Euro questions
Aug 19th 2002, 3:25 pm
#31
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Posts: n/a
Re: Euro questions
"devil" <[email protected]> schreef in bericht news:[email protected]...
> Sjoerd wrote:
> > they'd
> >
> >>>just have to live with it
> >>
> >>I once used a 500 Euro note to pay gas. They had never seen one before.
> >>
> >>Now, what could they have done except accepting it? Let me off without paying?
> >
> >
> > Many shops and gas stations display stickers saying that 500 euro notes
are
> > not accepted. They?ll tell you to change the note at a bank.
> So I'll drive to the bank?
> Will they expect me to drive back, really?
No, they expect you to walk to the bank while they keep your car as collateral.
> :-)
> Are these notes legal tender, or not? They can put whatever sign they want. But
> are they leagally in a position to enforce it?
Yep, as long as they tell the customer what they will and what they won't accept.
Sjoerd
> Sjoerd wrote:
> > they'd
> >
> >>>just have to live with it
> >>
> >>I once used a 500 Euro note to pay gas. They had never seen one before.
> >>
> >>Now, what could they have done except accepting it? Let me off without paying?
> >
> >
> > Many shops and gas stations display stickers saying that 500 euro notes
are
> > not accepted. They?ll tell you to change the note at a bank.
> So I'll drive to the bank?
> Will they expect me to drive back, really?
No, they expect you to walk to the bank while they keep your car as collateral.
> :-)
> Are these notes legal tender, or not? They can put whatever sign they want. But
> are they leagally in a position to enforce it?
Yep, as long as they tell the customer what they will and what they won't accept.
Sjoerd
Aug 19th 2002, 5:18 pm
#32
Guest
Posts: n/a
Re: Euro questions
On 19 Aug 2002 09:07:42 GMT, greg byshenk <[email protected]> wrote:
>Barbara Vaughan <[email protected]> wrote:
>> The Oik wrote:
>> > Really? I question this because some of my cards have a GBP500 / day limit, but
>> > most UK machines have a GBP250 / transaction limit, BUT I can use the same card,
>> > twice, at the 'same' time, to get GBP500. Is this not the same / similar in
>> > Italy??
>> I can only get 250 euro daily with my card. Maybe that's a limit imposed by my
>> bank, which I could get raised. I haven't enquired.
>There are two different types of limits, I believe. First, there is the "daily
>total withdrawal limit", which is set by your bank, and which may be changeable on
>request. If your bank sets a limit of EUR250 per day, then you cannot withdraw more
>than that amount per calendar day (however your bank counts the calendar).
You've raised, and begged, an interesting question: just what does EUR250 (or USD300)
per day mean? Is it really per calendar day, or is it per 24 hours? Can I really
withdraw 250 at 23:59 and another 250 at
00:01? And whose calendar day? If my bank is one time zone east from the machine does
my withdrawal day end at 23:00 local time?
************ DAVE HATUNEN ([email protected]) ***********
* Tucson Arizona, out where the cacti grow * ******* My typos are
intentional copyright traps ******
>Barbara Vaughan <[email protected]> wrote:
>> The Oik wrote:
>> > Really? I question this because some of my cards have a GBP500 / day limit, but
>> > most UK machines have a GBP250 / transaction limit, BUT I can use the same card,
>> > twice, at the 'same' time, to get GBP500. Is this not the same / similar in
>> > Italy??
>> I can only get 250 euro daily with my card. Maybe that's a limit imposed by my
>> bank, which I could get raised. I haven't enquired.
>There are two different types of limits, I believe. First, there is the "daily
>total withdrawal limit", which is set by your bank, and which may be changeable on
>request. If your bank sets a limit of EUR250 per day, then you cannot withdraw more
>than that amount per calendar day (however your bank counts the calendar).
You've raised, and begged, an interesting question: just what does EUR250 (or USD300)
per day mean? Is it really per calendar day, or is it per 24 hours? Can I really
withdraw 250 at 23:59 and another 250 at
00:01? And whose calendar day? If my bank is one time zone east from the machine does
my withdrawal day end at 23:00 local time?
