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Author Topic: Paper fivers  (Read 3910 times)

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ronnyd

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Paper fivers
« on: 20 February 2017, 19:17:25 »

SWMBO went into our local pub today and they refused to take her old paper £5 note. Has anyone on here had the same thing happen and also, can they refuse it as it is still legal tender?  ???
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tunnie

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Re: Paper fivers
« Reply #1 on: 20 February 2017, 19:26:11 »

Still legal tender, the pub cashier is being a n00b
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STEMO

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Re: Paper fivers
« Reply #2 on: 20 February 2017, 19:33:54 »

Still legal tender, the pub cashier is being a n00b
Learn to spell ,Tunnie, it's knob.  ;D
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Ever Ready

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Re: Paper fivers
« Reply #3 on: 20 February 2017, 19:39:54 »

Ask if they will take a paper twenty pound note, when they undoubtedly say yes, tell them to Foxtrot Oscar and take your business elsewhere :)
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STEMO

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Re: Paper fivers
« Reply #4 on: 20 February 2017, 19:41:55 »

They are legal tender until May 5th.
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Ever Ready

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Re: Paper fivers
« Reply #5 on: 20 February 2017, 20:59:09 »

They can be redeemed at the Bank of England at any time in the future. The Bank of England will honour all bank notes it has issued at face value for all time.

http://www.bankofengland.co.uk/banknotes/Pages/withdrawn/default.aspx
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Andy H

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Re: Paper fivers
« Reply #6 on: 20 February 2017, 21:32:09 »

Still legal tender, the pub cashier is being a n00b
Learn to spell ,Tunnie, it's knob.  ;D
I thought a n00b was a wide eyed newbie :-\
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TheBoy

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Re: Paper fivers
« Reply #7 on: 21 February 2017, 11:49:35 »

Even if legal tender, any retail establishment has the right to refuse to take money.

You'll find many outlets won't accept Scottish notes, or £50 notes. That is their right.
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TD

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Re: Paper fivers
« Reply #8 on: 21 February 2017, 14:17:59 »

Even if legal tender, any retail establishment has the right to refuse to take money.

You'll find many outlets won't accept Scottish notes, or £50 notes. That is their right.

I was shown a trick by a cashier at my bank to tell if £50 notes are real

Rub £50 note on a white sheet of paper, if real it leaves a pinkish smudge on the paper  :y
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aaronjb

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Re: Paper fivers
« Reply #9 on: 21 February 2017, 14:18:55 »

£50s are all forgeries. You can give them to me to destroy, I'm an honest sort of bloke.
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X30XE

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Re: Paper fivers
« Reply #10 on: 21 February 2017, 16:16:15 »

Even if legal tender, any retail establishment has the right to refuse to take money.

You'll find many outlets won't accept Scottish notes, or £50 notes. That is their right.

Wouldn't happen to know where that's written in law would ya?  I always thought that it was the consumers responsibility to offer payment for goods rather than ensure payment was taken. Eg: I offered you legal tender, a £50 note, if you don't want to accept it I will still be leaving the shop with the goods. Your choice.  no?  :-\
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TheBoy

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Re: Paper fivers
« Reply #11 on: 21 February 2017, 20:25:58 »

Even if legal tender, any retail establishment has the right to refuse to take money.

You'll find many outlets won't accept Scottish notes, or £50 notes. That is their right.

Wouldn't happen to know where that's written in law would ya?  I always thought that it was the consumers responsibility to offer payment for goods rather than ensure payment was taken. Eg: I offered you legal tender, a £50 note, if you don't want to accept it I will still be leaving the shop with the goods. Your choice.  no?  :-\
Incorrect.  The contract does not take place until the goods are paid for.  Any payment can be refused, thus the contract does not take place.  Irrespective of legal tender or otherwise.
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TD

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Re: Paper fivers
« Reply #12 on: 22 February 2017, 17:41:51 »

Even if legal tender, any retail establishment has the right to refuse to take money.

You'll find many outlets won't accept Scottish notes, or £50 notes. That is their right.

Wouldn't happen to know where that's written in law would ya?  I always thought that it was the consumers responsibility to offer payment for goods rather than ensure payment was taken. Eg: I offered you legal tender, a £50 note, if you don't want to accept it I will still be leaving the shop with the goods. Your choice.  no?  :-\
Incorrect.  The contract does not take place until the goods are paid for.  Any payment can be refused, thus the contract does not take place.  Irrespective of legal tender or otherwise.

I usually refuse £50 notes....especially if the fare is nowhere near the £50 mark....

I will also refuse card payments if I can (which you could say is 'legal tender' as well) even tho I do have a card machine in the car and the fare gets increased to take account of the payment I have to make to the card company....

If you try to give me an AMEX card, I laugh at the idea!  ;)
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Ever Ready

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Re: Paper fivers
« Reply #13 on: 22 February 2017, 18:09:41 »

Only Bank of England notes and Royal Mint coins are legal tender.

It has a very narrow and technical meaning.

http://edu.bankofengland.co.uk/knowledgebank/what-is-legal-tender/

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Ever Ready

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Re: Paper fivers
« Reply #14 on: 22 February 2017, 18:12:19 »

Even if legal tender, any retail establishment has the right to refuse to take money.

You'll find many outlets won't accept Scottish notes, or £50 notes. That is their right.

Wouldn't happen to know where that's written in law would ya?  I always thought that it was the consumers responsibility to offer payment for goods rather than ensure payment was taken. Eg: I offered you legal tender, a £50 note, if you don't want to accept it I will still be leaving the shop with the goods. Your choice.  no?  :-\




From the Bank of England website F.A.Q.

Does legal tender status matter for everyday transactions?
No. Whether you pay with banknotes, coins, debit cards or anything else as payment is a decision between you and the other person involved in the transaction.
In addition, shops are not obliged to accept legal tender. If you hand over a £50 note to pay for a banana in your local grocery store, the staff are within their rights to choose not to accept it. Likewise for all other banknotes – it’s a matter of discretion.
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