Spain limits ATM withdrawals to 3,000 EUR per day

[avalanche]

Source: Spain limits withdrawals to 3,000 EUR per day.

Is it just a next step in building the cashless society or an attempt to mitigate upcoming EU bank run?

 

[troubled soul]

If this limit is lifted, some people will launder the whole world though ATM card‌ smi(&%smi(&%smi(&%smi(&%smi(&%smi(&%

 

[RealDude]

Who still uses ATMs these days? The credit card costs for domestic/foreign payments are usually‌ covered by the banks, while the excessive ATM withdrawal fees are borne by the customer.‍

 

[legrant]

It isn't a new limit, it's been 3000 Eur for a long long time. What‌ has changed is the fact that if you withdraw 1000-3000 Eur, you will have to‍ justify why to your bank, which previously wasn't required. And amounts over 3000 Eur will⁠ be automatically notified to taxmen, but this has also been like this for a long⁤ time. Note this isn't just for ATM's, it applies to any way you withdraw cash⁣ from your bank, so either ATM or going to a branch and withdrawing it.

Not all ATM's have fees