FlyerTalk Forums - View Single Post - USA EMV cards: Availability, Q&A (Chip & PIN -or- Chip & Signature) [2012-2015]
Old Mar 31, 2014, 1:27 pm
  #3805  
joshwex90
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Originally Posted by othermike27
Well, my limited experience says you'll wind up with some €100 and €50 notes from whatever ATM you hit, and that many merchants will look unhappy if you wave a €50 or even a €20 at them. As others suggested, most seem to prefer a payment that requires the least amount of change from them. I try to arrange my purchases with this in mind where possible, and to go out of my way to break larger bills at hotel desks or other places on the tourist main stem that are more accommodating.

A good tip (from Rick Steves' guidebooks) is to draw an "odd" amount, forcing the ATM to give you at least a few small bills. For example, my bank lets me draw a maximum of $500 per day per card. Also, most ATMs seem to want to dispense amounts that are multiples of €20. So, if the exchange rate is €1 = $1.35, I can draw 500/1.35 ~ €370 at a time. Round down to nearest 20-multiple (or up, depending on the bank's leniency with the exchange rate), and ask the ATM for €360. You'll at least get €60 in smaller notes to work with until you get back to your hotel.

Or, since you are in Paris, just eat at nice restaurants, which should help you work down any surplus of large notes you might have. I recommend the Cafe de la Paix, right across from Opera Garnier. You can dine sumptuously, imagine yourself hobnobbing with the famous great thinkers and literary persons who used to frequent the cafe, and keep an eye out for the phantom across the street. And you may be sure that your stack of €100's will soon be reduced to a more manageable size, n'est-ce pas?
Or, as long as you're not charged per ATM withdrawal, withdraw €20, 10 times!

Originally Posted by dgcom
Strange article. Are they really criminalize having cash in Germany?
Is this a true statement?

What is considered "large" amount?

Oh, and this is so stupid:

Criminals would know about this before some officials will do...
That's the law in Israel as well. Money changers are legally required to ask people why they are changing large sums of cash.
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