Practice: what is the maximum amount one can take with them during their travels?

IN BRIEF

  • Limit of €10,000: declaration required for any amount equal to or greater.
  • Transport outside the EU: obligation to declare at customs.
  • Cash within the EU: same declaration rule for €10,000 or equivalent.
  • Amounts over €50,000: mandatory justification of the source of funds.
  • Specific rules: vary by destination countries.
  • ATM withdrawals: pay attention to weekly limits.
  • Purchases abroad: declaration required for values exceeding €430.

When preparing for a trip, it is essential to understand the rules related to the transport of cash. A maximum amount to carry may not be obvious, especially if you are traveling internationally. In this article, we will explore the cash transport limits, particularly concerning travel to and from the European Union, as well as practical tips to avoid inconveniences during your travels.

General limits for international travel

In Europe, the general rule states that any amount of more than €10,000 or the equivalent in other currencies must be declared to customs. This means that if you possess this amount or more in cash, you must fill out a written declaration upon your departure or arrival. Even if your initial intention is not to exceed this limit, customs authorities may question you about the source of your money if you are carrying amounts close to this limit.

Traveling within the European Union

When traveling within the European Union, it is fundamental to comply with the rules regarding the transport of liquids. If you are carrying up to €10,000, you do not need to declare this amount. However, if you plan to enter or exit the EU with equivalent amounts in other currencies (for example, US dollars or British pounds), you should ensure to make a clear conversion to avoid any ambiguity with customs authorities.

Regulations for large sums

For amounts reaching €50,000 or more, a more detailed declaration is required. You must provide proof regarding the source of these funds. This might include bank statements, sales contracts, or other documents proving that the money does not originate from illicit activities. Failing to fill out this declaration can lead to complications, including the confiscation of funds and legal proceedings.

Best practices for transporting cash

Before leaving, it is wise to carefully plan the amount of cash you intend to carry. To avoid inconveniences, it is recommended to keep any sum exceeding €500 in a secure place, such as a hotel safe or a digital wallet. Additionally, using alternatives such as prepaid cards or cash withdrawals via ATMs may prove more practical for managing your expenses abroad.

Purchases and gifts brought back from abroad

It is important to note that if you make purchases abroad, there is also a limit on the value of goods you can bring back without having to pay customs duties. For France, this threshold is set at €430. If your purchases exceed this amount, you will need to declare and pay customs duties to avoid complications upon your return.