€500 Note (can it be changed to GBP in UK)

s_r

Hi all,

I have got a EUR 500 note. Can it be changed at Bureau de Change in London or at any bank?!?

I’m asking cuz I know it stopped being legal tender in the UK a while back.

Thanks for reading

HeinzVarieties

s_r said:

Hi all,

I have got a EUR 500 note. Can it be changed at Bureau de Change in London or at any bank?!?

I’m asking cuz I know it stopped being legal tender in the UK a while back.

Thanks for reading

By "a while back" I'm assuming you mean "never"?

eDicky

Regulations prohibit UK banks and bureaux de change from selling the 500€ note to customers, but I don't believe they are prevented from buying them (exchanging them for GBP). However, without the means to resell them they may also refuse to accept such notes. You can try, let us know...

Matt8888

As both a premier global financial trading centre and a tourist honey-pot it would seem almost inconceivable that there would be nowhere in London that would change a 500 Euro note. It may take a while to find where though! I suspect many independent traders would worry about it possibly being a forgery.

SusieT

Very difficult as it is being phased out in Europe. It may be easier to find someone you trust who is going there to take it with them and exchange it for you. 

maxsteam

My understanding is that you can pay it into any bank where you have an account. Certainly, you are going to encounter problems. If you have a UK bank account, you should take it into a branch to see if they can help.

s_r

Thanks all - I will take the EUR 500 note into Metro as I have an account with them and found out that I am able to directly deposit cash (USD and EUR) into my current account. Will update once I have gone through this!

eDicky

Not quite 'directly' as it will need to be converted to GBP. Take note of the rate they give, mid rate (interbank) today is ~1.17