************ DAVE HATUNEN ([email protected]) ***********
* Tucson Arizona, out where the cacti grow * ******* My typos are
intentional copyright traps ******
Aug 19th 2002, 5:22 pm
#33
Guest
Posts: n/a
Re: Euro questions
The Oik wrote in message <[email protected]>.. .
>(the following assumes a shared language, but..) why not just explain that you will
>get it from an ATM when you get there, and if the (or 'a') network is down, the
>guy will either a: have to wait, or b: point you to a different flavour of ATM? If
>people want cash, then they have to understand that some hassle goes with that,
>dont they??
I have no reason to assume that the owner speaks English, and my Italian probably
wouldn't be up to it. If I book an apartment where the clearly-stated condition is
that I pay cash on arrival, then I should accept those conditions or go elsewhere.
It's my choice and therefore my responsibility to comply.
--
kathie
>(the following assumes a shared language, but..) why not just explain that you will
>get it from an ATM when you get there, and if the (or 'a') network is down, the
>guy will either a: have to wait, or b: point you to a different flavour of ATM? If
>people want cash, then they have to understand that some hassle goes with that,
>dont they??
I have no reason to assume that the owner speaks English, and my Italian probably
wouldn't be up to it. If I book an apartment where the clearly-stated condition is
that I pay cash on arrival, then I should accept those conditions or go elsewhere.
It's my choice and therefore my responsibility to comply.
--
kathie
Aug 19th 2002, 5:29 pm
#34
Guest
Posts: n/a
Re: Euro questions
gerald <[email protected]> wrote:
> I would get euro TC's from AAA. They will take your check, there is no processing
> fee, and they are discounted about 1% from interbank rate.
That seems to be true. The interbank rate is 1.01647 EUR/USD. I just telephoned AAA
here in DC and said I needed 1000 euro, they said it would be $1016.70 with no
other fees.
> There is a big pro-ATM crowd on this site, but for $1-10,000US transfers, TC's
> make a lot of sense.
Even if you're getting the same rate, though, the ATM is a lot more convenient -
faster and open 24 hours. And with travelers checks in Europe you never know when
you'll get stuck with fees on the encashment end.
miguel
--
Hit The Road! Photos and tales from around the world:
http://travel.u.nu New mini photo-feature: Life in
DC: http://travel.u.nu/dc/
> I would get euro TC's from AAA. They will take your check, there is no processing
> fee, and they are discounted about 1% from interbank rate.
That seems to be true. The interbank rate is 1.01647 EUR/USD. I just telephoned AAA
here in DC and said I needed 1000 euro, they said it would be $1016.70 with no
other fees.
> There is a big pro-ATM crowd on this site, but for $1-10,000US transfers, TC's
> make a lot of sense.
Even if you're getting the same rate, though, the ATM is a lot more convenient -
faster and open 24 hours. And with travelers checks in Europe you never know when
you'll get stuck with fees on the encashment end.
miguel
--
Hit The Road! Photos and tales from around the world:
http://travel.u.nu New mini photo-feature: Life in
DC: http://travel.u.nu/dc/
Aug 19th 2002, 5:38 pm
#35
Guest
Posts: n/a
Re: Euro questions
Miguel Cruz <[email protected]> wrote:
> gerald <[email protected]> wrote:
>> I would get euro TC's from AAA. They will take your check, there is no processing
>> fee, and they are discounted about 1% from interbank rate.
> That seems to be true. The interbank rate is 1.01647 EUR/USD. I just telephoned AAA
> here in DC and said I needed 1000 euro, they said it would be $1016.70 with no
> other fees.
Stop the presses! I just looked more closely - I was taken in by the similarity of
those numbers (1.01647 and 1.0167) and made a dumb error.
The interbank rate is 1.01647 euro for 1 dollar. So either the woman at AAA quoted me
wrong (I'm not going to wait on hold again), or there is a 3.3% penalty for buying
travelers checks at AAA. I rather strongly suspect the latter.
miguel
--
Hit The Road! Photos and tales from around the world:
http://travel.u.nu New mini photo-feature: Life in
DC: http://travel.u.nu/dc/
> gerald <[email protected]> wrote:
>> I would get euro TC's from AAA. They will take your check, there is no processing
>> fee, and they are discounted about 1% from interbank rate.
