Why Do People Get $100 Bills?

[lacrosse_lady72]

Why? Honestly, I don't understand.

I can't think of a reason (though I know I may be completely wrong) where you are forced to take a $100 bill in everyday life (such as cashing in a check or a cash form of payment) as you can get $20 bills instead.

Most places can't or won't take them so why?

ETA: I guess I'm being too general. The part I don't understand is when people try to use them at stores, especially restaurants and smaller establishments.

And perhaps I should mention that I have spend 5 times this week behind an idiot who argued with a cashier on why he/she couldn't take the $100 thus wasting my time! Yes, places like Walmart and Target will take them but Starbucks and 7-11 probably won't. It sucks I know, but get over it, it's not the cashier's fault. This was set off my some jerk at the Starbuck near work who completely blew up on some girl. Scum bag. Good thing DFiance was there to help out

 

[swald91]

WHEN I get them...I seem to hold onto them longer-once you break it-you seem to go through it SO quickly!

 

[BelleWDW]

It looks better in a Gift card then a bunch of $20's!



Also-some people have no checking account. when they cash their paycheck-its less bills to hold-possibly?

 

[GingerJay]

My boss gave us cash for our Christmas bonus- in $100 bills.

 

[Acklander]

Some people prefer to deal with cash only. Could you imagine how many $20.00 bills you'd need to pay your rent? Or to buy tickets for your family at Disney? You wouldn't be able to close your wallet.
While small stores like 7-11 or McDonald's won't take $100.00 bills (so they don't have to keep a ton of change on hand, and for security issues) There's no problem at places like Walmart, full service restaurants etc...

 

[okeydokey]

I've never been to a place that wouldn't take a 100. I usually get one at every paycheck and use it for the big week's grocery trip. Then I know I can't go over a 100.

 

[luvmyfam444]

"cause when you're getting 2,000 in cash - that's a WAD of 20's. I've never had a place turn away my $100 bills. I did have someone try around Christmas until I gave her a hard time

And yep, 100s take a while to get broken around here.

And we are almost exclusively using cash. We have a prepaid debit card that had some of dh's paycheck on it - but the majority is cash only.

 

[Breezy_Carol]

MIL gave DD23 and DS21 each a hundred dollar bill for Christmas. I could not wait until they either broke or deposited the bill.

 

[happygirl]

Why? Honestly, I don't understand.

I can't think of a reason (though I know I may be completely wrong) where you are forced to take a $100 bill in everyday life (such as cashing in a check or a cash form of payment) as you can get $20 bills instead.

Most places can't or won't take them so why?

I have never had a place not take a 100.00

Like a PP I can save 100 for longer I hate breaking a 100.

Bill paying is easier, When I go pay my car payment, I can take 100's and not have to worry about counting out 20's and making sure they don't get lost

 

[AKL_Megs]

When we vacation, we usually take $100 bills. It's less cash to carry around than a bunch of $20's... even a bunch of $50's. You break a $100, use it down, and then break another.

I have never had a place deny a $100 bill... if they wanted to, I would take my money someplace else.

You figure, if you are planning on bringing $500 cash, that would be 25 $20 bills!

 

[Art 1]

I have them all the time. Most people I know have them. Who would want to carry around a bunch of $20's.

 

[MizTink]

checkers turned me away just the other day. the total due was over $20, but they wouldn't take a $100 bill. that's the first time that ever happened to me. so we got 4 free drinks, but no food.

 

[FireDancer]

I rarely carry cash so I don't but if I were to use cash to buy, say, a $2,000 TV I would want to carry the least number of bills possible. I'd rather have 20 $100 bills then 100 $20 bills.

 

[QueenRocks]

Our credit union allows us to use the ATMs at 7-11 for no fees. If you request cash ovdr $100, you get $100 bill and the rest 20's. I hate it. I'll do 2 transactions so I won't get the $100 bill.

 

[lacrosse_lady72]

OP here,

As for gifts, I understand and it's not really what I'm talking about as it's not everyday life. Unless of course you give all your presents in $100 bill form...

I have dealt with cash only before, did so for 3 years. When I went to cash my check I asked for nothing bigger than $50 bills.

Maybe some of you don't go to places that don't take $100 bills as grocery stores, retail stores and bigger restaurant chains definitely don't have a problem with it but there are such stores around. I feel like the closer you get to a urban downtown setting, the more of them you see around.

But I do understand not wanting to receive $2000 in 20s or paying a large payment in 100s but you wouldn't just carry them around casually and use them at 7-11 would you?

OK, going on vacation doesn't count... not an everyday kind of situation. I wish though.

 

[disneyfav4ever]

I really don't like $100's, there's a lot of places around here that won't take them.

 

[MarkBarbieri]

Given the choice between a $100 bill and a $20 bill, I'll take the $100 every time.

Cash in my wallets last forever these days. Everyplace seems to take credit cards these days. Gas stations take them. Grocery stores take them. Restaurants (even McDonald's takes them). Heck, even the soda machines at our office take them. I think a $100 bill would last me for months.

 

[MommyMcQueen]

I really do not like having $100 bills either but lately seem to be getting them quite often - I babysit a neighbor's daughter part-time, a few hours a week, and her dad always wants to pay me with a $100 bill - when they only owe me $50 or $60 a week - like I am supposed to have $50 in cash laying around to give him change with.

I usually just deposit it or keep it until I know I'm going to spend close to that amount somewhere, I would never carry that much cash around day to day...to me that is a lot of money and I'm really not comfortable carrying that much cash around...plus it makes it so easy to spend!

 

[Imzadi]

Maybe some of you don't go to places that don't take $100 bills as grocery stores, retail stores and bigger restaurant chains definitely don't have a problem with it but there are such stores around. I feel like the closer you get to a urban downtown setting, the more of them you see around.

The majority of smaller stores in NYC won't take $100 bills. They are too worried about them being counterfeit. $81 in change is a lot to lose when they should have insisted on a $20 bill instead and given $1 change.

The stores that do take them, mark them with a special marker that changes color to identify counterfeit bills. They also have to hold the bills up to the light to check for that metal strip.

Many places also don't take them simply because they don't want to give out all their change to one person. It's not like they can then turn around & give the $100 bill to another customer for change. An emptied out cash drawer, because of 3 customers came in with $100 bills is a pain to deal with.

 

[kydisneyfans]

If I have $1,000 cash for some reason, I would rather have 10 bills in my wallet making it rather thin than 50 bills making it barely able to fold. If going away, I usually do several 100s and a few 20s, just in case the 100 cannot be taken.