ATM’s in the Netherlands cap at 50€ (so any higher denomination must be requested at the bank), due to people using contactless payments frequently there’s less incentive for cash. Even then, why did the EU decide to print 100€ or 200€ notes (forget about a 500€ note as they’ve stopped printing more since 2019 but it is still legal tender). Stores refuse to accept a 200€ note for a 150€ purchase, why do these denominations exist?
Because other countries handle that differently than the Netherlands?
e.g. In Austria a not insignificant part of people exclusively do transactions in cash (think of that what you will). There even was a push to anchor cash payment is the constitution, so removing 100/200€ notes is not even on the table
Same in Germany. Lots of people avoid digital transactions and almost exclusively pay in cash. It’s always weird for me to see huge lines at the cashier while the self checkout is completely empty.
My kind of people, cash is king.
In Switzerland we have self checkouts that take cash.
In Germany too and I always found them strange. At least at our closest supermarket they recently got phased out and replaced with cashless self checkouts.
I have a 200€ (& 500€) note, but stores hesitate to accept either due to fears of being a counterfeit. Jobs don’t pay in cash anymore (as salaries are given via bank transfer), you can withdraw either by heading to a bank (in person) requesting higher denominations since most ATMs cap at 50-100€ depending on the country.
Which bank in NL can you actually go into a branch in person and withdraw cash? Because I would like to switch to that bank.
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