Limits to the use of cash in Italy in 2023 In Italy, cash transactions are subject to various limits, which are intended to combat money laundering and tax evasion. As of January 1, 2023, thanks to the 2023 Budget Maneuver, the threshold for all payments in cash has been set at € 5,000 (five thousand euros). This means that it is possible to pay in cash sums up to € 4,999.99 and that beyond this threshold, if you pay in
Read more →In Italy, there are many common payment instruments (cash, bank/postal check, cashier’s check, bank/wire transfer, credit/debit/rechargeable cards, postal or bank order). It is possible to pay in cash sums not exceeding € 2,999.99 with reference to “transfers” made for any reason between different individuals or legal entities. The transfer of amounts equal to or greater than € 3,000 can be carried out through banks, Poste Italiane S.p.A., electronic money institutions and payment institutions. This rule applies to whoever (Italians/EU citizens)
Read more →The bank account contract is a real “atypical contract” stipulated under Italian law between the customer and the bank. It is governed by the specific provisions contained in the contract, by the Italian Civil Code, and by Legislative Decree 385/1993. The bank agrees to perform direct/indirect debit/credit operations on the customer’s direct/indirect orders, in exchange for a fee. The account holder can dispose of the sums at his disposition at any time, subject to compliance of the notice period as
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