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Yeah 500€ notes are pretty useless. Most shops here in Finland don't accept 200€ or 500€ notes at all. Basically any time I've had to use 200€ or 500€ notes th
by doikor 10y ago
Yeah 500€ notes are pretty useless. Most shops here in Finland don't accept 200€ or 500€ notes at all.
Basically any time I've had to use 200€ or 500€ notes they have basically gone quite directly from bank -> my wallet/envelope -> give some guy (buying an used car for example). The same operation could have been done easily with 50€ or 100€ notes. 500€ notes just makes it easier use/harder to spot usage of large amounts of cash. If you are doing it legally you aren't loosing anything by using 20, 50 or 100€ notes.
- dijit 10y agoFWIW: I used to pay my rent in cash to my roommate. (€1,000) and the ATMs happily handed out €500 notes in Finland. But I also like to keep an "emergency fund" of high denomination currency in a spare hidden wallet, in that wallet I have 10x£50, 1x€500 and 10x500SEK. My wallet would be easier to carry if I had just one of each note type instead of 10.
- 77pt77 10y ago> Most shops here in Finland don't accept 200€ or 500€ notes at all. Is this legal? I ask because usually they have to accept them by law but can refuse change or something like that.
- aninhumer 10y agoI don't think that anywhere requires particular denominations to be accepted by law. If you're referring to "legal tender" laws, or similar, that's to do with settlement of debts.
- 77pt77 10y agoSeveral countries in Europe undoubtedly require businesses to accept all denominations of euros with the qualification of denying change (for obvious reasons, try paying 10EUR with a 500EUR bill). Some places limit the number of coins you can use (there were people paying fines with hundreds of coins).