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The rate the banks pay when exchanging money is called the inter-bank rate. This is the rate the banks pay when they are trading with each other (usually a few million dollars per trade). This is the true exchange rate. The banks make a margin on top of this, and give you their exchange rate with the fee included.
Banks and credit unions will exchange currency for you before and after your trip if you have a checking or savings account with them. The exchange rate at your local bank is usually better than using a currency exchange provider at the airport.
To get the best exchange rate, wait until you arrive at your destination. While most major airports feature a currency exchange desk, you are likely to get a better rate directly from an ATM affiliated with a major bank. ATM cards most likely to work trouble-free overseas are those with a four-digit PIN.
The highest value of denomination currently in production is the $100 bill, but in decades past, the Federal Reserve has issued $1,000, $5,000, $10,000 and even $100,000 bills.
Originally Answered: Can you get a 500 dollar bill from the bank? No. They were taken out of circulation many, many years ago. When one of them crosses the counter of a bank, the teller has to have the customer fill out the same cash transaction form that is required for a 10,000 cash deposit or withdrawal.
Originally Answered: Can you get a 500 dollar bill from the bank? No. They were taken out of circulation many, many years ago. When one of them crosses the counter of a bank, the teller has to have the customer fill out the same cash transaction form that is required for a 10,000 cash deposit or withdrawal.
No you cannot obtain a one thousand US dollar currency note or bill from any bank. This because the US government had terminated circulation of them in the late 1960s. They are still legal tender and all banks will accept one when it is presented to them. However, you can still purchase such a bill from other sources.
Some $1,000 bills can be worth several thousand dollars each. Your standard value for a generic note in lightly circulated condition is probably $1,600. However, there are plenty of exceptions to that rule.
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