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    Is there a limit on cash payments in Finland?

    The new EU cash limit under anti-money laundering rules.

    Answered at: Checked at:

    Short answer

    Not yet, but one is coming. Under the EU Anti-Money Laundering Regulation adopted in 2024, from 10 July 2027 a business selling goods or services may not accept or make a cash payment of 10,000 euros or more. Verkkouutiset explains that deals between two private persons are not covered, so you can still sell your own used car for cash. Depositing large amounts of cash in your own bank account is not banned either.

    Practical: communication, money, services

    Why

    1. Verkkouutiset reports the EU ban on cash payments of 10,000 euros or more from 10 July 2027.
    2. The rule is based on the EU anti-money laundering regulation of 2024.
    3. Private sales between individuals are outside the limit.

    Details

    Member states may set a lower national limit. Finland had not announced a lower limit in the sources checked.

    Tip

    For large purchases, such as a car from a dealer, plan to pay by bank transfer.

    What may differ

    The rule applies from July 2027. Until then, Finnish law and the seller's own rules apply.

    Common misconception

    The EU is abolishing cash.

    What actually happens

    Cash stays legal tender. Only very large business payments are limited.

    People also ask

    • Do you need ID to pay over 3,000 euros in cash?
    • Is cash legal tender in Finland?
    • How much cash should you keep at home in Finland?

    Sources

    This answer is for reference only. Payment rules and fees change, so check the official sources or your bank before you pay.

    Practical: communication, money, services
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