Cast withdrawals may require notification and visit to bank for certain amount
Cash transaction restrictions in Europe are tightening. In Poland, businesses and foundations face a cash payment limit of PLN 15,000 (with plans to reduce it to PLN 8,000), beyond which payments must go through bank accounts. Though individuals currently face no formal limits, high-value purchases (e.g., real estate) often require bank approvals and in-person visits.
EU-wide rules effective in 2027 will cap cash transactions at €10,000, with some countries allowed to set lower limits. Spain already enforces strict rules—cash withdrawals over €3,000 must be pre-registered, and collecting over €100,000 requires a formal process. These measures aim to combat terrorism financing and reduce the shadow economy, though critics warn of risks to personal freedoms and privacy.
