EU ban on cash payments of €10,000 or more (application date)
Saturday 10th July, 2027
The EU will ban cash payments of €10,000+ in professional/commercial transactions from 2027 and add ID and due‑diligence checks for smaller cash payments as part of a wider anti‑money‑laundering package. This matters to Wise because it shifts more business and consumer cross‑border and high‑value payments into digital rails, giving you a clear role in conversations about compliant, transparent digital alternatives for customers across the UK and EU.
Why have we flagged this?
The new cash limit brings digital payments into focus, giving you a timely chance to explain how transparent cross-border payments can help people and businesses move money internationally.
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