A Adviser wants £50Notes Scrapped - he can Feck Off

[arista]

http://www.telegraph.co.uk/finance/currency/12146276/Scrap-50-notes-to-prevent-financial-crime-urges-ex-bank-boss.html


This was Debated on Ch5HD AM,
I am sorry but £50 notes are fantastic
I can Pay Big Bills in Cash
at my Bank

I can pay a Legal Cash Bonus
in £50notes.


This Fecking Adviser should leave this Nation
for bringing this as a Public Debate.


Feel The Force.

[Niamh.]

Yes deport him tbh........ actually off with his head :fist:

[LukeB]

Yes get rid of the £50 notes

[arista]

Yes deport him tbh........ actually off with his head :fist:

You Are Most Wise Niamh


http://static.independent.co.uk/s3fs-public/styles/story_large/public/thumbnails/image/2016/02/08/12/50-pound-notes.jpg

[Crimson Dynamo]

Too much crime is done with 50s so they must be scrapped


i took one into my local spar last year and they are still talking about it now, I think it made the regional news

[arista]

Too much crime is done with 50s so they must be scrapped


i took one into my local spar last year and they are still talking about it now, I think it made the regional news


They will not stop
it will just go on £20 notes


Never Take a £50note to a Small Store
thats Rude.

[LukeB]

If people see you have a £50 note on you, then you are a target to be robbed because they assume you are rich. Get rid of them, they are annoying for shops too.

[joeysteele]

Also many places won't even take them anyway,so I wouldn't miss them.

[Crimson Dynamo]

They will not stop
it will just go on £20 notes


Never Take a £50note to a Small Store
thats Rude.

:joker:

they said have you got anything smaller?

I said

Thats what she said

[arista]

Yes get rid of the £50 notes


No I can
get more notes in my Metal Case.


£50 notes are Staying.

[Vicky.]

May aswell get rid really, most shops and such don't take them

[arista]

Also many places won't even take them anyway,so I wouldn't miss them.


Joey use them to pay Bills at the Bank
or at a Large Supermarket


great way to Buy a 4K TV

[Crimson Dynamo]

ideal way to pay drug dealers

[arista]

May aswell get rid really, most shops and such don't take them


Vicky I do not Blame Small Stores for
not taking them.



Use in Supermarkets - No Problem

[Jordan.]

I got a £50 note in a birthday card last year and I still haven't spent it

[arista]

ideal way to pay drug dealers


Yes
better in Scotland
£100 note with your lot

[Josy]

Burn the bitch

[arista]

Burn the bitch


You Burn Your £100
Scottish Note

[Crimson Dynamo]

http://thumbs3.ebaystatic.com/d/l225/m/mmgoWnh8zTtUjFObrMw6X6w.jpg

[DemolitionRed]

Fifty pound notes are about as rare as cheque books. Can't remember when I last saw one.

Arista, couldn't you just use a bank card?

[arista]

Fifty pound notes are about as rare as cheque books. Can't remember when I last saw one.

Arista, couldn't you just use a bank card?



Yes I can
But I like the option of Big Cash, as well.

[user104658]

I don't really know what people's problem with £50's is... I think people are scared of them because they don't see many? Like... maybe people are more open to fraud because they aren't used to handling £50's and so can't spot a fake?

I take quite a lot of them, at least £2000 a week probably, I think mainly because Casinos pay them out and so they (as is the way with gamblers) make their way to us quite quickly :joker:. But all you can do, unless you have a big payout to a higher stakes customer who you know will take them, is put them straight out to the bank. "Normal folks" simply don't want them, because a lot of shops won't take them.

In fact, we probably take a good chunk of £50 notes just from random people off the street who come in asking if we'll swap them for £10s and £20s.

I quite like them, personally. They're very convenient if you have a £500+ gambler shuffling race to race. Less margin for error than paying out stacks of 20s.

http://thumbs3.ebaystatic.com/d/l225/m/mmgoWnh8zTtUjFObrMw6X6w.jpg

Yeah, we get a few of those a week too :joker:. Literally no one will take them back though. They're like a novelty item. They're also massive, you'd have to fold it like 3 times to get it into a normal wallet...

