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Old 04-08-2014, 01:05 PM
 
Location: Viña del Mar, Chile
16,416 posts, read 25,200,334 times
Reputation: 16464

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Quote:
Originally Posted by jtur88 View Post
In the USA, $500 is usually the withdrawal limit, a few are higher, and some in bank lobbies are lower, to discourage non-accountholders from using them.

I never take less than $500, because the fee is the same no matter how much I take. It is always 20s, but a few machines in ghettos also give tens. Then I have to go to the teller anyway, to change the wad of 20s into 100s, and they often don't even have any 100s at the teller windows.

In America, a $100 bill is a rare and suspicious piece of paper, that many stores (such as gas stations) refuse to accept, even a few years ago when it cost nearly $100 to fill up a SUV, you still had to pay in 20s. A $50 bill is even rarer, most people have never seen one.
I walk around with 50s all the time. I don't think a 50 dollar bill or 100 dollar bill is all that uncommon. Most people don't use them in their day to day activities because it doesn't make much sense to leave the house with a 100 dollar bill to buy a loaf of bread.
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Old 04-08-2014, 01:12 PM
 
Location: San Francisco
9,033 posts, read 8,373,621 times
Reputation: 5652
Quote:
Originally Posted by burgler09 View Post
I walk around with 50s all the time. I don't think a 50 dollar bill or 100 dollar bill is all that uncommon.
In 2012, the US Bureau of Engraving and Printing produced banknotes in the following amounts (numbers refer to the actual number of notes printed, not their face value):

$1 - 2 billion
$2 - 134 million (in most years, they don't print any)
$5 - 730 million
$10 - 653 million
$20 - 1.57 billion
$50 - 246 million
$100 - 3 billion (note that this is a huge increase from 2011, when they printed only 723 million of them... maybe the new design is responsible?)

So the $50 is the second-rarest of the 'small' bills. Only the $2 bill is rarer.

I don't know where all those $100 bills are... Certainly not in my pocket. Drug dealers?
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Old 04-08-2014, 01:28 PM
 
Location: Oslo, NO
5,038 posts, read 5,516,954 times
Reputation: 3806
Quote:
Originally Posted by pch1013 View Post
I don't know where all those $100 bills are... Certainly not in my pocket. Drug dealers?
Most likely. I have read that the €500 note is very popular among criminals in Europe. I visited The Casino de Monte-Carlo some years ago. A male gambler had a wallet full of €500 notes.

During Crisis the €500 Note, Beloved by Criminals, Saved the Day
Tough times for the 500-euro note
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Old 04-08-2014, 01:40 PM
 
1,561 posts, read 1,366,579 times
Reputation: 1952
Quote:
Originally Posted by pch1013 View Post
We have one of your old trams here in San Francisco. It has "USCITA" signs and everything.

http://3.bp.blogspot.com/-IXFjAyGcLK...+tram+SF+2.jpg
That's amazing lol
It still has the coat of arms of the city of Milan.
Is it used for public transport?
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Old 04-08-2014, 01:52 PM
 
Location: Finland
24,268 posts, read 17,510,732 times
Reputation: 11103
20€ is the smallest note and amount that can be withdrawn, and many ATM's have only 20's and not 50's at all. There were some machines that gave out 10's, but they didn't turn out to be successful.

So I usually take 40 or 60€. The withdrawing fee is always 50c, so better to take a bit more, but on the other hand I don't want to go around with a lot of cash.

200 and 500€ bills are totally useless if encountered somewhere, as it is hard to get rid of them. Many stores don't accept them at all.
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Old 04-08-2014, 01:54 PM
 
11,686 posts, read 13,078,672 times
Reputation: 30973
I usually take out 200 euros at a clip from the MultiBanco machine. The notes are a mix of 20s and tens. Once in a blue moon, like last week, when I only took 150 euros out, and the machine spit out three 50s, which is like having a handful of used toilet paper if you are not making a large purchase, and only rarely am I....so I had to go to the balcão and get the 50s changed into denominations I could use.

Normally if you take 150 euros, it is still a mix of twenties and tens.
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Old 04-08-2014, 02:08 PM
 
Location: San Francisco
9,033 posts, read 8,373,621 times
Reputation: 5652
Quote:
Originally Posted by xander.XVII View Post
That's amazing lol
It still has the coat of arms of the city of Milan.
Is it used for public transport?
Yes, it's one of a group of antique streetcars from various cities (mostly in the US) that travel along a line that is often used by tourists. But they are definitely a part of the regular municipal transport system.
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Old 04-08-2014, 02:14 PM
 
1,561 posts, read 1,366,579 times
Reputation: 1952
Quote:
Originally Posted by pch1013 View Post
Yes, it's one of a group of antique streetcars from various cities (mostly in the US) that travel along a line that is often used by tourists. But they are definitely a part of the regular municipal transport system.
Wow, that's interesting.
We learn something new everyday.
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Old 04-08-2014, 02:18 PM
 
Location: North West Northern Ireland.
20,695 posts, read 18,578,689 times
Reputation: 3107
Quote:
Originally Posted by pch1013 View Post
or cash machine, cash point, etc., how much cash do you usually withdraw, and in what denominations?

I usually get $100, always in $20 bills. It seems that ATMs in the US don't dispense any other denomination, at least not that I've seen at any time during the past ~25 years. I do remember that when I was in college, the ATM would dispense a minimum of $5, but that was a LONG time ago.

When I lived in Europe (NL and Belgium), it was usually two €50 notes. I always found it strange that $50 bills are so rare in the US while €50 notes are so ubiquitous in Europe, even though they're worth more.
I don't use them much. I just use my card.

Usually its about 20-140 pounds and we don't use £50 notes. Infact I have never seen one. We have £5, £10 and £20
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Old 04-08-2014, 02:18 PM
 
Location: New York City
4,036 posts, read 8,646,884 times
Reputation: 3699
I pay my rent in cash from ATMs that issue $50s and $100s. If I’m getting pocket money, I never take out more than $200, which comes in $20s. However, if I take out $1,500 for rent, it comes in larger bills. Note: this is only from the ATMs in bank lobbies, which have much high limits, at least in New York.
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