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The best way to get rid of Euro notes is to exchange them with someone who is going to Euroland.
That's always been the best way. Look up the mid rate, use that, and you are both better off.
PS I used to do this all the time when I had colleagues that were paid in Sterling (which I needed) and I was paid in local currency (which they needed).
The 500 euro note is bonkers. Money Laundering would probably be the least of your worries, a fake note is probably more likely!
I agree.
I go into a sweat when an ATM gives me anything above a 50€.
Properly because the UK is flooded with loads of fake notes and coinage, and I don't want problems with fake money in a country where I don't speak the language at all or properly.
I always try and pay with my debit (Metrobank) or credit (Nationwide) in Euroland.
The best way to get rid of Euro notes is to exchange them with someone who is going to Euroland.
After happily paying for expenses in Europe using 500 Euro notes, I returned to the UK only to find the it is almost impossible to exchange them for Sterling because of “money laundering regulations” . Some Banks will accept them but they require a copy of the passport, a form to be filled in and a £30 charge per note! No wonder the Fuc£ing country is going down the drain.
The 500 euro note is bonkers. Money Laundering would probably be the least of your worries, a fake note is probably more likely!
There were loads of fake ones going round at home last year, lots of fellas refusing to have them in their wages etc.
After happily paying for expenses in Europe using 500 Euro notes, I returned to the UK only to find the it is almost impossible to exchange them for Sterling because of “money laundering regulations” . Some Banks will accept them but they require a copy of the passport, a form to be filled in and a £30 charge per note! No wonder the Fuc£ing country is going down the drain.
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