He advance in new technologies has caused, for example, that the cash is disappearing to the detriment of payment with card. The convenience of carrying everything on one card is one of the greatest attributes that this type of payment offers, although it must be said that in this way the trace remains clear regarding where the different payments have been made, something that does not happen with cash.
Due to the rise of card payment, those who withdraw large amounts of money are being monitored more closely in cash from the bank on the grounds that they are not carried out fraudulent activities with this type of method, which we reiterate is more difficult to trace.
In this sense, Treasury control over citizens is tightened for operations, and the BOE already collects the system used by the Tax Agency for this, both in income and in withdrawals of money.
And the Treasury has the capacity to request information from banking entities when operations are detected that you consider relevant, with the aim of check origin and destination of money.
Those who transfer 100,000 euros or more within Spanish territory must declare it in advance
There is a figure at which control becomes more acute. For more than 1,000 euros, the Tax Agency may request data from the bank. about that operation and request information from the client. TOJust like with incomein which the banking entity may request the identification of the client, this being mandatory for income exceeding 1,000 euros, as a control measure.
Money
The most significant threshold is located in the 3,000 euros. Ministerial Order EHA/98/2010 establishes that Credit institutions must include in an informative statement all impositions, withdrawals of funds and collections of documents whose amount exceeds that figure. Furthermore, there is also the obligation to communicate operations involving 500 euro bills.
In these cases, banking entities are obliged to transmit to the Tax Agency information like the name and surname of the user, company name either denomination complete in the case of companies, the tax identification number and data related to the checks issued or paid by the entity, on the occasion of the tracking the origin of the money in case there are unusual movements related to fraud.
Another aspect that this order addresses is that Those who move 100,000 euros or more within Spanish territory must declare it in advance, as well as the obligation to declare from 10,000 euros when entering and leaving EU countries.
