I know that the 500€ bill ceases to exist on the new series of bank notes (as they capped it at 200€) but those who possess the older series with that denomination can still use it as legal tender, but is it that common for Europeans to have a 200€ bill in their wallet? I’ve heard as to why they ceased on printing 500€ is mainly relating to both criminal activity or money laundering as that denomation has been abused as such.

200€ is the second highest one, although the older 500€ bill is no longer in circulation. Do ATM’s disperse either 500 & 200€ bills regarding cash withdrawals within that amount or do they just give that amount in smaller denominations equating to that much (like consisting of 20, 50 or 100€ bills)? If ATM’s don’t just give out a 200€ bill when withdrawing that much or more, does one have to visit a bank (branch) to get one?

  • cageythree@lemmy.mlEnglish
    10·
    1 day ago

    Will electronic stores accept either 100 or 200€ bills when purchasing an iPhone for 1500€ upon paying in cash?

    Having worked in one - yes, it’s no problem at all. If it’s too much (I think 3k was the threshold), a manager has to come and do a second run in the counterfeit detection machine, so it might take a while.
    (Answering for Germany though, might be different in France)