> That seems to be true. The interbank rate is 1.01647 EUR/USD. I just telephoned AAA
> here in DC and said I needed 1000 euro, they said it would be $1016.70 with no
> other fees.
Stop the presses! I just looked more closely - I was taken in by the similarity of
those numbers (1.01647 and 1.0167) and made a dumb error.
The interbank rate is 1.01647 euro for 1 dollar. So either the woman at AAA quoted me
wrong (I'm not going to wait on hold again), or there is a 3.3% penalty for buying
travelers checks at AAA. I rather strongly suspect the latter.
miguel
--
Hit The Road! Photos and tales from around the world:
http://travel.u.nu New mini photo-feature: Life in
DC: http://travel.u.nu/dc/
Aug 19th 2002, 6:14 pm
#36
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Posts: n/a
Re: Euro questions
In article <[email protected]>, [email protected] (Charles
Levy) wrote:
> 1) Is it advisable to take such large amounts of cash (i.e. 1000 euros),
If you beware of pickpockets (of which there are quite a lot in Rome), perhaps. But
not really.
> or can one buy Euro travel cheques easly in London if one is not a UK resident?
I have no idea, but you'll pay lots and lots in commission fees.
> 2) Is there any problem accessing ATMs for Euros using North American based credit
> cards?
No. If asked for a 6-digit number and you only have a 4-digit key, enter the 4 digits
and press the green "Enter" key.
-H
--
Things to do in Vienna:
http://www.aardvark.at/vienna/ Public
transport in Vienna:
http://www.aardvark.at/metro/
Levy) wrote:
> 1) Is it advisable to take such large amounts of cash (i.e. 1000 euros),
If you beware of pickpockets (of which there are quite a lot in Rome), perhaps. But
not really.
> or can one buy Euro travel cheques easly in London if one is not a UK resident?
I have no idea, but you'll pay lots and lots in commission fees.
> 2) Is there any problem accessing ATMs for Euros using North American based credit
> cards?
No. If asked for a 6-digit number and you only have a 4-digit key, enter the 4 digits
and press the green "Enter" key.
-H
--
Things to do in Vienna:
http://www.aardvark.at/vienna/ Public
transport in Vienna:
http://www.aardvark.at/metro/
Aug 19th 2002, 8:40 pm
#37
Guest
Posts: n/a
Re: Euro questions
AAA in Alexandria VA does not do interday adjustments of the conversion rate, so the
rate could be quoting with no discount, or
3.3% for that matter, relative to present value of the euro, depending upon the day
movement of the euro.
I look at the buy/sell rates posted. That difference is usually about
4.2 to 2.5%, which if equally divided, would be a discount of
5.1-1.25% to purchase.
I find TC's very useful to pay cash required bills over $1000 in foreign currency.
This is usually for lodging, and the checks have never been refused, or discounted.
On Mon, 19 Aug 2002 17:38:39 GMT, [email protected] (Miguel Cruz) wrote:
>Miguel Cruz <[email protected]> wrote:
>> gerald <[email protected]> wrote:
>>> I would get euro TC's from AAA. They will take your check, there is no
>>> processing fee, and they are discounted about 1% from interbank rate.
>> That seems to be true. The interbank rate is 1.01647 EUR/USD. I just telephoned
>> AAA here in DC and said I needed 1000 euro, they said it would be $1016.70 with no
>> other fees.
>Stop the presses! I just looked more closely - I was taken in by the similarity of
>those numbers (1.01647 and 1.0167) and made a dumb error.
>The interbank rate is 1.01647 euro for 1 dollar. So either the woman at AAA quoted
>me wrong (I'm not going to wait on hold again), or there is a 3.3% penalty for
>buying travelers checks at AAA. I rather strongly suspect the latter.
>miguel
rate could be quoting with no discount, or
3.3% for that matter, relative to present value of the euro, depending upon the day
movement of the euro.
I look at the buy/sell rates posted. That difference is usually about
4.2 to 2.5%, which if equally divided, would be a discount of
5.1-1.25% to purchase.
I find TC's very useful to pay cash required bills over $1000 in foreign currency.
This is usually for lodging, and the checks have never been refused, or discounted.
