Can you Adam and Eve it?
#1
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Can you Adam and Eve it?
I had a 500 Euro note and was shopping in Caprabo. When I came to the checkout, they said that they could not accept a 500 Euro note, maximum 100 Euro! I paid by credit card.
Yesterday I bought diesel and the same thing happened at the garage.
So, I went to my bank in Santa Ponsa to change it. At the cash desk, guess what, they said that they could not change it!!!! Maximum 100 Euro!!!!
They said that by law I had to pay in the 500 Euro into my account, then withdraw 500 Euro in smaller notes.
So that is what I did!
What the bl**dy hell is all that about???
Martin
Yesterday I bought diesel and the same thing happened at the garage.
So, I went to my bank in Santa Ponsa to change it. At the cash desk, guess what, they said that they could not change it!!!! Maximum 100 Euro!!!!
They said that by law I had to pay in the 500 Euro into my account, then withdraw 500 Euro in smaller notes.
So that is what I did!
What the bl**dy hell is all that about???
Martin
#2
Re: Can you Adam and Eve it?
I had a 500 Euro note and was shopping in Caprabo. When I came to the checkout, they said that they could not accept a 500 Euro note, maximum 100 Euro! I paid by credit card.
Yesterday I bought diesel and the same thing happened at the garage.
So, I went to my bank in Santa Ponsa to change it. At the cash desk, guess what, they said that they could not change it!!!! Maximum 100 Euro!!!!
They said that by law I had to pay in the 500 Euro into my account, then withdraw 500 Euro in smaller notes.
So that is what I did!
What the bl**dy hell is all that about???
Martin
Yesterday I bought diesel and the same thing happened at the garage.
So, I went to my bank in Santa Ponsa to change it. At the cash desk, guess what, they said that they could not change it!!!! Maximum 100 Euro!!!!
They said that by law I had to pay in the 500 Euro into my account, then withdraw 500 Euro in smaller notes.
So that is what I did!
What the bl**dy hell is all that about???
Martin
Most garages only take up to 100€ notes, 500€`s is a lot of dosh to loose if its a dodgy note and they can`t trace it back to you.
#4
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Re: Can you Adam and Eve it?
Exactly! You can accept maybe a garage, or at a push a supermarket, but a bank!!
The bank would not split the note!! They said it was against the law!
It certainly is not an issue at all in Germany, Austria et all..
Martin
#5
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Re: Can you Adam and Eve it?
I know, money laundering laws are tough aren't they??
#6
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Re: Can you Adam and Eve it?
In the US for example, all transactions over $10,000 have to be notified.
In the UK, I believe it is £10,000
Spain 500 Euro?????????
Are you suggesting that Spain is concentrating on 500 Euro, while at the same time thousands of Euros are passed under the table each day in Spain in black money on property transactions?
Nothing like being able to see the big picture!!!
Martin
#7
Re: Can you Adam and Eve it?
I had a 500 Euro note and was shopping in Caprabo. When I came to the checkout, they said that they could not accept a 500 Euro note, maximum 100 Euro! I paid by credit card.
Yesterday I bought diesel and the same thing happened at the garage.
So, I went to my bank in Santa Ponsa to change it. At the cash desk, guess what, they said that they could not change it!!!! Maximum 100 Euro!!!!
They said that by law I had to pay in the 500 Euro into my account, then withdraw 500 Euro in smaller notes.
So that is what I did!
What the bl**dy hell is all that about???
Martin
Yesterday I bought diesel and the same thing happened at the garage.
So, I went to my bank in Santa Ponsa to change it. At the cash desk, guess what, they said that they could not change it!!!! Maximum 100 Euro!!!!
They said that by law I had to pay in the 500 Euro into my account, then withdraw 500 Euro in smaller notes.
So that is what I did!
What the bl**dy hell is all that about???
Martin
#8
Straw Man.
Joined: Aug 2006
Location: That, there, that's not my post count... nothing to see here, move along.
Posts: 46,302
Re: Can you Adam and Eve it?
In the US for example, all transactions over $10,000 have to be notified.
In the UK, I believe it is £10,000
Spain 500 Euro?????????
Are you suggesting that Spain is concentrating on 500 Euro, while at the same time thousands of Euros are passed under the table each day in Spain in black money on property transactions?
