When you go to the ATM... (credit card, how much, college)
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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.
lol ATM in Italy is Agenzia Trasporti Milano (the society which runs public transports in Milan).
Back in topic, I usually get 50 € in banknotes of 5 or 10€, rarely 20€ and even more seldom an entire one by 50€.
Obviously, I retire much more when I have higher expenses to do.
I rarely withdraw cash. Maybe 2-3 times per year here in Norway. Debit and credit cards are accepted almost anywhere. It is a different story when I am abroad, though.
200 NOK (33 USD / 24 EUR / 20 GBP) is usually the smallest denomination available here.
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 take out 200,000pesos which is 400 USD. It comes in denominations of 10,000 pesos. Very rarely do I have to do this. Only if I accidentally forget my cash at home.
ATMs are ubiquitous, there is no withdrawal fee and I don't really need much money for a day. So I usually get ~20€ in 10€ notes per withdrawal. I sometimes get 20€ notes, 50€ notes are also pretty standard.
The withdrawal limit seems to be 9,999 NOK (1,666 USD) per day here i Norway. Maximum (includes card usage): 100,000 NOK (16,666 USD) over a 4-day period.
OT: This must be the perfect ATM receipt. Balance: $99,864,731.94 . It belonged to a hedge fund manager.
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.
In Canada ( Bank Machine was the original term, but ATM is taking over ) if I take out $100 it gives me 5 20's. If I take out $200, I get 2 50's and 5 20's, although sometimes it's 2 50's, 4 20's and 2 10's.
This may depend on which banking institution I'm using.
I have been using bank machines since they first came out. I don't remember a minimum, although there had to be one, but I do remember the receipt wasn't the flimsy paper it is now, but a print out, typed, on fairly substantial paper.
Some ATM machines in bodegas and chinese corner take-outs dispense $10s. The ATMs at Casinos dispense only $100s haha.
Quote:
Originally Posted by jtur88
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'm not so sure that's true, especially the bolded.
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