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That's been the case for years in Belgium. I like cash, and use it whenever I can. But I can't say this limit ever affected me in any way. Largest cash transact
by elric 3y ago
That's been the case for years in Belgium. I like cash, and use it whenever I can. But I can't say this limit ever affected me in any way. Largest cash transaction I ever did wasn't even half that. You can't even get your hands on that much with ease anymore. ATMs are capped at less than that. Most (all?) banks will refuse to hand you that much cash.
Unless you run a business which accepts a lot of cash, the odds of you having that much cash on hand are slim. And even then, how often do you make a payment that big?
Of course, criminals don't care about these limits, so it's pretty much pointless.
- cooper_ganglia 3y agoThat’s flat out unacceptable. It’s your money. If you walk into a bank and ask for all of it, they should have enough on hand to give it all to you for a normal individuals account. It’s not the bank’s money or the governments money to decide where it gets stored or how it gets spent. You worked hours of your life to earn that money, years of your life that you traded for cash that the government says you can’t be trusted with because there’s a chance you might be a criminal. That is in no way, shape, or form the sign of a well-functioning, citizen-focused government. That’s a government that wants to track its citizen’s payments more closely.
- JW_00000 3y agoNote that the restriction only applies to _cash_ money. If I have €100,000 in my bank account and do a transfer to another bank account, it happens for free and (almost, depending on the circumstances) instantly. If I go to the bank and ask for that €100,000 in cash, I won't get it. I personally consider this an okay restriction of my freedom if it means drug cartels and large-scale criminals can be caught.
- elric 3y agoWhy is it unacceptable? How does it impact your life?