Earlier quoted context omitted.
It's your money, to be spent as you wish.
Money is a fiction, and it's not yours. Central banks merely let you use it.
If you think money is a fiction, send all of yours to me. I don't mind living in a lie :-D
Cash payments above €3000 to be outlawed in Netherlands
771–780 of 802 posts
Re: Cash payments above €3000 to be outlawed in Netherlands
#772Earlier quoted context omitted.
How does one launder money with a real estate or art transaction? Say I've sold a great amount of cocaine and now have 5 million euro in banknotes sitting in my safe at home. How do I launder this money and make it 'legitimate' using those methods?
You buy a house with the cash (private transaction) and then sell the house in a year.
Ok but this law outlaws that. So I don't understand OP's objection
Re: Cash payments above €3000 to be outlawed in Netherlands
#773Rather than knee-jerk downvoting everyone who gets it wrong, I'd like to point out that, in English, both the Euro symbol and the Dollar symbol go before the number.
Many people still write it the other way, even in the usa, particularly when no cents are involved. Your pedantry has been notid, but is not useful. Nobody is confused.
Noted.
Re: Cash payments above €3000 to be outlawed in Netherlands
#774Earlier quoted context omitted.
ID and a decent credit report. I have been through times in my life where banks wouldn't give my spouse an account at all. No bank in Oregon or credit union would give her an account. To this day she still hasn't had a bank account in the last seven years. I can't even get a card in their name.
It sounds like we are getting a thin slice of the full story. What made your spouse's situation unusual such that she could not get a bank account. I am finding some of these posts hard to believe.
Bad credit rating and prior overdrafts is all it is. That's the complete story. Not even extensive overdrafts, like three a year before they lost their ability to get an account.
Re: Cash payments above €3000 to be outlawed in Netherlands
#775Earlier quoted context omitted.
Whenever I buy a car, tractor, cattle, pump repair, implements, out-buildings, solar system installation, fuel storage, etc... Because I pay cash and keep the bankers out of the transaction it costs me less and it costs the seller less. I negotiate this ahead of time. Most people in business would rather have cash in hand than wait on the bank and pay their fees.
Sorry to assume where you're from, but I'm guessing America (either North or South)? In EU you could pay for all those things with a quick and free bank transfer for any amount, so you wouldn't even need to withdraw and travel with all that cash on you. There's no "bank fees", there's no "bankers" to keep out of the transaction, because they don't take any fee.
So with the "convenience" of the free bank transaction what do you give up? There is no free lunch. Somebody pays for that "convenience". My guess is you pay with a loss of privacy from the government and the corporations that run the program for the government. Why would they do that? What is in it for them? Are they your public servant or have you become a governmental pawn?
Re: Cash payments above €3000 to be outlawed in Netherlands
#776Earlier quoted context omitted.
So now you're bringing in your accounting software and tax records to the bank to make the deposit?
[flagged]
> What an idiotic conclusion
Ad hominem attack but without any additional details to support your assertion?
>> You can deposit whatever amount you want into your bank account, they just might ask questions regarding where the money came from, and if you show that you sold products there's zero issues.
The original assertion was that you'd need to 'show that you sold products'.. to the bank, not your accountant... rather more difficult than it appears at first blush.
Re: Cash payments above €3000 to be outlawed in Netherlands
#777Earlier quoted context omitted.
Money is a fiction, and it's not yours. Central banks merely let you use it.
If you think money is a fiction, send all of yours to me. I don't mind living in a lie :-D
I never said it wasn't useful ;)
It's a collective hallucination since it's not based on anything anymore
Re: Cash payments above €3000 to be outlawed in Netherlands
#778Earlier quoted context omitted.
No idea how it's over there, but here there is no need for the bank to check your credit score unless you want credit. A bank checking your credit score just because you want to create an account would be a huge invasion of privacy.
All banks use a credit reporting agency, a seperate one. You never discovering this just shows you and those you surround yourself with have never had to deal with it. Thats nice, but also a privliged and ignorant position.
If you think banks always check your credit score then you are just wrong, plain and simple. In Norway you'll always be notified when someone check your credit score, along with what data was provided, who requested it and when.
Re: Cash payments above €3000 to be outlawed in Netherlands
#779Earlier quoted context omitted.
No idea how it's over there, but here there is no need for the bank to check your credit score unless you want credit. A bank checking your credit score just because you want to create an account would be a huge invasion of privacy.
A bank checking your credit score just because you want to create an account would be a huge invasion of privacy. Really? How else can a bank decide how much credit to extend you? Please bear in mind that allowing someone to have a bank account is part of the credit relationship.
If you need credit then they can and probably will check your credit.
There is no reason for the bank to check your credit score if you're only using your own money.
Re: Cash payments above €3000 to be outlawed in Netherlands
#780Earlier quoted context omitted.
How can you live in Germany without registering an address? Were you just visiting? Registering the address will get you the tax number, which is necessary to be paid. The health insurance (also mandatory when working) would need a registered address.
I was there for over a year. I did have a tax number, since I got paid and presumably paid taxes. I never went anywhere just to register my address though. That sounds so insane to me.
Man, I wish I could "presumably" pay taxes like you... :)