Minimum cash withdrawal from cash machine

Just thought I’d see when I last actually used an ATM…

That’s probably the last time I used my card too, all my payments have been Google Pay or online this year.

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I think you mean it’s only giving you the options for £50, etc… this is something I’ve only encountered with Monzo is that by default the cash machine always suggests £50 as the lowest but I always just press “other” then can type £10,20,30 etc

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I love the €50 notes - much better and less change to handle!

Until you use it and end up with a load of change :rofl:

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You can at least use €50 notes usually.

Places are so apprehensive about taking £50 notes. When I worked at Pret at a main train station, so many tourists would turn up and pay for a £2 coffee with a £50 note and I’d see a wad of them in their wallets and have to recommend that they go change those into smaller notes as soon as they could.

(And not flash them about!)

I’d been one of those tourists before. One time a couple years back when I was on my way out of China I’d exchanged my remaining Chinese currency at a bank to pounds for my onward journey and they gave me mostly 50s. I got a few 5s and 10s which they said they’d just taken in from someone returning from a UK holiday otherwise they wouldn’t have had them available.

I’ve never seen a £50 note in my life

I managed to avoid cash when I went to france last year by just only using places that took card and took 40 euro out for my taxi to the airport in 20 euro notes.

Large notes in the eurozone are down to Germany still being a very cash based soceity so the 50 is seen as normal.

Not really. Any small change is for the kids & smaller notes for and small purchases.
I use card mostly now abroad but up to last year would only take €50 notes.
Found it worked out really well for a family of four.

Yeah no problems using €50 note unlike the £50 one.
I really don’t know why we don’t embrace it?

Less of an issue for me though as mostly Apple Pay for me.
Today only has to use £4 in cash for 2p slots for kids to play. Everything else was Apple Pay.

The £50 note is relatively easy to forge, and generally people who have fraudulent notes will use them for lower value purchases which get them a lot of change which is legitimate and therefore the business loses out big time.

In my last job we refused to accept £50 notes as a policy with staff able to show discretion - however if the note was fraudulent then the cost was on you. My old conductor had previously worked in a casino so she had no problem identifying the fraudulent ones, so new Chinese students used to seek her out because they knew she’d accept them. They’d all move to Sheffield with cash they’d presumably changed before leaving China and would have wallets full of £50 notes!

The risk to a business is just too great for them to be widely accepted.

A lot of shops here won’t take €50 notes because there are so many forgeries

Come to think of it, I wonder why the £50 wasn’t the first to go polymer. There seems to be fewer of them going around so that if issues arise in the printing process they’d be easier to catch and rectify, and the need for a more secure note is more immediate since there’s a major counterfeiting problem to the point that stores are refusing them.

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Press OTHER and type in an Amount. I’ve gotten £5 out of an atm once

They issued a new series and withdrew the old one less than 10 years ago, possibly due to counterfeiting concerns. I imagine this was right before they decided to go polymer :sweat_smile: just wasn’t meant to be

I always get £5 out when I need cash

Most machines round here carry them but I know in alot of places they only have 10’s and maybe 20’s

I get £15 out for barbers due to them making it £10.50 most recently to cover covid costs. (annoying as I have £4.50 change I end up using in vending machines to buy stuff I would not otherwise buy at work)

I know of only 1 machine locally that has £5 notes. Apparently we don’t need such small change on the southern borders of London (which is densely populated with a lot of cash machines) :frowning:

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Don’t even start on 500 Euro notes

You seen that 1000 note?

Mostly the atm we use is at the hospital where I’m a student nurse at and it gives £5 mostly of people want food as that’s what I use it for since they make us pay for it our selves:((((

£50 notes are actually still fairly common amongst some demographics but we don’t want them to be!

The main reason they are slowly dying is they’re not accepted in a lot of places - because frankly they are an absolute pain for a lot of businesses.The risk of forgery has always been higher with a £50 than a £20: there are more fake £50 (as a percentage) and also people are less familiar with them (so more likely to be caught out). They burn though all your change and then there’s the theft/loss risks of having that much value in one note.

In short we hate them. Be a good customer and never use a £50 for your £2.50 latte… :pray: