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Wilkinson's policy on old fivers and tenners
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just to comment on this. this must be a instore (poole store) thing as the branch i work at doesnt have signs up and still takes old fivers/tenners. also, no way would staff be given money/takings to change at the bank themsselves!!!! I bet the sign is a diy one made by an over zelous supervisor!!!
may be a dim wit store manager who can't be bothered providing a service to customers - if anyone has any old, however old, bank notes they can be exchanged at a bank for new ones. The store can't be bothered with any hastle - just want to take money - perhaps they used to work at Cineword :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:0 -
are they talking about the £5 and £10 notes withdrawn in 2003? (Stephenson and Dickens respectively).
if so, these are no longer legal tender, there is no reason why they should accept them, don't see the big deal.
If you've got them, exchange them at the Bank of England or try your local bank.0 -
moonrakerz is right. Have you actually read the page you have linked to?£1 worth of 2p's is not legal tender and can therefore be refused by a shop but what I have said is that legal tender cannot be refused, which is correct.Legal tender has a very narrow and technical meaning in the settlement of debts.
Unless you’re receiving goods from a shop on credit, you can never be a debtor. A shop is perfectly at liberty to say, for example, that they only accept payment using bank cards. You can think of situations where having to handle a lot of cash could be highly inconvenient. If you want to use the word ‘contract’, the shop can refuse to enter into a contract with you, if you don’t meet their requirements for payment.古池や蛙飛込む水の音0 -
moonrakerz is right. Have you actually read the page you have linked to?Legal tender has a very narrow and technical meaning in the settlement of debts.
You're correct, I didn't read the page as I was only posting it for the list on the right that explains what notes and coins (up to what value) are legal tender. It does make me screw up my face at the fact 20p in 1's is legal tender...who on earth ahs a debt of 20p? Even when the legislation was created 20p wasn't much.
...or for any other reason whatsoever, excluding reasons that are covered by discrimination legislation.If you want to use the word ‘contract’, the shop can refuse to enter into a contract with you, if you don’t meet their requirements for payment.Bought, not Brought0 -
Is the wrong answer. "Legal Tender" has a very specific meaning used for the settlement of court debts. When you buy something from a shop, this is not a court debt and so the seller & buyer can accept/refuse whatever payment methods they like. The seller is also under no obligation to give change.You're wrong here, anything that is deemed legal tender cannot be refused in settlement of a contract, In England and Wales all current BoE banknotes are legal tender. If a store agrees to sell something to you for £13 and you hand over a £20 note they cannot refuse it and demand you pay with 10p's, that's the whole principle and concept behind legal tender, that it cannot be refused. they can however refuse to give you change but that's a seperate issue.
http://www.royalmint.com/Corporate/BritishCoinage/LegalTenderGuidelines.aspx0 -
There was a thread some time back about legal tender, which is why I said what I did in my previous post.
I will repeat a rather silly/funny tale which I referred to previously.
A man in Scotland was in dispute with his Local Authority. Eventually he agreed to pay a sum of money to settle the debt. When he tried to pay, in Scottish bank notes, the Council refused to accept them on the grounds that they were not "legal tender". (Which Scottish notes are not)
The case then went to Court, where the Sheriff ruled that the Council:-
"were obliged to accept anything which was commonly accepted as "money", and that should their insistence on "legal tender" have been supported, it would have resulted in the bill being paid entirely in coins, which would have been a nonsense; stopping short of saying that the council would have been "cutting off their nose to spite their face", but seeming to hint at it."
This was of course a legal debt, to which the term legal tender quite correctly applied.0 -
The stores are probably influenced in their decision not to accept old tender by their cash handling companies - G4S, Brinks etc who probably don't sort enough old tender to make it worth their while in presenting the money back to the BofE.The man without a signature.0
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moonrakerz wrote: »There was a thread some time back about legal tender, which is why I said what I did in my previous post.
I will repeat a rather silly/funny tale which I referred to previously.
A man in Scotland was in dispute with his Local Authority. Eventually he agreed to pay a sum of money to settle the debt. When he tried to pay, in Scottish bank notes, the Council refused to accept them on the grounds that they were not "legal tender". (Which Scottish notes are not)
The case then went to Court, where the Sheriff ruled that the Council:-
"were obliged to accept anything which was commonly accepted as "money", and that should their insistence on "legal tender" have been supported, it would have resulted in the bill being paid entirely in coins, which would have been a nonsense; stopping short of saying that the council would have been "cutting off their nose to spite their face", but seeming to hint at it."
This was of course a legal debt, to which the term legal tender quite correctly applied.
No notes (Scottish Banks or Bank of England) are legal tender in Scotland, which is quite bizarre. Looked into this a little after being corrected about my misconception that legal tender must be accepted in shops and it's become apparent that as a result of decisions like those in the case above, the idea of legal tender doesn't really have any meaning anymore as when owed money as a debt you're expected to accept any reasonable attempt at payment, legal tender or not (as in your case above where that which is accepted as "money" should be acepted by the creditor or court) although obviosusly sheriff court decisions are not binding on future decisions.Bought, not Brought0 -
No notes (Scottish Banks or Bank of England) are legal tender in Scotland, which is quite bizarre.
Another bit of useless info on this subject.
When we had another inept Labour Government back in the 60s they passed a Law limiting the amount of money you could take out of the country because of the mess they had made.
People tried to get round this by taking Scottish notes as they weren't "legal tender".
The Govt then pointed out that the Law said currency which was, or had been, legal tender.
Apparently Scottish notes were legal tender during the Fist World War.0 -
well, i'm not wrong actually, 1p and 2ps are only legal tender up to the value of 20p (as you say) £1 worth of 2p's is not legal tender and can therefore be refused by a shop but what I have said is that legal tender cannot be refused, which is correct.
So I can refuse to serve the Romanians that come in trying to give me £1 worth of 1ps?
Need to remember that next time..."Beautiful young people are accidents of nature, But beautiful old people are works of art."
-- Eleanor Roosevelt0
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