How much money can I take in cash: the legal limit if the authorities stop me on the street

The impulse of new technologies has led to the use of new methods to pay that, increasingly, are moving the cash payment.Contactless cards, payment with mobile, QR codes or transfers through applications such as Bizum.These are just some of the tools that are displacing cash and are less and less people carrying tickets or coins in the wallet.

But what is the legal limit of cash that we can carry on the street?Is there any control tool?The amount of cash that a person can carry does have a limit established in Law 10/2010, of April 28, on the prevention of money laundering and terrorist financing, which determines the maximum amount.

Y’ALL PARENTS DIDN’T BUY Y’ALL VDAY GIFTS?That’s Tough.

— Blondie💛 Tue Jan 19 16:56:22 +0000 2021

What are the current limits?And for cash payment?

The money limit that can be carried in cash within Spain is established in 100.000 euros.In the event that you want to move this amount or a superior by national territory, it will be necessary to declare this procedure.On the other hand, if it is the "exit or entry into national territory" from abroad, the limit is established in 10.000 euros.

Cash payments also have a limit to deal with fraud and the new regulations have reduced this amount to 1.000 euros.Thus, Law 11/2021, of July 9, details that when acquiring a product or service with a value greater than this figure, another means of payment, such as credit card or bank transfer, must be used.

"Since July 11, 2021, the operations of an amount equal to 1 cannot be paid in cash.000 euros or its countervalue in foreign currency, in the case of payments in which one of the parties acts as an entrepreneur or professional.This amount rises to 10.000 euros in the event that the payer is a natural person who justifies that he does not have his fiscal domicile in Spain and does not act as an entrepreneur or professional, "they detail in the Bank of Spain about it.