[Niamh.]

We use €50 notes here all the time, most shops have one of them scanner thingys that they swipe notes under to see if they're fake or not

[LukeB]

http://thumbs3.ebaystatic.com/d/l225/m/mmgoWnh8zTtUjFObrMw6X6w.jpg

is that you on the note?

[arista]

"In fact, we probably take a good chunk of £50 notes just from random people off the street"

Yes TS
they are going to stay
Feck this Adviser

[Crimson Dynamo]

i use them in auctions a lot and they dont mind

[user104658]

We use €50 notes here all the time, most shops have one of them scanner thingys that they swipe notes under to see if they're fake or not

When I've been in Eurpoe, I've found that 50's are used more like £20, 20's like £10 and 10s like £5, on account of there being a 5 euro coin that's used more like a £2 coin.

So I guess using a £50 note is more comparable to using a 100 euro note.

Last year when I went to Portugal, I had 2000 euros in 50 euro notes at the start. I threw them up in the air and rolled around like Scrooge McDuck :flutter:.

Which is sort of odd considering I handle £10k+ in cash on a near daily basis but... damnit, those were MY euros. My own!

[Niamh.]

When I've been in Eurpoe, I've found that 50's are used more like £20, 20's like £10 and 10s like £5, on account of there being a 5 euro coin that's used more like a £2 coin.

So I guess using a £50 note is more comparable to using a 100 euro note.

Last year when I went to Portugal, I had 2000 euros in 50 euro notes at the start. I threw them up in the air and rolled around like Scrooge McDuck :flutter:.

Which is sort of odd considering I handle £10k+ in cash on a near daily basis but... damnit, those were MY euros. My own!

There's a €5 coin???? Are you sure about that? I've never seen one :suspect:

[Sam:)]

I don't think there is a €5 coin unless it's some sort of "special edition" thing. I never knew that £50 were uncommon, from working on tills and personal use I'd say €50 notes are no less common that €20 here.

[Sam:)]

Surely they must have £50 in British ATM's, If someones taking out £50 or more it would be more convenient? that way if someone takes out £100 they would just get two notes, which takes up less space making the ATM less likely to run out?

[arista]

Surely they must have £50 in British ATM's, If someones taking out £50 or more it would be more convenient? that way if someone takes out £100 they would just get two notes, which takes up less space making the ATM less likely to run out?


No its taken as Cash Withdraws
from Banks

If you are taking out £20,000
in Cash - then £50 notes make it better.
Its done alot
in Business


Feel The Force

[arista]

Or if you wanted to take out just £200
in a Bank
you can say in £50's please.

Very Normal.

[smudgie]

Much easier to stuff a grand or two under the mattress in £50's than Tenners. :whistle:

[Crimson Dynamo]

High value bills are the ‘payment mechanism of choice’ for criminals and corrupt officials, according to Peter Sands, the former boss of British banking giant Standard Chartered.

£50 notes are only dispensed at a handful of cash machines in the UK, including in London’s wealthy Mayfair and Canary Wharf districts.



Read more: http://www.dailymail.co.uk/news/article-3437590/Banks-urged-ban-50-notes-bid-end-cash-hand-culture-help-recoup-billions-tax-Treasury.html#ixzz3zmzdEdKM

[DemolitionRed]

There's a €5 coin???? Are you sure about that? I've never seen one :suspect:

There is but you rarely see them as they are special occasion coins, at least our part of France.

[DemolitionRed]

When I've been in Eurpoe, I've found that 50's are used more like £20, 20's like £10 and 10s like £5, on account of there being a 5 euro coin that's used more like a £2 coin.

So I guess using a £50 note is more comparable to using a 100 euro note.

Last year when I went to Portugal, I had 2000 euros in 50 euro notes at the start. I threw them up in the air and rolled around like Scrooge McDuck :flutter:.

