How can I send money illegally?
Anonymous transfer: what works and what doesn't
Data protection has been a top priority for some time, especially since cybercrime has become more and more common. Bank data is often spied on and misappropriated.
In the event of this misuse of data, the common citizen then definitely wants to make transfers anonymously, so that almost no one receives their account data.
Another reason for an anonymous transfer, however, is to wash money back in. That means, for example, transferring untaxed money from a foreign account to Germany without the sender showing their name and account details during the transfer. But is such an anonymous transfer even possible?
Anonymous transfer via online banking?
Transfer money anonymously from one account to the other without revealing my identity. Many non-taxpayers would like that. In practice, however, this is not possible in online banking.
Because the financial institutions have to check the account number and bank code when transferring money. In addition, banks in Germany are obliged to state the name of the sender when making the transfer.
Hans Eichel had already imposed the whole thing on the German banks in 2003. However, anyone who had managed untaxed money abroad, for example to Switzerland, was able to transfer it back to Germany via an anonymous transfer until a few years ago.
This washed away the money. As the sender, the Swiss bank only entered its name and the purpose "on behalf of our customer". It was not clear where the money was coming from and the tax authorities had no legal right to collect their taxes. But now all banks in the EU have to reject and return such anonymous transfers.
The classic way - cash deposit
If you want to make an anonymous transfer to provide your brother or grandson with money, you can do this with a cash deposit. All he has to do is go to the beneficiary's bank and have the money deposited into the recipient's account.
He is not obliged to provide information about himself for smaller amounts. However, as soon as a one-time cash deposit of over 15,000 euros is made, the institutes are obliged to ask the payer for his identity and to write this down. This is to prevent the possibility of money laundering.
Transfer anonymously when paying
Online shopping usually entails having to provide account details. It is now also possible to shop online without revealing your data.
The amount of money is transferred anonymously accordingly. This is possible with the help of a type of prepaid card or e-money (electronic money), which can be used to transfer money anonymously online.
Such a card - the “Paysafecard” - was developed with the support of the EU. Users can purchase this card for different amounts at more than 400,000 sales outlets, up to a maximum of 100 euros. The user receives a 16-digit PIN for this purpose.
The user then specifies this when paying in all participating online shops and does not have to disclose any personal data.
The direct anonymous transfer of money from your own account to another is only legally possible via the cash deposit and only up to a certain maximum rate.
On the other hand, paying in online shops with so-called prepaid cards is becoming more and more anonymous. Because personal data is not disclosed.
The duration of a transfer within Europe is limited to 1, 2 and for foreign currencies 4 days. But the time often depends on other factors. > read more
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