cash limit travel europe

Cash payment limitations

29 September, 2022

Many consumers use cash. However there are limitations on cash payments within the EU and entering or leaving a country with cash may be subject to customs declarations. Check before you travel!

ECCs advise consumers to carefully check the methods of payment accepted by traders and to ensure that transactions are as secure as possible. Some traders might ask for a deposit and accept a deposit in cash, others might ask for a debit or credit card payment and others still might accept cheques , money transfers or postal orders. Consumer credit might also be used widely.

In some countries debit cards may be an option, but as they often have limits on the amount that can be spent, consumers must check with their banks prior to purchase and, if necessary, increase the amount for a short period.

Remember: A trader in the EU is not obligated to accept more than 50 metal coins for the same payment.

Good to know: You are entering or leaving a country with cash. Do you know if you have a duty to declare this sum of money ? Check the requirements for each EU Member state!

For goods and services, the limit for cash payments is EUR 3,000. This restriction does not apply to payments between consumers.

According to Belgian law , special regulations include the following:

The purchase price for the acquisition of real estate may not be paid in cash.
If copper cables are sold to a entrepreneur, the entrepreneur may not pay the purchase price in cash. Not even if the seller is a consumer.
When buying and selling scrap metal and items containing valuable materials, cash payments between entrepreneurs are prohibited.
If a consumer sells such valuable materials to an entrepreneur, the payment may only be made in cash up to an amount of 500 euros. The entrepreneur must also verify the identity of the selling consumer.

These restrictions do not apply if the execution of the contract takes place under the supervision of a bailiff.

Violations of the above restrictions are punishable by fines ranging from 250 euros to 225,000 euros.

Amounts of 10,000 levs (approx. 5,108 euros) or more may not be paid in cash. This also applies if this limit is only reached through several related payments.

Violations can be punished with a fine of up to 25 percent of the sum concerned (for entrepreneurs up to 50 percent).

For payments in another currency, the limit of 10,000 levs is set according to the exchange rate of the Bulgarian National Bank on the day of payment.

Cash payment limitation: 15 000 €

Czech Republic

Cash payments are possible up to and including 270,000 Czech crowns (approx. € 10,509) per day.

Violations of this rule are punishable by a fine of up to 500,000 kroner for consumers and up to 5,000,000 kroner for companies.

No limit on cash payments between private individuals.

As soon as an entrepreneur is involved, however, there is in fact a maximum limit.

Because in Danish law there are, among other things, the following special regulations:

Traders are not allowed to accept cash payments of 20,000 Danish kroner (approx. 2689 euros) or more. This does not apply to banks and other financial service providers.
Traders are obliged to accept cash up to 20,000 kroner between 6 a.m. and 10 p.m. (in areas with a high crime rate until 8 p.m.). The obligation applies when traders accept certain types of payment, especially card payment.
The use of 500-euro notes as well as 25-Øre coins is prohibited.
When paying an amount in coins, a maximum of 25 coins per transaction may be used. The maximum amount that may be paid exclusively in coins is DK 962.50 (approx. 129 euros).
For services or purchases of goods related to services, cash payment is not recommended for amounts of DK 8,000 (approx. 1075 euros) or more. The reason: if the trader does not pay the income tax and VAT on the purchase price, the consumer can be held jointly responsible. The buyer can exempt himself from this liability by reporting the purchase to the competent tax office (within 14 days after payment, at the latest one month after receipt of the invoice).

No limit on cash payments.

Cash can be rejected from 50 coins or banknotes, regardless of the value.

The Estonian central bank as well as credit institutions, on the other hand, must accept cash / banknotes without any restriction.

There is no legal limit for cash payments.

However, the trader is also not legally obliged to always accept cash payments. Such procedures must be clearly communicated, for example in the form of signs at the entrance of a shop, e.g. refusing to accept more than 50 coins or a large banknote.

Netherlands

For private individuals, there is currently no limit for cash payments.

However, there is a legislative proposal to prohibit cash payments from an amount of € 3,000 or more.

There is also an obligation to report irregular payments over € 2,000. This applies to professions in the banking sector, freelancers, insurance companies, casinos and others.

In Norway there is a right to pay with cash.

There is no limit for cash payments between individuals.

However, as soon as an entrepreneur is involved, there is in fact a maximum limit.

The Norwegian law sets the following restrictions:

When paying for items with a value of up to and including 40,000 Norwegian kroner (approx. 3841 euros), the seller may not accept a cash payment. This also applies if the amount is paid in several installments.
When purchasing services or goods related to services, cash payments are not recommended if the amount exceeds 10,000 Norwegian kroner (approx. € 958). The reason: if the service provider does not pay income tax, VAT and social security contributions, the consumer can be held responsible.
When paying an amount in cash, no more than 25 coins per unit must be accepted.

For payments between traders, the limit for cash payments is PLN 15,000 (approx. EUR 3267).

There are no restrictions for private individuals.

Payments of a value of 3,000 euros or more may not be made in cash.

The Portuguese law also contains the following separate regulations:

For a person liable to income or corporate tax in Portugal, cash payments of 1,000 euros or more are not permitted.
If the payment is made by a consumer who does not have a place of residence in Portugal, cash payments are only prohibited from an amount of 10,000 euros or more.
Taxes may only be paid in cash up to and including 500 euros.

Payments to entrepreneurs may only be made in cash as long as they do not exceed 5,000 Romanian lei (approx. € 1016) per day.

For the delivery of goods and services, this limit is 10,000 lei (approx. € 2033) per day.

Payments between consumers, e.g. for the purchase of a good, service or for rent, may only be made in cash as long as the amount is below 50,000 lei (approx. €10,165) per day.

Cash payments of up to 5000 euros are possible for transactions between traders and for a purchase between a consumer and a trader.

For private individuals, the maximum limit is 15,000 euros.

Traders are only allowed to accept cash payments up to and including 5,000 euros.

Payments to traders or from traders may no longer be made in cash from an amount of 1,000 euros or more.

For a consumer who does not have a tax residence in Spain, the ban on cash only applies to an amount of 10,000 euros or more.

If this rule is violated, the penalty is 25 percent of the sum concerned.

There is no limit for paying with cash.

However, a trader can refuse to accept cash. This must then be made known clearly and in good time (for example by means of a corresponding sign in front of a shop).

Healthcare services must always accept cash payments.

United Kingdom

The consumers can make cash payments without any limits.

The traders, however, need to register themselves with tax authorities as 'High Value Dealers' if accepting cash payments in excess of €10,000. Exclusions apply.

Good to know: In England and Wales, you pay with English pound notes. However, in Scotland and Northern Ireland, the English pound notes may not be accepted. Likewise, the Scottish and Northern Irish pound notes may not be accepted in shops in England and Wales.

With regard to the change, there are unlimited payments of £ 5, £ 2 and £ 1. Coins with a face value of 50p, 25p and 20p can pay amounts up to £ 10, with 10p and 5p up to £ 5 and with 2p and 1p up to 20p.

We thank the European Consumer Centers for the provided information. Utmost care has been dedicated to their composition. However, the ECC France does not guarantee the accuracy of the information.

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Innovation Council and Small and Medium-sized Enterprises Executive Agency (EISMEA). Neither the European Union nor the granting authority can be held responsible for them.

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Obligation to declare cash when travelling to or from germany.

Banknotes of various international currencies, © Colourbox

Cash sums totalling 10,000 or more euros on trips to and from Germany must be declared to the customs authorities. This applies to both cash and equivalent means of payment.

Obligation to declare cash or equivalent means of payment when entering or leaving the EU

Any person entering Germany from a country which is not a member state of the European Union ( EU ) or leaving Germany for a non-member state and who is carrying cash or an equivalent means of payment with a total value of 10,000 or more euros is obliged to declare this amount unsolicited and in writing to the competent German customs authorities. The customs control units carry out inspections both at the border and within Germany to monitor compliance with this obligation. A substantial fine may be imposed on anyone who does not declare sums of cash or equivalent means of payment in excess of this limit or makes a false declaration.

Obligation to declare cash or equivalent means of payment when travelling within the EU

Any person entering Germany from an EU member state or leaving Germany for an EU member state and who is carrying cash or an equivalent means of payment with a total value of 10,000 or more euros, must orally declare this amount on entering or leaving the country when questioned by a customs official . A substantial fine may be imposed on anyone who does not declare sums of cash or equivalent means of payment in excess of this limit or makes a false declaration.

Information on a declaration within the EU :

Information on the obligation to verbally declare cash money and equivalent means of payment upon frontier passage within the EU

Information on a declaration when coming from third countries (non-member of the EU ):

Information sheet on the duty to declare cash/funds when entering Germany from a non- EU country or leaving Germany for a non- EU country

Declaration form :

Cash declaration form
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Declaring cash you are carrying into or out of the European Union (EU)

If you are entering or leaving the EU and carrying cash worth €10,000 or more, you must declare it. Cash can be banknotes and/or coins. Declare your cash with customs in the country where you are entering or leaving the EU. If you leave or enter the EU via the Netherlands you should declare the amount with the Douane (Dutch Customs).

Last updated on 4 April 2023

Lees deze informatie in het Nederlands

When do you need to declare cash amounts?

The Belastingdienst (Tax and Customs Administration) provides more information on the situations when you have to declare cash amounts . You do not have to declare cash amounts if you are travelling within the EU.

Declaring cash amounts

You must declare cash amounts to the Douane (Dutch Customs).

Laws and regulations (in Dutch)

Algemene douanewet, artikel 3:2

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Money in Europe: What you need to know about getting cash in Europe

February 11, 2019 by Karen Turner Leave a Comment

As an American abroad, one of the most common questions that I’m asked by visiting friends and family what is the best way to get cash out in Europe. It depends a bit on your country, but this post will discuss European currency, what you need to do before your trip, best practices for getting cash out at the best rates, whether you need to carry around lots of cash, using ATMs in Europe, how to get the best exchange rates, and some tips for various European countries.

1 European currency
2.1 Notify your bank and credit cards
2.2 Set your withdrawal limit
2.3 Do you need to carry a lot of cash on you?
2.4 Bring a wallet or change purse that can handle more coins
2.5 Check the ATM withdrawal policies of your bank
2.6 Avoid taking out cash before your trip for when you arrive
3.1 Avoid traveler’s checks
3.2 Know the rough rate for conversion
3.3 Ensure you have at least one debit card with Visa or Mastercard, if not more.
3.4 Make sure your card is chip and pin
4.1 ATMs in Airports are convenient, however they usually have high fees attached to them
4.2 Try to look up banks, rather than ATMs, as these ATMs will have lower fees
4.3 Be aware of your surroundings and try to use ATMs within residential neighborhoods
4.4 Check the ATM before using it
5.1 Large bills may not be broken in many shops
5.2 Avoid exchanging money
5.3 It’s generally cheaper to pay in cash for small items and meals. I typically use a credit card for hotels.
5.4 Americans: Avoid keeping excess US dollars, most places will not accept them
5.5 In countries that don’t use the euro, you might be able to use euros in some cases*
5.6 Be careful about handing off your cards to be run in the back
6 Any other questions about taking out money in Europe?

European currency

Within the European Union, the euro is the dominant currency used, however, the euro is not the only currency. Certain countries within the EU have chosen to keep their own currency. Similarly, there are countries within Europe that aren’t part of the European Union that do not use the euro. ( Kosovo is not part of the EU, but they choose to use the euro as their currency.)

Euros are used throughout the European Union, but not used in all countries in Europe!

These countries use the euro : Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Latvia, Lithuania, Luxembourg, Malta, the Netherlands (my home!), Portugal, Slovakia, Slovenia, and Spain.

These countries in Europe do not use the euro: Albania, Belarus, Bulgaria, Croatia, Czech Republic, Denmark, FYR Macedonia, Moldova, Hungary, Iceland, Liechtenstein, Poland, Norway, Romania, Russia, Serbia, Sweden, Switzerland, Ukraine, and United Kingdom.

Both one and two euro are coins, however beyond that, you’ll receive bills for the various denominations: 5, 10, 20, 50, 100, 500. In terms of coins, some European countries do not use the penny coin (e.g. the Netherlands), so your amount might be rounded to the nearest even amount.

What you need to do before your trip

Notify your bank and credit cards.

This is the most important notes that I have for travelers visiting Europe! If you don’t put on a travel notice for your cards, you won’t be able to use your cards. It’s disappointing and it’s happened to family members of mine. Inform your bank/credit card companies of travel plans.

Set your withdrawal limit

One pro tip of mine is to set your withdrawal limit a bit lower by default in case your card is stolen. I have my withdrawal limit at 150 euros per day and it can be updated easily if I had an emergency. As a traveler, I’d recommend maybe 200 euros if you’re concerned about needing to pay for a hotel in cash.

Do you need to carry a lot of cash on you?

No, you do not. Carrying a lot of cash on you is a liability whether it’s leaving it vulnerable in your hotel room and carrying it around with you on the street (making you more prone to pickpockets). It depends on your travel style, but you will be surprised how many European establishments will accept cards.

Some European countries like Germany and Albania tend to be more cash-based. Similarly, some countries (like the Netherlands) prefer a card system that is not used by many other countries (Maestro debit card). Generally, larger capital cities tend to be more oriented towards tourists, but you might see a shift once you visit smaller cities. Similarly, regional transit may not accept cards.

Bring a wallet or change purse that can handle more coins

Not everyone thinks about this, however you’ll need a change purse that can carry lots of coins . Both the euro as well as the 2 euro are coins, so I recommend bringing a coin purse at minimum ! You’ll be surprised how heavy your wallet can get if you are dealing with euros as well as several other currencies within Europe (especially in the Czech Republic).

Check the ATM withdrawal policies of your bank

Find out how much it will cost you per ATM visit. I recommend looking for a bank that has no ATM fees, which will make it easier to take out cash more often. In terms of US banks, I use Charles Schwab, which doesn’t charge ATM fees anywhere.

If you’re in a similar situation, I’d recommend visiting the ATM every few days (or as needed) to take out 100 euros (or 200 as needed) to minimize how much you’re carrying on you. If you have higher fees, I’d limit your cash to 300 euros at one time.

Avoid taking out cash before your trip for when you arrive

Although it seems natural to go to your bank to get some money, you’re going to get a less ideal exchange rate than if you use an ATM in Europe! There are generally ATMs (described as cash machines/cash points depending on the country) within most major airports, so don’t worry too much!

Typical Parisian Metro sign in Street Lamp. Paris France.

Best practices for getting cash out in Europe

Avoid traveler’s checks.

Although traveler’s checks have long been sold as the safest choice for paying for travel in Europe, however, you might be surprised how many places do not take them anymore. Save yourself the effort of gathering traveler’s checks and look into credit cards that do not charge foreign transaction fees before your trip to pay for hotels (and other extras).

Know the rough rate for conversion

On my first trip to Europe, I obsessed over the currency exchange rate, but unless you’re making a very large purchase in the thousands, you don’t need to check the currency rate obsessively. It will change a bit, but most likely not as markedly as you’d expect.

Even checking the rate every couple days or before you travel to a country that doesn’t use the euro will save you some hassle and help you figure out how much you’re spending in your home currency. This is particularly helpful in terms of using cash machines ( ATMS ), so you can estimate how much money you’re taking out in your home currency. (Google will instantly convert amounts for you in real time on your phone if needed.)

Ensure you have at least one debit card with Visa or Mastercard, if not more.

You never know when your cards will stop working, an ATM eats your card, or you forgot to clear your card for travel. It’s always good to always have a backup card. Visa and Mastercard are the two most popular card types in Europe, so if you have more than one, you’ll save yourself a lot of effort!

Make sure your card is chip and pin

European cards by default are chip and pin, so if your debit or credit card is not set up with chip and pin, you might want to check how to use it and/or replace it with a chip and pin card.

Without a chip and pin card, you might have some issues with card machines specifically designed for this purpose. (Many card readers in the Netherlands where I live are not designed for swiping.)

ATMs in Europe

Woman using an ATM in Europe, one of the best ways to get money out in Europe with a good exchange rate! #travel #europe #money

ATMs in Airports are convenient , however they usually have high fees attached to them

One of the most convenient places to find an ATM is at the airport, however I recommend checking for the relevant fees as well as the exchange rate as these ATMS tend to be less than ideal. I sometimes take out a small bit of cash (40 euros) to allow me to get into the city center and/or my hotel before finding an ATM at a bank.

Try to look up banks, rather than ATMs, as these ATMs will have lower fees

Whenever you’re looking for a cash machine/ATM, I recommend searching for banks! There’s usually an ATM run by the bank itself and compared to third-party items, their fees might be lower (beyond your own international banking fees). Avoid Euronet ATMs at all costs!

Be aware of your surroundings and try to use ATMs within residential neighborhoods

This is a big one! When I was in Paris, someone on the free walking tour with me chose to use an ATM at a heavily trafficked corner near the Louvre. While he was using it, a man tried to extort him to take the cash while another lingered nearby.

I try to use cash machines in residential neighborhoods (where it’s quieter) and if I have to use an ATM in a popular area, I try to ensure that nobody else is close to me prior to quickly putting the money away.

Check the ATM before using it

Before using a cash machine, I generally will pull on the card reader portion. A skimmer is a device put on top of a card reader (for a restaurant or an ATM) in order to read your card and save that data for thieves. They’re harder to spot, but since watching this video of removing a skimmer in Vienna , I always tug a bit on the ATM and inspect the machine a bit before using it.

Other tips for money in Europe

Read tips for getting the best exchange rates for your money in Europe with practical tips for getting money out in Europe by an American living in Europe! #travel #europe #money #paris

Large bills may not be broken in many shops

If you’re taking out quite a bit of cash, be warned that many smaller shops and even commercial shops may refuse to break your bill that is 100 euros (and more). It’s frustrating, so avoid getting bills more than 100 euros (beyond paying for accomodation). I generally recommend getting out your money in twenties or fifties.

Avoid exchanging money

Although it seems like a good ideal to have some extra cash on you, the exchange rate at most money exchange booths is far less favorable than using an ATM. I recommend leaving your home currency money at home and waiting until you arrive. You’ll get more money to keep!

