In order to limit illegal activities which require cash, JP Morgan decided to restrict ATM withdrawals. The real reason behind this the start of cash bans. The bank said there doesn't appear to be fraud involved. But partly due to heightened regulatory scrutiny, banks are paying more attention to large cash transfers that could be a sign of money laundering or other types of shady activity. Typically, the card-issuing bank sets withdrawal limits, not the bank owning the ATM. The move by the largest bank in the U.S. doesn't affect J.P. Morgan Chase's own customers, whose maximum daily withdrawals are set depending on the client's account type. The bank has seen high-dollar withdrawals at both new and old ATMs, said bank spokeswoman Patricia Wexler. In 2015 we warned readers to divest some of their assets out of bank accounts for this very reason, noting that bank glitches and arbitrary holds would begin to affect more and more depositors. And while the recent move by JP Morgan Chase