Asked By: Seth Jackson Date: created: Aug 15 2021

Can I pay a fine in pennies UK

Answered By: Alejandro Reed Date: created: Aug 18 2021

As long as both parties agree to accept the payment, everything is fine.

But if you want to buy something in a shop, or pay a bill, you have to agree to pay legal tender.

Coins are legal tender throughout the UK for the following amount: 1p – for any amount up to 20p..

Asked By: Sebastian Green Date: created: Jul 04 2021

Why do some places not take $100 dollar bills

Answered By: Connor Rodriguez Date: created: Jul 06 2021

As someone who use to manage a restaurant at a fast food chain, the reason why we use to refuse $100 bills is that the company required that cashiers keep less than $125 worth of change in the till. This was to limit the risk of the place being robbed.

Asked By: Tyler Brown Date: created: Jan 26 2022

Is it illegal to not give change

Answered By: Oswald Rodriguez Date: created: Jan 29 2022

There is no federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law that says otherwise.

Asked By: Colin Williams Date: created: Mar 30 2021

Can you refuse legal tender

Answered By: Keith Peterson Date: created: Apr 02 2021

Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. … In some jurisdictions legal tender can be refused as payment if no debt exists prior to the time of payment (where the obligation to pay may arise at the same time as the offer of payment).

Asked By: Gordon Wilson Date: created: Nov 20 2021

Is it illegal for stores not to accept 100 bills

Answered By: Oswald Murphy Date: created: Nov 22 2021

For the seller: NO (in the US). The transaction is in the nature of an exchange; there is no debt. Seller can specify form of payment and refuse any denomination, whether “legal tender,” or not. Obviously the bus driver can’t fuss with making change on a $20 bill, and the vending machine can’t handle a $100 bill.

Asked By: Cody Jones Date: created: Jan 02 2021

Can a company refuse to give change

Answered By: Connor Parker Date: created: Jan 04 2021

Not only are they not legally bound to give change – its up to you to provide the right money, they are also only legally bound to take coins. … They cannot however refuse payment in coins although they can of course refuse to sell to you outright.

Asked By: David Jones Date: created: Jan 29 2021

Where can you break a $50 bill

Answered By: Isaac Campbell Date: created: Jan 30 2021

EMSK: The easiest ways to break large bills ($50’s, $100’s) and what places have to accept them.municipal dumps/transfer stations.sit-down resturants.state run liqour stores.Autoshops/mechanics.many cash-only businesses.More items…

Asked By: Hunter Bell Date: created: Dec 07 2021

Can stores not give you your change

Answered By: Owen Price Date: created: Dec 10 2021

Coins are currently hard to come by and, as a result, some grocery stores, banks and restaurants may not be able to provide you with change. … Other major retailers, including Walmart, CVS, 7-Eleven, Wawa and Starbucks, have started encouraging customers to pay with credit cards, debit cards or exact change.

Asked By: Lewis Foster Date: created: Nov 20 2020

Can an employer pay you in pennies

Answered By: Fred Hall Date: created: Nov 21 2020

When the Times asked the Department of Labor “if it was legal to pay an employee in dirty, grease-covered pennies,” a spokesperson replied in an email, “There is nothing in the regulations that dictate in what currency the employee must be paid.”

Asked By: Jesse Hughes Date: created: Mar 11 2021

Can shops legally refuse 50 notes

Answered By: Nicholas Reed Date: created: Mar 14 2021

The quick answer is yes, they can refuse to accept the notes. And not that are not legal tender, but the definition of the term can be interpreted differently. … ‘It means that if you are in debt to someone then you can’t be sued for non-payment if you offer full payment of your debts in legal tender.”

Asked By: Ryan Stewart Date: created: Oct 07 2021

Can ATM give fake money

Answered By: Carl Rodriguez Date: created: Oct 08 2021

ATMs have a mechanism that reads money. It will automatically reject counterfeit and mutilated bills. Also, many ATMs are serviced directly by armored car services, so the cash comes directly from the federal reserve. There is no chance of ever getting a counterfeit bill from an ATM.