On Mon, 19 Aug 2002 17:38:39 GMT, [email protected] (Miguel Cruz) wrote:
>Miguel Cruz <[email protected]> wrote:
>> gerald <[email protected]> wrote:
>>> I would get euro TC's from AAA. They will take your check, there is no
>>> processing fee, and they are discounted about 1% from interbank rate.
>> That seems to be true. The interbank rate is 1.01647 EUR/USD. I just telephoned
>> AAA here in DC and said I needed 1000 euro, they said it would be $1016.70 with no
>> other fees.
>Stop the presses! I just looked more closely - I was taken in by the similarity of
>those numbers (1.01647 and 1.0167) and made a dumb error.
>The interbank rate is 1.01647 euro for 1 dollar. So either the woman at AAA quoted
>me wrong (I'm not going to wait on hold again), or there is a 3.3% penalty for
>buying travelers checks at AAA. I rather strongly suspect the latter.
>miguel
Aug 20th 2002, 4:27 am
#38
Guest
Posts: n/a
Re: Euro questions
European Credit Cards use 4 digits for the password so make sure you have 4 digits in
yours. www.vphthac.org.uk
<[email protected]> wrote in message
news:LXN79.1198$sE1.131625@stones...
> Not sure what you mean by "North American based cards?"
> I used my Mastercard and Visa card in Spain to get Euros and there was no problem.
> Regarding buying travellers cheques in London, there will be no problem there. Buy
> them from the Post Office and there is no fee.
> Hope this helps
> Paul
> > I have two questions for the cognoscenti: While on holiday in the UK, my wife and
> > I will be taking a 5 day side
trip
> > to Rome. We have to pay for our B&B in cash (Euros) on arrival.
> > 1) Is it advisable to take such large amounts of cash (i.e. 1000 euros), or can
> > one buy Euro travel cheques easly in London if one is not a UK resident?
> > 2) Is there any problem accessing ATMs for Euros using North American based
> > credit cards? Sorry if the questions seem simple, but the information will be
> > most helpful. TIA
> >
yours. www.vphthac.org.uk
<[email protected]> wrote in message
news:LXN79.1198$sE1.131625@stones...
> Not sure what you mean by "North American based cards?"
> I used my Mastercard and Visa card in Spain to get Euros and there was no problem.
> Regarding buying travellers cheques in London, there will be no problem there. Buy
> them from the Post Office and there is no fee.
> Hope this helps
> Paul
> > I have two questions for the cognoscenti: While on holiday in the UK, my wife and
> > I will be taking a 5 day side
trip
> > to Rome. We have to pay for our B&B in cash (Euros) on arrival.
> > 1) Is it advisable to take such large amounts of cash (i.e. 1000 euros), or can
> > one buy Euro travel cheques easly in London if one is not a UK resident?
> > 2) Is there any problem accessing ATMs for Euros using North American based
> > credit cards? Sorry if the questions seem simple, but the information will be
> > most helpful. TIA
> >
Aug 20th 2002, 10:46 am
#39
Guest
Posts: n/a
Re: Euro questions
Hatunen <[email protected]> wrote:
> greg byshenk <[email protected]> wrote:
> >There are two different types of limits, I believe. First, there is the "daily
> >total withdrawal limit", which is set by your bank, and which may be changeable on
> >request. If your bank sets a limit of EUR250 per day, then you cannot withdraw
> >more than that amount per calendar day (however your bank counts the calendar).
> You've raised, and begged, an interesting question: just what does EUR250 (or
> USD300) per day mean? Is it really per calendar day, or is it per 24 hours? Can I
> really withdraw 250 at 23:59 and another 250 at
> 00:01? And whose calendar day? If my bank is one time zone east from the machine
> does my withdrawal day end at 23:00 local time?
While I have no inside information on the matter, experience suggests that it is
indeed "calendar day", with the "day" turning over at some point determined by the
bank's computers, and _not_ "24-hour period".
IIRC, my US bank's "rollover time" was (it has been some time since it has made any
difference to me) 4am or 5am Eastern Time. While in Europe, if I reached my limit in
the morning (MET), I could withdraw additional cash in the afternoon of the same day
(much less than 24 hours later). But if I reached my limit in the afternoon or
evening (MET), I would have to wait until the _afternoon_ of the following day to
withdraw additional cash.
