HALISTER1: JPMorgan Sets $1,000 Daily ATM Limit for Noncustomers: WSJ

JPMorgan Sets $1,000 Daily ATM Limit for Noncustomers: WSJ

(Bloomberg) -- The bank has seen high-dollar withdrawals at both new and old ATMs after it started upgrading ATMs nationwide to allow withdrawal of $50 and $100 bills, WSJ reports, citing a person familiar with the bank.
  • Due to increasing regulatory scrutiny, banks are paying more attention to large cash transfers that could be sign of money laundering or other types of shady activity
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Source: BFW (Bloomberg First Word)

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