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Posted on 05/13/2025 9:36:27 AM PDT by delta7
Hoarding Euros
Withdrawing large sums in cash is no longer possible in Spain without the government’s approval. Those withdrawing €3,000 or more must notify Spain’s tax agency, Agencia Tributaria, in advance. Withdrawals at or exceeding €100,000 require a 72-hour approval process, and the tax agency is requesting a 24-hour mandatory notification for any amount over €3,000.
A few news outlets are reporting that the Spanish government will impose a €150,000 fine on those who fail to report, but Project Veritas found that to be false. Article 4 of Order EHA/98/2010 states that these new measures are safeguarding institutions against money laundering and terrorism, the typical scapegoats.
In truth, these measures are intended to provide the government with control over capital. Bank runs occur when people complete lose confidence in the system, and the government is ensuring that it never reaches that point because they can simply implement a freeze. Moreover, governments everywhere are on a hunt for taxes and the entire war on cash is based on the belief that citizens are attempting to bypass taxes.
There is a reason that ATMs impose withdrawal limits, forcing customers to go directly to their bank branch. Spain’s reporting system requires banks to submit information through digital identification methods like CL@ve PIN, an electronic ID, or a digital certificate. The government has ordered banks to deny customers their funds if they are unable to provide proper documentation.
What constitutes “suspicious activity” has broadened in scope, not just in Spain but globally. The Spanish government has said that repeated withdrawals or a few hundred euros at a time will be considered suspicious. Citizens are expected to notify the government of how they plan to spend their money by providing personal identification to their banks.
Governments believe that all currency in circulation truly belongs to them. All transactions should be traceable and taxable. These measures will tighten as the Sovereign Debt Crisis intensifies and governments become desperate for funds and control.
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Ours limits us to 1,000 a day at ATMs much less then Spain.
Don’t put it in the bank in the first place and you won’t have that problem............
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.
That would definitely be a big problem here. I hate when they write a title that isn’t what it seems.
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.
Mattress?
Coffee can in the back yard...............
EU prepares capital controls, tariffs on Russia in case Hungary blocks sanctions, FT reports. The European Union may impose capital controls and tariffs on Russia if Hungary blocks the extension of economic sanctions against Moscow, the Financial Times (FT) reported on May 13, citing its undisclosed sources.
And soon they will lower the amount allowed even more. The Global order will control everything.
Brilliant! Now all I have to do is convince Social Security to send me cash in the mail rather than Direct Deposit. How did you accomplish that?
With the interest banks are paying these days, you might as well not bother.
The goal is total control over all money. Fascist governments are moving toward that.
Then they will be able to “tax” your assets. (Confiscate).
And Santander bank is here and owned by the spanish. Terrible bank.
And the santander bank down the street as i was waiting to close the account a 90+ year old vet walked in and wanted to withdrawal a small amount of money. Couldn’t do it without his phone. Phone? really? They even had to do some goofy phone verification for me to close the account. Had to use google browser which i do not use. What a piece of crap bank.
I have mine under the tool shed in the back in a sealed vault.
Do those regs also apply to the Muslim invaders they let in?
They will send checks if you live in a remote area..............
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