Ours limits us to 1,000 a day at ATMs much less then Spain.
July 10, 2024 - These limits are set automatically by your UK bank or card issuer. However, if you don’t have a daily limit, then the limits imposed by the ATM will apply. You can expect to find that withdrawals in Spain are capped at around €300 to €1,000 EUR1
I think that is probably bank teller money, not atm money.
They aren’t talking about ATMs. They mean you cannot walk into the bank and withdraw that amount. Your ATM may have a daily limit, but you can walk into a branch and get what you want... bearing in mind if you ask for 25,000, 50,000 etc... there might be a delay based on how much cash they have on hand in those denominations.
But there is no legal impediment to such a withdrawl beyond the reporting requirement the bank has.
I can withdraw my complete savings or checking account at the teller window.
When I bought my house, I had to withdraw $140,000 towards down payment. The bank printed me a cashier’s check and I secured the house purchase.
“ Yours “ does not require approval from the government. Read the article.