Spain implemented new cash withdrawal regulations requiring banks and fintechs to report withdrawals over €3,000, sparking widespread public concern and misinformation.

Event date

May 10, 2025

Quotes that support claims

Update (May 10 2025): Following a detailed review of Royal Decree 253/2025, the official BOE text, and multiple independent fact-checks, we determined that an earlier version of this article inaccurately claimed Spaniards must give 24-hours’ notice to tax authorities before withdrawing more than €3,000 in cash.

Spain has implemented new cash withdrawal regulations requiring individuals to provide a 24-hour notice and a stated reason before withdrawing more than €3,000 in cash.

Tags

Week 19 of 2025