It’s generally cheaper to pay in cash for small items and meals. I typically use a credit card for hotels.

You’ll have an easier time paying for smaller meals as well as small items in cash. I typically use a credit card (that doesn’t charge foreign transaction fees) to pay for hotels, car rentals, and large purchases (e.g. flights).

Americans: Avoid keeping excess US dollars, most places will not accept them

Although it used to be that you should carry some US dollars just in case, I can tell you that people will think you’re an idiot if you try to pay in US dollars. Pay in euros (or the applicable local currency). You’ll get a better exchange rate and they’ll be readily accepted.

In countries that don’t use the euro, you might be able to use euros in some cases*

In not all countries, the euro is accepted (at a markup) on the local currency at shops. I saw this at Cesky Krumlov, which is very close to the Austrian border, as well as in Albania . In Albania, most tours and hotels quoted the price in euros and would give you a more favorable exchange rate if you paid in lek.

Be careful about handing off your cards to be run in the back

If you’re paying with a card, I generally prefer to pay at the front where I can watch my card be run. If your card is taken to the back, you don’t really know what they’re doing with it and it might provide someone the opportunity to write down your card information. I generally request that I come to the front desk to pay, which is a good precaution.

Any other questions about taking out money in Europe?

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Read money saving tips for traveling in Europe focuses on currency and ATMs, including how to get the best exchange rate for your money. #travel #europe #money #paris #london

About Karen Turner

New Yorker–born and raised. Currently living in the Hague, the Netherlands after stints in Paris and Amsterdam. Lover of travel, adventure, nature, city, dresses, and cats.

Who needs to declare?

Any natural person entering or leaving the EU and carrying cash of a value of €10 000 or more is required to declare that sum to the competent authorities of the Member State through which he/she is entering or leaving the EU.

Any natural person is any traveller or crewmember that enters or leaves the EU by air, road, rail or sea.
If this person is carrying cash for a legal entity (e.g. the company for which he/she works), that person must give the name of the company in the declaration.
For persons travelling in a group the € 10 000 limit applies to each person individually.
The obligation to declare cash also applies to minors through their parents or legal guardians, and to mentally incompetent persons or protected adult persons through their legal representation.
If you are unsure if you have to declare or not, it is important to spontaneously approach and seek advice from the competent authorities at the point of entry or exit of the EU.

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International Edition

Cash payment: Cash limits in Europe

January 19, 2024

If you want to pay large sums of money abroad in the EU, for example when buying a car, there are a few rules you need to follow.

This is because many EU countries have cash limits. This means that cash payments can only be made up to a certain amount.

No single EU-wide limit for cash payments yet

There is still no standardised upper limit for cash payments in the EU. But this will come.

In the fight against money laundering and terrorist financing, the European Parliament and the Council of Ministers, in which the representatives of the member states sit, have agreed on a standardised upper limit of 10,000 euros. The law still needs to be formally adopted. Read more here.

Member states that already have lower cash limits can retain them.

Important to know

In euro countries, there is no obligation to accept more than 50 coins at a time.
It may also happen that traders refuse larger euro notes (e.g. a €200 note).
Anyone entering or leaving the EU with a total of more than €10,000 in cash must declare it to national customs.

Please click on the country to get more information.

For goods and services, the limit for cash payments is EUR 3,000. This restriction does not apply to payments between consumers.

According to Belgian law , special regulations include the following:

The purchase price for the acquisition of real estate may not be paid in cash.
If copper cables are sold to a entrepreneur, the entrepreneur may not pay the purchase price in cash. Not even if the seller is a consumer.
When buying and selling scrap metal and items containing valuable materials, cash payments between entrepreneurs are prohibited.
If a consumer sells such valuable materials to an entrepreneur, the payment may only be made in cash up to an amount of 500 euros. The entrepreneur must also verify the identity of the selling consumer.

These restrictions do not apply if the execution of the contract takes place under the supervision of a bailiff.

Violations of the above restrictions are punishable by fines ranging from 250 euros to 225,000 euros.

Amounts of 10,000 levs (approx. 5,108 euros) or more may not be paid in cash. This also applies if this limit is only reached through several related payments.

Violations can be punished with a fine of up to 25 percent of the sum concerned (for entrepreneurs up to 50 percent).

For payments in another currency, the limit of 10,000 levs is set according to the exchange rate of the Bulgarian National Bank on the day of payment.

From January 2023 the following will apply: Legal or natural persons carrying out a registered activity in Croatia may not accept cash payments of 10,000 euros or more.

Czech Republic

Cash payments are possible up to and including 270,000 Czech crowns (approx. € 10,509) per day.

Violations of this rule are punishable by a fine of up to 500,000 kroner for consumers and up to 5,000,000 kroner for companies.

Here you can read the Czech legal text (in English).

No limit on cash payments between private individuals.

As soon as an entrepreneur is involved, however, there is in fact a maximum limit.

Because in Danish law there are, among other things, the following special regulations:

Traders are not allowed to accept cash payments of 20,000 Danish kroner (approx. 2689 euros) or more. This does not apply to banks and other financial service providers.
Traders are obliged to accept cash up to 20,000 kroner between 6 a.m. and 10 p.m. (in areas with a high crime rate until 8 p.m.). The obligation applies when traders accept certain types of payment, especially card payment.
The use of 500-euro notes as well as 25-Øre coins is prohibited.
When paying an amount in coins, a maximum of 25 coins per transaction may be used. The maximum amount that may be paid exclusively in coins is DK 962.50 (approx. 129 euros).
For services or purchases of goods related to services, cash payment is not recommended for amounts of DK 8,000 (approx. 1075 euros) or more. The reason: if the trader does not pay the income tax and VAT on the purchase price, the consumer can be held jointly responsible. The buyer can exempt himself from this liability by reporting the purchase to the competent tax office (within 14 days after payment, at the latest one month after receipt of the invoice).

Below you will find the relevant Danish laws (in Danish):

LBK nr 1062 af 19/05/2021
2020/1 LSF 193
LOV nr 652 af 08/06/2017
BEK nr 928 af 19/09/2008
LBK nr 1803 af 12/12/2018

No limit on cash payments.

Cash can be rejected from 50 coins or banknotes, regardless of the value.

The Estonian central bank as well as credit institutions, on the other hand, must accept cash / banknotes without any restriction.

There is no legal limit for cash payments.

Netherlands

There is currently no limit on cash payments to private individuals.

However, for cash payments of €10,000 or more, the seller is obliged to carry out a detailed check on the customer (customer due diligence).

The seller can also decide whether to accept cash at all or only up to a certain amount.

There is an obligation to report suspicious payments over €2,000. This applies, for example, to the banking sector, freelancers, insurance companies and casinos.

The Dutch government is working on a bill that would ban cash payments above €3,000.

In Norway there is a right to pay with cash.

There is no limit for cash payments between individuals.

However, as soon as an entrepreneur is involved, there is in fact a maximum limit.

The Norwegian law sets the following restrictions:

When paying for items with a value of up to and including 40,000 Norwegian kroner (approx. 3841 euros), the seller may not accept a cash payment. This also applies if the amount is paid in several installments.
When purchasing services or goods related to services, cash payments are not recommended if the amount exceeds 10,000 Norwegian kroner (approx. € 958). The reason: if the service provider does not pay income tax, VAT and social security contributions, the consumer can be held responsible.
When paying an amount in cash, no more than 25 coins per unit must be accepted.

You can find relevant Norwegian laws here (in Norwegian):

Lov om Norges Bank og pengevesenet mv . (sentralbankloven)
Lov om tiltak mot hvitvasking og terrorfinansiering ( hvitvaskingsloven)
Lov om betaling og innkreving av skatte- og avgiftskrav (skattebetalingsloven)

For payments between traders, the limit for cash payments is PLN 15,000 (approx. EUR 3300).

If natural persons are involved, there are no limits.

Changes to cash limits in Poland planned for January 2024 have been abandoned.

Payments of a value of 3,000 euros or more may not be made in cash.

The Portuguese law also contains the following separate regulations:

For a person liable to income or corporate tax in Portugal, cash payments of 1,000 euros or more are not permitted.
If the payment is made by a consumer who does not have a place of residence in Portugal, cash payments are only prohibited from an amount of 10,000 euros or more.
Taxes may only be paid in cash up to and including 500 euros.

Payments to entrepreneurs may only be made in cash as long as they do not exceed 5,000 Romanian lei (approx. € 1016) per day.

For the delivery of goods and services, this limit is 10,000 lei (approx. € 2033) per day.

Payments between consumers, e.g. for the purchase of a good, service or for rent, may only be made in cash as long as the amount is below 50,000 lei (approx. €10,165) per day.

From 1 July 2023, the cash payment limit for all natural and legal persons in Slovakia will be €15,000.

Traders are only allowed to accept cash payments up to and including 5,000 euros.

Payments to traders or from traders may no longer be made in cash from an amount of 1,000 euros or more.

For a consumer who does not have a tax residence in Spain, the ban on cash only applies to an amount of 10,000 euros or more.

If this rule is violated, the penalty is 25 percent of the sum concerned.

You can find relevant Spanish laws here (in Spanish):

Ley 11/2021

There is no limit for paying with cash.

However, a trader can refuse to accept cash. This must then be made known clearly and in good time (for example by means of a corresponding sign in front of a shop).

Healthcare services must always accept cash payments.

More information in Swedish can be found here.

United Kingdom

The consumers can make cash payments without any limits.

The traders, however, need to register themselves with tax authorities as 'High Value Dealers' if accepting cash payments in excess of € 10,000. Exclusions apply.

Good to know : In England and Wales, you pay with English pound notes. However, in Scotland and Northern Ireland, the English pound notes may not be accepted. Likewise, the Scottish and Northern Irish pound notes may not be accepted in shops in England and Wales.

Below you will find relevant UK legislation and further information:

Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
Coinage Act 1971
Currency and Bank Notes Act 1954
What is legal tender? | Bank of England

The information is provided by our colleagues in the European Consumer Centres Network . It does not claim to be exhaustive.

Useful links

EU Parliament press release 17.01.2024
EU Commission: Beating financial crime

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UponArriving

How Much Cash Can You Travel With? (TSA & International Rules) [2023]

So you have a load of cash and you want to transport it across the country or perhaps even internationally. But exactly how much cash are you allowed to travel with?

In this article, I will break down everything you need to know about traveling with cash including important rules and limitations when flying.

I’ll also cover a number of key considerations you will want to think about before taking your cash with you when going through TSA or even traveling internationally.

Table of Contents

How much cash can you travel with?

There are no limits on the amount of cash you can travel with but there are some major considerations you need to think about when doing so.

If you are traveling domestically, your primary concern is avoiding forfeiture of your cash.

If you are traveling internationally, forfeiture is a concern but you should also be focused on remembering to declare the value of your currency and monetary instruments totaling above $10,000. Keep reading to find out more.

Tip: Use the free app WalletFlo to help you travel the world for free by finding the best travel credit cards and promotions!

Legal risks of traveling with cash

TSA is concerned about dangerous threats such as explosives and not with enforcing laws and penal codes. (This is why they do not check for arrest warrants .)

Your cash money does not present a dangerous threat and so there should be no legitimate concern about it harming other passengers on the plane.

However, in the past there have been reports of TSA agents initiating the process for seizing cash from passengers under the suspicion that it is money gained from an illegal activity or money that is intended to be used on illegal activity.

Think drugs, weapons, and organized crime activities.

The seizing of cash can be accomplished under a number of different statutes including 21 U.S. Code § 881(a)(6) which governs forfeitures.

It states that you have no property right for:

(6) All moneys, negotiable instruments, securities, or other things of value furnished or intended to be furnished by any person in exchange for a controlled substance or listed chemical in violation of this subchapter, all proceeds traceable to such an exchange, and all moneys, negotiable instruments, and securities used or intended to be used to facilitate any violation of this subchapter.

It’s possible that if a TSA agent spots a lot of cash on you or in your bag (especially a lot of smaller bills like $20 bills) they could refer you to authorities (i.e., DEA) for some type of questioning.

The authorities may check to see if you are on some type of watchlist but even if you are not they may still deem that your cash is subject to civil forfeiture, which means that it will all be taken from you.

This can happen even if you have not been charged or convicted of any crime.

Some dogs that patrol airports have a nose for cash and a lot of cash has come into contact with illegal narcotics.

In fact, a study by Yuegang Zuo of the University of Massachusetts Dartmouth in 2009 found that about 90 percent of banknotes contain traces of cocaine . Traces of other drugs have also been found on cash like codeine, amphetamines and methamphetamines .

That means that “false positives” could be triggered, which could potentially be used as further evidence about your illegal activity (reportedly dogs don’t usually sniff out these faint traces).

If your money is seized you should have the opportunity to petition the process and to retrieve your funds.

It’s an odd legal proceeding where your cash is literally the defendant: “United States of America v. $50,000 in United States currency.”

That’s important because it means that the legal burden of proof is at the civil level which only requires it to be more likely than not that you were up to no good.

This petition process may not be very fun, could last a long time, and could be very costly. For example, you will likely need to hire an attorney which might cost you as much money as you have at stake.

Your success rate could also be very low.

In March 2017, the Justice Department’s Office of Inspector General reported that over the course of 10 years, the DEA only returned money in 8% of cases.

And if you do get your money back, if you owe taxes or judgments, those will likely have to be paid out first.

For these reasons, I would try to limit the cash I take through TSA security to maybe just a couple of thousand dollars (If that).

Personally, the most cash I ever carry on me is a couple of hundred bucks.

This may be problematic for people who want to gamble at their destination or who are looking to do things like purchase a car with cash but you should make alternative arrangements to receive your cash at your destination if possible.

Tips for traveling domestically with cash

If you are thinking about traveling through TSA with cash my advice would be the following:

Keep the amount as small as possible

First, avoid bringing more than $2,000 in cash if possible. That should be well below the level considered to be suspicious, as the lowest amount I saw subject to forfeiture was $6,000.

Also, try to avoid $20 bills since those are customarily used in drug deals.

Notify a TSA agent

If you do bring cash consider notifying a TSA agent when you enter the line and see if you can get some type of private or secondary screening.

If you have TSA Pre-Check , an agent might consider you to be less likely to be engaged in criminal activity but that is not a guarantee.

But note that cash has been seized in cases where people notified a TSA agent themselves so this is not a full proof method.

And it goes without saying but do not attempt to conceal the cash on your body such as strapping it to your chest because the full body scanners will find this quite easily.

Avoid checked baggage

You might be thinking about putting the cash in your checked baggage but that is not a good idea.

For one, if the cash was detected you will not be there to explain the situation and you may be caught off guard later when you are brought in for questioning by the DEA.

Second, if your cash is detected it’s possible that an unethical TSA agent could simply decide to take your cash.

And finally, if your luggage is lost you will not be able to retrieve that cash and cash is almost always an exception to baggage insurance policies.

Bring documentation

If you are traveling with a lot of cash because you want to purchase a vehicle or take care of some other transaction make sure that you have all of the supporting documentation already with you in case you are brought in for questioning.

Presenting anything less than an airtight explanation for transporting cash can mean instant forfeiture.

Avoid transporting suspicious items

It is a good idea to avoid transporting other items such as marijuana along with your cash since that will only reinforce the image that you are up to some type of criminal drug activity.

This is even the case if the state you are flying out of has legalized marijuana.

Consider your criminal history

And finally, if you have any type of criminal history — especially cases related to drug infractions — the odds of you encountering an issue with forfeiture go up.

That’s because it will be that much easier for them to make a case against you. Remember, we are talking about a civil court burden of proof — not criminal court.

So you should really reconsider bringing a lot of cash if that applies to you.

The International cash limit of $10,000 and the need to declare

US Customs and Border Protection is clear that you can transport “any amount of currency or other monetary instruments into or out of the United States.”

The caveat is that if the amount of currency exceeds $10,000 or it’s for an equivalent then you will need to file a FinCEN Form 105 (“Report of International Transportation of Currency or Monetary Instruments”) with U.S. Customs and Border Protection.

This is a pretty simple form to fill out and basically just requires you to input the following information:

Contact information including passport number
Export/import information
Shipping information if applicable
Details of the currency or monetary instrument

You can file this form electronically at FinCEN Form 105 CMIR, U.S. Customs and Border Protection (dhs.gov) but you can also file it in paper form.

In addition, if you are entering the United States you must declare if you are carrying currency or any other monetary instruments if they total over $10,000.

You can make this declaration on your Customs Declaration Form (CBP Form 6059B) and then file a FinCEN Form 105.

Do not blow off this requirement because failing to declare could mean forfeiture of your money and some pretty serious criminal penalties.

And remember each country has its own policy regarding traveling with cash so you have to make sure you are in compliance with the country you are headed to.

Monetary instrument

Unless you went to law school for three years you might be wondering what a “monetary instrument” is as it’s found on the FinCEN Form 105 .

US Customs and Border Protection defines it as:

Traveler’s checks in any form
All negotiable instruments (including personal checks, business checks, official bank checks, cashier’s checks, third-party checks, promissory notes, and money orders) that are either, in bearer form, endorsed without restriction, made out to a fictitious payee, or otherwise in such form that title passes upon delivery
Incomplete instruments (including personal checks, business checks, official bank checks, cashiers’ checks, third-party checks, promissory notes, and money orders) signed but with the payee’s name omitted
securities or stock in bearer form or otherwise, in such form that title passes thereto upon delivery.

In this article we are mostly focused on cash which would most definitely fall under “currency.”

Specifically, 19 CFR § 1010.100(m) defines “currency” as the coin and paper money of the United States or of any other country that:

(1) is designated as legal tender, (2) circulates, and (3) is customarily used and accepted as a medium of exchange in the country of issuance.
Currency includes U.S. silver certificates, U.S. notes, and Federal Reserve notes.
Currency also includes official foreign bank notes that are customarily used and accepted as a medium of exchange in a foreign country.

The big take away here is that this restriction applies to cash of the US and also other countries.

The cash of pretty much every developed country is going to meet the requirements for currency listed above so it doesn’t matter if you are transporting Great Britain Pounds, Euros, etc.

Keep in mind that each form of currency and monetary instrument counts separately, as well. So if you have $6,000 in cash and a $5,000 traveler’s check, you are above the limit.

