For me, a portefeuille is what my dad used for his driving license (old style), insurance papers, bills and so on. He carried the portefeuille in his inside coat jacket. A portemonnee is what he carried in his back pocket and contained only bills and coins. I still feel that a portefeuille is bigger than a portemonnee. However, as driving licenses and insurance papers now all are the size of credit cards, the portefeuille has become outdated. Nowadays, I only have a portemonnee.