Can I deposit 500 Euro banknotes at bank in Netherlands?

Can I deposit 500 Euro banknotes at bank in Netherlands? - Euro Is One Of Higher Value

I have purchased about 8,000 Euros as I am going to study in Netherlands soon. I received ten 500 Euro banknotes and the reset in 100s and 50s. Recently I read that spending 500s is actually pretty difficult, however I want to deposit them as soon as I arrive.

Do banks in Netherlands accept them to deposit in my account or I will run into problems?

P.S the reason that I don't want to break those 500 banknotes down is that it would be really dangerous and difficult to carry and travel with them. So I would rather have a manageable amount of banknotes with me on flight.






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Do banks accept 500 euro notes?

Existing \u20ac500 banknotes continue to be legal tender, so you can still use them as a means of payment and store of value (i.e. spend and save them). Similarly, banks, bureaux de change and other commercial parties can keep recirculating the existing \u20ac500 notes.

Can I lodge 500 euro note?

Euro area NCBs will provide their customers until and including 26 January 2019 with \u20ac500 banknotes. After the issuance stop, the \u20ac500 banknote will remain legal tender and can continue to be used as a means of payment and store of value.

How do you change 500 euro notes to the Netherlands?

Most shops don't accept 200 and 500 euro notes. You can change money at banks, large post offices and exchanges (Grenswisselkantoren or GWK). Most banks are open Mondays 1pm to 5pm and Tuesday to Fridays 9am to 5pm, while GWK open during weekends at larger rail stations.

Where can I change 500 euro notes in Amsterdam?

For changing money the train station is the best place. The "GWK" Bank at Central Station in Amsterdam has the lowest commissions and they're open 24 hours a day. Another good place to change might be an exchange office at Damrak 31, they usually have the best rates in the area.



Tussle over 500 euro notes ends with slow phasing out




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Images: Markus Spiske, Pixabay, Monstera, Karolina Grabowska