As reported by data intelligence firm SAS Analytics, $100 bills make up 34% of paper currency in circulation in the U.S. and account for 82% of its total value. This means that most of the paper money in the country is in the form of hundred-dollar bills. Despite this, there are still reasons why someone may want to walk into a bank and ask for a $100 bill, whether for a special occasion or to keep as emergency cash.
Interestingly, although $100 bills are the most common form of paper currency, they are also the least commonly used in transactions. ATMs often do not dispense hundreds, many retailers do not accept them, and people generally avoid using them for everyday purchases due to suspicions of counterfeiting. The $100 bill is often associated with criminal activity, with individuals such as tax evaders, money launderers, and counterfeiters using them for illicit purposes.
There have been calls to stop the printing and circulation of $100 bills due to their association with criminal activities. The $100 bill has historically been targeted for elimination due to its popularity among criminals. In the past, the Treasury has stopped printing and recalled higher-denomination bills due to their use in money laundering schemes, leaving the $100 bill as the highest denomination in circulation.
When requesting $100 bills at a bank, it is important to time your visit appropriately. Avoid peak banking hours, such as busy mornings or lunch rushes, as this can lead to longer wait times and potential frustration for both customers and staff. It is also best to avoid visiting the bank when their cash supplies are low, such as after weekends or holidays, to ensure a smoother and more efficient banking experience.
Calling ahead before visiting the bank to request $100 bills is recommended, as banks may not always have them readily available. Depending on their cash reserves and current inventory, the bank may not be able to fulfill your request on the spot. By calling ahead, you can ensure that the bank can accommodate your request and save time for both yourself and the staff. Planning your visit during quieter periods, such as mid-morning or mid-afternoon on weekdays, can also help avoid delays.
