EU-wide maximum limit of €10K for cash payments

Re:EU-wide maximum limit of €10K for cash payments by rootusrootus on Saturday December 10, 2022 @07:32PM (#33938631)

You'd also need the routing number for the bank as well as the name on the account, at a minimum. And what you're thinking of is ACH, which goes between institutions, not between individuals.

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Re:EU-wide maximum limit of €10K for cash payments by ceejayoz on Saturday December 10, 2022 @07:59PM (#33938818)

The routing and account numbers are on all paper checks you write. You can use them to set up ACH transfers to/from that account, with pretty minimal checks.

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Re:EU-wide maximum limit of €10K for cash payments by rootusrootus on Saturday December 10, 2022 @09:12PM (#33939324)

Those transfers have to go through heavily regulated institutions, however, all of whom have strict KYC laws. Of all the ways to try and steal someone's money, this would be fairly low on my list.

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