And members of a family residing in one household entering the United States that submit a joint or family declaration must declare if the members are collectively above the $10,000 limit.

So if a husband has $4,000 and the wife has $7,000, that family must declare because they are collectively above the limit.

Items that don’t count as currency

Some items related to currency do not officially count as currency but you still may have to declare them as “merchandise.”

For example, coins of precious metals, including silver and gold, do not fall into the definition of “monetary instrument” or “currency.”

However, coins of precious metals must be declared as merchandise if they are acquired abroad.

Other articles of precious metals (including gold bullion, gold bars, and gold jewelry) also do not fall into the definition of “monetary instrument” or “currency.”

However, these articles must also be declared as merchandise if they are acquired abroad.

They also have a list of excluded items which includes:

Warehouse receipts and bills of lading
Monetary instruments that are made payable to a named person, but are not endorsed or which bear restrictive endorsements
Credit cards and prepaid cards
Virtual currencies including Bitcoin

So if you are traveling around with credit limits above $50,000 or a nice stash of cryptocurrency you don’t have to worry about declaring those items.

Factors to consider when traveling with cash

When you are traveling chances are you are going to want to spend some money on various expenses like dining and excursions. It is highly recommended to use a good travel rewards credit card for these expenses for a few reasons.

Getting through security

If you have a bag full of cash money, that bag is going to have to get through security at some point. This may be at the airport, a train station, etc.

As explained in detail above, if a screening agent notices that you have wads of cash in a bag this could potentially raise a red flag and a worst-case scenario of you losing your cash and never getting it back.

The theft risk

Traveling with cash is risky whether you keep that cash on you or you stored in your hotel room.

If you are walking around with cash on you there is always that chance that you could run into a thief. This could be someone who could pick pocket your wallet or cash right out of your clothes or bag.

Or in a more serious case, this could be someone who holds you up with some type of weapon and forces you to handover your cash.

If you are going to travel with cash on your person it’s recommended to have some type of hidden wallet and a dummy wallet in your pocket. Your dummy wallet will have a small amount of cash, perhaps a duplicate credit card and even a duplicate ID to make it look as realistic as possible.

The idea is that if someone were to take that dummy wallet they would only get away with a minimal amount of your valuables. You could then have your real stash of cash hidden beneath your clothing.

If you choose to store your cash in your hotel room you also need to be careful. Putting your cash into a hotel safe is not quite as secure as you might think . In some cases you may actually want to just hide your cash somewhere in the room where a thief would not think to look.

Either way you go, carrying a lot of cash on you is a risk that you need to weigh very carefully.

Travel insurance

You can get travel insurance by paying for your excursions and travels with a good travel credit card.

So if for some reason you purchase a nonrefundable hotel or tour and then you have to cancel because you get sick or for some other covered reason, you can get fully reimbursed for your purchase. In some cases this could put thousands of dollars back in your pocket.

But if you paid for something like your hotel with cash there is a good chance that you will simply be out of luck and get hit with the loss.

Also, you might struggle to even be able to pay cash for certain travel expenses like rental cars .

Foreign conversion fees

When you convert your cash into a foreign currency you will be paying some type of conversion fee and in some cases may be dealing with a subpar rate, especially at those kiosks .

Certain types of ATM cards will allow you to withdraw cash in the local currency with minimal fees but the best way to make purchases abroad is to simply have a credit card with no foreign transaction fees.

Travel credit cards are great about offering rewards on purchases made abroad.

You don’t have to look very far to find a credit card that will earn you extra bonus points on flights, hotels, and even your tours and events. Earning extra points on dining, even when dining abroad, is also easy with cards like the Amex Gold Card.

By paying with cash you are missing out on all of these valuable rewards.

Traveling with a lot of cash can be problematic because that is often how actors travel who are engaged in criminal activities.

Your best bet is to avoid bringing a lot of cash but if you must, try to bring as much supporting documentation as possible and be prepared for questioning and the possibility of you having to fight against the government to retrieve your money.

Daniel Gillaspia is the Founder of UponArriving.com and the credit card app, WalletFlo . He is a former attorney turned travel expert covering destinations along with TSA, airline, and hotel policies. Since 2014, his content has been featured in publications such as National Geographic, Smithsonian Magazine, and CNBC. Read my bio .

Privacy Overview

Customs Cash Limits: How Much Cash Can You Carry On A Plane

Customs cash limits, how much cash can you carry on a plane.

If you thinking of flying with money you need to check how much cash you can take on your flight. This will depend on what country your are flying from and where you are going.

You can use our handy guide find customs cash limits for the country you are travelling to. Data supplied by the IATA Travel center .

Worldwide Currency Import Regulations Tool

Same regulations as for export apply.

Local currency (Afghani-AFA): in banknotes or coins up to AFA 50,000.-. Foreign currencies: up to the amount imported and declared. For amounts over AFA 1,000,000.- and "Ansari Application Form" is required.

Local currency (Albanian Lek-ALL): prohibited. Foreign currencies: no restrictions.

Local currency (Albanian Lek-ALL): prohibited. Foreign currencies: up to USD 5,000.- or up to the amounts imported and declared on arrival.

Foreign currencies: unlimited, to be changed at the nearest bank.

Foreign currencies: up to the amount imported and declared. It is necessary to submit the currency declaration issued on arrival. Declaration of exchange to be presented upon departure.

Local currency (Euro - EUR) and foreign currencies: no restrictions.

1. Local currency (Kwanza-AOA): up to AOA 50,000.- for residents and non-residents. 2. Foreign currencies: up to USD 15,000.- or equivalent (residents) and up to USD 10,000.- or equivalent (non-residents).

1. Local currency (Kwanza-AOA): up to AOA 50,000.- for residents and non-residents. 2. Foreign currencies: a. Residents (18 years of age and above): up to USD 15,000.- or equivalent; b. Residents (below 18 years of age): up to USD 5,000.- or equivalent; c. Non Residents (18 years of age and above): up to USD 10,000.- or equivalent; d. Non Residents (below 18 years of age): up to USD 3,000.- or equivalent. Exempt: a. If holding a letter (certified by B.N.A./D.O.I.) from a company or entity which took care of payment of all expenses during stay in Angola: foreign currencies up to the amount imported. b. Amounts left with receipts of bills paid or money exchange vouchers.

Local currency (East Caribbean Dollar-XCD) and foreign currencies: unlimited, if a declaration has been made upon arrival.

Antigua and Barbuda

Local currency East Caribbean Dollar (XCD) and foreign currencies: up to USD 10,000.- or equivalent. Higher amounts must have been declared on arrival.

Local currency (Argentine Peso-ARS) and foreign currencies: no restrictions. However, amounts exceeding USD 10,000.- (or equivalent) must be declared. Gold must be declared.

Local currency (Argentine Peso-ARS) and foreign currencies: prohibited unless exportation is made through authorized financial and foreign exchange entities, for amounts above: -USD 10,000.- (or equivalent) for travelers aged over 21 or independent minors; or -USD 2,000.- (or equivalent) for travelers aged between 16 and 21 years; or -USD 1,000.- (or equivalent) for travelers aged under 16 years.

Local currency (Armenian Dram - AMD) and foreign currencies: no restrictions. Cash in amounts exceeding USD 10,000.- or equivalent must be declared. Exempt from cash import declaration are passengers arriving from the Eurasian Customs Union ( Belarus, Kazakhstan, Russian Fed.)

Local currency (Armenian Dram -AMD) and foreign currencies: no restrictions up to USD 10,000.-or equivalent. Warning: More than USD 10,000- must be transferred via a bank. Exempt are passengers departing to the Eurasian Customs Union ( Belarus, Kazakhstan, Russian Fed.)

Local currency (Aruban Florin-AWG) and foreign currencies: no restrictions. However, amounts exceeding AWG 20,000.- (USD 11,000.- or equivalent) must be declared.

Local currency (Australian Dollar-AUD) and foreign currencies: no restrictions up to AUD 10,000.- (or equivalent in freely convertible currency). Warning: Any amount of Australian or foreign currency in coins and bank notes exceeding AUD 10,000.-(or equivalent in freely convertible currency) has to be declared in a Cross Border Movement Report (CBMR) . Other than coins and bank notes: travelers entering/departing Australia must declare, if requested, any of the following Bearer Negotiable Instrument (BNI): bills of exchange; cheques; promissory notes; bearer bonds; traveler's cheques; money orders, postal orders or similar orders; negotiable instruments not covered by any of the above paragraphs.

Same regulations as per Export apply.

Local currency (Euro - EUR) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

1. Residents: a. Local currency (New Azeri Manat-AZN): allowed, if the amount has been declared on the customs declaration when leaving the country. b. Foreign currencies: up to USD 10,000.- or equivalent. Higher amounts must be declared. 2. Non-residents: Foreign currencies: up to USD 10,000.- or equivalent. Higher amounts must be declared.

1. Residents: a. Local currency (New Azeri Manat-AZN): no restrictions if the amount is declared on departure. b. Foreign currencies: max. USD 10,000.- (or equivalent). All amounts higher than USD 1,000.- are subject to tax (1%). Amounts higher than USD 10,000.- have to be approved by the Central Bank of Azerbaijan. 2. Non-residents: up to the amount imported and declared (proof of import must be presented otherwise a max. of USD 1,000.- may be exported).

Local currency (Bahamian Dollar - BSD): not permitted. Foreign currencies: no restrictions.

Local currency (Bahamian Dollar - BSD): banknotes: a max. of BSD 200.- per person, higher amounts require permission of the Central Bank of the Bahamas; coins: no restrictions. Foreign currencies: no restrictions.

Local currency (Bahrain Dinar-BHD) and foreign currencies: no restrictions . Passengers arriving/departing Bahrain can be requested by the Customs or Security Authorities to disclose the value of any local or foreign currencies, gold or other negotiable instruments that are in their possession.

1. Residents: a. Local currency (Bangladesh Taka-BDT): up to BDT 100.-. b. Foreign currencies: no limit. 2. Non Residents: a. Local currency: up to BDT 100.-. b. Foreign currencies: no limit. Amounts over USD 5,000.- (or equivalent) must be declared.

1. Residents: a. Local currency (Bangladesh Taka-BDT): up to BDT 100.-. b. Foreign currencies: up to USD 25.- or equivalent. Higher amounts must be endorsed on the passport by Bangladesh Bank/Authorized Dealers in foreign exchange. 2. Non Residents: a. Local currency: up to BDT 100.-. b. Foreign currencies: up to USD 150.- or equivalent. Higher amounts if declared on arrival.

Local currency (Barbadian Dollar-BBD): no restrictions, if declared on arrival. Foreign currencies: no restrictions if declared on arrival.

1. Residents: a. Local currency (Barbadian Dollar-BBD): up to BBD 200.-. b. Foreign currencies: up to the equivalent of BBD 1,500.-. 2. Non-residents: a. Local currency (Barbadian Dollar-BBD): prohibited. b. Foreign currencies: up to the amount imported and declared.

Local currency (Belarus Ruble - BYR)(Belarus Ruble - BYN) and foreign currencies: no restrictions. Amounts over USD 10,000.- or equivalent must be declared. Effective up to and including 31 December 2016 the old and new Belarus Ruble will be in circulation.

Foreign currencies: up to the amount imported and declared. Foreign banknotes and coins must be exported within 2 months after import.

Local (Euro - EUR) and foreign currencies: 1. No restrictions if arriving from or traveling to another EU Member State . 2. If arriving from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Local currency (Belize Dollar-BZD) BZD and foreign currencies: up to BZD 10,000.- or equivalent. Higher amounts must be declared on arrival.

Local currency (Belize Dollar-BZD) and foreign currencies: up to BZD 10,000.- or equivalent. In case of higher amounts: up to the amount imported and declared.

Benin (Republic)

Local currency (Bermudian Dollar-BMD) and foreign currencies: up to BMD 10,000.- or equivalent. Higher amounts must be declared on arrival.

Local currency (Bermudian Dollar-BMD) and foreign currencies: up to BMD 10,000.- or equivalent. In case of higher amounts: up to the amount imported and declared.

Local currency is Bhutan Ngultrum - BTN. However, Indian Rupee (INR) is also in use. Foreign currency: up to a max. of USD 10,000.- (or equivalent). Foreign hard currency like USD, JPY, GBP, EUR, CHF, AUD, HKD, SGD will be acceptable at the Bank of Bhutan.

Local currency (Bolivian Boliviano-BOB) and foreign currencies: no restrictions.

Local currency (Bolivian Boliviano-BOB) and foreign currencies: up to the amounts imported and declared.

Bonaire, St. Eustatius and Saba

Local currency: (US dollar-USD) and foreign currencies: amounts exceeding USD 10,000.- or its equivalent must be declared.

Bosnia and Herzegovina

Local currency (Convertible Mark - BAM) up to BAM 200,000.-. Foreign currencies: no restrictions.

Local currency (Botswana Pula-BWP) and foreign currencies: no restrictions, if declared.

Local currency (Botswana Pula-BWP): up to BWP 50.-. Foreign currencies: up to the amounts imported and declared.

Local currency (Brazilian Real-BRL) and foreign currency: no restrictions up to BRL 10,000. - or equivalent. Amounts higher than BRL 10,000. - or equivalent: must be declared.

Brunei Darussalam

Local currency (Brunei Dollar-BND): no restrictions. Foreign currencies: 1. Banknotes of Singapore: up to the equivalent of BND 1,000.- no restrictions between Brunei Darussalam/Singapore on direct import/export of currency. 2. Banknotes of India: Prohibited; 3. Other foreign currencies: no restrictions.

1. Residents: a. Local currency (Brunei Dollar-BND) and Singapore currency banknotes: up to BND 1,000.- or equivalent. (no restrictions on direct import/export of Brunei Darussalam and Singapore currency notes from/to Singapore). b. Foreign currencies: -. Sterling notes up to GBP 15.-. -. Other currencies to a maximum of BND 350.-. Higher amounts in traveler's cheques or letters of credit. 2. Non residents: a. Local currency and Singapore currency banknotes: up to BND 1,000.- or equivalent (no restrictions on direct import/export of Brunei Darussalam and Singapore currency notes from/to Singapore); b. Other foreign currencies: up to the amount imported and declared.

Local currency (Bulgarian new Leva - BGN) and foreign currencies: 1. No restrictions if arriving from or traveling to another EU Member State . 2. If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Burkina Faso

Local currency (CFA Franc-XOF) and foreign currencies: no restrictions if declared on arrival.

Residents: Local currency (CFA Franc-XOF) and foreign currencies: 1. Up to XOF 400,000.- or equivalent for commercial travel. 2. Up to XOF 175,000.- or equivalent for other purposes. Non-Residents: Local currency and foreign currencies: up to the amount imported and declared.

Local currency (Burundese Franc-BIF): up to BIF 2000.-. Foreign currencies: no restrictions.

Up to a max. of USD 10,000.- or equivalent is allowed. Exceeding amounts must be declared on arrival.

1. Residents: a. Local currency (CFA Franc-XAF) if arriving from: - The French monetary area there are no restrictions. - Outside the French monetary area: up to XAF 20,000.-. b. Foreign currencies: no restrictions. 2. Non-Residents: a. Local currency: up to XAF 20,000.-. b. Foreign currencies: no restrictions.

Local currency (CFA Franc-XAF). If coming for: 1. Touristic purposes: up to XAF 20,000.- per journey. 2. Business purposes: up to XAF 450,000.- per journey. Foreign currencies: no restrictions.

Local currency (Canadian Dollar-CAD) and foreign currencies: no restrictions up to CAD 10,000.-. Amounts equal to or greater than CAD 10,000.- must be declared.

Cape Verde Islands

Local currency (Cape Verde Escudo - CVE): prohibited. Foreign currencies: no restrictions, if the amounts imported are declared on arrival.

Local currency (Cape Verde Escudo - CVE): prohibited. Foreign currencies are allowed up to the equivalent of CVE 20,000.- unless a higher amount has been declared on arrival.

Cayman Islands

Local currency (Cayman Isl. Dollar-KYD): no restrictions. Foreign currencies: Jamaican currency: up to JAD 20. - per person. Other foreign currencies: no restrictions.

Local currency (Cayman Isl. Dollar-KYD) and foreign currencies: no restrictions.

Central African Republic

1. Local currency (CFA Franc-XAF): a. From Benin, Burkina Faso, Cote d'Ivoire, Mauritania, Niger, Senegal or Togo: no restrictions. b. From other countries: up to an amount of XAF 75,000.- (if re-imported: unlimited). 2. Foreign currencies: no restrictions, if declared on arrival.

1. Residents: a. Local currency (CFA Franc-XAF): - To countries of the French monetary area: unlimited. - To other countries: up to an amount of XAF 75,000.-. b. Foreign currencies: - To countries of the French monetary area: apply to the "Office des Changes". - To other countries: up to an amount of XAF 150,000.- per year. 2. Non-Residents: a. Local currency: - To Benin, Burkina Faso, Cote d'Ivoire, Mauritania, Niger, Senegal and Togo: no restrictions. - To other countries of the French monetary area: up to an amount of XAF 75,000.-. b. Foreign currencies: up to the amounts imported and declared.

1. Residents: a. Local currency (CFA Franc-XAF) and foreign currencies: -If coming from a country in the French monetary area: no restrictions, -If coming from other countries: up to the amounts exported. 2. Non-Residents: a. Local currency: no restrictions. b. Foreign currencies: no restrictions, if declared on arrival.

1. Residents: a. Local currency (CFA Franc-XAF): - If traveling to a country in the French monetary area: no restrictions. - If traveling to other countries: up to XAF 10,000.-. b. Foreign currencies: up to the equivalent of XAF 100,000.- a year. 2. Non-Residents: a. Local currency: up to XAF 10,000.-. b. Foreign currencies: up to the amounts imported and declared.

Local currency (Chilean Peso-CLP) and foreign currencies: no restrictions. Amounts exceeding USD 10,000.- must be declared.

Local currency (Chinese Ren Min Bi-CNY): max. CNY 20,000.- in cash. Foreign currencies: Amounts exceeding USD 5,000.- in cash must be declared.