I don't know about my Dutch bank, as the daily limit is higher and I have never
exceeded it.
--
greg byshenk - [email protected] - Leiden, NL hate spam?
<http://www.cauce.org> <http://www.byshenk.net/ive.been.spammed.h-
tml>
> greg byshenk <[email protected]> wrote:
> >There are two different types of limits, I believe. First, there is the "daily
> >total withdrawal limit", which is set by your bank, and which may be changeable on
> >request. If your bank sets a limit of EUR250 per day, then you cannot withdraw
> >more than that amount per calendar day (however your bank counts the calendar).
> You've raised, and begged, an interesting question: just what does EUR250 (or
> USD300) per day mean? Is it really per calendar day, or is it per 24 hours? Can I
> really withdraw 250 at 23:59 and another 250 at
> 00:01? And whose calendar day? If my bank is one time zone east from the machine
> does my withdrawal day end at 23:00 local time?
While I have no inside information on the matter, experience suggests that it is
indeed "calendar day", with the "day" turning over at some point determined by the
bank's computers, and _not_ "24-hour period".
IIRC, my US bank's "rollover time" was (it has been some time since it has made any
difference to me) 4am or 5am Eastern Time. While in Europe, if I reached my limit in
the morning (MET), I could withdraw additional cash in the afternoon of the same day
(much less than 24 hours later). But if I reached my limit in the afternoon or
evening (MET), I would have to wait until the _afternoon_ of the following day to
withdraw additional cash.
I don't know about my Dutch bank, as the daily limit is higher and I have never
exceeded it.
--
greg byshenk - [email protected] - Leiden, NL hate spam?
<http://www.cauce.org> <http://www.byshenk.net/ive.been.spammed.h-
tml>
Aug 20th 2002, 1:22 pm
#40
Guest
Posts: n/a
Re: Euro questions
> No-one's going to accept a 500 Euro note, either.
That's not true. In Milan and Rome I have paid in restaurants many times with a 500
euro note for meal costing 100/150 euros. There is no problem, you get a 200 and 100
and some fifty, etc. back. Last month we stopped for coffee at a bar in Miano, at
8:30 am. cost 2.40Euro, I paid with a 50...not a problem. You must remember, Italy
is still very much a cash society.
I know in the UK credit cards are used much more and there is a problem changing a 50
pound note but that is not true in Italy or Switzerland for that matter. A few
months ago,a cab rid in Zurich, 25 francs, I paid with a 200 franc note, because when
I got there and went to get money from the ATM, I asked for 400 francs and the
machine gave me two 200 franc notes, the cabby didn't even blink an eye.
> --
> Paul Dwerryhouse
> "Why not just have the arresting officer execute you on the spot? If you
turn
> out to be innocent, they can cancel the invoice for the bullet." --
sharkey
That's not true. In Milan and Rome I have paid in restaurants many times with a 500
euro note for meal costing 100/150 euros. There is no problem, you get a 200 and 100
and some fifty, etc. back. Last month we stopped for coffee at a bar in Miano, at
8:30 am. cost 2.40Euro, I paid with a 50...not a problem. You must remember, Italy
is still very much a cash society.
I know in the UK credit cards are used much more and there is a problem changing a 50
pound note but that is not true in Italy or Switzerland for that matter. A few
months ago,a cab rid in Zurich, 25 francs, I paid with a 200 franc note, because when
I got there and went to get money from the ATM, I asked for 400 francs and the
machine gave me two 200 franc notes, the cabby didn't even blink an eye.
> --
> Paul Dwerryhouse
> "Why not just have the arresting officer execute you on the spot? If you
turn
> out to be innocent, they can cancel the invoice for the bullet." --
sharkey
Aug 20th 2002, 1:52 pm
#41
Guest
Posts: n/a
Re: Euro questions
"ntmarzolino" <[email protected]> schrieb im Newsbeitrag news:[email protected]...
> > No-one's going to accept a 500 Euro note, either.
> That's not true.....
I quite agree. I doubt you'd have problems in Austria either.
> > No-one's going to accept a 500 Euro note, either.
