Money that can be deposited into an ATM without arousing suspicion from the Treasury

He cash can be used without restrictions in relations with our bank, according to El Bank of Spain. Limits have been set on both withdrawals and cash earnings to prevent financial crimes such as tax fraud or money laundering.

In turn, the organization reminds on its website aspects that must be taken into account when withdrawing or depositing money at an ATM. Each bank sets its own daily limits for cash withdrawals.

although, according to reports, there is currently a maximum of €3,000 that can be withdrawn at one time without asking the Tax Agency what it will be used for. Kaishabank.

However, for amounts exceeding EUR 3,000, it will be necessary to provide confirmation to the bank with the amount This is what will subsequently be communicated to the Treasury and the Bank of Spain, in addition to the reason for the withdrawal. According to the BdE, if you withdraw a large amount of money, the bank “may ask you to notify it in advance, provided that it does not have sufficient funds to meet your request.”

Client identification from 1000 euros

If it wishes to deliver a large amount, the bank “may delay counting the money delivered.” In turn, the BdE reported the amount that can be deposited into an ATM without arousing suspicion from the state treasury. He explained that taking into account bank income from 1000 euros the bank will “necessarily” request client identification

.

Other restrictions

Law 11/2021 of July 9, measures to prevent and combat tax fraud, and other limits on funds are also included. Especially when it comes to traveling with him both within the country and when traveling abroad. Exists obligation to declare this money when “the amount transported equal to or exceeds 10,000 euros in case of leaving or entering the countryor 100,000 euros if moving across the country.“

They are exempt from the obligation to submit a declaration, individuals acting on behalf of companies who, authorized and registered by the Ministry of Internal Affairs, carry out professional activities in the transportation of funds or means of payment.

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