Local currency (Colombian Peso-COP) and foreign currencies: up to USD 10,000.- or equivalent. Amounts exceeding USD 10,000.- must be declared on arrival.

RESIDENTS: 1. if under 15 years of age: local currency (Colombian Peso-COP): up to COP 5,642.- per day of stay abroad (max. COP 169,260.- per year) or foreign currencies: up to USD 35.- or equivalent per day of stay abroad (max. USD 1050.- or equivalent per year); 2. if 15 years of age or over: local currency: up to COP 11,284.- per day of stay abroad (max. 338,520.- per year) or foreign currencies: up to USD 70.- or equivalent per day of stay abroad (max. USD 2,100.- or equivalent per year). NON-RESIDENTS: Local currency and foreign currencies: up to USD 10,000.- or equivalent. Amounts exceeding USD 10,000.- must be declared on arrival.

Comores Islands

Local currency (CFA Franc-KMF) and foreign currencies: no restrictions.

Congo (Dem. Rep.)

Local currency (Franc Congolais - CDF): amounts up to USD 10,000.-, or equivalent in CDF are allowed.

Local currency (Franc Congolais - CDF): prohibited. Foreign currency: no restrictions.

Cook Islands

Local currency (New Zealand Dollar-NZD) and foreign currencies: no restrictions. However, amounts exceeding NZD 10,000.-, or equivalent (incl. Bearer Negotiable Instruments - (BNI)) must be declared.

Local currency (New Zealand Dollar-NZD) and foreign currencies: no restrictions. However, amounts exceeding NZD 10,000.-, or equivalent (incl. Bearer Negotiable Instruments (BNI)) must be declared.

Local currency (Costa Rican Colón-CRC): no restrictions. Foreign currencies: no restrictions, but only US Dollars are accepted for exchange.

Local currency (Costa Rican Colón-CRC) and foreign currencies: no restrictions.

Cote d'Ivoire

RESIDENTS: Local currency (CFA Franc-XOF): unlimited. Foreign currencies: Euro - EUR: unlimited; other currencies: declaration required (currencies declared to be exchanged into XOF within 8 days). NON-RESIDENTS: Local currency: unlimited. Foreign currencies: Euro - EUR: unlimited; other currencies: unlimited, but declaration of amount that will be exported when leaving.

RESIDENTS: if traveling to countries within the French Monetary Area: local currency (CFA Franc-XOF): unlimited; if traveling to countries outside the French Monetary Area: up to XOF 150,000.- or equivalent in foreign currencies, plus XOF 10,000 or equivalent in EUR per year. NON-RESIDENTS: Local currency: XOF 10,000.- or equivalent in EUR. Foreign currencies: the equivalent of XOF 25,000.- (currency in excess of limit may be exported, if declaration at time of entry has been made); Traveler's cheques, letters of credit unlimited, if issued abroad in traveler's name.

Same regulations as for Export apply.

Local currency (Croatian Kuna - HRK) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

RESIDENTS: Local currency (Cuban Peso-CUP) up to CUP 2,000.- in cash. Foreign currencies: unlimited; amounts exceeding USD 5,000.- must be declared. Traveler's cheques in freely convertible currencies are accepted, except those issued by American Express.

RESIDENTS: Local currency (Cuban Peso-CUP): Up to CUP 2,000.- in cash. Foreign currencies: up to USD 5,000.-. Amounts exceeding USD 5,000.- must be declared and accompanied by a permit granting the legal export of the referred amount. Cuban Convertible Peso (CUC): prohibited Local currency (Cuban Peso-CUP): Non-commercial sendings: prohibited.

Local currency: (Antillian Guilder-ANG) and foreign currencies: amounts exceeding USD 10,000.- or its equivalent must be declared.

Czech Republic

Local currency (CZECH CROWN-CZK) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Local currency (Danish Krone-DDK) and foreign currencies: same regulations as for Export apply.

Local currency (Danish Krone -DKK) and foreign currencies: amounts exceeding EUR 10,000.- or the equivalent in other currencies (incl. banker's draft and cheques of any kind) must be declared.

Local currency (Djibouti Franc-DJF) and foreign currencies: no restrictions. The country does not belong to the French Monetary Area. French banknotes and all foreign currencies may be negotiated.

Local currency (Eastern Caribbean Dollar-XCD) and foreign currencies: unlimited.

RESIDENTS: when traveling for touristic or social purposes: up to XCD 3,000.- per person. Max. 2x per year; if traveling for business purposes: up to XCD 1,000.- per person per day of stay, to a max. of XCD 30,000.- per year. NON-RESIDENTS: local and foreign currencies: up to the amount imported. If holding credit card: up to XCD 2,500.-. Currency in excess of limit requires proof of conversion. Or equivalent in other freely convertible currency.

Dominican Republic

Local currency (Dominican Peso-DOP): prohibited. Foreign currencies: provided declared on arrival, traveler's cheques: unlimited. At departure 30% of the originally exchanged foreign currencies can be reconverted, only if showing original receipt.

Local currency (Dominican Peso-DOP): prohibited. Foreign currencies: up to the amounts imported and declared, traveler's cheques unlimited.

Local currency (United States Dollar - USD/Ecuadorian Sucre-ECS) and foreign currencies: no restrictions.

Local currency (Egyptian Pound-EGP): up to EGP 5,000.-; foreign currencies: up to USD 10,000.- or its equivalent in freely convertible currency. EGP obtained via postal (giro) cheques is permitted to be used for payment of hotel bills and tickets for air travel. Exchange of foreign currency is through official banks or money exchange offices.

El Salvador

Import of local currency (United States Dollar - USD) and foreign currencies allowed without restrictions. Large amounts of foreign currencies imported should be declared upon arrival.

Export of local currency (United States Dollar - USD) and foreign currencies allowed without restrictions. Large amounts of foreign currencies to be exported could require proof of ownership.

Equatorial Guinea

Residents: local currency (CFA Franc-XAF) and other currencies of the French Monetary Area: unlimited; foreign currencies other than those above: unlimited, provided: - declared on arrival and - amounts exceeding the equivalent of XAF 50,000.- are exchanged into local currency. Non-residents: local and foreign currencies: no restrictions provided amounts are declared on arrival.

Residents: local currency (CFA Franc-XAF) and other currencies of African countries of the French Monetary Area: - XAF 20,000.- in banknotes per journey ; foreign currencies: a yearly max. allowance of: - XAF 200,000.- or equivalent for touristic journeys; - XAF 15,000.- or equivalent per day up to XAF 450,000 for business journeys. Non-residents: -local currency and currencies of other countries of the French Monetary Area: max. XAF 50,000.- in banknotes. -foreign currencies other than the above: up to the amounts imported and declared on arrival. For children up to 10 years: half the amount.

Local currency (Eritrean Nafka - ERN): No restrictions for residents or non-residents.

Local currency ((Euro EUR) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Local currency (Euro EUR) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Local currency (Ethiopian Birr-ETB): up to ETB 200.- per person. Foreign currencies: for nationals of Ethiopia: not allowed. For other nationals: up to a max. of USD 3,000.- or equivalent, without bank permit.

Local currency (Ethiopian Birr-ETB), provided passenger holds a re-entry permit: ETB 200.- per person. Foreign currencies : up to the amounts imported and declared, if exceeded USD 3,000.- or equivalent.

Residents and Non-residents: Local currency and foreign currencies: up to EUR 10,000.- or equivalent. Amounts exceeding EUR 10,000.- must be declared on arrival.

Residents: Local currency and foreign currencies: up to EUR 2,000.- or equivalent. Amounts between EUR 2,000.- and EUR 10,000.- must be declared on departure. Passengers must hold receipt from a bank or exchange office proving withdrawal from personal foreign currency account, issued not more than 90 days prior to departure date. Export of amounts exceeding EUR 10,000.- or equivalent is prohibited. Non-Residents: Same regulations as for import apply, but the amount exported cannot exceed the amount declared to customs on arrival.

Falkland Isl. (Malvinas)

No restrictions on local currency (Falkland Islands Pounds-FKP), Great Britain Pounds (Pound Sterling-GBP) and foreign currencies. Exchange facilities are available for Australian Dollars, Canadian Dollars, New Zealand Dollars, United States Dollars and Euro's.

No restrictions on local currency (Falkland Islands Pounds-FKP), Great Britain Pounds (Pound Sterling-GBP) and foreign currencies.

Local currency (Fiji Dollar-FJD) and foreign currencies: no restrictions, provided amounts over FJD 10,000.- in cash or Bearer Negotiable Instruments (BNI) are declared.

Total amount of currency up to an max. of FJD 5,000.- (or equivalent), of which local currency (Fiji Dollar-FJD) up to a max. of FJD 500.-. Amounts above FJD 10,000.- (or equivalent in foreign currency) in cash or Bearer Negotiable Instruments (BNI) must be declared.

French Guiana

Local currency (Euro-EUR) and foreign currencies: same regulations as France.

French Polynesia

Local currency (Pacific Franc-XPF) and foreign currencies: same regulations as France.

French West Indies

Local currency (CFA Franc-XAF) and foreign currencies: no restrictions provided declared on arrival.

Residents: - Tourist trips: local currency (CFA Franc-XAF) and foreign currencies: up to XAF 200,000.- or equivalent. - Business trips: local currency or foreign currencies: XAF 25,000.- per day with a maximum of XAF 500,000.-, or equivalent. Non-residents: - Local currency and foreign currencies: up to XAF 200,000.- or equivalent, or up to the amounts imported and declared.

Local currency (Gambia Dalasi-GMD): no restrictions; foreign currencies: no restrictions, but the currency from: Algeria, Ghana, Guinea, Morocco, Nigeria, Sierra Leone and Tunisia will not be accepted and cannot be exchanged.

Local currency (Gambia Dalasi-GMD) and foreign currencies: up to the amounts imported. Maximum currency (cash): GMD 75.- or equivalent in GBP plus the equivalent of GMD 250.- in other currency.

Local currency (GEL-Georgian Lari) and foreign currencies: no restrictions.

Local currency (GEL-Georgian Lari) no restrictions. Foreign currencies: up to USD 500.-.

Local currency (Euro-EUR) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Local (Ghanaian Cedi-GHS) and foreign currencies: Residents and non-residents, up to USD 10,000.- or its equivalent, in traveler's cheques or any other monetary instrument. Passengers are required to declare the amounts to Customs and fill the BOG Foreign Exchange Declaration Form (FXDF) at the port of entry (or departure). Amounts exceeding USD 10,000.- will be seized.

Same regulations as for Import apply.

Local currency: Gibraltar Pound-GIP. Foreign currencies: no restrictions.

Nationals of Greece can carry a maximum amount of EUR 2,000 in cash. For other nationals: Local currency (Euro-EUR) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Local currency (East Caribbean Dollar-XCD) and foreign currencies: no restrictions.

Local currency (United States Dollar-USD) and foreign currencies: see USA.

Foreign currencies: no restrictions. Prohibited: local currency (Guatemala Quetzal-GTQ).

Nationals of Guatemala and residents: foreign currencies: up to the equivalent of GTQ 2500.-. Prohibited: local currency (Guatemala Quetzal-GTQ) . Other passengers: foreign currencies: no restrictions. Prohibited: local currency (Guatemala Quetzal-GTQ) . Re-exchange of GTQ into foreign currency allowed up to the equivalent of USD 100.-.

Residents: Local currency (Guinea Franc-GNF): up to GNF 100,000.- provided passenger is in possession of an export declaration for the amount. Foreign currencies: unlimited provided declared and to be changed with the State Bank. Non-residents: Local currency (Guinea Franc-GNF): up to GNF 100,000.- provided passenger is in possession of an export declaration for the amount. Foreign currencies: unlimited provided declared on arrival. A certain minimum amount per person has to be exchanged into local currency, depending on stay duration and purpose.

Local currency (Guinea Franc-GNF): up to GNF 100,000.-; foreign currencies: up to USD 5,000.- (or EUR 5,000.-). The balance of local currency acquired by exchanging imported foreign currency can be re-exchanged in money originally imported, at the discretion of the Immigration authorities.

Guinea-Bissau

Local currency (CFA Franc-XOF) and foreign currencies: up to XOF 2,000,000.- or equivalent in cash provided declared and proving its source on arrival.

Local currency (CFA Franc-XOF) and foreign currencies: up to XOF 2,000,000.- or equivalent allowed in cash. Higher amounts allowed by bank transfer only.

Local currency (Guyana Dollar-GYD) and foreign currencies: no restrictions. However, amounts over USD 10,000.- (or equivalent) must be declared.

Local currency (Haitian Gourde-HTG) and foreign currencies: amounts over HTG 400,000.- or equivalent must be declared to the customs authorities.

Local currency (Honduras Lempira-HNL) and foreign currencies: no restrictions.

Local currency (Honduras Lempira-HNL): no restrictions. Foreign currencies: no restrictions, except US Dollars to the amount declared at customs on arrival.

Hong Kong (SAR China)

No restrictions on local currency (Hong Kong Dollar-HKD) or foreign currencies.

Same regulations as for the export apply.

Local currency (Hungarian Forint-HUF) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Local currency (Icelandic Krona-ISK): up to ISK 8,000.-; foreign currencies: unlimited.

Residents: local currency (Icelandic Krona-ISK): up to ISK 8,000.-; foreign currencies: unlimited. Non-residents: local currency: up to ISK 8,000.-; foreign currencies: up to the amount imported.

Foreign currencies : unlimited. However, amounts exceeding USD 5,000.- (or equivalent) in cash, or USD 10,000.- (or equivalent) in traveler's cheques must be declared; Local currency (Indian Rupee-INR): Import of INR is prohibited, except for residents of India importing up to INR 7,500.-. Foreign currencies include currency notes, traveler's cheques, cheques, drafts etc. (Re)exchange only through banks and authorized money exchange points.

Foreign currencies : up to the amount imported and declared. Local currency (Indian Rupee-INR): INR 7,500.- for residents of India, except when departing to Bhutan and Nepal. For residents departing to Bhutan and Nepal: no limit in amount of INR but notes no bigger than INR 100.- may be carried. Foreign currencies include currency notes, traveler's cheques, cheques, drafts etc. (Re)exchange only through banks and authorized money exchange points.

Local currency (Indonesian Rupiah-IDR): Amounts exceeding IDR 100,000,000.- require an approval from the Central Bank or External Affairs. Foreign currencies: amounts exceeding IDR 100,000,000.- or equivalent must be declared.

Import of local currency (Iran Rial-IRR) up to IRR 500,000.- allowed. Amounts exceeding IRR 500,000.- must be deposited at Bank Melli or Bank Sepah at the airport. No restriction applies to the import of foreign currencies, which must be declared upon arrival on a special form. Also in case of sale or transfer to other passengers (provided holding a passport).

Export of local currency (Iran Rial-IRR) up to IRR 500,000.- is allowed for residents. Larger amounts only after authorization from the Central Bank. Foreign currencies is allowed up to EUR/USD 5,000.- for residents. Export of local currency up to IRR 500,000.- is allowed for non-residents. Larger amounts up to the amount shown on and after presentation of the deposit receipt obtained on arrival. Foreign currencies may be exported by non-residents up to the amount declared on arrival or obtained via Bank Melli. Bank receipt and Bank stamp in passport must be shown on departure to prove the balance of the amount declared on arrival.

Ireland (Rep.)

Residents (including persons holding a "Work Permit" and living on the Island) are allowed to import local currency (Jamaican Dollar-JMD) without restriction. Foreign currencies may be imported up to the equivalent of the amount declared when departing. Non-residents may import foreign currencies without restrictions, provided amount is declared; import of local currency is prohibited.

Residents (including persons holding a "Work Permit" and living on the Island) are allowed to export local currency (Jamaican Dollar-JMD) without restrictions. The export of foreign currencies is allowed up to the equivalent of JMD 100.-; traveler's cheques; drafts up to the amount declared. Up to JMD 500.- may be exported per year, provided declared. Non-residents may export foreign currencies up to the amounts imported and declared; the export of local currency is prohibited.

Local currency (Japanese Yen - JPY) and foreign currencies: unlimited.

Local currency (Japanese Yen - JPY) and foreign currencies: unlimited. Money exchange must be made at an authorized bank or money exchanger. Additional information: Passenger must submit notice to customs authorities if importing or exporting cash/cheques/securities equivalent to JPY 1 million or more; Currency exchange rate is followed by what Japanese customs publish in custom area; Declaration forms are provided at custom area; Gold with more than 90 percent in purity should be reported to the authorities if importing or exporting over 1 kilogram.

Local currency (Jordan Dinar-JOD): up to JOD 15,000.-. foreign currencies: unlimited (this includes letters of credit whether issued in JOD or in foreign currency, drawn on account of a non-resident) provided declared on arrival. Prohibited: Israeli Sheqel.

- Local currency: (Jordan Dinar-JOD): unlimited; - Foreign currencies: up to the amount imported and declared.

Local currency (Kazakh Tenge-KZT) and foreign currencies: no restrictions. Amounts exceeding USD 10,000.- or equivalent must be declared.

Local currency (Kazakh Tenge-KZT) and foreign currencies: no restrictions. Amounts exceeding USD 10,000.- must be declared.

Residents may import up to KES 500,000.- (Kenya Shilling-KES) to cover expenses upon re-entry into Kenya. No restrictions apply to foreign currencies. Non-residents may import local and foreign currency without restrictions. However, for amounts equivalent to USD 5,000.- and more residents and non-residents need to hold documents indicating the source and the purpose of this amount.

Residents may export up to KES 500,000.- (Kenya Shilling-KES) to cover expenses upon re-entry into Kenya. No restrictions apply to foreign currencies. Non-residents may export local and foreign currency without restrictions. However, for amounts equivalent to USD 5,000.- and more residents and non-residents need to hold documents indicating the source and the purpose of this amount.

Local currency (Australian Dollar-AUD) and foreign currencies: no restrictions.

Kosovo (Rep.)

Local currency (Euro - EUR) above EUR 10,000.- (including cheques of any kind) must be accompanied by a bank certificate

Local currency (Euro - EUR) above EUR 10,000.- (including cheques of any kind) must be declared.

