How much cash can a business in Albania withdraw from the bank?

Businesses in Albania can withdraw up to 500,000 ALL per day from their bank accounts. Withdrawals exceeding this threshold are subject to additional reporting requirements.

For amounts exceeding the 500,000 ALL daily limit, businesses are required to:

Provide documentation justifying the need for cash (e.g., payroll, supplier payments).

Report the purpose of the withdrawal in compliance with anti-money laundering (AML) laws.

Legal Framework

Law on Cash Transactions limits high-value cash usage to encourage transparency in financial operations and reduce informal economy activities.

Anti-Money Laundering Law, Imposes stricter monitoring and reporting for transactions above 10,000 EUR or equivalent in ALL.

Bank of Albania regulations enforces these limits to align with the national strategy for digital and transparent financial practices.

Exceeding the cash withdrawal limit without proper justification can result in penalties or investigations by the General Directorate of Taxation or other regulatory bodies.

This limit aims to promote transparency, combat tax evasion, and align with international financial standards.