How much money can we legally carry without declaration?

fullmoon_2

We, a family of four (2 adult, 1 child, 1 infant) going out of EU. I understand the €10000 limit. But I could not find any information about child and infant limit. Will it be €10000 times 4 or €10000 times 2?

Thanks in advance.

Incapuppy

Aside from any legalities I think you may struggle to find any travel insurance that will cover you for the loss of that much cash.

Enterprise_1701C

Are you going out permanently or on holiday?

fullmoon_2

Incapuppy wrote: »

Aside from any legalities I think you may struggle to find any travel insurance that will cover you for the loss of that much cash.

Not cash, bank draft or TC.

fullmoon_2

Enterprise_1701C wrote: »

Are you going out permanently or on holiday?

At the moment permanently.

thegirlintheattic

I'm sure my OH used paypal when he went to the states to live.

agrinnall

I'm not aware that there are any limits on taking funds out of the UK, and I'd be surprised if the Eurozone countries have one. Limits may apply in the country you are going to but as you haven't told us where that is we can't really help.

isplumm

fullmoon wrote: »

Not cash, bank draft or TC.

Hi,

Would you not be better to open a bank account where you are going (before going) & use someone like smart currency to move the money??

Mark

shaun_from_Africa

agrinnall wrote: »

I'm not aware that there are any limits on taking funds out of the UK, and I'd be surprised if the Eurozone countries have one. Limits may apply in the country you are going to but as you haven't told us where that is we can't really help.

You are allowed to take €10,000 out of any EU country before you have to declare it to HMCE at the point of departure. (This limit only applies if you are travlling to a non EU country.
It is not only cash that must be declared, but also cash equivilents such as bank drafts and travellers cheques.

I know this for a fact as I occasionally have to carry large wads of money for the company I work for, and I always make sure that the declaration form is filled in before I get to the airport.

I've done this 6 times now, and provided you can prove where the money is from and what it is intended for, (if asked), you won't have any problems or delays.

alanrowell

You should check the rules of where you are going as you may have to declare all money - or large amounts of cash will be confiscated

fullmoon_2

isplumm wrote: »

Hi,

Would you not be better to open a bank account where you are going (before going)?

Mark

I won't be able to open a bank account there from UK.