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Re:Cash payments above €3000 to be outlawed in Netherlands by hiatus on Wednesday August 23, 2023 @10:36AM (#37236665)
So if you sell a house and want to buy a new one, you have to pay for a mortgage you don't need?
Re:Cash payments above €3000 to be outlawed in Netherlands by traceroute66 on Wednesday August 23, 2023 @10:41AM (#37236775)
> So if you sell a house and want to buy a new one, you have to pay for a mortgage you don't need?

You misunderstand.

We are talking hard paper cash here. It might help if we quote a translated excerpt here :

This practice is now being abolished by the introduction of Sec. 16a GwG. From 1 April 2023, it will only be possible to purchase real estate using means of payment other than cash, crypto assets, gold, platinum or precious stones. All parties to the transaction are required to present satisfactory proof of payment, for example a payment confirmation from a financial institution.

(source of excerpt https://www.gvw.com/en/news/blog/detail/prohibition-on-cash-...)

Re:Cash payments above €3000 to be outlawed in Netherlands by mike_d on Wednesday August 23, 2023 @10:53AM (#37236969)
Sounds like a good time to buy silver and palladium.
Re:Cash payments above €3000 to be outlawed in Netherlands by adhesive_wombat on Wednesday August 23, 2023 @10:41AM (#37236765)
Cash as in physical briefcases of banknotes or gold.

You can still do a bank transfer. The point is the money has to pass though a "real" financial institution.

Re:Cash payments above €3000 to be outlawed in Netherlands by birdman3131 on Wednesday August 23, 2023 @10:38AM (#37236714)
Cash as in the physical object. Bank transfers are different.
Re:Cash payments above €3000 to be outlawed in Netherlands by doix on Wednesday August 23, 2023 @10:40AM (#37236748)
I believe in this case, cash refers to physical bills, not how it's normally used in conversation (at least in the UK) to mean buying without a mortgage (via bank transfer).
Re:Cash payments above €3000 to be outlawed in Netherlands by kjandersen on Wednesday August 23, 2023 @10:40AM (#37236745)
Absolutely not, it simply means the payment must be done via the banking system. Electronic = mostly traceable.
Re:Cash payments above €3000 to be outlawed in Netherlands by Guvante on Wednesday August 23, 2023 @10:40AM (#37236754)
Cash in this context means literal cash.

Electronic transfers such as ACH would be allowed.

Re:Cash payments above €3000 to be outlawed in Netherlands by bob88jg on Wednesday August 23, 2023 @10:40AM (#37236739)
No u have to do a bank transfer -in cash here means literally in cash...
Re:Cash payments above €3000 to be outlawed in Netherlands by zdragnar on Wednesday August 23, 2023 @10:38AM (#37236703)
Does Germany have no equivalent to a money order?
Re:Cash payments above €3000 to be outlawed in Netherlands by aeinbu on Wednesday August 23, 2023 @10:42AM (#37236783)
No, you would have money in a bank account, and transfer the money to the receipients bank account. No cash payment needed.