Like any other operation that involves the use of cash, attention must also be paid to some regulatory and fiscal aspects for the payment. The anti-money laundering laws in fact provide for a maximum threshold, after which the bank must report the suspicious movement or movements. The report from the bank is addressed, the body that carries out the first checks and then evaluates a possible report to the tax authorities. Learn more how to use the 신규 꽁머니.
The threshold we are talking about is high, that is 10,000 euros, but it is clear: even lower sums (or a suspicious bank transfer) could trigger the process of checks just mentioned. At the basis of these inspections there is in fact the principle of the burden of proof against the taxpayer, which is always required to prove the origin of the money in the case of tax assessments.
What does the law provide? Cash Deposit Rules and Limits
Cash is naturally subject to greater attention by the authorities since, unlike wire transfers and other electronic methods, it is an untraceable tool and for this reason it is often used to encourage tax evasion and illegal work.
To sum up, there is no real limit on cash deposits. Nobody will prevent us from depositing large amounts of cash into our account; however this practice risks triggering checks.
How is the deposit made?
Today, the payment of cash is carried out by the account holder himself at automatic cash machines (ATMs), also known as ATMs . It is useless to queue to deliver banknotes to the clerk on duty, who will simply indicate the ATM – or at most assist us in the operations. To deposit cash, card associated with the account, select the item payment (or deposit) on the screen, and then specifically choose the payment of cash, since it is also possible to pay checks.
At this point, enter the secret code (PIN) of the ATM card to allow the cash desk to open the door where we will have to place (all together) the banknotes to be paid. It is necessary to make sure that the banknotes are in good condition: otherwise, the machine may have difficulty in detecting the value (therefore in counting them) and consequently they will be returned to the account holder. In this case it will be necessary to go to the bank and contact an employee.
When the door is closed, after a few moments the sum of the banknotes inserted is communicated through the screen. If correct, we confirm with the appropriate button. Finally, you will be asked whether or not to print the paper receipt of the operation; it is advisable to do so and keep it until the sum is effectively credited to the account (depending on the institution, it could take one or two working days).