Bizum has become one of the most widely used money transfer services in Spain, which has forced the Treasury to decide on transactions made using this service. Over the past few years, the minimum and maximum supply volumes Money have changed, let’s look at these new restrictions.
The Treasury has published in the “Official State Gazette” the maximum and minimum limits for sending money using Bizum. When setting limits, it must be understood that once they are exceeded, Treasury may penalize users who do not report these transactions using appropriate forms and provided by the Treasury.
limits bizum They are understandable, although this does not mean that there cannot be small variations depending on the bank with which we use the service. The positive thing that the Treasury has put on the table is that all users can get an idea of what might happen if they don’t follow what is noted.
Taking all this into account, we find ourselves in a situation that needs to be studied, since any kind of penalty in this regard must be avoided. Of course, before starting with the Bizum limits set by the Treasury, one must take into account that there are two situations to consider: individuals and companies.
The Ministry of Finance sets limits on money transfers using Bizum
The transfers that can be received per month have decreased, and now only 60 such transactions can be received. The limit on money transfers has not yet been set, so it depends entirely on the balance of each person’s account. The maximum amount of money that can be sent per day is 1200 euros and up to 2000 euros in some organizations..
Of course, the fixed limit of money received per month is 5,000 euros.. In principle, any transaction made through Bizum is subject to verification by the Treasury. Of course, the alarm is triggered when the amounts exceed 9,999 euros, since from 10,000 euros, the movement must be declared at the Treasury.
Failure to submit an appropriate declaration allows the Ministry of Finance to fine the user who made this shipment. Fines have a fairly wide range, starting from 600 euros and ending in the case of 10,000 euros, this may result in a fine of 5,000 euros. It is clear that this is a fraud prevention measure and that it is targeted at specific users.
Source: Computer Hoy