> That's not true.....
I quite agree. I doubt you'd have problems in Austria either.
Aug 20th 2002, 2:45 pm
#42
Guest
Posts: n/a
Re: Euro questions
Charles Levy <[email protected]> wrote:
: I have two questions for the cognoscenti: While on holiday in the UK, my wife and I
: will be taking a 5 day side trip to Rome. We have to pay for our B&B in cash
: (Euros) on arrival.
: 1) Is it advisable to take such large amounts of cash (i.e. 1000 euros),
Just a small tip: _If_ you decide to buy some Euros in cash while in England, you
might do worse than to try a branch of Marks and Spencers (sort of department store)
which has a bureau de change. They are commission-free (for getting cash with cash).
If you use a card there to get cash, your bank will likely charge you though, and M&S
also charge for traveller's cheques. For cash the rate of exchange (IME) is no worse
than places which charge commission.
Not all branches have bureaux de change though: Oxford does, and there are several in
London. (Their website might tell you).
(You can also spend any left-over Euros in M&S and similar stores, if you wanted).
--
[email protected]
: I have two questions for the cognoscenti: While on holiday in the UK, my wife and I
: will be taking a 5 day side trip to Rome. We have to pay for our B&B in cash
: (Euros) on arrival.
: 1) Is it advisable to take such large amounts of cash (i.e. 1000 euros),
Just a small tip: _If_ you decide to buy some Euros in cash while in England, you
might do worse than to try a branch of Marks and Spencers (sort of department store)
which has a bureau de change. They are commission-free (for getting cash with cash).
If you use a card there to get cash, your bank will likely charge you though, and M&S
also charge for traveller's cheques. For cash the rate of exchange (IME) is no worse
than places which charge commission.
Not all branches have bureaux de change though: Oxford does, and there are several in
London. (Their website might tell you).
(You can also spend any left-over Euros in M&S and similar stores, if you wanted).
--
[email protected]
Aug 20th 2002, 3:10 pm
#43
Guest
Posts: n/a
Re: Euro questions
Sjoerd wrote:
> "devil" <[email protected]> schreef in bericht news:[email protected]...
>>Sjoerd wrote:
>>>they'd
>>>>>just have to live with it
>>>>I once used a 500 Euro note to pay gas. They had never seen one before.
>>>>Now, what could they have done except accepting it? Let me off without paying?
>>>Many shops and gas stations display stickers saying that 500 euro notes
> are
>>>not accepted. They?ll tell you to change the note at a bank.
>>So I'll drive to the bank?
>>Will they expect me to drive back, really?
> No, they expect you to walk to the bank while they keep your car as collateral.
Good luck. At best they'll have to drive with me. I offered to pay. If they won't
take it, tough luck.
> "devil" <[email protected]> schreef in bericht news:[email protected]...
>>Sjoerd wrote:
>>>they'd
>>>>>just have to live with it
>>>>I once used a 500 Euro note to pay gas. They had never seen one before.
>>>>Now, what could they have done except accepting it? Let me off without paying?
>>>Many shops and gas stations display stickers saying that 500 euro notes
> are
>>>not accepted. They?ll tell you to change the note at a bank.
>>So I'll drive to the bank?
>>Will they expect me to drive back, really?
> No, they expect you to walk to the bank while they keep your car as collateral.
Good luck. At best they'll have to drive with me. I offered to pay. If they won't
take it, tough luck.
Aug 20th 2002, 5:00 pm
#44
Guest
Posts: n/a
Re: Euro questions
devil <[email protected]> wrote:
> Sjoerd wrote:
> > "devil" <[email protected]> schreef:
> >>Sjoerd wrote:
> >>>Many shops and gas stations display stickers saying that 500 euro notes are not
> >>>accepted. They?ll tell you to change the note at a bank.
> >>So I'll drive to the bank?
> >>Will they expect me to drive back, really?
> > No, they expect you to walk to the bank while they keep your car as collateral.
> Good luck. At best they'll have to drive with me. I offered to pay. If they
> won't take it, tough luck.
Yes. Unfortunately, the "tough luck" may be _yours_. In many places there are
limits on what _must_ be accepted as payment, and it is up to the buyer to meet them
(though naturally the seller will often be liberal in what is accepted).