Import of local currency (Kuwait Dinar-KWD) and foreign currencies up to a maximum of KWD 3000.- or equivalent, in currencies or gold bullion.

Export of local currency (Kuwait Dinar-KWD) and foreign currencies without restrictions. Customs Authorities must be informed about export of gold bullion.

Allowed. Foreign currencies: unlimited, provided a declaration is made for amounts exceeding USD 3000.- or equivalent. Local currency (Kyrgyz Som - KGS): allowed for residents of Kyrgyzstan, provided the amount has been declared on the customs declaration when leaving the country.

Allowed. Foreign currencies: up to the amount imported and declared. Amounts exceeding USD 3000.- or equivalent must be declared. Local currency: unlimited for residents, provided declaration is made.

Lao People's Dem. Rep.

Foreign currency in amounts exceeding USD 2,000.- (in cash or checks) must be declared on arrival. Prohibited: local currency (Laotian Kip - LAK).

Foreign currency in amounts exceeding USD 2,000.- (in cash or checks) must be declared upon departure. Prohibited: local currency (Laotian Kip - LAK).

Local currency (Lebanese Pound-LBP) and foreign currencies in any form without restrictions. Gold coins must be declared.

Local currency (Lebanese Pound-LBP) and foreign currencies in any form without restrictions, with the exception of gold coins. However, if a quantity of gold (coins) is declared on arrival, the same quantity may be exported.

Local currency (Lesotho Loti-LSL) and foreign currencies: no restrictions.

Local currency (Liberian Dollar-LRD). Amounts exceeding USD 10,000.- or its equivalent in other currencies must be declared (warning: penalty for non-compliance: 25% of the undeclared or under-declared amount.).

Local currency (Liberian Dollar-LRD) and foreign currencies: up to USD 7,500.- or its equivalent. Amount exceeding USD 7,500.- or its equivalent (may only be exported in the form of bank drafts, traveler's cheques, money orders etc.) must be declared (warning: penalty for non-compliance: 25% of the undeclared or under-declared amount.).

Allowed. Non-Residents: provided declared on arrival on the official form for recording exchanged foreign currencies during stay in Libya, unlimited import of foreign currencies, traveler's cheques and BCD letters of credit. Prohibited: Import of local currency (Libyan Dinar-LYD), for both residents and non-residents.

Allowed. Non-Residents: export of foreign currencies up to the amount stated as the balance on the official form for recording exchanged foreign currencies declared on arrival. Prohibited: export of local currency (Libyan Dinar-LYD), for both residents and non-residents.

Liechtenstein

Import of local currency (Swiss Franc-CHF) and foreign currencies without restrictions.

Export of local currency (Swiss Franc-CHF) and foreign currencies without restrictions.

Macao (SAR China)

Local currency (Macao Pataca-MOP) and foreign currencies: no restrictions.

Residents and non-residents: local currency (Madagascar Ariary-MGA): up to MGA 400,000.-; foreign currencies: unlimited. Amounts exceeding the equivalent of EUR 7,500.- must be declared.

Residents and non-residents: local currency (Madagascar Ariary-MGA): up to MGA 400,000.-; foreign currencies: unlimited if declared.

Local currency (Malawi Kwacha-MWK): unlimited; foreign currencies: no restrictions, provided declared on arrival.

Residents: - local currency (Malawi Kwacha-MWK): MWK 200.- or - foreign currencies: the equivalent of MWK 200.-. Non-residents: - local currency (Malawi Kwacha-MWK): MWK 200.-; - foreign currencies: up to the amount imported and declared.

Local currency (Malaysian Ringgit-MYR) and foreign currencies: No restrictions. Amounts exceeding MYR 30,000.- and USD 10,000.- or equivalent must be declared for re-export.

Allowed: local currency (Malaysian Ringgit-MYR): up to MYR 30,000.- and foreign currencies: up to USD 10,000.- or equivalent. Higher amounts may be exported provided import has been declared upon arrival.

Local currency (Maldivian Rufiyaa-MVR) and foreign currencies: no restrictions.

RESIDENTS: local currency (CFA Franc-XOF) and foreign currencies: no restrictions. NON-RESIDENTS: local currency and foreign currencies: no restrictions, provided declared when the amount exceeds XOF 25,000.- in order to facilitate re-exportation.

Local currency (CFA Franc-XOF): unlimited; foreign currencies: equivalent of XOF 25,000.- in banknotes. NON-RESIDENTS who made a declaration on entry may re-export all their currencies less a reasonable amount equivalent to their expenses in Mali. No restrictions on foreign currencies in the form of cheques or letters of credit.

Local currency Euro-EUR and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Marshall Islands

Local currency (USD) and foreign currencies: no restrictions. Amounts over USD 5,000.- must be declared.

Foreign currencies: unlimited provided declared on arrival. Prohibited: local currency (Mauritanian Ouguiya-MRO).

Residents: foreign currencies: equivalent of MRO 10,000.- per year (children under 10 years: MRO 5,000.-). Prohibited: local currency (Mauritanian Ouguiya-MRO). Non-residents: foreign currencies: amount imported and declared, less the amounts exchanged to accredited intermediaries. Import declaration must be produced. Prohibited: local currency (Mauritanian Ouguiya-MRO).

Local currency (Mauritian Rupee - MUR) in amounts exceeding MUR 500,000.- or equivalent in foreign currencies must be declared.

Currency regulations are the same as for France.

Local currency (Nuevo Peso-MXN): up to an equivalent of USD 10,000.-. Higher amounts must be declared; foreign currencies: any amount must be declared on arrival. Exchange into local currency is only allowed at authorized banks. Non-residents can exchange amounts as necessary for their own expenses. Only freely convertible currencies will be accepted by the banks.

RESIDENTS and Mexican nationals: local currency (Nuevo Peso-MXN): up to an equivalent of USD 10,000.-; foreign currencies: unlimited. Airport exchange offices will sell a minimum of USD 1,000.- and up to USD 3,000.- per trip abroad. Additional amounts for business trips, medical purposes etc. must be obtained from the Banco de Mexico. NON-RESIDENTS other than Mexican nationals: local currency: up to an equivalent of USD 10,000.-; foreign currencies: unused amounts previously declared upon arrival.

Micronesia (Federated States)

No information available yet.

Moldova (Rep.)

Residents and non-residents: local currency (Moldova Leu-MDL) up to MLD 2,500.- without declaration. Foreign currencies: no limit. Non-residents must declare amount imported upon entry.

Residents and non-residents: local currency (Moldova Leu-MDL) up to MLD 2,500.- without declaration. Foreign currencies: up to USD 5,000.- or equivalent for residents and up to the amount declared on arrival for non-residents. For sums up to USD 50,000 or equivalent, written permission from the National Bank of Moldova or other authorized bank is required.

Local currency (Mongolian Tugrik-MNT) and foreign currencies: no restrictions provided declared on arrival.

Local currency and foreign currencies: up to the amount imported and declared.

No reliable information can yet be obtained on restrictions for local currency (EUR) or foreign currency.

Local currency (East Caribbean Dollar-XCD) and foreign currencies: no restriction, provided declared on arrival.

Local currency (East Caribbean Dollar-XCD) and foreign currencies: up to the amounts imported and declared.

Local currency (Moroccan Dirham - MAD): amounts up to MAD 2,000.- tolerated: Foreign currencies: no limit. Amounts exceeding the equivalent of MAD 100,000.- must be declared on arrival.

Local currency (Moroccan Dirham - MAD): amounts up to MAD 2,000.- tolerated. Unused MAD may be re-exchanged into foreign currency up to a maximum of: - 50% of total amount exchanged on arrival if stay in Morocco has been longer than 48 hours; - 100% of total amount exchanged on arrival if stay in Morocco has been less than 48 hours. Foreign currencies: amounts exceeding the equivalent of MAD 100,000.- up to the amount declared on arrival.

Foreign currencies (incl. cheques and traveler's cheques): no restrictions, provided declared on arrival. Prohibited: local currency (Mozambique Metical-MZN).

Foreign currencies: up to the amounts imported and declared on arrival. Prohibited: local currency (Mozambique Metical-MZN).

Local currency (Myanmar Kyat-MMK): prohibited. Foreign currencies: unlimited. Nationals of Myanmar must declare all foreign currency upon arrival. Foreigners must declare amounts exceeding USD 10,000.- or equivalent.

Local currency (Myanmar Kyat-MMK): prohibited. Foreign currencies: - nationals of Myanmar: export permit required; - foreign nationals: unlimited, provided holding proof of ownership.

Residents and non-residents: local currency (Namibian Dollar - NAD): NAD 50,000.- in Namibia Reserve Banknotes. Foreign currencies and traveler's cheques: unlimited, provided declared on arrival. No limit for travel between Botswana, Lesotho, Namibia, South Africa and Swaziland.

Residents: local currency: NAD 50,000.- in Namibia Reserve Banknotes. Foreign currencies, traveler's cheques, bank drafts etc.: Limits per calendar year per person (12 years of age and over), for travel to: - Angola, Congo (Dem. Rep.), Malawi, Mozambique, Zambia and Zimbabwe: NAD 20,000.-; per child under 12 years: NAD 5,000.-. Max. NAD 1,000.- per day spent abroad. - all other countries: NAD 60,000.-; per child under 12 years: NAD 20,000.-. Max. NAD 2,000.- per day spent abroad. Non-residents: local currency: NAD 50,000.-. Foreign currencies and traveler's cheques: up to the amounts imported and declared if departure is within 12 months of entry. No limit for travel between Botswana, Lesotho, Namibia, South Africa and Swaziland.

Allowed. Local currency (Australian Dollar-AUD) and traveler's cheques: unlimited, provided declared on arrival; foreign currencies and traveler's cheques: unlimited, provided declared on arrival.

Local currency (Australian Dollar-AUD): free export up to AUD 2,500.-; permit required for amounts exceeding AUD 2,500.-. Foreign currencies and traveler's cheques: unlimited.

Local currency (Nepalese Rupee-NPR) and Indian currency: nationals of Nepal and India: unlimited and in small denominations. Other nationalities: foreign currencies exceeding USD 2000.- must be declared.

Local currency (Nepalese Rupee-NPR) and foreign currencies: up to the amounts imported and declared. Only ten per cent of the amount exchanged into local currency will be re-exchanged into foreign currency at the airport upon departure.

Netherlands

New caledonia, new zealand.

Local currency (New Zealand Dollar-NZD) and foreign currencies in amounts exceeding NZD 10,000 must be declared.

Local currency (Nicaraguan Córdoba-NIO) and foreign currencies: no restrictions.

Local currency (CFA Franc-XOF) and foreign currencies: no restrictions.

Local currency (CFA Franc-XOF): up to XOF 25,000.- Foreign currencies: no restrictions, on agreement of the Exchange Office.

Local currency (Nigerian Naira-NGN) up to NGN 5,000.- in banknotes and provided declared upon arrival, foreign currencies for an unlimited amount, provided declared upon arrival.

For all residents: local currency (Nigerian Naira-NGN): up to NGN 5,000.- in banknotes. Foreign currencies: up to USD 5,000.-. Exceeding amounts must be declared upon departure. Non-residents: local currency: up to NGN 5,000.- in banknotes, provided declared upon departure. foreign currencies: up to the amounts imported and declared on arrival.

Local currency (New Zealand Dollar-NZD): unlimited. The importation of other New Zealand money (including postal notes, money orders, cheques and promissory notes, but excluding traveler's cheques) requires the consent of the Reserve Bank. Foreign currencies: unlimited but any amounts should be renegotiated through banking channels for re-export purposes.

Local currency (New Zealand Dollar-NZD): up to NZD 100.-, foreign currencies: up to the amounts imported and declared. For export of foreign currencies an authorization from a bank is required. All exported currency should be declared upon departure.

Norfolk Island

North korea.

It is not allowed to import local currency (North Korean Won-KPW).

It is not allowed to export local currency (North Korean Won-KPW).

Northern Ireland

Local currency (Pound Sterling-GBP) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker’s draft and cheques of any kind) must be declared.

Northern Mariana Islands

Local currency (US Dollar-USD) and foreign currencies: if the amount exceeds USD 10,000.- it must be declared.

Allowed: Local currency (Norwegian Krone-NOK) and foreign currencies: up to NOK 25,000.- (or equivalent). Amounts more than this must be declared on a form available at Customs. There are no limits on traveler's cheques.

Local currency (Rial Omani-OMR), foreign currencies, precious metals/stones or Bearer Negotiable Instruments (BNI), no restrictions up to OMR 6,000.- (or equivalent). Goods must be declared when its value is is equivalent or higher to OMR 6,000.-. Prohibited: Israeli currency.

Local currency (Pakistan Rupee-PKR): PKR 100.- in denominations of 10 rupees or less, also in combinations of personal quota. Prohibited: banknotes in denominations of 50 and 100 rupees or more. Foreign currency: in banknotes and traveler's cheques: unlimited.

Local currency (Pakistan Rupee-PKR): up to PKR 100.-; the State Bank of Pakistan allows reconversion of max. PKR 500.- into foreign currency if holding receipt of exchange in Pakistan. Foreign currencies: in banknotes and traveler's cheques: unlimited without any restriction.

Palau Islands

Passengers must declare all currency notes exceeding USD 10,000.-, or equivalent, upon arrival.

Local currency (Panama Balboa -PAB: in coins only; US Dollar (USD) is the local currency in banknotes) and foreign currencies: no restrictions. USD 1.- equals PAB 1.-.

Papua New Guinea

Local currency (Papua New Guinean Kina-PGK) and foreign currencies: no restrictions. Import of traveler's cheques is allowed. Amounts exceeding PGK 20,000.- (or equivalent) must be declared.

Residents and non-residents: local currency (Papua New Guinean Kina-PGK) and foreign currency: up to amounts of PGK 20,000.- (or equivalent), subject to taxation clearance, if required. Amounts in excess of PGK 20,000.- (or equivalent) require Bank of Papua New Guinea approval. Non-residents: can additionally export any currency they imported, provided stay is less than 6 months. In both cases, amounts exceeding PGK 20,000.- (or equivalent) must be declared.

Local currency (Paraguayan Guarani-PYG) and foreign currencies: no restrictions.

Local currency (Peruvian Nuevo Sol-PEN), foreign currency or Bearer Negotiable Instruments (BNI), exceeding the equivalent of USD 10,000.- must be declared. PROHIBITED: to carry local currency, foreign currency or Bearer Negotiable Instruments (BNI) equivalent to USD 30,000.- or higher. Import of such amounts must be arranged via authorized organizations.

Local currency (Peruvian Nuevo Sol-PEN), foreign currency or Bearer Negotiable Instruments (BNI), exceeding the equivalent of USD 10,000.- must be declared. PROHIBITED: to carry local currency, foreign currency or Bearer Negotiable Instruments (BNI) equivalent to USD 30,000.- or higher. Export of such amounts must be arranged via authorized organizations.

Philippines

Residents and non-residents: local currency (Philippine Peso-PHP): up to PHP 10,000.-. Exceeding amounts require an authorization from the Central Bank of the Philippines. Foreign currencies : up to USD 10,000.-, or its equivalent. Amounts exceeding USD 10,000.-, or its equivalent must be declared. Source of the money and purpose of transport must be declared. Note: Only banknotes and coins, which are legal tender, must be declared (exempt: traveler's checks, credit cards etc.).

Residents and non-residents: local currency (Philippine Peso-PHP): up to PHP 10,000.-. Exceeding amounts require authorization from the Central Bank of the Philippines. Foreign currencies : up to USD 10,000.-, or its equivalent. Amounts exceeding USD 10,000.-, or its equivalent must be declared. Source of the money and purpose of transport must be declared. Note: Only banknotes and coins, which are legal tender, must be declared (exempt: traveler's checks, credit cards etc.).

Same regulations as for Export apply (see: Export).

Local currency (Polish Zloty-PLN) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Import of local currency (Euro-EUR) and foreign currencies without restrictions. However, amounts exceeding the equivalent of EUR 4,987.98 must be declared upon arrival in order to avoid possible difficulties when leaving Portugal.

Puerto Rico (U.S.A.)

Local currency (United States Dollar-USD) and foreign currencies: no restrictions, provided that arriving and departing passengers must report to US customs any money or other monetary instruments exceeding USD 10,000.-. Gold: Importation of gold coins or small, non-commercial quantities of gold must be declared upon arrival.

Local currency (Qatar Riyal-QAR) and foreign currencies (other than Israeli currency): no restrictions. Prohibited: Israeli currency.

Foreign currencies in banknotes, traveler's cheques or other means of payment: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or the equivalent in another currency must be declared . If departing to a non-EU Member State via an EU Member State the declaration must be made in the last EU Member State. Prohibited: local currency (New Romanian Leu-RON).

RESIDENTS and NON-RESIDENTS: same regulations as for import apply.

Russian Federation

Import allowed. Local currency: (Russian Rouble - RUB): and foreign currencies: no restrictions. Written import declaration may be needed on export.

Export allowed. Local currency (Russian Rouble - RUB) and foreign currencies: Written declaration required for amounts over 3,000.-. Import declaration / confirmation of import or transfer required for amounts over 10,000.-. Traveler's cheques are allowed up to amounts imported. Declaration required for traveler's cheques purchased in Russia.

Allowed. Local currency (Rwandan Franc-RWF): up to RWF 5,000.-; foreign currencies: unlimited, when declared.

Allowed. Local currency (Rwandan Franc-RWF): up to RWF 5,000.-; foreign currencies: up to the amounts imported and declared.

Local currency (Samoan Tala-WST) and foreign currencies: no restrictions.

Foreign currencies: up to the amounts imported and declared on arrival. Prohibited: local currency (Samoan Tala-WST).

Samoa (American)

Local currency (US Dollar-USD) and foreign currencies: no restrictions.

Sao Tome & Principe

Allowed local currency (São Tomé and Principe Dobra-STD) and foreign currencies: no restrictions, provided declared.

Allowed local currency (São Tomé and Principe Dobra-STD) and foreign currencies: up to the amount imported and declared on arrival.

