits for out-of-town transfers through CUBE Online Banking to other banks starting July 1. Amidst rampant domestic scams, the FSC is requiring banks to fully prevent identity fraud, particularly focusing on digital deposit accounts opened remotely. Seeing a slowdown in digital deposit account growth, the financial industry is increasing risk management for accounts. Financial institutions like CTBC Bank have continuously improved risk controls for digital deposit accounts to safeguard depositors' assets and prevent fraud, including strengthening ATM withdrawal restrictions starting July 15.
Source: YAHOO