Starting July 10, 2027, the will implement a 10,000 euro limit on cash payments for involving goods and services. This regulation requires amounts exceeding the cap to be paid via non-cash methods, such as .
The rules apply to single transactions and multiple partial payments that are linked. While private person-to-person sales are generally exempt, certain professional groups must conduct identity checks for occasional cash transactions starting at 3,000 euros.
Designed to combat , the law allows member states to set stricter national limits. Notably, bank deposits are exempt from the 10,000 euro cap, though financial institutions may still require proof of origin for large cash sums deposited.