/r/Denmark

153 readers

1 users here now

GÅ TIL FEDDIT.DK

Kommentarerne du skriver her sendes ikke tilbage til Reddit.

founded 1 year ago

MODERATORS

[email protected]

Exchange currency (leddit.danmark.party)

submitted 7 months ago by [email protected] to c/[email protected]

9 comments fedilink hide all child comments

Hi,

My mother-in-law has a decent amount of cash in her house, mostly in 1000 DKK bills.

She is so afraid to take it to the bank because she doesn't know what to say about where she got it. She has just been saving up for years, and there's no illegal way she obtained it.

If we would like to exchange it for Euros or another currency, what is the best way to do that? Can I just walk into a currency kiosk or a bank and exchange 20k or 30k DKK, or is there a limit? Do exchange kiosks accept 1000 DKK bills?

Thank you in advance.

Dette indlæg blev automatisk arkiveret af Leddit-botten. Vil du diskutere tråden? Tilmeld dig på feddit.dk!

The original was posted on /r/denmark by /u/S_igxx at 2024-03-18 11:45:40+00:00.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 7 months ago

cbhem at 2024-03-18 12:19:11+00:00 ID: kvf08gj

She is so afraid to take it to the bank because she doesn't know what to say about where she got it.

Well, they're legally obliged to ask, so either she can or she can't and whether the bank will accept the deposit or whether they will report it as activity that needs to be investigated will depend on it.

She has just been saving up for years, and there's no illegal way she obtained it.

It's on her to prove it isn't, so if she can't there may be a problem.

If we would like to exchange it for Euros or another currency, what is the best way to do that?

Can I just walk into a currency kiosk or a bank and exchange 20k or 30k DKK, or is there a limit? Do exchange kiosks accept 1000 DKK bills?

Currency exchange offices are subject to the same laws and have to pass audits too. Since Denmark is one of the most compliant countries in regards to anti-money laundering, it's unlikely that you will be able to exchange it without being able to account for it. If you can't account for it, the currency exchange office can't either and this is now their problem.

This is unfortunately the reality of digitization, that since we mostly no longer NEED cash, there's no longer any good reason to accept the risks associated with untraceable money (cash).