Is there a limit for depositing cash? Is there a threshold that would be better or is it not recommended to exceed so as not to run into some checks? The topic is much discussed, let’s try to clarify it.
Paying cash into the bank: the cases – (ilcorrieredellacitta.com)
The use of cash in Italy it has always been at the center of discussions and debates even in the world of politics. Tax evasion, electronic payments, traceability, payment limits: all sides of the same coin which, cyclically, return to the center of our country’s agenda. At the same time we talk more and more about checks and investigations by the authorities against those who try to circumvent the rules by declaring less, or much less, than they actually own. Thus defrauding the tax authorities. But what about the (legitimate) payment of cash in our bank account?
Keeping cash in the bank or withdrawing it: the dilemma
Keeping money in your current account can be advantageous by considering those contracts with banks that allow you to accrue annual interest, even if for example we choose to have our salary arrive there. Clearly, in these cases, have greater economic availability it also means having a greater return.
How to keep your savings? Here’s what can trigger checks – (ilcorrieredellacitta.com)
Conversely, it should however be remembered that the bank availability they also have consequences for example on calculation for ISEE purposes (here the threshold beyond which we start to consider) resulting in a higher amount and therefore fewer – possibly – benefits. We then get to the purely subjective and practical aspects, that is, regardless of economic reasoning: there are those who prefer pay cash to have more control over the family budget, those who prefer to do everything electronically for greater safety.
How much can you pay into the bank without being reported? Frequent questions
What you have just read is a rather recurring question and you just need to do some research on the web to realize that many are asking it. The reason is easy to say: no one likes their movements being monitored, nor the risk of incurring sanctions, even remotely. In reality though there is no real answer to this question in the sense that, for regulatory purposes, there is no limit (in theory) for cash deposits into your current account. What ends up in the crosshairs, usually, net of the ordinary controls of both the banking institutions and the competent bodies (such as the Revenue Agency), are then suspicious movements: but what does it mean?
It means that everything that is anomalous or different from the situation usually encountered with an account holder can raise alarm bells. This could be the case for example of payments repeated over time and of rather high amounts, without there being immediate confirmation to justify the credit, as with what happens – let’s say the case – with the salary. In this situation, common to most, the entry is in fact accompanied by its reason and therefore no additional explanations are needed.
Cash deposit, how to “avoid” checks in 2024: the figure
It therefore goes without saying that There is no exact limit figure that is the same for everyone beyond which checks may occur. However, if the money flows, as mentioned, begin to be very different from our typical economic situation, showing incomes that – apparently – are not in line with the standard of living adopted up to that moment, this could lead to checks. Obviously, if we operate within the law, we have nothing to fear: at most you might be asked to explain the origin of the “anomalous” money given that in such cases the burden of proof is reversed. It is up to us to demonstrate that legitimate/legal origin of our money. Therefore, it is always a good idea to keep track, where present, of the documents that certify the origin of the money: otherwise, by resorting to traceable forms of transactions, the problem will be resolved upstream.
2024-03-02 14:29:18
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