
Competition is heating up in Japan between the Posts Ministry and
private sector banks over ATM service hours and fees. Japan’s Ministry of
Posts and Telecommunications requested a 6 billion yen appropriation this
morning to expand ATM service to weekends and holidays. The Posts Ministry
wants to open nearly 6,000 ATMs or about 30% of its ATM network on weekends
and holidays. The move may also force down ATM fees. Japan’s bank-owned
ATMs currently charge 105 yen per transaction after 2pm on Saturdays and on
holidays. The Posts Ministry indicated it will hold to its policy of no
surcharge for the expanded convenience. Last week the Posts Ministry
requested appropriations to link its ATMS with private-sector ATM networks.