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Really? Well, the Bankomat AB ("ATM Inc") ATM network page says that each card issuer issuer (ie. Bank) that is connected are responsible for setting withdrawa
by ersii 11y ago
Really? Well, the Bankomat AB ("ATM Inc") ATM network page says that each card issuer issuer (ie. Bank) that is connected are responsible for setting withdrawal limits individually. Unless the card is from a issuer that is not connected to their network, in which case the withdrawal is limited to 2000 SEK (currently ~237 USD, ~214 EUR).
Also, as far as I know - I can walk into a FOREX Bank branch office and withdraw as much as I want to at any time with my current card, as my issuing bank has a deal with them for cash management.
As far as I know, there's no laws that restrict cash withdrawal in this way or any laws about reporting cash withdrawal to Skatteverket (Swedish "IRS").
- ersii 11y agoAs far as I know, there's no laws that restrict cash withdrawal in this way or any laws about reporting cash withdrawal to Skatteverket (Swedish "IRS"). The only restrictions I can think about are for cash deposits. Basically, you need to declare where the cash is from. It's a checkbox type item where I usually answer "Savings." (It's that stupid.)
- belorn 11y agoEach bank has a weekly limit, but they are all around $2000. Swedbank is 1500, nordea is 2000 and SEB is 2400. Some is based on 7 days, others 4 days period. The law that prompt the bank to do this is in theory money laundering laws, where they are required to have "enough" procedures to prevent.