Can you just transfer 500,000 euros to someone?
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If the money is in the account, no problem.
However, if you receive the money, the bank may ask for your
And what does it matter to the bank if someone transfers me 500,000 euros?
Have you ever heard of the Money Laundering Act?
With such large sums, banks must document where the money comes from and report any suspicious cases accordingly.
Yes, it's possible. Simply call your bank and ask them to increase your limit.
What limit?
Everyone has a limit at the bank for transfers (usually €5,000 to €10,000) and for withdrawals (usually €1,000) as daily limits.
I have no limit on outputs.
… regardless of the account balance. This serves as protection against someone unauthorized emptying the entire account.
If you have the money, of course! Why not?
Of course, but in that case, you sold something – eg, selling a house