How to print formatted BigDecimal values?

public static String currencyFormat(BigDecimal n) {
    return NumberFormat.getCurrencyInstance().format(n);
}

It will use your JVM’s current default Locale to choose your currency symbol. Or you can specify a Locale.

NumberFormat.getInstance(Locale.US)

For more info, see NumberFormat class.

To set thousand separator, say 123,456.78 you have to use DecimalFormat:

     DecimalFormat df = new DecimalFormat("#,###.00");
     System.out.println(df.format(new BigDecimal(123456.75)));
     System.out.println(df.format(new BigDecimal(123456.00)));
     System.out.println(df.format(new BigDecimal(123456123456.78)));

Here is the result:

123,456.75
123,456.00
123,456,123,456.78

Although I set #,###.00 mask, it successfully formats the longer values too. Note that the comma(,) separator in result depends on your locale. It may be just space( ) for Russian locale.

Another way which could make sense for the given situation is

BigDecimal newBD = oldBD.setScale(2);

I just say this because in some cases when it comes to money going beyond 2 decimal places does not make sense. Taking this a step further, this could lead to

String displayString = oldBD.setScale(2).toPlainString();

but I merely wanted to highlight the setScale method (which can also take a second rounding mode argument to control how that last decimal place is handled. In some situations, Java forces you to specify this rounding method).