Better not to do that. If you speak to the wrong person, they could do anything from putting your name in the “high risk” category to calling the Gendarmes and setting up a trap.Better answer, go to the branch or call them and you will get the true information.
That's why I started thread.......50k cash is possible ?Better not to do that. If you speak to the wrong person, they could do anything from putting your name in the “high risk” category to calling the Gendarmes and setting up a trap.
In an ideal world, it should work as you say.If you have a legitimated bank account in Switzerland and you ask them how much you can withdraw they are not starting the next world war nor will they call the Gendarmes, police, military and what else.
If you explain them why you want to do that and you have a legitimated reason, why would they do anything of that.. it's fantasy.
Sometimes I'm amazed about answers here from people that should know better. Maybe I shouldn't even comment on such and just hit the delete button.
so withdrawing cash from Swiss personal account is in general not allowed nowadays?In an ideal world, it should work as you say.
But we don’t live in an ideal world, unfortunately. Monkeys do work also in Swiss banks.
And the trap with the Gendarmes waiting at the entrance is a real story.
Of course it’s not the bank that sets up the trap… a stupid bank employee files with MROS, the report ends on the desk of a stupid prosecutor who sends the police.
It is allowed like in any other European bank.so withdrawing cash from Swiss personal account is in general not allowed nowadays?
don't know how about the rest of Europe but anywhere from DE to the east it's no issue - they ask for the source of funds, I say savings (magic word nowadays), then they as for a reason and I always say I don't trust banks, we laugh, then I say I'm going abroad and their exchange rate sucks so I have to go to the exchange office down the street, they agree, we laugh again and no problem whatsoever - talking about up to 30k per single withdrawalTry to convince the average bank monkey that $50k cash are needed for a legitimate reason.
Then try to convince the prosecutor.
You might prevail at the end, but is it really worth it?
It is allowed like in any other European bank.
which you must declare at the border.50,000 in EUR for a fun weekend in Monaco
Yes, although those controls are often pretty lax. But it's definitely something you should prepare for.which you must declare at the border.
That's usually not a problem. Just keep a bank statement and withdrawal slip with you. If memory serves, I know of one person who got stopped and simply logged in to their banking app to show a balance far exceeding the amount being carried.And you must be very convincing with border police if you don't want the money to be confiscated (which might include disclosing where you obtained the money from, including all the account details).
They might make a note about it but that's about it. Having a record of leaving/entering a country with large sum of cash isn't the same as being on a watch list.And you must accept to be put in the "watch list" because of that.
I deal with them and their ilk quite a lot. I've found a way to work with them that doesn't require me calling them monkeys.It looks like you never had to deal with the stupidity of bank monkeys
Deal with MROS and other FIUs frequently. Very familiar with how they work.MROS
Haven't run across these much, but have had mostly positive experiences working with financial crime law enforcement, for example in response to RFIs.prosecutors, GdF etc.
Agreed. There are many ways to do something like this wrong. It's always good to be informed and aware of the risks.I am happy for you, but remember that it's better to be safe than sorry
I would like to find a definition that doesn’t offend monkeys.I've found a way to work with them that doesn't require me calling them monkeys.