Which is sort of odd considering I handle £10k+ in cash on a near daily basis but... damnit, those were MY euros. My own!

If you handed a shop assistant in France a 100 euro note or even a 50 euro note they wouldn't be happy, unless your bill was 95 or 45 euros.

In France if your bill is 4.90 euros and you give them a 5, they don't generally give you any change. Its fun watching English tourists waiting expectantly for it. On the other hand, if you bought something that cost 4.90 and only had 4.80 they would let you have it.

Another tip for France is, if you want one item, always hold up your thumb. If you hold up your index finger the shop assistant will take that as meaning 2

[Niamh.]

There is but you rarely see them as they are special occasion coins, at least our part of France.


It's the currency I use everyday and I never saw one :laugh:

[user104658]

If you handed a shop assistant in France a 100 euro note or even a 50 euro note they wouldn't be happy, unless your bill was 95 or 45 euros.

In France if your bill is 4.90 euros and you give them a 5, they don't generally give you any change. Its fun watching English tourists waiting expectantly for it. On the other hand, if you bought something that cost 4.90 and only had 4.80 they would let you have it.

It was Portugal when I had the patience stack of fiddies , and they seemed fine taking them... But it was a beachy / relatively touristy sort of area. And dinner always seemed to come to almost exactly 50 euros... No matter where we enter or what we ordered... Like some sort of conspiracy. It was always like 46/47 euros. Like they knew fine well we would just leave 50. hmph.

Another tip for France is, if you want one item, always hold up your thumb. If you hold up your index finger the shop assistant will take that as meaning 2

Bloody awkward French!
"how Many would you like? "
*holds up one finger*
"Ahh yes, two it is! "

:joker:... I did actually live in France for a couple of months years ago, my now-wife (who has a French degree) was on her year abroad there. But I just stuck to her like glue the whole time. It wasn't in a tourist area like Paris, NO ONE spoke English... It was a strange experience for an ignorant Brit, really.

[user104658]

Also I got loads of 5 euro coins in Portugal?? What is going on with this bonkers currency :joker:

[MTVN]

Had some bloke pay me for a 40p newspaper with a £50 note the other day, couldn't bloody believe his cheek

[bots]

From a money laundering perspective, £50 notes are not required. Most organisations won't accept payment of high value items in cash, so a £50 note is pointless

[user104658]

Had some bloke pay me for a 40p newspaper with a £50 note the other day, couldn't bloody believe his cheek
That just sounds like someone wanting to "break" a £50 and buying a low priced item as an excuse. I personally would much rather people just straight up ask if they can swap it.

I personally don't understand why people need security pens / scanners etc... I've seen a tonne of fake notes, and you can basically tell by touch alone if a note is fake if you're used to handling cash. Even the best visual fakes "feel wrong".

[Niamh.]

Also I got loads of 5 euro coins in Portugal?? What is going on with this bonkers currency :joker:


I was in Portugal last summer and I didn't come across any €5 coins lol

[user104658]

I was in Portugal last summer and I didn't come across any €5 coins lol
I'm confused now. Maybe I imagined them...

[Kizzy]

I so want a £100 note, just to see the look on the bus drivers face...... hehehe! yeah change that ya twonk!!!

[Cherie]

There's a €5 coin???? Are you sure about that? I've never seen one :suspect:

There is no 5 euro coin, the English five pound note is due to be changed to a coin soon though

[Niamh.]

There is no 5 euro coin, the English five pound note is due to be changed to a coin soon though


Yeah I googled it lol can't believe TS made me doubt my own currency :fist:

[Cherie]

Yeah I googled it lol can't believe TS made me doubt my own currency :fist:

Was he really rolling round in 2,000 seeing as he can't identify the currency :omgno:

[Niamh.]

Was he really rolling round in 2,000 seeing as he can't identify the currency :omgno:


:fan:

[user104658]

It was probably 2000 yen or wsomething :(