How much cash can I store at home? That’s what insurance companies say about it

• Store cash at home: Can you deal with that punishable do?
• Savebut not on the bench: rumours and truths on the subject
• Is there a cap on that Saving in the money stocking?
• You should when storing cash necessarily know

Who does not know these headlines: Several thousand euros found under the sheets of pensioners! Such reports have always existed and even today some people prefer to keep their savings at home under the mattress or in the closet between their clothes. To this day there are people who do not trust banks. What is the legal situation for keeping money at home?

Storing cash at home: Is it a crime if you exceed a certain amount?

At a time when banks either hardly pay any interest or, above certain limits, even pay interest criminal sentences demand from savers, you can’t blame anyone if they don’t put their money in the bank in the first place. The Deutsche Bundesbank even carried out a study on this in 2020 and found that Germans keep an average of €1,364 at home or in a locker. But is that actually allowed? Or is that only allowed up to a certain limit? For a long time we have been hearing that the permitted amount of money is 10,000 euros.

The Money laundering law actually knows this upper limit, but only if you want to deposit this or a higher amount at the bank. In this case you have to prove where the money came from. If you can’t do that, the public prosecutor investigates. Anyone who has previously kept larger amounts at home should therefore not pay them into their account all at once.

Again and again one hears that large sums of money have been found on someone and that this person is now in trouble with the police. But that’s definitely not true. There is in the Federal Republic of Germany not a single law prohibiting the storage of cash at home. In fact no matter what height.

Keeping large sums of money at home – makes sense or not?

Thus, storing cash at home is true not punishable, but should still be carefully considered. Because what happens in the event of a water damageone Brandes or at one Burglary with theft in order to?

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