【China Accounting and Tax Column 004】I want to use a cash card issued in China to withdraw Japanese yen in Japan. Are there any points I should be aware of?

As a result of frequently withdrawing Japanese yen at Japanese bank ATMs using cash cards issued by various banks in China, we hear voices saying, "I suddenly can't withdraw from the ATM!" and "I can't withdraw even the year after I couldn't!" Therefore, I would like to share some points to be aware of when using these cards abroad.
According to the regulations of the Foreign Currency Management Bureau (*), "The daily withdrawal limit for each card must not exceed the equivalent of 10,000 yuan," and "The annual withdrawal limit must not exceed a total of 100,000 yuan." If you own multiple cards, the total amount withdrawn from each card will be combined.
For the two years in which you cannot withdraw cash, including the year you were unable to withdraw and the following year, cash withdrawals abroad will be completely prohibited. However, this restriction applies only to cash withdrawals abroad; you can use the card normally within the country.
After two years, you will be able to withdraw cash abroad as before. While withdrawing Japanese yen at Japanese ATMs is very convenient due to the lack of currency exchange hassle and low fees, it is important to be mindful of the annual withdrawal limit.

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We publish a column once a month in the Japanese information magazine "Shanghai Japi-on" for Japanese residents in Shanghai. (https://book.japitta.com/books/vgrl/mobile/index.html)