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I'd like to hear more about such limits. Do they base it on total money withdrawn, or number of withdrawals? If you don't mind, what was the limit approximately
by distances 5y ago
I'd like to hear more about such limits. Do they base it on total money withdrawn, or number of withdrawals? If you don't mind, what was the limit approximately? Is it only about cash withdrawals, can you use card and online payments as before?
- radu_floricica 5y agoAbout 60k eur anually. It's ironic, but a fair share of my withdrawals were simply because the pandemic made me want to have a cash reserve on hand, in case of emergencies. Plus a used car purchase and some renovations. Very white money, taxes already paid.
- distances 5y agoInteresting that there's a limit. That's also probably many times more than I have withdrawn in my whole lifetime.
- rini17 5y agoAren't cash transactions over 5000 eur illegal in whole EU? The limit certainly stems from there (even if it isn't explicitly set by central bank). I'd definitely have lawyer on retainer if I personally moved 60k/year in cash around.