Anyone who has an account with ABN AMRO pays 5 euros from 1 July and 0.5 percent of the amount withdrawn if he or she wants to withdraw more than 12,000 euros per year from the account.
For students, the limit is 6,000 euros, with the Youth Growth Account the rule already applies from 2,000 euros, the bank reports to NU.nl.
For those who want to deposit more than 10,000 euros, similar rules apply, but this concerns 5 euros and 1 percent of the amount deposited.
The Youth Growth Account is about 2.50 euros and 1 percent of the amount deposited.
Previously, the bank talked about a limit of 10,000 euros to customers and on its website, but a spokesperson now tells NU.nl that the rules only apply from 12,000 euros.
"We are still adjusting that today", it sounds.
The bank takes the decision to "discourage excessive use of cash".
"As a bank, we have a gatekeeper function and have to do extra monitoring for such large amounts, so that entails additional costs," said the spokesperson.
The bank does this to combat money laundering or other financial fraud.
ABN AMRO recently reached a settlement in a money laundering case.
The Public Prosecution Service (OM) found that the bank had failed to tackle money laundering for years.
'Cash must be freely accessible'
The Consumers' Association is not satisfied with the plan.
She asks the bank to withdraw the decision "because cash must be freely accessible".
The organization admits that less and less cash is used, but does not believe that banks should play a role in this.
"It is not inconceivable that the use of cash is minimal at a certain moment. But consumers determine whether the use of cash will decrease and at what rate, not the banks. The Dutch Central Bank and the Social Forum on the Payment System also say this. setting a limit, ABN AMRO completely ignores this principle of principle, "says director Sandra Molenaar.
The bank emphasizes that it remains a proponent of the use of cash and does not wish to discourage this in any way.Keywords: