UKC

£100 note- who knew?

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 toad 17 Sep 2008
Passing Greggs the bakers, they had a sign in the window which said they don't accept £100 (or £50 notes). I haven't seen a £50 in years, never heard of £100 notes!

But I didn't even know the Scots had £100 notes 'till I googled. so, Scots - do you use them? Does anywhere accept them? Given I'd be very wary of a £50, I can't see anyone accepting £100 note
 gingerdave13 17 Sep 2008
In reply to toad: i specifically asked for some £50's the other day - but that was only to wander down the road to exchange into dollars.

i really, really hate having to hand over id at the PO just to use a debit card - when paying by cash you don't need this. I don't see the difference, debit card = cash in my mind.
 The Bantam 17 Sep 2008
In reply to toad:

The hundreds are used in Glasgow a fair bit for high value transactions...
In reply to toad: Apparently there is are £100,000,000 notes in existence but as Wiki says these are rarely used!! http://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling

Just imagine the look on a bus drivers face if you tried to cgange one of them
 Tufas Mum 17 Sep 2008
In reply to toad:

In Spain they have a 500 euro note! I bought the Orange House with a few of them in a plastic bag, and I am not joking!

Sam Orange
 220bpm 17 Sep 2008
In reply to toad: Aye, I've been paid in £100 notes on a few occassions when doing 'homers'.

Nice feeling handing them over inna pub
 cmcteir 17 Sep 2008
In reply to toad: I used to work in a motorbike shop, folks regularly paid for bikes/scooters with wads of £50's and £100's.

Although its been a few years since then.
 gingerdave13 17 Sep 2008
In reply to toad: according to
http://www.bankofengland.co.uk/banknotes/current/index.htm
there aren't 100's in circulation

that can't be right - eh?
 ebygomm 17 Sep 2008
In reply to gingerdave13: marks and spencers told me it was something to do with money laundering laws. I could use a debit card and pick up next day without id but not the same day. Don't understand the difference myself. I just went to the instore cash point and got money out there to change
 gingerdave13 17 Sep 2008
In reply to ebygomm: but then why could you do it with cash - surely that'd be worse as you've no record at all - at least with card you've the acc it came from!

anyway ours is not to reason why..
 davidwright 17 Sep 2008
In reply to gingerdave13:
> (In reply to toad) according to
> http://www.bankofengland.co.uk/banknotes/current/index.htm
> there aren't 100's in circulation
>
> that can't be right - eh?

Thats only the BofE backed notes. The Scotish notes are issued by and backed by individual banks.

BTW do HBOS still issue notes?
 MjrTom 17 Sep 2008
In reply to gingerdave13: Thats the bank of England.

The £100 notes are issued by retail banks under the authority of Parlament not by the bank of england.

http://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling#Royal_Bank_of_...
 gingerdave13 17 Sep 2008
In reply to davidwright: so right you are.. Bank of scotland do a kessock bridge £100 note.
 mullermn 17 Sep 2008
In reply to gingerdave13:

If the money's already in cash it could be that it's already as 'laundered' as it's going to get - ie, it's not traceable back to its origins. When you're withdrawing via debit card you're making the transition from nice traceable digital money to untraceable cash, which would be the objective behind the laundering.

Just idle speculation, but it sounds plausible to me!
 gingerdave13 17 Sep 2008
In reply to mullermn: see i was thinking from dogdy 'fake' UK notes to say nice proper US ones. and then when you feel like it back to 'proper' UK ones..
 SFM 17 Sep 2008
In reply to davidwright:
> (In reply to gingerdave13)
>
>
> BTW do HBOS still issue notes?

not for much longer ....
johnSD 17 Sep 2008
In reply to toad:

I used to try and withdraw my spending money for big scout trips in £100 notes - but the bank never had any in stock. £50 was the biggest I got, and I've still never seen a hunner.

I'd still rather have a wad of 100 pound notes!
 gingerdave13 17 Sep 2008
In reply to SFM: false prophesising perhaps?

in current situation banging on about it might make it happen - and who actually wants to see the collapse of another major bank and our govt having to step in?
 Joe G 17 Sep 2008
In reply to toad:

I worked in a co-op in Leith a few years back, when you're standing at a till all day long a fair amount of money passes your hands, including loads of £1 notes (not surprising for Leith ), the odd £100 note (perhaps a New Town resident..?) and one £5 coin.
 SFM 17 Sep 2008
In reply to gingerdave13:

Err not meaning that all. Last thing I want to see is another bank going under.

They're going to merge with Lloyds by the sounds of it :O)
OP toad 17 Sep 2008
In reply to toad: so it's pretty much an exclusive Scots thing? I was trying to thing of a circumstance where I'd try and use a Scottish £100 buying a white sliced loaf in the English midlands.

I've seen the odd big Euro note, but tbh, I haven't seen enough £50s to spot a dodgy one if I was offered it. I've always been vaguely suprised the bank of England don't make more of an effort with them. Seems a sad state when one of the BoE's main bank notes is only barely legal tender
 Richard Carter 17 Sep 2008
In reply to toad:


I once had a 1000 guilder note in the netherlands

Can't remember how much it was worth, but it was a few hundred pounds.
 Al Evans 17 Sep 2008
In reply to Richard Carter: I went to college with John Todd, who incidently was Marc Bolans cousin, he was the baby in the pram that the Million Dollar note blew into in the film of that name
In reply to toad:

Whatever ammount of money you withdraw from an ATM in Switzerland seems to come out in a single note (up to 1000 CHF - 500 quid).

No one seems to be bothered if you buy a newspaper with a 100 CHF note - compared to the UK where attempting to purchase an evening standard* with a fiver results in a torrent of abuse.

* not something I make a habit of.
 Frank4short 17 Sep 2008
In reply to Tufas Mum:
> In Spain they have a 500 euro note!

I think you'll find we have 50s, 100s, 200s & 500s in all the euro countries. Just certain denominations are more common in some countries than others. Something very satisfying about having a couple of 500 hundred notes, though I'm not sure i'd like to have to carry enough to buy a house with in cash.
 MjrTom 17 Sep 2008
In reply to featuresforfeet: Ah but thats Switzerland. the home of the highest GDP in the world.

I had a couple of 250CHF notes and yes you dont get any abuse when you buy a newspaper or a cup of coffee.
 davidwright 17 Sep 2008
In reply to mullermn:
> (In reply to gingerdave13)
>
> If the money's already in cash it could be that it's already as 'laundered' as it's going to get - ie, it's not traceable back to its origins. When you're withdrawing via debit card you're making the transition from nice traceable digital money to untraceable cash, which would be the objective behind the laundering.
>

Usually the purpose of laundering is to take money obtained from a illegal source and make it look as if it has come from a legal one. So generally the idea is to take dirty cash and turn it into clean traceable digital money. A transaction that appears to be an international cash transfer but isn't is one way of doing that.
 davidwright 17 Sep 2008
In reply to Frank4short:
> (In reply to Tufas Mum)
> [...]
>
> I think you'll find we have 50s, 100s, 200s & 500s in all the euro countries. Just certain denominations are more common in some countries than others. Something very satisfying about having a couple of 500 hundred notes, though I'm not sure i'd like to have to carry enough to buy a house with in cash.

Some dodgy types in the CIA and the US treasury department thought this was an attempt to undermine the value of the US dollar by moving the worlds black ecconomy into euros..
feepole 17 Sep 2008
In reply to toad:

I used to play in a celidh band in Glasgow. On Hogmanay 2000 all the bands were charging an absolute fortune cos everyone wanted a hooly.

As a 4-piece band we got £2000 for playing from 10pm - 11pm in Paisley city centre. We were back in home in Glasgow in time for the bells, with £500 each in our pockets - Brillant!

Only problem was we were paid in £100 notes. I woke up teh next day hungover and hungry, every cash machine in teh city was empty and my money was worthless for 3 days until the banks opened. ARGHH!
 Dave 17 Sep 2008
> (In reply to toad)
>
> Whatever ammount of money you withdraw from an ATM in Switzerland seems to come out in a single note (up to 1000 CHF - 500 quid).

I bought my first car with nine 1000 CHF notes. It seemed a very small amount of paper for big lump of metal...


 Frank4short 17 Sep 2008
In reply to davidwright:

> Some dodgy types in the CIA and the US treasury department thought this was an attempt to undermine the value of the US dollar by moving the worlds black ecconomy into euros..

I think it's already happened or atleast is happening. More as a result of the US's bad economic policy in recent years than anything untoward or magical the euro zone have been doing. Hey even JayZ was waving a wad of high denomination euro notes in one of his recent videos. As sure a sign as any the dollar is on it's way out as the worlds premier hard currency when american rappers are using a foreign currency for their show wads. Anyway it's only a matter of time before OPEC switches to euros. Then the yanks are really screwed.
 Deri Jones 17 Sep 2008
In reply to MjrTom:
> I had a couple of 250CHF notes and yes you dont get any abuse when you buy a newspaper or a cup of coffee.
Yup - taking out 400CHF (£200 at the mo) of the cash machine and it only gives you two notes - I haven't dared look at my account since I came back!
Switzerland is expensive again!
Anglesey Pete 17 Sep 2008
In reply to Frank4short:

> I think it's already happened or atleast is happening. Anyway it's only a matter of time before OPEC switches to euros. Then the yanks are really screwed.

Shame we kept the pound then!
In reply to toad:

I had to buy a birthday card the other day when I'd just been paid and all I had was a £50 note. The shop keeper gave me a look so I said "I'm really sorry, I haven't got anything smaller". Dammit, you feel like a complete t*sser saying that but it was true.
In reply to Frank4short:

> Anyway it's only a matter of time before OPEC switches to euros. Then the yanks are really screwed.

I'm sure I read somewhere that they were about to do that and that was a major catalyst for Baby Bush starting the Iraq war. Not expressing an opinion btw, just something I read.


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