Saudi Arabia

Local currency (Saudi Arabian Rial-SAR) and foreign currencies (other than Israeli Sheqel): amounts exceeding SAR 60,000.- (including valuable metals, jewelry or precious stones) must be declared. Prohibited: Israeli Sheqel.

Local currency (Saudi Arabian Rial-SAR) and foreign currencies: amounts exceeding SAR 60,000.- (including valuable metals, jewelry or precious stones) must be declared.

Residents: local currency (CFA Franc-XOF) and banknotes of countries of the French Monetary Area: unlimited; foreign currencies other than those above: unlimited, provided declared on arrival and exchanged within 8 days. Non-residents: local currency and currencies of the French Monetary Area within Europe or Africa: unlimited; foreign currencies other than those above: unlimited, provided declared on arrival.

Residents: for journeys to: a. Benin, Burkina Faso, Cote d'Ivoire, Niger and Togo: unlimited, without declaration; b. other countries using the CFA franc: declaration required for amounts exceeding XOF 200,000.-; c. countries outside the French Monetary Area: - max. XOF 20,000.- or equivalent in XAF, AND - foreign currencies (provided holding currency declaration and presentation of a bank attestation for foreign currencies): tourist journeys (yearly allowance) max. equivalent of XOF 200,000.-; XOF 100,000.- for children up to 10 years; business journeys max. equivalent of XOF 20,000.- per day (equivalent of max. XOF 300,000.- per journey). Non-residents: local currency (CFA Franc-XOF) and XAF: up to XOF 20,000.- or equivalent; foreign currencies other than the above: up to the equivalent of XOF 50,000.-. For any amount in excess, the declaration issued on arrival must be presented, with the annotation of all exchanges and re-exchange into foreign currencies.

Residents and non-residents: Local currency (Serbia Dinar-RSD) (incl. traveler's cheques and bank drafts): up to the equivalent in RSD of EUR 10,000.- . Exceeding amounts require a foreign bank's receipt of purchase. Foreign currencies: unlimited.

Residents and non-residents: Local currency (Serbia Dinar-RSD) and foreign currencies: up to EUR 10,000.- or the equivalent in RSD. If foreign currencies, Serbian Dinars and traveler's cheques are being exported at the same time, the total sum must not exceed EUR 10,000.-. Non-residents may, in addition to EUR 10,000.- export foreign currencies: - for which they have a certificate of import; - for which they have a certificate proving that such currencies are taken from foreign currency or saving accounts.

Local currency (Seychelles Rupee-SCR) and foreign currencies: no restrictions. However, amounts above USD 10,000.- (or equivalent) must be declared upon arrival.

Local currency (Seychelles Rupee-SCR) and foreign currencies: no restrictions. However, amounts above USD 10,000.- (or equivalent) must be declared upon departure.

Sierra Leone

Allowed. Local currency (Sierra Leone Leone-SLL): SLL 50,000.-; foreign currencies (incl. traveler's cheques, bank drafts etc.): unlimited.

Allowed. Residents: local currency (Sierra Leone Leone-SLL): SLL 50,000.-; foreign currencies: up to the value of USD 5,000.-. Exceeding amounts require authorization from the bank of Sierra Leone. Non-Residents: local currency (Sierra Leone Leone-SLL): up to SLL 50,000.-. foreign currencies: up to the amount imported.

Local currency (Singapore Dollar-SGD) and foreign currencies: no limit. However, amounts exceeding SGD 20,000.- (or equivalent)(incl. traveler cheque, bearer cheque, bill of exchange, promissory note) should be declared on arrival.

Local currency (Euro-EUR). Amounts higher than EUR 13,500.- must be declared to customs.

Solomon Islands

Local currency (Solomon Isl. Dollar-SBD): no restrictions; foreign currencies: no restrictions provided declared.

Residents: local currency (Solomon Isl. Dollar-SBD) not exceeding SBD 250.- (incl. AUD in notes and/or coins); foreign currencies: to the extent approved by the Solomon Isl. Monetary Authority. Non-residents: local currency: up to SBD 250.-; foreign currencies: up to the amounts imported and declared.

Local currency (Somali shilling-SOS): up to SOS 200.-; foreign currencies: Residents: are required to deposit foreign currency at the airport branch of the Central Bank on following terms: - for those holding a foreign bank account: currency will be transferred to that bank account; - for those not having a foreign bank account and holding the equivalent in freely convertible currency of USD 1,000.- or more, are allowed to open a foreign bank account and to transfer the money to that account; less than USD 1,000.-, are required to exchange it into local currency. Exempt are: - children under 18 years of age; - diplomats and members staff of international companies residing in Somalia. Non-Residents: unlimited provided declared on arrival and exchanged at the National Banks within 5 days after arrival

Local currency (Somali shilling-SOS): up to SOS 200.-; foreign currencies: up to the amount imported and declared.

South Africa

Allowed : Residents and non-residents: local currency (South African Rand-ZAR): ZAR 25,000.-; foreign currencies and traveler's cheques: unlimited, provided amounts over USD 10,000.- are declared upon arrival. Kruger coins will only be accepted with prior approval of the South African Reserve Bank. No limit for travel between South Africa and Lesotho, Namibia and Swaziland, as these countries belong to the same common monetary area.

Allowed : Residents: local currency (South African Rand-ZAR): ZAR 25,000.-. A single discretionary allowance of ZAR 1,000,000.- per calendar year for those aged 18 years (ZAR 200,000.- for those aged under 18) may be permitted when arranged through an authorized dealer; foreign currencies: up to the value of ZAR 160,000.- per adult and ZAR 50,000.- per child (aged under 12 years) per calendar year. Prior clearance from an authorized dealer is required. Amounts reduce to ZAR 25,000.- per person if prior clearance has not been obtained. Kruger coins will only be accepted with prior approval of the South African Reserve Bank. Non-residents: local currency: ZAR 25,000.-; foreign currencies and traveler's cheques: up to the amounts imported and declared. Up to 15 Kruger coins can be exported, provided the visitor can prove that they were acquired with imported foreign currency. No limit for travel between South Africa and Lesotho, Namibia and Swaziland, as these countries belong to the same common monetary area.

South Korea

Allowed. Resident: local currency (Korean Won-KRW) up to KRW 8,000,000; foreign currencies: as from 20 years of age: USD 10,000.-. Non-residents: local currency (Korean Won-KRW) up to KRW 8,000,000.-; foreign currencies: unlimited, provided declared on arrival. Amounts exceeding the equivalent of USD 10,000.- (including traveler's cheques) must be accompanied by a "Declaration of Foreign Currencies" form. No declaration is required for diplomats, diplomatic missions, US military personnel and those coming on official business (duty).

Allowed: local currency (Korean Won-KRW) up to KRW 8,000,000.-; foreign currencies up to the amount declared on import.

South Sudan

No reliable information can yet be obtained on restrictions for local currency (South Sudan Pound - SSP) or foreign currency.

Allowed. Local currency (Sri Lanka Rupee-LKR) up to LKR 5,000.-. Foreign currencies: no restrictions, however amounts over USD 15,000.- (or equivalent) must be fully declared to customs, except for Indian and Pakistan currencies which are prohibited. Amounts over USD 5,000.- also have to be declared if intending to take it back.

Allowed. Local currency (Sri Lanka Rupee-LKR) up to LKR 20,000.-. Foreign currencies up to the amounts imported and/or declared, except for Indian and Pakistan currencies which are prohibited.

St. Kitts-Nevis

Local currency: (East Caribbean Dollar-XCD); and foreign currency: unlimited, provided a declaration is made upon arrival.

Local currency: (East Caribbean Dollar-XCD); and foreign currency: up to the amounts imported and declared.

St. Maarten

Local currency: (Antillian Guilder-ANG) and foreign currencies: amounts exceeding USD 11,000.- or its equivalent must be declared.

St. Vincent and the Grenadines

Local currency (East Caribbean Dollar-XCD) and foreign currencies: unlimited, provided a declaration is made upon arrival.

Allowed. Foreign currencies in banknotes, traveler's cheques and letters of credit in all foreign currencies: amount exceeding EUR 10,000 or equivalent must be declared. Prohibited: local currency (Sudanese Pound - SDG).

Allowed. Foreign currencies in amounts exceeding EUR 10,000.- must be accompanied by import declaration. Prohibited: local currency (Sudanese Pound - SDG).

Local currency (Suriname Dollar-SRD): SRD 150.- per person; foreign currencies: unlimited, provided amounts exceeding USD 10,000.- are declared on model H forms on arrival.

Residents: local currency (Suriname Dollar-SRD): SRD 150.- per person; foreign currencies: unlimited, provided acquired from a foreign exchange bank and amounts exceeding USD 10,000.- are declared on model H forms on departure. Non-residents: foreign currencies: unlimited, provided amounts exceeding USD 10,000.- are declared on model H forms on arrival.

Allowed. Local currency (Swazi Lilangeni; plural Emalangeni-SZL) and foreign currencies: no restrictions.

Local currency (Swedish Krona-SEK) and foreign currencies: no restrictions if arriving from or traveling to another EU Member State . If arriving directly from or traveling to a country outside the EU: amounts exceeding EUR 10,000.- or more or the equivalent in another currency (incl. banker's draft and cheques of any kind) must be declared.

Switzerland

Allowed. Residents: local currency (Syrian Pound-SYP): unlimited; foreign currencies: up to the amount of max. USD 5.000.-. Non-residents: foreign currencies: up to the amount of max. USD 5.000.-. All nationals of Arab countries and foreigners are allowed to carry USD 5000.- when transiting Syria.

Allowed. Residents: SYP 5000.- when traveling to Lebanon. Non-residents: foreign currencies: up to the amount of max. USD 5.000.-. All nationals of Arab countries and foreigners are allowed to carry USD 5000.- when transiting Syria.

Allowed Local currency (New Taiwan Dollar-TWD): up to TWD 60,000.-; Chinese currency: up to CNY 20,000.-; Foreign currency: up to USD 10,000.-, or its equivalent; Bearer traveler’s checks, other types of checks, promissory notes, drafts, or other forms of negotiable instruments up to the value of USD 10,000.-. Higher amounts must be declared on arrival.

Allowed Local currency (New Taiwan Dollar-TWD): up to TWD 60,000.-; Chinese currency: up to CNY 20,000.-; Foreign currency: up to USD 10,000.-, or its equivalent; Bearer traveler's checks, other types of checks, promissory notes, drafts, or other forms of negotiable instruments up to the value of USD 10,000.-.

Residents of Tanzania, Kenya or Uganda may import local currency (Tanzanian Shilling-TZS) up to the amount exported. Non-residents are prohibited of importing local currency. Residents and non-residents may import foreign currencies without restrictions.

Residents of Tanzania, Kenya or Uganda may export local currency (Tanzanian Shilling-TZS) up to TZS 1,000.-. Non-residents are prohibited of exporting local currency. Residents and non-residents may export foreign currencies without restrictions.

Local currency: up to THB 50,000.- per person or THB 100,000.- per family holding one passport. Foreign currencies: unlimited. However, amounts of foreign currency exceeding USD 20,000.- (or equivalent) must be declared to a Customs Officer upon arrival by all travelers.

Timor-Leste

Local currency (US Dollar - USD) and foreign currency: no restrictions. Amounts exceeding USD 5,000.- must be declared on arrival.

No reliable information can yet be obtained on restrictions for local currency (USD Dollar - USD) or foreign currency.

Local currency (CFA Franc-XOF); and foreign currencies: limited to XOF 3,000,000.-, provided declared on arrival.

Residents: local currency (CFA Franc-XOF): not exceeding XOF 3,000,000.-; foreign currencies: to destinations within the French monetary area: unlimited and outside the French monetary area: up to the equivalent of XOF 6,500,000.-. For non-residents: local currency (CFA Franc-XOF): not exceeding XOF 3,000,000.-; foreign currencies: up to the amounts imported and declared.

Local currency (Pa'anga-TOP) and foreign currencies: must be declared on arrival.

Local currency (Pa'anga-TOP) and foreign currencies: up to the amount declared on arrival. If the amount exceeds TOP 10,000.- or equivalent in foreign currencies, prior approval from the National Reserve Bank of Tonga is required.

Trinidad & Tobago

For residents import of local currency (Trinidad and Tobago Dollar-TTD) is allowed with up to TTD 200.- in banknotes. Provided declared on arrival, no restrictions for import of foreign currencies (including traveler's cheques, etc.). Non-residents may import local and foreign currencies without restrictions, provided declared on arrival.

For residents export of local currency (Trinidad and Tobago Dollar-TTD) is allowed with up to TTD 200.-. Foreign currencies are permitted up to the equivalent of TTD 2,500.- once a year. All other amounts must be authorized by the Exchange Control Department. For non-residents export of local currency is allowed with up to TTD 200.- in banknotes. Foreign currencies may be exported up to the amount imported and declared.

Foreign currencies (no restrictions). Prohibited: local currency (Tunisian Dinar (TND).

Residents: foreign currencies: up to the equivalent to TND 4000.- per year. Prohibited: local currency (Tunisian Dinar-TND). Non-residents: foreign currencies: up to the amount imported. Re-exchange of local into foreign currencies upon departure is possible up to 30% of the total amount imported and exchanged with a maximum of TND 100.- per person, upon presentation of bank exchange receipts. Export of amounts exceeding TND 1000.- in foreign currencies is only allowed, provided declared when entering the country. Prohibited: local currency.

Local currency (Turkish Lira-TRY) and foreign currencies: unlimited. However, passengers should declare foreign currencies on arrival and ensure that this is specified in their passports.

Local currency (Turkish Lira-TRY) and foreign currencies: Foreigners: up to USD 5,000.- or equivalent. Amounts exceeding the equivalent of USD 5,000 must be declared and: -those residing in Turkey: must buy them from a bank in Turkey (with an entry to this effect in the passport); -those residing abroad: must have declared foreign currencies on arrival and have this specified in their passports. In case of re-exchange of TRY into foreign currency a bank voucher is required. For nationals of Turkey: up to USD 10,000.- or equivalent. Amounts exceeding the equivalent of USD 10,000 must be declared.

Turkmenistan

Local currency (Turkmen New Manat - TMT): allowed for residents of Turkmenistan, provided the amount has been declared on the customs declaration when leaving the country. Foreign currencies: allowed, provided a declaration is made.

Foreign currencies: up to the amount imported and declared. Local currency: unlimited for residents, provided a declaration is made.

Turks & Caicos Isl.

Local currency (Australian Dollar - AUD) and foreign currencies: no restrictions.

Foreign currencies: unlimited, provided declared on arrival. Prohibited: local currency (Uganda Shilling-UGX).

Foreign currencies: up to the amount imported and declared on arrival. Prohibited: local currency (Uganda Shilling-UGX).

Local currency (Ukrainian Hryvnia-UAH) and foreign currencies: up to EUR 10,000.- or equivalent. Exceeding amounts must be declared. A document on the withdrawal of cash from banking accounts is required. Banking metals: max. 500 grams in the shape of ingots and coins with a written declaration for the customs authorities.

Local currency (Ukrainian Hryvnia-UAH) and foreign currencies: up to EUR 10,000.- or equivalent without declaration. For exceeding amounts, customs declaration and a document on the withdrawal of cash from the financial establishment is required. Banking metals: max. 500 grams in the shape of ingots and coins with a written declaration for the customs authorities. License required for exceeding weight. The customs declaration is grounds for export of declared currency within 1 year from the registration of the declaration.

United Arab Emirates

Local currency (United Arab Em. Dirham-AED) and foreign currencies: allowed, however, currency exceeding AED 100,000.- (or equivalent) must be declared on arrival.

Local currency (United Arab Em. Dirham-AED) and foreign currencies: no restrictions.

United Kingdom

United states of america.

No restrictions on import/export of local or foreign currencies.

Import allowed for residents: - unlimited import of local currency (Uzbek Som-UZS); - unlimited import of foreign currencies. Import allowed for non-residents: - unlimited import of local currency (Uzbek Som-UZS); - unlimited import of foreign currencies. A declaration form has to be filled out upon arrival. Passengers carrying more than USD 1,000.- may be checked physically.

Export allowed for residents: - unlimited local currency (Uzbek Som-UZS); - foreign currencies up to the amount of USD 2,000.- or equivalent in freely convertible currency. Larger amounts can be exported with a special permit from the Central Bank. Export allowed for non-residents: - unlimited local currency (Uzbek Som-UZS); - foreign currencies not exceeding amount declared upon arrival. Proof of lawful exchange into Uzbek Som is required from passengers spending more than USD 2,000.-. Passengers failing to submit this proof have to pay a fine of 30 percent of the amount imported.

Local currency (Vanuatu Vatu-VUV) and foreign currencies: no restrictions. However, amounts over VUV 1,000,000.- (or equivalent) must be declared.

Local currency (Venezuelan Bolivar Fuerte-VEF) and foreign currencies: no restrictions.

Local currency (Vietnamese Dong-VND): no restrictions. Amounts exceeding VND 15,000,000.- must be declared on arrival. Foreign currencies: no restrictions. Amounts exceeding USD 5,000.- (or equivalent) must be declared on arrival. Amounts under USD 5,000.- (or equivalent) to be deposited in credit institutions and branches of foreign banks must also be declared on arrival.

Local currency (Vietnamese Dong-VND): no restrictions. Amounts exceeding VND 15,000,000.- must be declared on departure. Foreign currencies: no restrictions. Amounts exceeding USD 5,000.- (or equivalent) must be declared upon. Proof of expenses is required.

Virgin Islands (British)

Allowed. Local currency (United States Dollar-USD) and foreign currencies: unlimited, provided a declaration is made upon arrival.

Allowed. Local currency (United States Dollar-USD) and foreign currencies: up to the amounts imported and declared.

Virgin Islands (U.S.A.)

mporting the local currency (Yemeni Riyal-YER) is prohibited: however, residents of Yemen up to YER 2,000.- No restrictions for foreign currencies. Amounts exceeding USD 3,000.- or equivalent should be declared on arrival.

Residents may export up to YER 2,000.- (Yemeni Riyal - YER) and up to USD 3,000.- or equivalent of foreign currency, per passport. In case of staying abroad for medical treatment up to USD 4,000.- is allowed. For non-residents exporting the local currency is prohibited. Foreign currencies should not exceed the amounts imported and declared.