Nothing like being able to see the big picture!!!
Martin
In the UK, I believe it is £10,000
Spain 500 Euro?????????
Are you suggesting that Spain is concentrating on 500 Euro, while at the same time thousands of Euros are passed under the table each day in Spain in black money on property transactions?
Nothing like being able to see the big picture!!!
Martin
As to the Black money its not legal so shouldn't really even be considered in the same sentence as the 500 euro discussion.
#9
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Re: Can you Adam and Eve it?
All money laundering is illegal.
Therefore passing thousands under the table should concentrate human resources, attention and the passing of new laws rather than the splitting of a 500 Euro note.
Once they have black money in property related transactions under control, they could then quantify the risk in splitting a 500 Euro note at the bank.
It is all about priorities.
Martin
#10
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Re: Can you Adam and Eve it?
It should be absolutely considered.
All money laundering is illegal.
Therefore passing thousands under the table should concentrate human resources, attention and the passing of new laws rather than the splitting of a 500 Euro note.
Once they have black money in property related transactions under control, they could then quantify the risk in splitting a 500 Euro note at the bank.
It is all about priorities.
Martin
All money laundering is illegal.
Therefore passing thousands under the table should concentrate human resources, attention and the passing of new laws rather than the splitting of a 500 Euro note.
Once they have black money in property related transactions under control, they could then quantify the risk in splitting a 500 Euro note at the bank.
It is all about priorities.
Martin
While I accept that it is illegal, and something needs to be done, to discuss the fact that you cant break a 500 note AND black money in the same discussion doesnt make sense, in my opinion.
#11
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Re: Can you Adam and Eve it?
I have read somewhere (can't remember which paper it was, probably the Costa Blanca News) but it had said that Spain is one of the EU countries with the largest amount of €500 counterfeit notes and that is why everyone is so weary.
I even refuse €500 notes given to me by the bank when making a withdrawal.
I even refuse €500 notes given to me by the bank when making a withdrawal.
#12
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Re: Can you Adam and Eve it?
I don't miss the point at all.
You suggested that the reason the problem exists at the bank regarding splitting the 500 Euro note is because of concerns about money laundering.
I am saying that, if you are correct and this is a money laundering issue, they should address the real massive money laundering issues in property transactions before making it unlawful to split a 500 Euro note.
As they seem to concentrate on the piddly little issues instead of the real massive issues, it is probably no wonder Spain is in your words "THE main place for money laundering in Europe"
Martin
#13
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Location: That, there, that's not my post count... nothing to see here, move along.
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Re: Can you Adam and Eve it?
I don't miss the point at all.
You suggested that the reason the problem exists at the bank regarding splitting the 500 Euro note is because of concerns about money laundering.
I am saying that, if you are correct and this is a money laundering issue, they should address the real massive money laundering issues in property transactions before making it unlawful to split a 500 Euro note.
As they seem to concentrate on the piddly little issues instead of the real massive issues, it is probably no wonder Spain is in your words "THE main place for money laundering in Europe"
Martin
You suggested that the reason the problem exists at the bank regarding splitting the 500 Euro note is because of concerns about money laundering.
I am saying that, if you are correct and this is a money laundering issue, they should address the real massive money laundering issues in property transactions before making it unlawful to split a 500 Euro note.
As they seem to concentrate on the piddly little issues instead of the real massive issues, it is probably no wonder Spain is in your words "THE main place for money laundering in Europe"
Martin
That said, I am probably wrong, as it looks more likely that it is more to do with fake notes, so who the hell am I to know??!!
#14
Re: Can you Adam and Eve it?
Over 50% of all 500 € notes in circulation across Europe can be found in Spain. As to the forged issue, it really is a non-issue. From day one most, if not all, places said they would not accept large notes (even your multinationals such as McDonalds etc...) As soon as anyone hands over a 500 € note it is met with suspicion and put under scrutiny. Only a fool would try to pass a forged one. The success of a forger is that as many of his notes as possible get accepted therefore doing forged 500 € notes makes no sense as his success rate would be low. There are far bigger problems with 5 € and 20 € notes.
#15
Re: Can you Adam and Eve it?
I have a winning lottery ticket for sale. Happy to accept payment in 500 € notes. Anyone?