$100 bills, do you see them often, do you use them?

[Floridaman999]

Got a note back from my second cousins friend by marriage twice removed that fur trading is still legal tender where he lives. Some things never change.

 

[ronandannette]

Somewhat related question.

I still have some Canadian $1 and $2 bills. Are they still accepted at stores? Or would one need to trade them in at a bank for loonies and toonies?

Not that I intend to do so. I'm keeping them as souvenirs.

Stupid as it sounds, it's now been so long since those bills went out of circulation, the current generation of retail cashiers would probably not recognize them. If you were spending them I'd definitely take them to a bank. Cute that you've got some; I didn't have the presence of mind to keep any. Another fun fact: Canada no longer has pennies. Prices are rounded to the nearest nickle if one is paying cash.

 

[kimblebee]

Got a note back from my cousin. He doubts anyone under 35 has seen paper currency, but it is still legal tender.

Well the loonie (1$) came out in 1987, and the toonie ($2) came out in 1996, so he’d be wrong.

 

[RedAngie]

Stupid as it sounds, it's now been so long since those bills went out of circulation, the current generation of retail cashiers would probably not recognize them. If you were spending them I'd definitely take them to a bank. Cute that you've got some; I didn't have the presence of mind to keep any. Another fun fact: Canada no longer has pennies. Prices are rounded to the nearest nickle if one is paying cash.

I probably have some Canadian pennies too.

I wish the US would eliminate the penny (and nickle) for cash transactions. Round everything to the nearest 10 cents.

 

[Dan Murphy]

Somewhat related question.

I still have some Canadian $1 and $2 bills. Are they still accepted at stores? Or would one need to trade them in at a bank for loonies and toonies?

Not that I intend to do so. I'm keeping them as souvenirs.

As far as I can remember they are still legal tender. You may get a millennial who looks at you funny if you try to pay with a $1 bill though lol

Got a note back from my cousin. He doubts anyone under 35 has seen paper currency, but it is still legal tender.

Are there no longer paper bills in Canada?

 

[tvguy]

Well the loonie (1$) came out in 1987, and the toonie ($2) came out in 1996, so he’d be wrong.

Not at all. 1987 was 32 years ago, so they would have been 3 and 12.

 

[SirDuff]

Are there no longer paper bills in Canada?

Lowest denomination in paper form is the $5 bill.

 

[kimblebee]

Not at all. 1987 was 32 years ago, so they would have been 3 and 12.

and 1996 was only 23 years ago. So they would have been 12 and 21?

 

[soccerdad72]

and 1996 was only 23 years ago. So they would have been 12 and 21?

And I'm assuming that bills didn't all disappear from circulation the year that the coins were introduced? So, it's likely they were used for many years after 1987 (or 1996).

 

[tvguy]

And I'm assuming that bills didn't all disappear from circulation the year that the coins were introduced? So, it's likely they were used for many years after 1987 (or 1996).

I was up in 95 or 96 on a visit and my cousins told me then not to use my paper currency (small bills) so I don't recall seeing any back then.

 

[Dan Murphy]

Lowest denomination in paper form is the $5 bill.

Really? I must lead a sheltered life, LOL. Are there $1 coins?

 

[kimblebee]

I was up in 95 or 96 on a visit and my cousins told me then not to use my paper currency (small bills) so I don't recall seeing any back then.

Your cousins have been wrong before. I seem to recall they live quite rurally, no?

 

[CdnCarrie]

Really? I must lead a sheltered life, LOL. Are there $1 coins?

Yes. They have a loon on them and are called loonies.
Two dollar coins are called toonies. (Polar bear on one side, Queen E. on the other side.).

 

[Dan Murphy]

Yes. They have a loon on them and are called loonies.
Two dollar coins are called toonies. (Polar bear on one side, Queen E. on the other side.).

Lowest denomination in paper form is the $5 bill.

Thank you both for bringing me up to date.

 

[BLAZEY]

Most of our banks need advance warning if you’re going to convert money.

I have a USD account. The BMO near me keeps a good stock of USD on hand as would most banks, but other currencies you DO need to "pre-order"

As for the original question, DH hands me a stack of Bordens (Canadian $100 bills) once a month for me to deposit into our Joint account, because he only carries his Credit union debit card and not the BMO debit card with him. I then go and deposit them in the joint account.

 

[BLAZEY]

https://www.bankofcanada.ca/banknotes/upcoming-changes-to-legal-tender-status-for-older-bank-notes/

Got a note back from my cousin. He doubts anyone under 35 has seen paper currency, but it is still legal tender.

Yes the are still legal tender but shops may not take them. They are worth face value at the bank. Depending on the condition some note are worth more as collectors pieces.

 

[tvguy]

Your cousins have been wrong before. I seem to recall they live quite rurally, no?

Ottawa in this case. Until a year ago. He retired from teaching and moved to Summerside PEI last year.
Our reunions were always in Saskatchewan, rural lake, that may be what confused you.

 

[BLAZEY]

Are there no longer paper bills in Canada?

No, we have Polymer banknotes now. If a paper on is used from someone's stash, when it makes it to the bank it will be pulled from circulation.

 

[CdnCarrie]

As for the OP's question - I rarely even carry cash anymore. Sure I've seen $100 bills but it's been awhile.

 

[Dan Murphy]

No, we have Polymer banknotes now. If a paper on is used from someone's stash, when it makes it to the bank it will be pulled from circulation.

And thank you.