Local currency (Zambia Kwacha-ZMW) and foreign currencies: amounts exceeding USD 5000.- or equivalent must be declared.

Local currency (Zimbabwe Dollar-ZWR no longer in circulation, USD widely in use. GBP, EUR and ZAR also accepted): foreign currencies: unlimited. However, amounts of USD 10,000.- (or equivalent) must be declared.

Local currency (Zimbabwe Dollar-ZWR no longer in circulation, USD widely in use. GBP, EUR and ZAR also accepted). Foreign currencies: Nationals and residents of Zimbabwe: maximum of USD 10,000.- (or equivalent). Amounts over USD 5,000.- (or equivalent) require exchange control approval; Non-residents: limited to the amount imported. Amounts over USD 10,000.- (or equivalent) must be declared.

Do you need to fly with a large amount of money? Are you worried about the laws for this? Concerned how to keep it safe?

We at travelinglight.com have tried to make this as clear as possible for you. With a good understanding of the rules, and proper planning, it needn’t be so concerning!

Taking cash onboard

Even in these digital times, there are occasions when we want to travel with large amounts of cash. What are the rules for doing this? How do you make sure you are not breaking any laws? Getting caught out with too much cash is not a smart idea – this is not something you want to have taken away! – so it is a good idea to make sure you are up to date with the rules.

In general, when travelling within a country (including in the US and Europe) there are no limits. You may still be questioned if things look suspicious though! For international travel there are strict limits imposed by customs controls. These will vary for each country.

Simple rules for domestic travel

Let’s start with the simpler cases, travelling domestically. TSA (who control airport security) in the US publish clear guidelines about carrying cash. There is no official upper limit, although any amount over $10,000 should be declared to TSA staff. They may want to carry out a more thorough search and determine the reasons for carrying cash.

In Europe there is likewise no limit, and no need to declare any amount to customs or security staff.

Travelling international

For international travel, it’s all about the rules imposed by national customs. Each country has its own rules for both import (relevant when flying to the country) and export (when leaving).

IATA report the rules for most countries on their website and we have brought these together for you in our easy to understand table here.

As you see from a glance at this, the limits vary widely. There are a variety of options:

No limits. For example, Switzerland, Gibraltar and Hong all allow travelers to import and export any amount of currency.

Declaration above a set limit. For example, US and Europe require a declaration to customs when carrying cash above US$10,000 and Euro 10,000 respectively. But if declared a higher amount can be carried. Singapore allows Singapore$ 20,000.

Fixed limit. For example, China has fixed import or export of 20,000 Yuan local currency.

There are several important things to be aware of with these currency rules. You should check these for your travel plans:

There are often different rules in place for taking money into (import rules) and out of (export rules) the country.

Of course, you should be aware of the country you are leaving as well as entering! You may be able to take it out, but check you can take it into your destination.

In many countries, the export (and likely import) of domestic currency is prohibited. They may have rules in place for travelling with foreign currency such as US Dollars but export of any of the domestic currency is forbidden.

Some countries, for example Mexico, will only allow foreigners to export as much currency as they brought in. If you need to do this, make you have the correct evidence and paperwork.

Don’t forget transit countries

Your route to your destination may not be direct, or all on one airline ticket. If you need to clear customs at the airport you will need to be within that country’s limits, regardless of whether it is your final destination.

This can happen even when you don’t expect it. For example, if your second or later flight is on a separate ticket and you need to exit customs and re-check in. Also, some countries (including the US) require all arriving passengers to clear full customs even if transiting.

Be careful – it’s not just banknotes!

A vital area to be aware of is the definition of what is included in permitted allowances. This is not limited to traditional notes and coins cash.

The definition in use by EU customs for example includes the following items. Many other countries will follow similar definitions:

Any banknote or coin currently in circulation globally

Travelers cheques

Other monetary instruments such as cheques, promissory notes money orders and bearer bonds. These count whether made out to bearer or another payee, or the payee name is omitted.

You should also be aware of precious metals and stones. Whilst these are not treated in the cash definition by the EU or USA, they are by several countries. Bahrain and Kuwait for example specifically include gold in their definition. Oman and Saudi Arabia include all precious metals, jewels and stones.

Exceeding the limit

For safe and smooth travel, it is obviously advisable to stick to the limits and only travel with local or foreign currency permitted, and below the declaration level.

Exceeding a permitted amount will bring complications. Best case the money will be confiscated. Worst case you will additionally find yourself with fines and criminal charges.

On the other hand, if you are just exceeding the limit for customs declaration this is less of a problem. The key here is why you are travelling with so much cash. Customs and border protection are on the lookout for evidence of illegal activity or money laundering and will likely want to question you. If you have nothing to hide, then explain this. It will help to have any documentation or other evidence to support you. Of course, if they suspect wrongdoing they will refer to law enforcement. In this case, the hassle and delay here, not to mention the penalties, could be significant.

If the amounts are large, and you are not clear about how the country will treat this, it may be worth consulting a specialized lawyer.

Keeping it safe

Of course, if you are travelling with any sum of money (not just an amount approaching the legal limit!), it Is important to take steps to protect it.

Before you travel, check your insurance details. Policies will normally have a limit on the amount of cash they cover. They may also be specific about how to carry cash and the circumstances under which you are insured for theft. If insurance for cash is important to you, it is worth checking the details of different providers to choose the most suitable.

Also, consider obtaining proof of the funds you are travelling with as this could be useful in the event of theft or other loss. Perhaps a bank certificate, proof of cash withdrawal or even a photograph of the money you are carrying.

Keeping the money safe in your baggage and onboard is vital too. For some great tips on this and other in flight safety issues, see our article on in flight theft . This highlights the importance of locking your bags, keeping them near you and in sight and even using a motion detector.

Keep your eyes on it, and others off it

The sight of cash is tempting to any would-be thief! You should try to keep it out of view of others as much as possible, but keep sight of it all times. This starts at the security checkpoint and if you have to declare cash here, or a search of your bags is required, request to have this done in private. This will likely take more time, but keeps it out of others sight and in your view at all times.

On board the plane, don’t put money carrying bags in the overhead locker if it can be avoided. Keep them under the seat, at your feet, or even better on your person.

You’ll sleep much better on the flight knowing your cash is on you and not up above in a luggage locker!

Money packing products

There are some good products which can help with keeping money safe and out of sight. These have evolved far from the simple under-clothes money belt man of us have used, but are still limited in how much cash they can carry.

Take a look at money pouches designed to be worn under clothes, which I recommend :

I also recommend a standard trouser belt which can carry cash using a hidden zipped compartment on the rear. As with the under-clothes pouches, the volume here is limited. Combining a few of these options together may be a good solution for some people.

For a larger option, there are some good quality products available from PacSafe . They produce a range of sturdy, slash proof and lockable carry-on bags that may be of use, again depending on volume. These are also much more secure than a standard day bag for carrying around cash when you reach you destination. See this bag for example:

PacSafe also make a range of “Portable Safe” products . These can pack down inside another bag, but can also be sealed securely and locked to another object (such as your airline seat of even yourself!). And after arrival, they can also be useful in a hotel room or office.

Preparation is key

So, in summary, carrying money with you on a flight is fine as long as you are well prepared. This is not an area you want to get wrong – the penalties may be high and of course the cargo is valuable.

If for whatever reason you find yourself needing to carry large amount of cash just make sure you follow these important steps:

Check you are within the customs limits for export AND import for your whole travel itinerary (including transits).

Make sure you are aware of the total value of your money, and what to include in this.

Take any documentation you may need to support your reasoning if questioned.

Keep your money safe and in sight at all times.

Consider an undercover belt / pouch or lockable bag to help with protection.

http://ec.europa.eu/taxation_customs/individuals/cash-controls_en

http://www.iatatravelcentre.com/GB-United-Kingdom-customs-currency-airport-tax-regulations-details.htm#currency

http://travel.stackexchange.com/questions/36740/is-there-a-legal-limit-to-the-amount-of-cash-one-can-carry-on-domestic-us-flight

Last Updated on April 15, 2020

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How to Travel Internationally With More Than $10,000 in Cash

Many people wouldn’t dare cross international lines with a lot of cash on them.

The risks are just too great.

But if you’re traveling to a country where a U.S. debit card or credit card won’t work, bringing cash might be your only option for accommodations, transportation, and food.

Or, you plan to give that money out as gifts to family and friends abroad.

While it makes sense to travel with some cash, there are specific rules when you travel internationally with $10,000 or more in cash .

Here’s what you need to know to avoid running into problems, or worse, having your cash confiscated.

Rules for Traveling Internationally With $10,000

You have the right to withdraw your cash whenever you want; and if traveling internationally, you have the right to bring as much cash as you need for your trip.

With that said:

You must abide by government rules to keep your cash when going through U.S. Customs and Border Protection or TSA (Transportation Administration Security).

To be abundantly clear, it’s not illegal to travel with $10,000 in cash internationally .

The truth is:

You can travel with as much money as you like internationally. So if you want to stuff $1 million in cash or monetary instruments into your carry-on bag, there’s no law prohibiting this.

Reporting cash over $10,000

Just know that anytime you travel internationally with money, you’re required to declare any cash over $10,000.

You’ll have to fill out declaration Form FinCEN 105 and provide the exact amount of money on you.

Having to declare more than $10,000 in cash might seem a bit odd. But the reason for this rule is similar to why banks have to report withdrawals or deposits of $10,000 or more to the IRS .

Federal law requires financial institutions to report unusual or suspicious activity, which often includes large deposits.

A single deposit of $10,000 isn’t likely to raise too many red flags with the IRS. But if you make several large deposits, you’ll need to provide an explanation.

Similarly, traveling internationally with more than $10,000 won’t put you in handcuffs, but law enforcement may ask a few questions before letting you continue with your trip.

Basically, you’ll need to disclose the source of cash and provide a legitimate reason for having a lot of cash with you.

Bank Secrecy Act

The reason for disclosure has everything to do with the Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act of 1970.

This law was put in place to help detect and prevent drug trafficking and money laundering.

Money laundering is the act of disguising money generated by criminal activity, by making it appear as if it came from a legitimate source. Some people attempt to deposit illegal funds in foreign banks.

The bottom line:

Always be upfront about any cash over $10,000 on your customs form.

If you’re not honest, you could have your cash seized. And unfortunately, it takes time to get your money back, if you get it back at all.

As a side note, you’re only required to disclose amounts over $10,000 when traveling to or from the United States.

For domestic flights, you can carry as much cash as you like.

Dangers of Carrying a Large Sum of Cash on a Trip

But even if you have a legitimate reason for traveling internationally with $10,000 or more—or any large amount of cash—it isn’t recommended.

Unlike traveler’s checks or credit cards, you can’t replace cash. And anything can happen on your trip resulting in losing possession of your money.

For example, there’s the risk of theft when traveling to a foreign country. Some people look to take advantage of travelers. They may observe you, watch your activity, and steal your money when given an opportunity.

Even if you don’t run into criminal activity, there’s the risk of losing your cash.

So the less cash on you, the better.

If you must travel with a large sum of cash, here are a few tips to protect your funds from loss or theft:

1. Lock your cash in a hotel safe

If possible, book with a hotel that has a safe in each room .

In addition to storing your cash, you can also secure your passport, jewelry, and other valuable items during a trip.

You can set up a unique code upon checking into your room. When exiting the room, even for a short period of time, make sure the safe is closed and locked.

2. Separate Your Money

In the event that you don’t have access to a hotel safe, don’t keep all your money in the same place.

Find two or three different hiding places, and keep your money separated. This way, if someone finds a hiding spot and steals your cash, you’ll have some money left for the trip.

Avoid obvious hiding places like your suitcase.

Instead, stuff some cash inside socks within your suitcase or drawer, or perhaps within a toiletry bag.

3. Only carry what you’ll need

When enjoying outings in your destination country, only carry the cash you’ll need for the day. Keep most of your cash locked away in your hotel room, and travel with small bills.

Don’t put your wallet in a back pocket or an outside pocket of bags.

Invest in a security belt with a hidden pocket or other on-body storage.

4. Don’t let cash out of your sight

When traveling through an airport, it’s also important to never let cash out of your sight. The worst thing you can do is put your money in checked luggage.

Many people will have access to your bag before it’s returned to you, increasing the likelihood of theft. Keep your cash in your carry-on bag, buried near the bottom.

If you have to remove cash from your carry-on bag, do so discreetly and out of public view.

Safe Alternatives for Traveling With Cash

Given the possible risks of traveling with a large sum of cash, consider safer alternatives before heading out of town.

1. Open a worldwide checking account

Depending on how frequently you travel out of the country, it might be worth opening a checking account with a bank that offers global services .

Many financial institutions are able to accommodate international travel. You can deposit your cash at a U.S. bank branch. If you need to use an ATM in another country, the bank may reimburse your ATM fees.

There’s also a good chance that you won’t pay any foreign transaction fees when using your debit card worldwide.

Foreign exchange fees are typically charged when using a debit card internationally. On average, the fee is 3 percent of a transaction.

You’ll not only save money, but the ability to use an ATM or your debit card in another country also means you don’t have to convert your money at an airport, which comes with its own expensive fees.

2. Use a credit card without a foreign transaction fee

While it’s good to have some cash when traveling internationally for cab rides, subways, and tours, it’ll be safer to keep most of your cash at home and use a credit card instead.

But not just any credit card.

You’ll need a credit card that’s accepted worldwide, as well as a card that doesn’t charge foreign transaction fees .

3. Send the money abroad, instead

Maybe you’re visiting friends or family members in another country and you want to bring cash as a gift for them.

Carrying cash in your carry-on bag might seem like the safest, simplest solution. But, it’ll be safer to use other methods that involve sending money abroad.

For example, you can ask your bank about international money transfers, or use money wire services like Western Union or Money Gram.

You’ll pay a fee to wire money and upload a prepaid debit card, and you might deal with exchange fees.

Compare your options to find the least expensive alternative.

Final Word: Should You Travel With A Lot of Cash?

Traveling with cash is risky, since there’s no way to ensure your cash will arrive to your destination safely.

To avoid having your money seized, make sure you understand the proper way to travel and declare your cash.

And once you’re at your destination, proceed with caution to keep your money safe and out of the wrong hands.

Advertiser Disclosure:

We believe by providing tools and education we can help people optimize their finances to regain control of their future. While our articles may include or feature select companies, vendors, and products, our approach to compiling such is equitable and unbiased. The content that we create is free and independently-sourced, devoid of any paid-for promotion.

This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.

MyBankTracker generates revenue through our relationships with our partners and affiliates. We may mention or include reviews of their products, at times, but it does not affect our recommendations, which are completely based on the research and work of our editorial team. We are not contractually obligated in any way to offer positive or recommendatory reviews of their services. View our list of partners.

MyBankTracker has partnered with CardRatings for our coverage of credit card products. MyBankTracker and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Plans by the European Commission to Limit Cash Payments are Misguided

Today, the european commission launched the anti-money laundering directive (amld): a key outcome of its action plan for a comprehensive union policy on preventing money laundering and terrorism financing . part of the package is a regulation limiting cash payments across europe to a maximum of 10,000 euros..

Cash Matters fully supports all the measures to fight crime and terrorism announced on 20 July 2021 by the European Commission . However, the introduction of a mandatory cash payment limitation in all EU Member States—an “EU-wide limit of €10,000 on large cash payments”—is misguided and a step in the wrong direction. All existing studies indicate cash is not the culprit when it comes to money laundering and the financing of crime and terrorism.

In his 2017 study “ Restricting or Abolishing Cash: An Effective Instrument for Fighting the Shadow Economy, Crime and Terrorism? ”, Friedrich Schneider, Emeritus Professor of Economics at the Johannes-Kepler University of Linz, Austria, concludes that limiting or abolishing cash will not prevent terrorism, but will instead severely cap civil liberties.

Cash is neither the motivation nor the reason for shadow economies, crime or terrorist attacks.

In another study–“ Keeping Cash: Assessing the Arguments about Cash and Crime ”–Dr. Ursula Dalinghaus, Visiting Professor of Anthropology at Ripon College Wisconsin and Affiliated Member of the IMTFI, University of Irvine California, confirms this view.

Curtailing cash will do little when criminals already make use of a diverse portfolio of payment technologies and types.

The study also makes the case for cash being a big help to law enforcement as it is the only surface point for illegal activities. Philippe de Koster of the Belgian Financial Intelligence Unit and Avocat général Cour de cassation Belgium shared this view in his presentation at the ESTA conference in 2019: “Cash is the main indicator of suspicious money-laundering financial activities.”

In her study, Dalinghaus points out that “restricting cash payments entails the criminalisation of legitimate payment activities.” (p. 25)

Cash payment limitations imply everyone using large sums of cash is acting illegally, thereby implicating the overwhelming majority who use it legitimately. Limiting cash will not reduce money laundering and other criminal activities, but will instead displace them, leading to increased use of digital payment platforms.

Looking at the large number of un- and under-banked people in the EU (the latest figure being 139 million from a Mastercard study in December 2016), cash payment limitations will hurt the poorest the most. COVID-19 has already exacerbated the difficulties they face, and for many living in poverty, cash is a lifeline. Placing limits on cash payments will contribute to preventing social and financial inclusion of Europe’s poorest.

In addition, European citizens have made it very clear they do not want limits on cash payments, with 94 percent of respondents being against them in a 2017, EU-wide consultation. If they are now being introduced through a backdoor in the context of the AMLD 6, the Commission would seem to be disregarding the will of its citizens.

Cash payment limitations will have no effect when it comes to the prevention of money laundering and other criminal activities. Instead, they will be harmful, for the reasons outlined. Not the least of the negative effects is another strong signal against physical money in general, which is counterproductive given cash is one of the pillars of any democratic society, and is key to personal freedom and independence.

