As summer travel surges and cash remains king in many corners of Europe, British holidaymakers may find themselves caught off guard – not by exchange rates, but by the very notes and coins they carry.
While contactless payments dominate at home, cash still plays a vital role abroad, especially in local markets, taxis, and tip jars. But not all euros are created equal.
The €500 Note: Legal Tender, Local Trouble
Once the preserve of high rollers and discreet transactions, the €500 note has become more of a liability than a luxury. Though still technically legal tender, the European Central Bank ceased production in 2016 due to its association with illicit activity. Today, many retailers across Spain, France, and beyond simply refuse to accept it.
What to do if you have one:
Exchange it at a local bank – preferably before you travel. In Spain, for instance, banks will swap it for smaller denominations, but don’t expect to use it at a beachfront café or boutique hotel.
The €50 Note: Damaged Bills May Be Declined
Starting July 2025, Spain’s central bank is phasing out old and damaged €50 notes in a bid to reduce fraud and improve transaction security. While crisp €50s remain widely accepted, worn, torn, or ink-stained versions may be rejected by cashiers – especially in tourist-heavy areas.
Tip for travellers:
When exchanging currency, inspect your €50 notes. If they’re creased, faded, or marked, request replacements. Damaged notes can be exchanged at Bank of Spain branches with valid ID, but counterfeit or intentionally defaced bills won’t be accepted.
Copper Coins on the Way Out
The humble one- and two-cent euro coins are quietly vanishing from tills across the continent. Countries like Ireland, Belgium, and Italy have already stopped minting them, opting instead to round cash transactions to the nearest five cents. Spain and other Eurozone nations are actively considering following suit.
What this means for tourists:
While these coins are still legal tender, they’re increasingly unwelcome. Don’t be surprised if your handful of coppers is met with a polite shake of the head or simply ignored.
Travel Light, Spend Smart
For British travellers heading to the Eurozone, the message is clear: opt for smaller, newer notes and avoid hoarding copper change. While digital wallets and cards offer convenience, cash still opens doors in many destinations – just make sure yours isn’t stuck in the past.