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?
In which country? That sounds very strict. In Germany for instance you can buy anything you want with cash, you just have to show your ID and document the origin of the cash above 10.000€
I thought it was EU law but apparently it depends on the country. It’s 3000 in Netherlands, Belgium, Portugal and other countries have other limits. But it’s not surprising this is not a thing in Germany, they really try to push for cash