European Council Agrees on a €10,000 Limit on Cash Payments

Chair, CashEssentials

The European Council agreed on its position on an anti-money laundering (AML) Many jurisdictions have established regulations and set up sophisticated financial and other monitoring systems to enable law enforcement agencies to uncover illegally obtained funds and detect suspicious transactions or activities. International cooperation arrangements have been set up to assist these endeavors. Many anti-money laundering laws combine money laundering (which is concerned with the source of funds) with terrorism financing (which is concerned with the destination of funds) when ... More regulation and a new directive (AMLD6) aimed at protecting EU citizens and the EU’s financial system against terrorist financing. The directive includes a limit on cash Money in physical form such as banknotes and coins. More payments exceeding €10,000. Member states will have the flexibility to impose a lower maximum limit if they wish.

The directive, when introduced, would significantly strengthen existing anti-money laundering and terrorist financing rules , which require businesses and individuals to apply customer due diligence, including identifying and verifying the identity of the customer as well as the beneficial owner, for transactions in cash exceeding €10,000. Suspicious transactions must be reported to the financial intelligence unit of the EU country.

Cash Payment Limitations Back on the Agenda

The question of limitations on cash payments has been topical in Europe ever since the Global Financial Crisis. Seventeen out of 27 Member States of the European Union already have cash payment A transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. More limitations. With an EU wide-limitation of €10,000, 13 countries would see existing constraints increase. The chart below shows that thresholds vary significantly, ranging from €500 in Greece to over €14,000 in Poland.

In 2018, after a two-year consultation, the European Commission decided not to impose EU-wide limitations on cash payments. The Commission concluded in a report on the impacts of restrictions on payments in cash that “While tax fraud and the use of cash are often associated, the study demonstrates that the relationship between the two is not always clear-cut.”

The European Commission Recommendation 2010/191/EU states that the acceptance of payments in cash should be the rule but acknowledges that cash may be refused for reasons related to the ‘good faith principle,’ without this constituting a breach of the legal tender Money that is legally valid for the payment of debts and must be accepted for that purpose when offered. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered (“tendered”) in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. More status of cash. The report adds: “[…] the impact of a cash restriction on money laundering The operation of attempting to disguise a set of fraudulently or criminally obtained funds as legal, in operations undeclared to tax authorities, and therefore not subjected to taxation. Money laundering activities are strongly pursued by authorities and in most countries, there are strict rules for credit institutions to cooperate in the fight against money laundering operations, to declare and report any transactions that could be considered suspicious. More in general, cannot be precisely quantified. In this context, a declaration obligation would already provide law enforcement with intelligence”. It is not clear why the situation is different today.

National vs. EU-Wide Limitations

In a June 2021 interview with Handelsblatt , Johannes Beermann, then Board Member of the Deutsche Bundesbank, was highly critical of the Commission’s plans to impose a €10,000 limit on cash payments. “It is absolutely necessary to intensify the fight against money From the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More laundering,” he said. “But it is questionable whether an upper limit of €10,000 for cash payments is the most suitable means, or whether it is not primarily aimed at honest citizens.”

Johannes Beermann emphasized: “So far there has been no scientifically sound evidence that the goal of combating money laundering is achieved with upper limits for cash payments.” This has also been shown by experience in countries in which payments with notes and coins have already reached certain sums that are limited. “I therefore consider an upper limit for cash payments to be wrong,” said Beermann.

In December 2022, Italy’s prime minister Giorgia Meloni proposed to lift the legal limit for cash transactions to €5,000, reversing a pledge by previous Italian governments to cut the limit from €2,000 to €1,000 from January 1. Meloni also wants to hand merchants the right to refuse to accept digital payments for transactions below €60 without fear of penalty. In its assessment of Italy’s draft budget plans, the European Commission said the measures to encourage the use of cash breached economic guidelines were “not in line” with past advice to Italy to “fight tax evasion … by strengthening the compulsory use of e-payments”. The advice contradicts the Commission’s 2018 report, which concludes that “the relationship between the two is not always clear-cut.”

It seems likely that imposing limitations on cash payments could further undermine public opinion towards CBDCs as consumers may feel they are forcefully nudged away from cash towards digital money.

In December 2021 , a controversial law that would have banned cash payments over $10,000 was voted out by the Australian Senate. Many saw it as infringing on the freedom to use cash and protect one’s financial privacy.

Crypto Assets and Precious Metals are Targeted as Well

The new EU anti-money laundering and combating the financing of terrorism (AML/CFT) rules will be extended to the entire crypto sector, obliging all crypto-asset service providers (CASPs) to conduct due diligence on their customers. This means they will have to verify facts and information about their customers. In its position, the Council demands CASPs to apply customer due diligence measures when carrying out transactions amounting to €1,000 or more and adds measures to mitigate risks about transactions with self-hosted wallets. The Council also introduced specific enhanced due diligence measures for cross-border correspondent relationships for crypto-asset service providers.

Third-party financing intermediaries, persons trading in precious metals, precious stones, and cultural goods, will also be subject to the obligations of the regulation, as well as jewellers, horologists, and goldsmiths.

Now that the Council has agreed on its position on the anti-money laundering regulation and directive, it is ready to start trialogue negotiations with the European Parliament to agree on a final version of the texts.

5 Ways To Save Money Traveling to Europe in 2024 According to Locals

P lanning a trip to Europe can be somewhat daunting when it comes to your budget . If you plan to visit one or more of the 27 countries in the European Union (EU), you can eliminate concerns about exchange rates during your travel by visiting one or more of the 20 countries using the euro.

Check Out: 11 Expensive Vacation Destinations That Will Be Cheaper in 2024

For You: How To Get $340 Per Year in Cash Back on Gas and Other Things You Already Buy

Once you’ve picked the countries you want to visit and what you’d like to do, you’ll need to manage the expenses to be sure you can make it happen.

Here are five ways to save money traveling to and around Europe in 2024, according to locals.

Sponsored: Owe the IRS $10K or more? Schedule a FREE consultation to see if you qualify for tax relief.

Find the Right Source of Local Transportation

Habits in each country vary, so you’ll need to take that into consideration. For instance, carpooling services are a common travel method that the locals in France use to save money. If you’re traveling to Spain, you can take the Renfe AVLO to get to different cities like Seville or Valencia. It’s comfortable, fast and affordable. Prepaid cards can save you money with Portugal and Ireland’s trams, buses and city trains, while Greece offers a loyalty card program for its ferries. Rail Europe also offers rail passes .

Ideally, you should walk or bike as much as possible. Hiking is free and a great way to take in the sights. Renting a bike is relatively inexpensive if you need to get somewhere a bit more quickly. Additionally, to get to Europe in the first place, be sure to check out sites like Dollar Flight Club and Going to optimize your airfare.

Make Use of Free Attractions

In Denmark, you can kayak for free with Green Kayak , a nice way to explore and help the environment. In France, La Fête de la Musique offers free concerts, and La Nuit des Musées offers free museum visits during the evening. Many of Ireland’s museums are free all the time, including the Galway City Museum and the Irish Museum of Modern Art. On Sundays, museums have free admission in Lisbon and Barcelona.

There are also plenty of landmarks to visit for free. Nice is home to the Monastere de Cimiez, Copenhagen has its Botanical Garden and Madrid features the Templo de Debod.

Select Alternative Lodging

Rather than expensive hotels, you can opt for local Airbnb’s, bed and breakfasts and hostels. Hostels are cheaper and less luxurious and you’ll likely have to share a communal bathroom, but they commonly have other perks like free breakfast and laundry.

If they’re still not to your fancy, micro hotels are a step up in quality and may even come with a private en-suite bathroom. You should also book directly whenever possible because you might receive a complimentary breakfast or upgrade from the front desk. Plus, if something goes wrong, it’s easier to deal directly with the lodging site instead of a third party.

Be Selective About the Items You Consider Purchasing

It’s easy for vendors to sell souvenirs at unreasonable costs because they’re banking on you wanting to bring something back to remember the experience — regardless of whether or not the item in question is even of good quality. Be selective about parting with your money.

In countries like France and Portugal, locals recommend that you purchase drinks at a market rather than at a bar. Then, you’ll be able to spend more time immersing yourself in the unfamiliar scenery.

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Ask a question or make a comment

Every Wednesday we ask a Michelin chef to pick their favourite Cheap Eats where they live and at home. This week we speak to Tom De Keyser, head chef at Tom Kerridge's two-starred The Hand and Flowers, Marlow.

What is your favourite place for a meal for two for up to £40 in Buckinghamshire?

The Cedar Marlow is a local gem, it's a fantastic coffee shop and spot for a lovely lunch. I always have the pastrami bagel which is brilliant, my wife loves the chicken shawarma salad, and my young daughter has a fluffy bowl of scrambled eggs. You can happily feed the three of us with a couple of delicious coffees for less than £40.

When I moved to Marlow it was the first place I went for coffee before starting at The Hand and Flowers, I remember the staff being so welcoming and friendly with lots of smiles. It's a gorgeous family-run place with Ralph and Aldo making sure that everyone is looked after, the food is super fresh and the atmosphere is great.

For the nights spent at home – your favourite, low-effort meal to whip up quickly?

My go-to meal for something quick and tasty is quite often pasta and red pesto with grated cheese and fresh herbs with an Italian side salad.

How did you get into cheffing?

In my last year of university, my beer money ran out and I began working in a restaurant, before joining The Hand and Flowers in 2012, the year it became the first in the world to be awarded two Michelin stars.

Read the recommendations of other top chefs around the UK here ...

From Sunday, eligible working parents of children from nine-months-old in England will be able to register for access to up to 15 free hours of government-funded childcare per week.

This will then be granted from September.

Check if you're eligible here - or read on for our explainer on free childcare across the UK.

Three and four year olds

In England, all parents of children aged three and four in England can claim 15 hours of free childcare per week, for 1,140 hours (38 weeks) a year, at an approved provider.

This is a universal offer open to all.

It can be extended to 30 hours where both parents (or the sole parent) are in work, earn the weekly minimum equivalent of 16 hours at the national minimum or living wage, and have an income of less than £100,000 per year.

Two year olds

Previously, only parents in receipt of certain benefits were eligible for 15 hours of free childcare.

But, as of last month, this was extended to working parents.

This is not a universal offer, however.

A working parent must earn more than £8,670 but less than £100,000 per year. For couples, the rule applies to both parents.

Nine months old

In September, this same 15-hour offer will be extended to working parents of children aged from nine months. From 12 May, those whose children will be at least nine months old on 31 August can apply to received the 15 hours of care from September.

From September 2025

The final change to the childcare offer in England will be rolled out in September 2025, when eligible working parents of all children under the age of five will be able to claim 30 hours of free childcare a week.

In some areas of Wales, the Flying Start early years programme offers 12.5 hours of free childcare for 39 weeks, for eligible children aged two to three. The scheme is based on your postcode area, though it is currently being expanded.

All three and four-year-olds are entitled to free early education of 10 hours per week in approved settings during term time under the Welsh government's childcare offer.

Some children of this age are entitled to up to 30 hours per week of free early education and childcare over 48 weeks of the year. The hours can be split - but at least 10 need to be used on early education.

To qualify for this, each parent must earn less than £100,000 per year, be employed and earn at least the equivalent of working 16 hours a week at the national minimum wage, or be enrolled on an undergraduate, postgraduate or further education course that is at least 10 weeks in length.

All three and four-year-olds living in Scotland are entitled to at least 1,140 hours per year of free childcare, with no work or earnings requirements for parents.

This is usually taken as 30 hours per week over term time (38 weeks), though each provider will have their own approach.

Some households can claim free childcare for two-year-olds. To be eligible you have to be claiming certain benefits such as Income Support, Jobseeker's Allowance or Universal Credit, or have a child that is in the care of their local council or living with you under a guardianship order or kinship care order.

Northern Ireland

There is no scheme for free childcare in Northern Ireland. Some other limited support is available.

Working parents can access support from UK-wide schemes such as tax credits, Universal Credit, childcare vouchers and tax-free childcare.

Aside from this, all parents of children aged three or four can apply for at least 12.5 hours a week of funded pre-school education during term time. But over 90% of three-year-olds have a funded pre-school place - and of course this is different to childcare.

What other help could I be eligible for?

Tax-free childcare - Working parents in the UK can claim up to £500 every three months (up to £2,000 a year) for each of their children to help with childcare costs.

If the child is disabled, the amount goes up to £1,000 every three months (up to £4,000 a year).

To claim the benefit, parents will need to open a tax-free childcare account online. For every 80p paid into the account, the government will top it up by 20p.

The scheme is available until the September after the child turns 11.

Universal credit - Working families on universal credit can claim back up to 85% of their monthly childcare costs, as long as the care is paid for upfront. The most you can claim per month is £951 for one child or £1,630 for two or more children.

Tax credits - People claiming working tax credit can get up to 70% of what they pay for childcare if their costs are no more than £175 per week for one child or £300 per work for multiple children.

Downsizing your home as you get older has a lot of practical benefits - including cutting down on household bills and maintenance costs.

But new analysis shows that moving to a smaller home could also unlock hundreds of thousands of pounds to help clear your mortgage or tuck away in savings.

Research by consumer champion Which? found that - predictably - downsizers in London were likely to make the most in overall cash terms due to high property prices in the capital.

A Londoner moving from a four-bed to a two-bed property, and staying in the city, could release as much as £414,000, it found.

But Which? says that people downsizing within the capital are only getting back 46% of the total value of their original home on average - the lowest of any region.

In contrast, people in the North East could release as much as 56% of their four-bed home's worth.

People moving to a two-bed from a four-bed in Scotland would make an average of £159,264 in profit - the lowest in cash terms of all regions in Britain. However, they'd get back 50% of the total value.

Londoners wanting to break away from the Big Smoke could make as much as £771,097 by moving to the North East, according to Which?

Movers doing the big trek from the South West to the North West could also unlock a profit of up to £283,586, it said, while people in the South East downsizing in the North East could get £462,763.

Researchers at Which? analysed Office for National Statistics average property price data and factored in moving costs such as estate agent fees, stamp duty and conveyancing fees.

Sam Richardson, Which? deputy money editor, said while downsizing is "far from easy", it can unlock "a significant amount of money".

"Even after additional expenses, such as stamp duty and removal fees, the sums you free up could make a big difference, especially if you're concerned that your pension won't go far enough, or you're looking to help loved ones financially," he said.

Average UK house prices have risen only slightly in the past month, according to data from Halifax.

The average house price rose by 0.1% in April month-on-month, after a fall of 0.9% in March.

Halifax said typical house prices in early 2024 have "largely plateaued", with the housing market "finding its feet in an era of higher interest rates".

It added it expected property prices to "rise modestly" over the course of 2024.

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Rules for taking cash in / out of the EU; travelling with cash in the
Rules for travelling with cash when entering or leaving the EU. If you plan to enter or leave the EU with €10 000 in cash (or its equivalent in other currencies) or carry one or more of the commodities listed below (to the value of €10 000) y ou must declare it to the customs authorities in the EU country you are entering or leaving, using ...
EU Cash Controls
Regulation (EU) 2018/1672 of 23 October 2018 on controls on cash entering or leaving the EU. EU action against the financing of terrorism. As part of the EU's efforts to tackle money laundering and the financing of terrorism, all travellers entering or leaving EU territory are already obliged to complete a cash declaration when carrying EUR ...
How much cash can you travel with in Europe?
If your money isn't in cash, there's no limit to how much you can travel with. If it is in cash, however, you'll have to declare it if it's over 10,000 euros (or the equivalent in your local currency) when entering or exiting an EU member state from outside of the EU. If you're travelling to a European country that isn't a member of the EU ...
Cash payment limitations
The limits for cash payments are as follows: The cash limit is 1,000 euros for taxpayers resident in France. For non-resident taxpayers acting as consumers, the limit increases to an amount of 10,000 euros (up to and including 15,000 euros in special cases, e.g. payments to banks).
Obligation to declare cash when travelling to or from Germany
14.09.2022 - Article. Cash sums totalling 10,000 or more euros on trips to and from Germany must be declared to the customs authorities. This applies to both cash and equivalent means of payment.
Declaring cash you are carrying into or out of the European Union (EU
If you are entering or leaving the EU and carrying cash worth €10,000 or more, you must declare it. Cash can be banknotes and/or coins. Declare your cash with customs in the country where you are entering or leaving the EU. If you leave or enter the EU via the Netherlands you should declare the amount with the Douane (Dutch Customs).
Money in Europe: What you need to know about getting cash in Europe
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For persons travelling in a group the € 10 000 limit applies to each person individually. The obligation to declare cash also applies to minors through their parents or legal guardians, and to mentally incompetent persons or protected adult persons through their legal representation.
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Obligation to declare cash or equivalent means of payment when entering or leaving the EU

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Money in Europe: What you need to know about getting cash in Europe

European currency

What you need to do before your trip

Set your withdrawal limit

Do you need to carry a lot of cash on you?

Bring a wallet or change purse that can handle more coins

Check the ATM withdrawal policies of your bank

Avoid taking out cash before your trip for when you arrive

Best practices for getting cash out in Europe

Know the rough rate for conversion

Ensure you have at least one debit card with Visa or Mastercard, if not more.

Make sure your card is chip and pin

ATMs in Europe

ATMs in Airports are convenient , however they usually have high fees attached to them

Try to look up banks, rather than ATMs, as these ATMs will have lower fees

Be aware of your surroundings and try to use ATMs within residential neighborhoods

Check the ATM before using it

Other tips for money in Europe

Large bills may not be broken in many shops

Avoid exchanging money

It’s generally cheaper to pay in cash for small items and meals. I typically use a credit card for hotels.

Americans: Avoid keeping excess US dollars, most places will not accept them

In countries that don’t use the euro, you might be able to use euros in some cases*

Be careful about handing off your cards to be run in the back

Any other questions about taking out money in Europe?

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Cash payment: Cash limits in Europe

No single EU-wide limit for cash payments yet

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How Much Cash Can You Travel With? (TSA & International Rules) [2023]

How much cash can you travel with?

Legal risks of traveling with cash

Tips for traveling domestically with cash

Keep the amount as small as possible

Notify a TSA agent

Avoid checked baggage

Bring documentation

Avoid transporting suspicious items

Consider your criminal history

The International cash limit of $10,000 and the need to declare

Monetary instrument

Items that don’t count as currency

Factors to consider when traveling with cash

Getting through security

The theft risk

Travel insurance

Foreign conversion fees

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