Re:EU-wide maximum limit of €10K for cash payments
by woodruffw on Saturday December 10, 2022 @05:56PM
(#33937930)
I think there's a large degree of variance here: I've been in places that would have struggled to hand over $1000 in cash, since they might have had only 2-3 times that total on hand for the entire week.
That was in a small town, but that's my point: anecdotes about being unable to withdraw money are more about logistics than a banking collapse being hidden from the public.
Re:EU-wide maximum limit of €10K for cash payments
by vl on Saturday December 10, 2022 @07:04PM
(#33938436)
This was in a branch that before pandemic would fork out 10k easily. I’m not the only one who experienced this - my friends experienced this across different banks in different states.
Re:EU-wide maximum limit of €10K for cash payments
by woodruffw on Saturday December 10, 2022 @07:12PM
(#33938498)
This doesn't contradict what I've said, and doesn't imply financial instability: it's not particularly surprising that banks weren't receiving as many cash deliveries during the first year of the pandemic, or that demand for cash withdrawals was higher than normal.
You absolutely can walk in and ask for 12K in cash. That amount is normal.
If you’re asking for 30-50K then coordination is needed, and its not because money is not available, simply because youd need to open the vault and that takes time.