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Almost all ATMs locally (in northern Minnesota) dispense exclusively $20 bills, I believe, so you have to enter a multiple of 20. A few also dispense $10 bills, but those are rare. I've never seen an ATM dispense a $50 or $100 bill (known as a "Benjamin").
As for the ones in Spain (where I regularly used the ATM), I can't remember clearly, but I believe it was 20s as well (then 20 EUR equaled $32!)
The ones in Mexico seemed to be more sophisticated. The smallest denomination they furnished was N$50 (equal to a little over $4). Interestingly, if you use a 50 peso bill to pay for 7.50 peso soft drink, expect an annoyed teller or a 13 peso taco, expect an annoyed teller! I was dying of thirst in Merida and the smallest bill I had was worth N$50, and even the teller at the 7-11 right at the central plaza would not accept it!
I only take out cash for poker so then its 60 euros and it comes in 20 euro notes. I think the minimum is a tenner though not sure, haven't taken cash out in ages. I remember when I was in Uni in England and there was one cashpoint on campus that gave out fivers as the minimum which was perfect for us poor students
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.
Oh crap, I have some 500 euro notes that I need to use for food shopping next month and now I don't want to use them in case people think I'm a criminal
Oh crap, I have some 500 euro notes that I need to use for food shopping next month and now I don't want to use them in case people think I'm a criminal
ATMs have cassettes that hold all of the cash. Most ATMs can hold 2,3 or 4 cassettes. Depending on the location, the amount of money used and amount of use, can determine the number of cassettes and the denominations of the bills.
For example, a ATM that has very little use may only have 2 cassettes 1 with 5's and 1 with 20's. Another ATM that has a lot of use and is routinely running out of a denomination (either 20's or 5's) may have another cassette added (if possible) of the denomination that is running out. Or it may be switched to all 20's for example.
Another criteria is called "cost of funds". A financial institution has to draw a fine line between putting a lot of money in the ATM, losing out on any interest on those funds, and not putting much money in and having to pay to have the money put in the ATM more often.
Many FIs have researched on the amount of cash on average an ATM goes through and what denominations are the most in demand.
I don't like carrying cash. Its not even that it can be stolen, you can easily lose it.
How often do you lose money? I can't remember ever losing any paper money in 60 years of carrying money around. If I am carrying a hundred dollars around in my pocket, I can assure, I will not lose it. And I always have at least $100 in my pocket, even though I always use a credit card, and it takes me several months to spend $100 in cash..
I lost a 20 out of my back pocket, well briefly lost it, someone picked it up and gave it back to me.
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