500 euro notes into UK pounds

Spider1234

I wonder if anyone can help. I've ended up with a large sum of 500 euro notes (from selling my property abroad) and would like to deposit this money into my UK current account without losing a substantial amount of money for money exchange. Does anyone know who can accept these notes and exchange for UK pounds? Or shall I deposit the money into my bank directly? Thanks.

[Deleted User]

What rate did you buy at?

Oops. Just read the OP, and noticed they didn't buy them.

However, I think the buy back rate is still going to be relevant.

If you can find someone offering a decent rate, you could sell them to a currency shop.

grumbler

Spider1234 wrote: »

I wonder if anyone can help. I've ended up with a large sum of 500 euro notes (from selling my property abroad) and would like to deposit this money into my UK current account without losing a substantial amount of money for money exchange. Does anyone know who can accept these notes and exchange for UK pounds? Or shall I deposit the money into my bank directly? Thanks.

€500 notes?:eek:

Have a look at this thread: barclays 500 euro service

Bedsit_Bob wrote: »

What rate did you buy at?

Bought what?
The OP has sold a property and didn't buy anything.

HappyMJ

Spider1234 wrote: »

I wonder if anyone can help. I've ended up with a large sum of 500 euro notes (from selling my property abroad) and would like to deposit this money into my UK current account without losing a substantial amount of money for money exchange. Does anyone know who can accept these notes and exchange for UK pounds? Or shall I deposit the money into my bank directly? Thanks.

If you've still got your Euro denominated bank account you would be better off going back to mainland Europe and depositing it into your account then transferring the fund to your UK account.

Your local drug dealer might give you a good exchange rate to convert his large heavy pile of twenty pound notes into a comparably very light 500 Euro notes.

Alter_ego

Nobody you know going on holiday to eurozone?

grumbler

Alter_ego wrote: »

Nobody you know going on holiday to eurozone?

It has to be a really expensive holiday...

And, reportedly,

eDicky wrote: »

... The fear of counterfeit bills, rather than the money laundering aspect, is what makes them hard to use in many eurozone countries. They are readily accepted in Germany and Italy, as well as further afield.

[Deleted User]

Good luck explaining to a bank where you got lots of 500 euro notes from.

GingerBob_3

camelot1971 wrote: »

Good luck explaining to a bank where you got lots of 500 euro notes from.

Oh yes! MLP again.

jonesMUFCforever

Banks will not accept Euro 500 notes.

Selling a property for cash will arouse money laundering suspicions so the idea of a cheap flight back to Euroland to pay the notes into a Euro account migh be a very good option.

MarkFromCornwall

Slightly OT but these notes are to be withdrawn from circulation by the end of 2018.

http://www.dw.com/en/ecb-phases-out-500-euro-banknotes/a-19233831

alternate

You sold your house for cash?