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?
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).