We all like to have money at home for unforeseen events and be able to use it when we need it. It is normal to have it somewhere in our home. let’s save some money to have quick access.
There is no control of this money because it is not registered in any ATM. no authority can count this. If the amount of this money is too high, you can even commit legal fraud due to misappropriation of assets. This is the reason for the organism that controls us. I recommend you not to eat too much money, but just enough to survive each day.
The Treasury is lowering the maximum limits on the amounts that can be received in cash. A new law has come into force banning cash payments in 2021 exceeding €1000 and the maximum amount that can be withdrawn cashier 3000€. Today, if these amounts are exceeded, the Tax Office can investigate the incident and impose fines of between 2% and 25% of the amount in question.
If required by the Treasury, the person must justify the origin of that money and the reason for the suspicious movements. To avoid committing legal fraud, it is advisable not to keep too much loose money at home. Also in case of theft or loss, They will not return that unregistered money to you..