With European elections coming upwards in May 2019, y'all probably want to know how the European Matrimony impacts your daily life, before you lot think most voting. In the latest in a series of posts on what Europe does for yous, your family, your business and your wellbeing, we await at what Europe does for people travelling with cash.

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If you are travelling to or from the EU past air, road, runway or sea with €ten 000 or more in greenbacks you must declare it to the customs authorities. This obligation is non designed to make your life difficult simply to prevent coin laundering, the financing of terrorism and other financial crimes. If yous are travelling in a group, the €10 000 limit applies to each person individually.

vacation, tourism, travel, finances and people concept - close up of traveler hands counting euro cash money
© Syda Productions / Fotolia

Cash includes not only banknotes and coins in circulation all over the world but also cheques, promissory notes, money orders and traveller'due south cheques. Information technology does not include currency out of apportionment, antique coins, bullion coins and casino chips. Aureate, precious metals and precious stones are not considered greenbacks all the same, just they volition be soon.

The Cash Command Regulation, which is currently existence revised, states that people who do not declare their greenbacks may have information technology confiscated and receive a substantial fine. Community authorities tin carry out individual checks and checks on baggage and vehicles. All this may inconvenience police force-constant citizens, merely it is done to prevent crime. You must fill in an Eu Cash Announcement Form on entering and leaving the EU, in the official linguistic communication of the state concerned. At that place are some non-European union language versions to assist you lot sympathise the form if you are not from the EU.

Your personal information will be bachelor to the intelligence agencies that monitor financial transactions, but information technology will be kept confidential to protect your security when carrying cash. Exist aware that individual EU countries may have their own cash control rules and limits for travelling within the Eu.

Further information

  • EPRS publication 'Controls of cash movements', 2016, http://world wide web.europarl.europa.european union/RegData/etudes/BRIE/2016/593780/EPRS_BRI%282016%29593780_EN.pdf
  • European Committee, website 'Greenbacks Controls', https://ec.europa.eu/taxation_customs/individuals/greenbacks-controls_en
  • The Cash Control Regulation (Regulation (EC) No 1889/2005)
    http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:Fifty:2005:309:0009:0012:EN:PDF