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Who gets paid with 100 dollar denomination bills?/rant

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  • Who gets paid with 100 dollar denomination bills?/rant

    I don't know why people come to the bookstore to break big bills. Where are they getting big bills? I know if you go to the bank around my area (and I am/was member of 5 different banks in my lifetime) they will give you 20 dollar denomination bills though 90% of the time they will first ask you what denomination you want it in.

    I figure there are many under-the-counter jobs that the boss finds it easier to carry to carry Benjamins then Hamiltons, but the amount of people with big bills make no sense to me that they come to a bookstore to get change. It seems 1/2 the time people are spending $10 or less (though the mode is $10.81) and paying with a Benjamin.

    Again, where do people get big bills from, if not the bank, the place where they actually can get small bills if they cash a check if they request for smaller bills.
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  • #2
    I got a hundred dollar bill once when I sold a bunch of dvds to a used video store. I decided to declutter my dvd collection and ended up with several bags to sell. It came to over $100 and I wanted cash rather than store credit. The cashier had to get the manager because there wasn't enough in the register. I really would have preferred twenties, but I didn't want take up any more of the staff's time so I took the hundred dollar bill.

    Of course, this was a one time thing for me, and I doubt a lot of people are getting hundred dollar bills at the video store.

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    • #3
      Anyone who gets paid cash because their employer wants to duck tax laws.
      "I try to be curious about everything, even things that don't interest me." -Alex Trebek

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      • #4
        It's not an everyday occurrence at my store, but it's also not unknown, for people to make relatively small purchases (we're talking maybe $15 or $20) with a $100 bill. No, we don't have a scanner to detect fake bills. As far as I know we haven't been burned yet. Could be just luck.

        Why don't they just break it at a bank, you ask? I've no idea. I guess because enough stores will take them.
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        • #5
          I've interview people on a regular basis who do get paid cash. Often, these interviews happen through translators. This causes some misunderstandings, because when I ask how they are being paid, what I am really asking is "do you get checks or are you paid in cash" and they often will say something like "I usually get 10 twenty dollars and 5 ten dollars. Sometimes I get 11 twenty dollars and 3 10 dollars." OK, fine, that means they get paid in cash.

          However, my point is, nobody has ever said "I get 2 hundred dollars and 1 fifty dollar."

          There are only two times that I personally have bills larger than $20s. 1 is if I am going to pay cash for something that costs over a couple of hundred. Then I ask for large bills because its easier to count out than a bunch of $20s. The other reason is that I have sold something and get paid in large bills for the same reason.

          I have only once used one of those large bills to pay for a small purchase and that was an emergency. I was heading to work and needed cigs. I apologized, and I truly was sorry, but stuff had happened and that was my only way of getting through the day without killing someone.

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          • #6
            The only people I ever see with $100 bills are minimum wage employees who want to impress people -- come in my gas station and break $100 to buy a $1.05 cent cigarillo on Weekend nights, when they are out with the woman, or their friends. Come in broke as hell on Wednesday and bumming the 5 cents from me. They forget I know where they work, and that $100 bill is most of their pay check.

            Since my boss pays us out of the registers (not under the table, we have pay stubs, he just doesn't write checks for us) he tries to pay us with big bills, but I refuse to take anything over a $20, unless my rent is due and I can just pass the big bills to the landlord.

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            • #7
              Quoth depechemodefan View Post
              I figure there are many under-the-counter jobs that the boss finds it easier to carry to carry Benjamins then Hamiltons
              Think you meant Jackson. Hamilton is on the $10 bill, Jackson is on the $20.

              About the only time I have large bills is if I know I'm going to be spending at least $200 all in one go and paying cash rather than putting it on a debit card. A very few times it's happened that I went to cash a check at the bank and the teller tried to give me large bills without asking. I politely refuse them and ask for nothing larger than $20s. Most of the time, though, the teller will ask first. Heck, even our ATMs ask how you want your money if the withdrawal is over $100.
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              • #8
                Quoth WishfulSpirit View Post
                Anyone who gets paid cash because their employer wants to duck tax laws.
                The supermarket where I used to work cashed checks for people, including paychecks. And most of the people who worked their would cash their paychecks there. This was almost 30 years ago, so I don't know if supermarkets still do that.
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                • #9
                  Quoth MadMike View Post
                  The supermarket where I used to work cashed checks for people, including paychecks. And most of the people who worked their would cash their paychecks there. I don't know if supermarkets still do that.
                  The one I work at does. We also have the option of part direct deposit which I chose.
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                  • #10
                    Quoth MadMike View Post
                    The supermarket where I used to work cashed checks for people, including paychecks.
                    My old place would cash employees' paychecks; I seem to recall there being something about a "check card" where customers could cash checks at the desk, but never saw anyone actually doing it. Sometimes the service desk would ask if I was okay with getting a hundred-dollar bill depending on what they had (or whether they wanted to annoy the cash office) at the time.

                    I have direct deposit now so I don't know if they cash checks or not.
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                    • #11
                      Quoth MadMike View Post
                      The supermarket where I used to work cashed checks for people, including paychecks. And most of the people who worked their would cash their paychecks there. This was almost 30 years ago, so I don't know if supermarkets still do that.
                      Some supermarkets do still cash checks, and there's usually a 1% to 3% fee for it. So it would cost you between $10 and $30 to cash a $1,000 check.

                      Aside from that, I think you can ask for the $100 bills.
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