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    Is the 500 euro note still valid in Finland?

    What to do with a 500 euro note today.

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    Short answer

    Yes. The European Central Bank stopped issuing 500 euro notes on 27 April 2019, but those in circulation keep their value and remain legal tender. The Bank of Finland says it does not exchange 500 euro notes for smaller ones, but you can deposit them in your own bank account. Many shops and restaurants may refuse such large notes, so using one for payment can be difficult.

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    Why

    1. The ECB says issuance of the 500 euro note ended on 27 April 2019.
    2. The ECB says 500 euro notes keep their value indefinitely.
    3. The Bank of Finland advises depositing 500 euro notes at your own bank.

    Details

    The ECB decided in 2016 to stop producing the note because of concerns that it was often used for illegal activity.

    Tip

    Ask before you try to pay with a 500 euro note. Small businesses rarely have change for it.

    What may differ

    Shops may set their own rules on the largest notes they accept, as long as they inform customers.

    Common misconception

    500 euro notes are no longer worth anything.

    What actually happens

    They keep their full value and remain legal tender.

    People also ask

    • What is the largest euro banknote issued today?
    • Are old euro banknotes still valid?
    • Can a shop refuse cash in Finland?

    Sources

    This answer is for reference only. Payment rules and fees change, so check the official sources or your bank before you pay.

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