Asked By: Wyatt Barnes Date: created: Oct 21 2021

Why are we having a change shortage

Answered By: Blake Davis Date: created: Oct 22 2021

Why is the U.S. facing a coin shortage? As the spreading coronavirus and resulting business closures crippled economic activity in the United States, the circulation of coins dropped off significantly. The U.S. Mint, which manufactures the nation’s coin supply, also decreased staffing in response to the pandemic.

Asked By: Alexander Wilson Date: created: Nov 16 2021

Will the UK become a cashless society

Answered By: Bryan Thomas Date: created: Nov 19 2021

The UK is at risk of ‘sleepwalking into a cashless society’ before it is ready, according to a recent report. Alternative payment methods may make cash obsolete by 2026 – but millions of people remain reliant on cash for everyday payments.

Asked By: Evan Johnson Date: created: Sep 26 2020

Is it illegal to refuse cash UK

Answered By: Alexander Henderson Date: created: Sep 29 2020

According to the Money Saving Expert, shops are legally allowed to refuse cash payment for items as long as they are not discriminating against the customer. … “It means if you have a court awarded debt against you if someone tries to settle and they’re paying in the legal tender you cannot refuse it.

Asked By: Jackson Davis Date: created: May 26 2021

Can a business refuse $100 bill

Answered By: Chase Watson Date: created: May 26 2021

Yes, U.S. currency of any denomination is “legal tender FOR ALL DEBTS, public and private.” But when you go into a store you (normally) don’t owe them anything. … Meaning that they can refuse to take “your currency.” Open an account at the store, and run up a debt. Then you can pay in any denomination.

Asked By: Hunter Powell Date: created: Nov 19 2020

How much can you legally pay in pennies

Answered By: Roger Washington Date: created: Nov 22 2020

What are your rights with coins? Amazingly the British Coinage Act (1971) states that 1p and 2p coins are only legal tender up to the value of 20 pence. However, you can use more coins if the person you’re paying is willing to accept them.

Asked By: Ashton Hughes Date: created: Aug 01 2021

Are cash only businesses legal

Answered By: Sean Walker Date: created: Aug 03 2021

Though cash is legal tender, no law requires businesses to accept it. Just as the law allows businesses to decline large bills or payment entirely in pennies, you can set a policy for your business that you’ll only accept credit or debit cards.

Asked By: Brandon Cox Date: created: Sep 26 2021

Can a business refuse old money

Answered By: Harry Scott Date: created: Sep 26 2021

The short answer: yes. As mentioned, there is no federal law that mandates private businesses to accept cash as a form of payment. Ultimately, it’s up to the business to decide whether or not they want to accept cash payments (unless there is a state or local law that says otherwise).

Asked By: Seth Green Date: created: Nov 19 2021

Can you refuse pennies as payment

Answered By: Andrew Lee Date: created: Nov 22 2021

While federal law states that coins are legal tender, it does not compel anyone to accept them. If a business doesn’t want to take pennies — or a $100 bill, for that matter — it has a legal right to refuse them.

Asked By: Ashton Morgan Date: created: May 05 2021

Is it illegal to make a floor out of pennies

Answered By: Jayden Hall Date: created: May 06 2021

Is A Penny Floor Illegal? No, penny floors are not illegal. Using pennies as a building material is perfectly legal. Contrary to popular belief, you can even damage the pennies or melt them down completely in order to create the penny floor of your dreams.

Asked By: Michael Brooks Date: created: Feb 11 2021

Can a bank refuse to make change

Answered By: Harold Parker Date: created: Feb 14 2021

There is no law that requires banks to make change. In fact, laws to guard against money laundering prohibit banks from making change for any old amount. … “No exceptions are able to be made to the $25 maximum due to Bank Secrecy Act reporting (to which all currency and coin exchanges are subject).”

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