I find that a $20 bill just doesn't cut it anymore with inflation the way it's been over the last few years. I've resorted to carrying $50's. ATM's need to catch up.
I have not carried many bills since the wide acceptance of debit cards. But I do have a boat load of thermal paper receipts in my wallet! Steve
With teenagers in the house, I would rather carry $5's and $10's to hand out when they want to go to the movies.....let them see a $50, and they think you're Donald Trump. In 1979 the inflation rate was 11.22%, in 1980 it was 13.58%, in 1981 it was 10.35%....lately it's been, in 2008 it was 3.85%, in 2009 it was negative (-0.34%), and in 2010 it was only 1.64%. My wish would be to be able to tell the ATM what denominations to dispense...........I do however believe that 50 years old is the new 40.
Problem with 50's is nobody takes them, at least here. Seems every convenience store or fast food place has signs saying nothing over 20 dollar bills accepted. Usually, if I need anything that costs over $20 I use my debit card anyways. Guy
$50s and $100s are harder to get rid of at a lot of stores unless you are making large purchases. But I do wish ATMs would let you have the option of what bills you would want (say $10 notes and up)
I'm in the same boat. Nobody will take them. And those you do, take out one of those counterfiet markers and scribble all over it...which I think is kind of funny. I love my debit card and don't carry much cash anymore.
Heck. I'm still carrying a fat wallet of 2 dollar bills. Rarely do I have a denomination higher than $20. Usually not more than $10 bills.
Although I can't find a one-dollar coin in this little town, no one has a problem taking 50's! Never have ever used a debit card..or for that matter an ATM machine. Reluctantly tried the self-scan line at the grocery store the other day..IT changed a 50!! Technology.. Lucy
+1. They all say, "We will not accept $50s and $100s due to risk of counterfeits" or something like that on the door. Didn't the BEP just redesign the 50 to make it harder to counterfeit???
Yeah. I think back in the old days (well, at least what is the "old days" to me)...counterfeiting of $50 and $100 was something everyone worried about. That was why those pens were created, to identify bill printed on the wrong kind of paper. But, new bills have a ton of anti-counterfeit measures within them which I think has decreased the risk. Plus the newer generation of counterfeiters began bleaching small denomination bills and using that paper to print higher denomination bills...which fools the markers.
It eats up our change, that is all. A little inconvenience when your first cash transaction of the day is for $9.99 (No sales tax in Oregon, they get us in PLENTY of other ways! ) and a customer hands the cashier a $50 or $100! Steve
Kinda wish we could get other denominations from the ATM as well. As a result, I've come across tons of $20 star notes. I usually only keep the less common runs, and spend the rest....otherwise I'd have a few hundred $20 stars by now. I have $1, $2, $10, $20, $50 and $100 star notes....but not a single $5. Kinda hoping for the first one
Not much of a convenience, rather an in-convenience! Some ATMs in Manhattan and around the tri-state region have been dispensing $50s for while now. Those with the idea for being able to request what denomination notes you get from an ATM withdraw... I love it! Great idea. Incidentally, I've deposited $2 notes in ATM cash deposits in the past. I wonder what, if anything, the clerk who unloaded that machine thought. Probably not many come through the ATM machine.:devil:
The ATM machines in our airport give out $100 bills. Of course, they're completely useless in most of the airport shops for reasons mentioned above. Go figure! Guy
It is kind of dumb how ATM's only dispense $20's and nothing else. $100 bills I have heard have traces of drugs on them.
Right now I have about $50 in $2's in my wallet, about 4 $5's and a couple of $1's. My bank orders the $2's for me and I spend them around town.
I usually buy up whatever $2 bills the bank has on them. Its fun to see people reactions. Usually people are happy or surprised to get them. A wallet full of 2's is a wallet full of joy.
