Some institutions insist on their fees being paid by cheque or credit card and refuse notes - is this legal?
2006-09-21 07:06:05 · 13 answers · asked by uncle bobby 1 in Politics & Government ➔ Other - Politics & Government
i just paid for something with a fiver so it is obviously still legal!
2006-09-21 07:07:21 · answer #1 · answered by Loobyloo 4 · 1⤊ 0⤋
No five the five pound note is legal tender. It is,however, not illegal to ask for credit card or cheque, very often this is done for ease of accounting and some companies simply do not have the facility of dealing with cash. However if you are in a shop or sales outlet I cannot see why they would refuse cash.
2006-09-21 14:13:09 · answer #2 · answered by Grannygrump 3 · 0⤊ 0⤋
While the fiver, [five pound note] remains legal tender [Bank of England], it is perfectly within anyone's rights to refuse to accept banknotes as a method of payment. Cash money attracts thieves and for this reason some institutions may prefer not to have thousands of pounds left overnight in a safe on their premises.
2006-09-21 14:25:03 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The five pound note is definitely still legal tender, however there are less in circulation these days as most cash machines don't dispense them. But I've never heard of anywhere refusing to accept cash!
2006-09-21 15:18:56 · answer #4 · answered by Jude 7 · 0⤊ 0⤋
Of course its still legal tender. Some companies may refuse cash because cheques and credit cards are safer for them than holding vast amounts of cash on the premises.
2006-09-21 14:10:23 · answer #5 · answered by mistickle17 5 · 0⤊ 0⤋
it's legal tender. Some shops refuse cheques and credit cards for that amount as they say it's to much of a cost to process that little amount.
2006-09-25 08:42:58 · answer #6 · answered by stormyweather 7 · 0⤊ 0⤋
Scottish banks still issue fivers and contrary to popular belief mainly in arrogant England are legal tender all over the uk .Remember who owns nat west.
2006-09-21 16:03:02 · answer #7 · answered by joseph m 4 · 0⤊ 0⤋
Its still legal tender if institutions are stupid enough to refuse you have the ultimate sanction go don't deal with them.Regards Mick
2006-09-21 15:18:45 · answer #8 · answered by mick 6 · 0⤊ 0⤋
Five pounds? You mean British currenecy?
The Canadian five dollar bill is alive and well. Unless the Canadian Mint starts messing around again.
2006-09-21 14:11:46 · answer #9 · answered by chocolatemeringue_04 3 · 0⤊ 0⤋
Very interesting - would love to know who refused cash!
Can only think that a company could say that if you were trying to send cash through the post.
Tell us who!!!
2006-09-21 14:10:06 · answer #10 · answered by Anonymous · 0⤊ 0⤋