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Cash payments above €3000 to be outlawed in Netherlands

rijksoverheid.nl

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Re: Cash payments above €3000 to be outlawed in Netherlands

#91

Post by mdrzn »

MSFT_Edging wrote: post #85
mdrzn wrote: post #53

The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.

How else would you buy a used car/motorbike from a private party?

Send it via bank? A quick and free bank transfer which also works out as "receipt" of payment.

Re: Cash payments above €3000 to be outlawed in Netherlands

#92

Post by jzb »

zer8k wrote: post #63
traveler01 wrote: post #57

It does start to feel that you serve more your government than it serves you. It wants to control everything, even how we spend our cash and how.

Because they can't track it. Without total control of every aspect of your life they can't make sure you're a Good Person (TM). What if we let the Bad Guys (R) do whatever they want? Won't you think of the children? You wouldn't want children hurt would you? The irony of all this is the people that want sex workers, minorities, and other marginalized communities to live without fear also vote for these policies to ke…

Okay, why is Good Person (TM) and Bad Guy (R)? Are Good People still waiting for approval?

Re: Cash payments above €3000 to be outlawed in Netherlands

#93

Post by jWhick »

potatototoo99 wrote: post #15
potatototoo99 wrote: post #10

There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.

Spain's 1,000€ may be the most restrictive, close to Romania's 5,000 lei.

I'm quite sure they are not enforcing it since i was traveling to and walking with across spain with much more.

Re: Cash payments above €3000 to be outlawed in Netherlands

#94

Post by ComputerGuru »

acatton wrote: post #36
junofan wrote: post #25

Earlier quoted context omitted.

You can enter the US carrying as much money as you’d like. Can’t speak for Canada.

Yes but no. Yes you can enter carrying as much cash, but no you cannot freely enter with over $10k in cash, they need to be reporter to the US Custom and Border Protection before entering the country https://help.cbp.gov/s/article/Article-195?language=en_US

Does “freely enter” have a legal definition? Because you are “free to enter” but need to declare. Just like you are “free to enter” but need to declare if you have an orange you purchased from the States making a return journey back into the States.

Re: Cash payments above €3000 to be outlawed in Netherlands

#97

Post by WindyMiller »

sakisv wrote: post #32
potatototoo99 wrote: post #10

There are many similar restrictions on other countries. Here is a list for Europe: https://www.europe-consommateurs.eu/en/shopping-internet/cas... The equivalent of 3,000 - 4,000 Euro seems to be the norm.

Wow Greece has a limit of 500 euro, but: "There is no cash limit for car purchases" wth? EDIT: Also this something that I didn't know about the UK > With regard to the change, there are unlimited payments of £ 5, £ 2 and £ 1. Coins with a face value of 50p, 25p and 20p can pay amounts up to £ 10, with 10p and 5p up to £ 5 and with 2p and 1p up to 20p.

Those UK limits are for what is considered legal tender—that is, if someone has offered you 20 pennies to settle a 20p debt, you can't sue them for non-payment, but if they offered you 200 pennies to settle a £2 debt then you could.

Re: Cash payments above €3000 to be outlawed in Netherlands

#98

Post by jkaplowitz »

raverbashing wrote: post #77
mrmanner wrote: post #44

Earlier quoted context omitted.

> Remember: A trader in the EU is not obligated to accept more than 50 metal coins for the same payment. I shall try and remember that.

Interesting. That's max 100EUR in coins And I'm glad coins are more popular in Europe than in the US because those $1 notes take too much space

And it’s also not a mandatory 100EUR coin acceptance limit - it is left to the discretion of the trader.
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