There is important news coming that you should knowATMs as you know them are going to change completely. A major change has happened that you might never have thought of and it is a reality or will be soon if we look at what awaits us. The novelty that will almost make cash disappear will be there and will become a problem that will arrive over the days and hours.
The tax authorities, beyond what the banks dictate, are the ones who end up determining how we use our money. We owe it to them to be aware of those payments that arrive little by little and that will end up being the ones that will accompany us these days. Being up to date with payments to the administration is essential, especially if we take into account what we are risking. Even if it is our money, it is the tax authorities who end up telling us how to manage it. The experts are very clear about what is going to happen to ATMs, something that you may not know these days.
A big and important news is coming
An important new development is coming, by hand, from a change to vending machines What we must take into account if we withdraw money in cash. Without a doubt, the time has come to start preparing for this news that affects us if we have to withdraw money.
It is time to face some elements that go hand in hand and that we may not have taken into account until now. Withdrawing money from an ATM, even if it is ours, is something that we must do with caution, as it can end up being a force majeure problem.
This detail that affects us has nothing to do with the withdrawal or disuse of more and more vending machines. Especially in these villages, where they have ended up remaining anecdotal. Without a doubt, we are facing an important change that takes us away from what would be usual.
Experts also warn that the withdrawal of ATMs, as we have done very recently, could end up being a very different reality if we consider the new regulations that we must take into account. From now on, cash will be much more controlled.
Goodbye to the vending machines you knew until now
There will be a new limit for withdrawing money from an ATM, you will not be able to withdraw more than 1,000 euros, much less than the current 3,000. As a security measure, this can be a reality that helps us protect our money, but be careful because we can also face a detrimental change if we have an emergency.
The same thing happens with transfers intended to control those money flows that perhaps we should take into account nowadays and that are essential to detect any movement, especially that of the tax authorities. Some entities recommend reducing that money that we can withdraw at the ATM.
Caixabank tells us on its blog: “Currently, there is a maximum of 3,000 euros that can be withdrawn at a time without the tax authorities asking what it will be used for. In any case, this same organization recommends that banking entities ask when the figure exceeds 1,000 euros, with the aim of combating tax fraud and money laundering. For this reason, it is common for banking entities to limit the amount of money that can be withdrawn from an ATM per operation and/or per day within the range that exists between these two amounts. That said, in principle, there is no legal limit to withdraw money from an ATM, although, if you want to withdraw more than 3,000 euros at a time, you will have to speak with a bank employee and prepare a receipt, which will be sent to both the Tax Agency and the Bank of Spain. It is always a possibility: after all, the money belongs to the holder and he can choose to keep it at home (or “under the mattress”, as this practice is colloquially called), or to do so safely in a regulated banking entity.
Some people, for security reasons, lower this limit to an amount that can be much lower than about 600 euros. An amount that allows you to avoid more than one problem in case of loss of the card or a duplicate. With these elements, we will get a change of cycle that could end up being the one that makes an important difference.
It is time to make the most of these withdrawals of money or regulated income, soon the rules may change, as we have seen with this type of elements that change and are fundamental.