An "offer[] to pay" may not in itself be sufficient. Consider an "offer[] to pay" in
Won at a service station in Nottingham or Peoria... .
--
greg byshenk - [email protected] - Leiden, NL hate spam?
<http://www.cauce.org> <http://www.byshenk.net/ive.been.spammed.h-
tml>
> Sjoerd wrote:
> > "devil" <[email protected]> schreef:
> >>Sjoerd wrote:
> >>>Many shops and gas stations display stickers saying that 500 euro notes are not
> >>>accepted. They?ll tell you to change the note at a bank.
> >>So I'll drive to the bank?
> >>Will they expect me to drive back, really?
> > No, they expect you to walk to the bank while they keep your car as collateral.
> Good luck. At best they'll have to drive with me. I offered to pay. If they
> won't take it, tough luck.
Yes. Unfortunately, the "tough luck" may be _yours_. In many places there are
limits on what _must_ be accepted as payment, and it is up to the buyer to meet them
(though naturally the seller will often be liberal in what is accepted).
An "offer[] to pay" may not in itself be sufficient. Consider an "offer[] to pay" in
Won at a service station in Nottingham or Peoria... .
--
greg byshenk - [email protected] - Leiden, NL hate spam?
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Aug 20th 2002, 7:12 pm
#45
Guest
Posts: n/a
Re: Euro questions
"devil" <[email protected]> schreef in bericht news:[email protected]...
> Sjoerd wrote:
> > "devil" <[email protected]> schreef in bericht news:[email protected]...
> >
> >>Sjoerd wrote:
> >>
> >>>they'd
> >>>
> >>>
> >>>>>just have to live with it
> >>>>
> >>>>I once used a 500 Euro note to pay gas. They had never seen one
before.
> >>>>
> >>>>Now, what could they have done except accepting it? Let me off
without
> >>>>paying?
> >>>
> >>>
> >>>Many shops and gas stations display stickers saying that 500 euro notes
> >>
> > are
> >
> >>>not accepted. They?ll tell you to change the note at a bank.
> >>
> >>So I'll drive to the bank?
> >>
> >>Will they expect me to drive back, really?
> >
> >
> > No, they expect you to walk to the bank while they keep your car as collateral.
> Good luck. At best they'll have to drive with me. I offered to pay. If they won't
> take it, tough luck.
It is your obligation to be able to pay in the way the shop owner wants you to pay.
As long as he displays clearly what he will and what he will not accept, you will
have to make arrangements to pay in the appropriate way. In the example above, that
means you will need to walk to the bank. By the way, this is not a European problem
only. I have been warned not to take US$ 100 notes to the USA, as many businesses
won't accept them. And try to pay a lemon juice with a 1,000 baht note in a small
place in Thailand.
Sjoerd
> Sjoerd wrote:
> > "devil" <[email protected]> schreef in bericht news:[email protected]...
> >
> >>Sjoerd wrote:
> >>
> >>>they'd
> >>>
> >>>
> >>>>>just have to live with it
> >>>>
> >>>>I once used a 500 Euro note to pay gas. They had never seen one
before.
> >>>>
> >>>>Now, what could they have done except accepting it? Let me off
without
> >>>>paying?
> >>>
> >>>
> >>>Many shops and gas stations display stickers saying that 500 euro notes
> >>
> > are
> >
> >>>not accepted. They?ll tell you to change the note at a bank.
> >>
> >>So I'll drive to the bank?
> >>
> >>Will they expect me to drive back, really?
> >
> >
> > No, they expect you to walk to the bank while they keep your car as collateral.
> Good luck. At best they'll have to drive with me. I offered to pay. If they won't
> take it, tough luck.
It is your obligation to be able to pay in the way the shop owner wants you to pay.
As long as he displays clearly what he will and what he will not accept, you will
have to make arrangements to pay in the appropriate way. In the example above, that
means you will need to walk to the bank. By the way, this is not a European problem
only. I have been warned not to take US$ 100 notes to the USA, as many businesses
won't accept them. And try to pay a lemon juice with a 1,000 baht note in a small
place in Thailand.
Sjoerd