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?
But, can you visit a bank enquiring if they stockpile that denomination? (Same with 200 or 500€ bills) Like, “can I withdraw 5000€ in cash from my account consisting of only 100 & 200€ bills?”
Yes, that you can. These banknotes do exist and go around. But there’s the unpractibility and the stigma of crime around them.
Usually yes. Depending on the country that might land you a police list though.
Also depending on the amount. I’ve also heard something about the amount being registered but the amount itself not even being the thing that is most suspect: frequency of a similar amount is what actually is the biggest red flag (so once 20.000 would be less suspect as taking 4.000 5 days in a row or every 60 days or something like that).