Caporegime
according to someone on radio 2 they arent obligated to take over 20p in pennies !?!
Shops refusing to take £50 notes
- Thread starter 4p
- Start date
Does that mean they asked if you wanted the fifties or not, that should have been a clue.
Soldato
Even so, there seems to be a lot of conflicting information on the matter. How do we know what's actually right?
Soldato
Wouldn't really make sense for people to fake £50s as they are the notes shops pay the most attention to !
I think in coppers legal tender is up to 20P
But I believe shop can accept / refuse whatever they wish.
I've paid for stuff worth £5 before in my local shop using coppers (all bagged up of course!) and they accept it no problem
I think in coppers legal tender is up to 20P
But I believe shop can accept / refuse whatever they wish.
I've paid for stuff worth £5 before in my local shop using coppers (all bagged up of course!) and they accept it no problem
Man of Honour
Soldato
No it's not.
Man of Honour
Bank of England's take on the matter. Technically Scottish banknotes are promissory notes i.e. the issuing banks will pay the bearer on demand the sum that is on the face of the note. The difference usually doesn't matter as most will accept them as if they were legal tender but they are not officially legal tender.
//edit I'm way too slow with that link.
Associate
I think any retailer has the right to refuse to service and when I did work in retail I did so on a few occasions when i felt the money given was not legitimate or the way in which it was used was suspicious.
I would definately eye a £50 note for a £1 sandwich with extreme caution, probably to the point of seeking managerial authorisation or refusing the sale.
Why?
Because if the bank note turns out to be fake you just gave back £49 in legal tender.
I would definately eye a £50 note for a £1 sandwich with extreme caution, probably to the point of seeking managerial authorisation or refusing the sale.
Why?
Because if the bank note turns out to be fake you just gave back £49 in legal tender.
Soldato
I hate taking English £50's as there's nothing to glow under the black light. Every other note, including the Norn Irish fifties have a hidden pattern.
It's a case of hoping that the magic pen hasn't dried up.
We get quite a few as our local Primark pay them out in wages. And as for change, very few shops outside the big supermarkets keep twenties in the tills, so handing one to a cashier with few tenners in their till will result in you being called a **** under their breath.
It's a case of hoping that the magic pen hasn't dried up.
We get quite a few as our local Primark pay them out in wages. And as for change, very few shops outside the big supermarkets keep twenties in the tills, so handing one to a cashier with few tenners in their till will result in you being called a **** under their breath.
Soldato
How bizarre. Every shop I've ever worked in has taken Scottish notes as long as they're from the Clydesdale Bank or Bank of Scotland, and Northern Irish notes as long as they're from Ulster Bank.
I wonder if places in the Eurozone have this trouble.. after all, they have 50, 100 and 500 euro notes. Why bother printing them if places aren't going to take them?
Caporegime
I often get £50 notes in my wages, only place where i can hand them over without getting a dodgy look is my local pub.
Man of Honour
A shop can accept camels if they want to, but the don't have to.
Man of Honour
They have the qualities of money in that they're widely accepted, act as a store of value and can be exchanged for goods or services but technically they're not legal tender - as mentioned it scarcely matters most of the time. It's only ever likely to be a problem if there was a doubt that the issuing banks were 'good' for the money and that doesn't seem terribly likely.
Soldato
Actually, there was one instance..
It's an odd one. If it's fake and said shop found this out and forked over £49 change to you, they've lost out a lot more than if they'd happily taken a fake £20. That said, I've genuinely seen very few £50 notes in 4 years in retail but after checking them larger stores would probably take them. Did you really have to a buy a £1 sandwich with a 50
Man of Honour
Soldato
Nah, used 100 euro notes all the time when i was in Italy, very common over there.
I was under the impression that you had to pay with money ('Coin of the Realm'). It's been a long time since I read about it but i'll try and find my source, but it explained that in order for the government/banks to make money (way back when anyway), they essentially 'lend' you the money that you own, and prohibitted actual exchange of goods for goods, services for services and a combination, so you and another party may have a good and service respectively or equal worth, but you would have to take money out, exchange that and pay tax on it.
True that.
It's a nuisance to the cashier who then has to apologise to later people that they don't have enough smaller notes in the till for cashback/change because some people insist on paying for a £1 butty with a £50 note.
Even if it is a supermarket they have a £50 or £100 limit in notes in the till in the morning and after sending off cash. Since the cashback limit is usually £50, asking for the max first thing in the morning is another good way to wind up a cashier.