Fee for taking cash out of the EU
I read on the European Commission website that if I bring more than €10000 with me when I leave the EU on a flight, then I have to make a declaration at the customs.
In this case, is there any tax or charge that I need to pay? If so, how much?
Best Answer
No. It's merely a reporting requirement, as an anti-money-laundering / drug-trade provision. You will be asked where and how you obtained the money.
The country you are traveling to will likely also ask you to declare the cash, and may ask questions about it.
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Is there a fee for withdrawing cash?
Banks charge non-customers $1.50 to $3.50 at their ATMs, but non-bank ATM operators often charge more, up to $10 per transaction.How much is the fee for international withdrawal?
Foreign transaction fee \u2013 Most credit card companies charge a fee that equals a percentage of transactions made in an international currency. For example, if you withdraw $300 at an overseas ATM, you could be charged a fee of $9 (or 3 per cent).How much does it cost to withdraw cash in Spain?
Withdrawal limits at many Spanish ATMs are usually around \u20ac300 a day. If you're using a foreign debit, credit or cash card, you may have to pay withdrawal fees which can range from around 50 cents to around \u20ac3 per withdrawal.Is it better to withdraw cash abroad?
If you want to withdraw cash from an ATM when you're abroad, always do it in the local currency. This guarantees the mid-market rate. However, your bank may charge ATM fees and foreign transaction fees (more on this later).With or Without Conversion: How to Avoid Hidden Fees When Taking Out Money Abroad
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