Can I deposit 500 Euro banknotes at bank in Netherlands?

1 Answer. You should have left the money in your bank account and have gotten it transfered when you have your Dutch bank account opened, without ever touching the money. But yes, you can pay in €500 notes, certainly into your own bank account.

1. Where can I change 500 euro banknotes?
2. Can I use 500 euro note in Europe?
3. How much money can you put in your bank?
4. Can I deposit cash from any bank?
5. Is 500 euro note still legal tender?
6. Do banks accept 500 euro notes?
7. What can I do with 500 euro notes?
8. Is there a 500 euro bill?
9. How do you check a 500 euro note?
10. Will the bank ask where you got money?
11. Can I deposit 50000 cash in bank?
12. Where do millionaires keep their money?

Where can I change 500 euro banknotes?

Like all denominations of euro banknotes, the €500 note will always retain its value and can be exchanged at a national central bank of the euro area at any time.

Can I use 500 euro note in Europe?

Yes. The old Euro banknotes from the First Series still remain legal tender. ... Both types of Euro banknotes circulate alongside each other in the Euro-zone. The 500-euro banknote also remains legal tender, but it is more difficult to spend them, as most vendors in the Euro-zone don't accept €500 notes for payments.

How much money can you put in your bank?

If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transactions for banks and financial institutions are set by the Bank Secrecy Act, also known as the Currency and Foreign Transactions Reporting Act.

Can I deposit cash from any bank?

Soon, you can deposit cash at any bank branch, ATM.

Is 500 euro note still legal tender?

500 Euro banknotes are taken out of circulation

Since the beginning of 2018, the European Central Bank has stopped issuing the Euro 500 currency note. This is because of the high value of the Euro 500 bill. In fact, it is the most valuable banknote in the world.

Do banks accept 500 euro notes?

Circulating 500-euro notes remain legal tender and can continue to be used as a means of payment and store of value until further notice. Banks, bureaux de change and other commercial parties can keep recirculating the existing notes.

What can I do with 500 euro notes?

Most high-street Banks will accept €500 notes from customers with accounts at that Bank, on the basis that if there are any problems with the notes they know where you live. Some bureaux de change will also change them.

Is there a 500 euro bill?

The 500 euro is not being canceled entirely. Eurozone banks will continue to accept it as legal tender. As of June, there's a little over 480 million of them still in circulation.

How do you check a 500 euro note?

The security thread is embedded in the banknote paper. Hold the 500 Euro note against the light - the thread will appear as a dark stripe. The word "EURO" and the value can be seen in tiny letters on the stripe. Hold the note against the light.

Will the bank ask where you got money?

Yes they are legally entitled to ask how you got it in case you are evading tax. It is also part of the EC Money Laundering Laws. It is a requirement that banks ask.

Can I deposit 50000 cash in bank?

The Bank Secrecy Act is officially called the Currency and Foreign Transactions Reporting Act, started in 1970. It states that banks must report any deposits (and withdrawals, for that matter) that they receive over $10,000 to the Internal Revenue Service. For this, they'll fill out IRS Form 8300.

Where do millionaires keep their money?

Millionaires put their money in a variety of places, including their primary residence, mutual funds, stocks and retirement accounts. Millionaires focus on putting their money where it is going to grow. They are careful not to put a large amount of money into items that will depreciate.