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Cash payments above €3000 to be outlawed in Netherlands

rijksoverheid.nl

271–280 of 802 posts

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

#271
post #91

Earlier quoted context omitted.

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

What happens when your bank says: "no." ?

Why would the bank say no, if I have the funds?

And let's not start with some fetish fantasy about "because an oppressive regime could do so any time"

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

#272

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.

This is the most disappointing rule ever. It makes my dream of returning money in thousands of 1 cent coins out of spite impossible

My uncle used to save 5 cent guilder coins (stuivers in Dutch). I don't know why, maybe he wanted to be a copper Scrooge McDuck it was an obsession of his, always ask people if he could change some money with him. After a while he had many of those plastic drum barrels full of coins in the attic. The problem was that the ceiling under the attic started to visibly bulge, so they decided to bring them to the bank. He said that all the work was worth it to see the expression on the bank tellers face when they rolled those barrels in the bank.

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

#273
Without cash, you're giving the government the power to de-bank you and control what you can and can't spend your money on, even your ability to feed yourself.

In Canada, during COVID Lockdowns they prevented the unvaccinated from getting on planes or trains, or buses. And required truckers to get the shot to drive their trucks.

The truckers protested, so the government froze the protestor's accounts and many of those who that donated to them. So people started to give them cash so they can feed themselves and continue the protest. Literally without cash, these people would be on the brink of bankruptcy and starvation.

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

#275

[flagged]

>>You can look in some of my recent comments to see a thread where people in Amsterdam were celebrating the installation of "noise cameras" along public roads because they bought into the claims that it was to fine "loud cars."

I think that's an insane argument to use to "prove" that NL is descending into tyranny. Loud cars(and motorbikes) are an actual nuisance to people and it's great that they are being introduced. What's next, speed cameras are tyranny too?

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

#276
post #231

They can't control the black market in drugs, what makes them think controlling a black market in cash , which is a million times more desirable, will be any more successful? There's the small matter of millions of undocumented migrants entering Europe who will be trapped in this now-illegal-cash underclass, and these financial oppression laws just incentivise and create criminal networks to facilitate basic economy.…

> They can't control the black market in drugs, what makes them think controlling a black market in cash, which is a million times more desirable, will be any more successful? Well, for one, they control cash production > It's not a lot of money, and given inflation, diminishingly so. This is targeted at law abiding smallholding farmers where roadside transactions are often done in cash and farmers everywhere have a…

Right, but they don't control the distribution and transaction of cash. They may stop producing €500 notes—for example, but there is nothing they can do to stop these farmers or undocumented immigrants from bundling together >€3000 in smaller notes for use in paying rent, buying cars, or investments.

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

#278
post #43

I'm very much a fan of choice here. I haven't personally used cash more than twice in the last 3 years, I love the convenience of Apple/Google Pay, but cash clearly still needs to exist

Of course it needs to exist, but at the same time using it for huge numbers like 3000+ euros is in practice almost only done by criminals. It's a good balance imo.

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

#279
post #229
post #187

Earlier quoted context omitted.

they famously called the 500 euro bills -bin ladens- for how hard they became to secure since all the unofficial transactions where mostly done with those high denomination bills

500 Euro bills show up in action movies as part of shorthand for shady dealings. Like a visual cue that something is not on the up-and-up.

They seem to be of most use to rich people who want to hide assets from the tax man by carrying the cash across the border to Switzerland. Probably doesn't work as well as it used to anymore though. A few years back I talked to a guy from norther Italy who said most people had a second bank account in Switzerland to hide money from the government.

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

#280
post #91

Earlier quoted context omitted.

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

How fast are bank transfers over there? In the US we have "same day" for small amounts, and a multiple day long clearing for bank to bank personal transfers for larger amounts, ie what you'd pay for a car. Then you'd need a bunch of their banking info. I don't know about your experience, but I'd like to limit the amount of PII I give to the type of folks I buy used vehicles from. With cash, you both go on your way wi…

In NL bank transfers are immediate and used everywhere, and the fees for having a bank account are so ridiculously low I don’t even know them anymore, never bothered.

The online payment system via bank transfers (iDeal) works so well I’ve heard it’s going to become a european thing, and I’m legit excited about that.

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