In Spain, there is no legal limit for withdrawing cash from an ATM. However, if the amount exceeds 3,000 euros, the tax agency (Agencia Tributaria) may request information about the destination of the funds. For withdrawals between 1,000 and 3,000 euros, banks are required to report the transaction and may ask for supporting documents. The tax authority itself recommends that financial institutions inquire about the reason for large cash withdrawals as a preventive measure against tax fraud and money laundering. Due to this threshold, banks often establish daily or per-transaction limits at ATMs. While there are no general legal limits on using cash, banks are obligated to identify clients for cash deposits or withdrawals of 1,000 euros or more. Since July 11, 2021, it has been forbidden to pay in cash for transactions of 1,000 euros or more when one of the parties acts as a businessperson or professional. This rule applies to the entire transaction, not just the cash portion. For very large withdrawals, advance notice to the bank is typically required, and the operation is usually carried out at a teller window rather than at an ATM.
