My wife has just gone off at the TV over a news report. In their infinite wisdom, the government has decided to restrict any ATM money transfers to arbitary third-party accounts to only NT$10000 at a time.
Not sure of the exact detail, but it seems you can designate accounts to which ATM money transfers are not so limited, and of course, you can avoid the limit by doing the transfer at a bank teller.
In my view, it’s not a totally dumb law, but what certainly is, is the amount of the limit. It’s way to meager.
On the news, it seems a lot of people are up in arms, as there are few places that rent for less than NT$10000 a month. Those type of transfers will force the inconvinience of designating accounts, or the incurring of additional NT$17 transfer fee per part transfer of rent.