Let’s find out how much cash we can withdraw each month from our checking account. All the limits to which one must necessarily adhere
The Bank account is subject to numerous checks by theRevenue Agency, especially when paying money. Understanding where it comes from is in fact the main job of Tax, which, however, cannot make too many inquiries regarding the withdrawals that are made.
A difference due to the fact that the first case falls within the law enforcement of the recycling, while the second has to deal with a simple one tax legislation. As a result of this, let’s try to understand how much cash can be withdrawn each month from the current account.
Current account: the rules regarding the withdrawal of cash
First of all it is good to specify the work done over the years Governments that have occurred with regard to the limit for cash payments. The last modification will start on January 1, 2022 it is foreseen that it will not be possible to spend more than 999.99 euros in cash for exchanges between different subjects.
However, this does not affect the cash withdrawal limit, which in principle is 10 thousand euros per month (can always vary depending on the credit institution). If this threshold is exceeded, the bank can (indeed must) ask the account holder for explanations about the disproportionate movements.
But be careful, this is not a real ban, which is why no block can be activated. Reporting that the limit has been exceeded to your central management is a sort of practice to follow, which however can lead to a warning to theFinancial intelligence unit and at that point we could talk about Suspicious Transaction Reports.
Only in highly suspicious situations does the latter take the trouble to notify the prosecutor’s office, who decides whether or not to open the investigation.
READ ALSO >>> Guide to opening a current account: what to know in order not to risk making mistakes
In general, the direction that is being followed is increasingly marked by the Cashless. Encouraging electronic money is now a primary objective. For this, the Cashback (already wrecked), the tax credit and the receipt lottery.
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