Banks reluctant to issue £50 notes

Crabman

Hey folks

I asked a local bank today if they could offer withdrawals in £50 notes - the answer was no, unless a customer happened to deposit some at the bank that day.

I went to another bank where I have an account - same answer.

Anyone have ideas on how to get hold of £50 notes? It's for foreign exchange purposes as I'm told some overseas bureaux offer a (slightly) better rate if £50s are used.

Any advice would be great :cool:

chambta

I'm sure the bank you have your account with will arrange to get you some dependent on how many you require.

Sandoval

Presumably give the bank a couple of days notice and they could 'order' some in for you.

Olipro

simple, phone up your bank's customer service and say I want £x in 50s please and they'll tell you when you can collect it.

samjef11_2

Or i'm sure your local post office can give you some £50s if you use your debit card.

jonesMUFCforever

A Most customers and shops don't like £50's
B As a result most banks don't get a lot of £50's in
C All banks will be order an amount for you in bundles of £2500 - but it could take up to 2 weeks depending on the bank's ordering day and delivery day.
D If you are happy to pay the security van to deliver to your bank immediately (24 to 36 hours) the fee of minimum £100 + VAT they can order for you.

Personally IMO would it not be cheaper for the forex dealer to accept a debit card (most banks have a maximum limit of £30k per day) rather than cash and safer for you?

Crabman

Thanks folks - with regard to ordering, I was offered the above option of £2500 in £50s... a bit much.

I tried the post office (local one - main one has mile-long queues) but they hardly get them paid in. I planned to contact my bank again but this time via customer services - I'll give it a try tomorrow and see if the response is any different.

System

you can usually get them from a business counter from a large-ish branch.
I managed to get £100 notes no problem without any notice.
Remember your driving licence or other ID.

7891368

Heng_Leng wrote: »

you can usually get them from a business counter from a large-ish branch.
I managed to get £100 notes no problem without any notice.
Remember your driving licence or other ID.

WOW £100 notes:rotfl:

Hazzanet

7891368 wrote: »

WOW £100 notes:rotfl:

I believe the Scottish Banks issue them.

bengalknights

and i thought a 500 euro note was rare lol