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EUR prepaid debit cards: New regulations June 26.
by
warnerbunny
on
19/06/2017, 13:27:18 UTC
Due to the 4th Money Laundering Directive (4MLD), which will take force on June 26, 2017,
unverified
prepaid debit cards will have much lower allowed limits:
The maximum amount stored electronically cans not exceed EUR 250
The maximum withdrawal at one time is EUR 100
http://www.reuters.com/article/us-eu-security-financing-idUSKCN0ZL1RH
http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=OJ:JOL_2015_141_R_0003&from=EN&utm_source=Users&utm_campaign=2b6c0e1922-important_note_card_limits_2017_06_15&utm_medium=email&utm_term=0_03ca4e9bf7-2b6c0e1922-94241633
So better verify your card before the new rules start in one week from now.