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Finance

MUFG Bank weighs charging fee on idle accounts

Move reflects lenders' aging business model and higher compliance costs

Japan's largest lender could spark an industrywide trend with an account management fee it is considering.

TOKYO -- MUFG Bank is considering whether to charge an annual management fee of 1,200 yen ($11) on accounts that have been dormant for two years.

The rule under discussion would begin in October 2020 but only apply to accounts opened in or after July that year.

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