Cent amounts in Finnland and Netherlands

[androl]

I have a question to the Finnish and Dutch people:
is it possible to have an amount of 1,234.56 € on a Finnish or Dutch bank account?
What happens if you want to have 34.56€ from your account, do you get them or does the 1 cent have to stay on the account?
If you are in a non-euro country and take money from an ATM, is the corresponding € amount rounded to 5 cents before taking it from your account?

[avij]

Yes.
No, I don't get the 1 cent. Either it stays there, or it's rounded (if closing the account or something).
No, those amounts will not be rounded.

[Fons]

Of course you can have an amount like that
If you pay with your bankcard, then the excact price will be payed.
Here the shops only round the total payment if you pay in cash.

If I wanna have €34.56 from my account, I don't know what I'll get.
But there's one thing you should know, we can still pay with 1ct and 2ct coins. The only thing is that almost no-one has these kind of coins because of the rouding. Only when I've been in a foriegn country where they don't round the money in the shops. Or when someone before me in the row in a shop pays with them, the next one usually gets them as change because the owner want's to get rid of them as quickly as possible....

[alex77r]

Yes.
No, I don't get the 1 cent. Either it stays there, or it's rounded (if closing the account or something).
No, those amounts will not be rounded.

Not a joke :

I closed my account in a french bank last week.
The amount they had to give me back was about x,91 euros

When they couldn't manage to find a coin of 1 cent, after a wait of 20 minutes (what a shame for a bank ), they asked me to come another day because in accounting you can't round the figures !!!

The end of the story is rather funny : the man looked again on his screen thus he said : oh I forgot the interests (6,05 euros), the real amount is x,96 and I have 2 cent coins

[Dakkus]

I actually asked the Finnish central bank what happens to the 1c and 2c coins /after/ they have been used. Guess what. They go to a huuge piggy bank, from which they "might be" (a quote as direct as I could remember) put back into circulation some day.
I don't think a Finnish shop would give the 1c and 2c coins to a customer in order to get rid of them, because that would be very rude. I would probably stop going to such a shop.
At least one high-end shop chain in Finland does give you the 1c and 2c coins IF you ask for them yourself AND they happen to have them.
Usually when I get the microcents while I'm abroad, I only get annoyed and feel like wanting to throw the person behind the counter with the worthless pieces of metal he/she has just given me. Rgh.
Me dislike microcents.

[androl]

so all cash actions have to be rounded to 5 cent, but cashless actions are exact to 1 cent. I guess that means you can't deposit x.01€ on your bank account? (If you can, you can also get x.99 from your account by giving 1 cent back to the customer )

I closed my account in a french bank last week.
they couldn't manage to find a coin of 1 cent, after a wait of 20 minutes

waiting 20 minutes for 1 cent, man, that is a low wage

they asked me to come another day

waiting 20 minutes and coming back the next day for ONE CENT? Man, that is really a low wage

it's a strange feeling if you wait in a shop for getting 1 cent back. Once the cashier dropped the cent into something and I should have to wait until she managed to pick it out, then I didn't want to wait and left and she shouted: hey, you get your cent!

in Switzerland the 1 rappen coin was declared invalid by 2007-01-01, that was a coin that no-one ever used because all prices are rounded to 0.05 Fr, and I am looking if that means that now 5 rappen is the lowest possible amount of money in all cases and bank accounts are rounded. That would be a logical step.

[Dakkus]

so all cash actions have to be rounded to 5 cent, but cashless actions are exact to 1 cent. I guess that means you can't deposit x.01€ on your bank account? (If you can, you can also get x.99 from your account by giving 1 cent back to the customer :) )

I closed my account in a french bank last week.
they couldn't manage to find a coin of 1 cent, after a wait of 20 minutes

:roll: waiting 20 minutes for 1 cent, man, that is a low wage :roll: :x

they asked me to come another day

:roll: waiting 20 minutes and coming back the next day for ONE CENT? Man, that is really a low wage :mrgreen:

it's a strange feeling if you wait in a shop for getting 1 cent back. Once the cashier dropped the cent into something and I should have to wait until she managed to pick it out, then I didn't want to wait and left and she shouted: hey, you get your cent!

in Switzerland the 1 rappen coin was declared invalid by 2007-01-01, that was a coin that no-one ever used because all prices are rounded to 0.05 Fr, and I am looking if that means that now 5 rappen is the lowest possible amount of money in all cases and bank accounts are rounded. That would be a logical step.

Of course you can deposit x,01c to your bank account, they are legal tender, after all.
It might be that the banks are not obliged to accept them, but since they are no problem at all for the banks (they just send them to the big jar of coins in Bank of Finland), it would be very bad customer service not accepting them.
However, I find it very unlikely that a bank would give those coins to a customer in any case. I can see no reason for making that possible and having a reserve of 1c and 2c coins in EACH bank would be a big cost factor without bringing anything useful to anyone.

I am also fairly sure that the Swiss system works like the Finnish system does. Why on earth would it not?

[androl]

now not any more because the 1 rappen is not legal tender any more. But it is possible to give them back to the National Bank until 2028, so maybe you can deposit 1 rappen to your bank account until 2028

[Dakkus]

now not any more because the 1 rappen is not legal tender any more. But it is possible to give them back to the National Bank until 2028, so maybe you can deposit 1 rappen to your bank account until 2028

It's only about the coin, not the face value of the coin. They haven't made it illegal having number 1 as the last number while telling an amount of money. The only occassion in which the rounding system comes to action is cash payment. There's no logical reason for doing it some other way around.

[androl]

I mean there's no logical reason why the 1 rappen should stay as lowest currency unit in banking if the lowest currency unit in cash has been changed from 1 rappen to 5 rappen. There's no logical reason why there always has to exist 1/100 of the main currency of any country.
In the official document there's nothing about it, but it might come some day. Also possible could be that every bank can decide their own policy. At least I've never heard that it's possible to have x.345 € anywhere. So I assume that 1 cent is the official lowest possible € amount in all cases.

[alex77r]

I think this topic has to be moved to "Euro-Notes and Coins Board"

[EuroNederweert]

In The Netherlands, you can pay with the coins of 0,01 and 0,02. No shop can reject it. If you go to a bank and ask for those coins, you can get them. In the Netherlands, there are many shops (not all) that rounds to 5 cents, but only when you're paying cash. (So not when you pay with your creditcard or other cards.)

[Zjonbelz]

I mean there's no logical reason why the 1 rappen should stay as lowest currency unit in banking if the lowest currency unit in cash has been changed from 1 rappen to 5 rappen. There's no logical reason why there always has to exist 1/100 of the main currency of any country.
In the official document there's nothing about it, but it might come some day. Also possible could be that every bank can decide their own policy. At least I've never heard that it's possible to have x.345 € anywhere. So I assume that 1 cent is the official lowest possible € amount in all cases.

Long time ago when they still had guldens in The Netherlands the 1ct coin became worthless too, but even when the lowest legal coin was 5 ct, in your bankaccount or when you pay plastic in a shop they still used the 1 cts, until the euro took over.