Advice re refusal of a £50 note

mr_taffy_2

I was in my banc on Tuesday and they had a hand writen poster up saying they would not change or accept any £50 notes this week??? that means i will go overdrawn as i got paid a £1000 in them from a job i finised on monday.
Where do i stand????

willo65

If you were repaying a debt then a £50 could not be refused as it is legal tender however if you are buying something in a shop as it is not a debt they can refuse it.

Not sure where you would stand because you could see payment for your medicine as a debt once he has made up your prescription however as you have not received any goods or services yet its not technically a debt.

cagsy

dfh wrote: »

As usual another person making a mountain out of a molehill.

..and your comment is helpful because..........?

I've always found these forums useful and on the whole posters are generally very informed and offer great advice. I can imagine that there are those who are put off asking for advice because of comments such as those quoted above which are unecessary. Perhaps posters should check with you first, dfh to see if their questions meet with your approval?

Thank you to those who have politely taken the trouble to answer my original questions. I'm much more informed now and can see where I went wrong, for future reference.

sujac

When I was a store manager I used to make all my staff get any £50 note checked just to safeguard themselves. Also found the easiest way to double check any note was to check the non drying ink.

On every note there is a shape in the colour of the note (for the £50 it's a red triangle) if you rub this on another bit of paper some of the colour should transfer if its real. Obviously we would check the feel, strip, watermark and embossing too.

Jonesy_McJones

My understanding is that if a shop doesn't want to accept £50 notes then they have to display a sign to advise customers as such. But I don't know for certain how true this is...

vyle

cagsy wrote: »

This is what makes it so ridiculous. I'm a regular customer and work a few doors down from the chemist, my personal details were on the prescription, I offered him my photo ID, the other staff recognised me and he'd already accepted my custom and had proceded to dispense the medication!!! I'm laughing about it all now but yesterday I was quite annoyed, however I remained calm and polite throughout the entire fiasco and resisted the temptation to burst out laughing when he was standing there with the note in the air.

To be fair, whether you're regular or not, there's no telling where YOU got the £50 note from or if it was genuine. I've had fake £1 coins on me before without knowing until I went to pay. There's no reason to get offended because they're checking it's genuine, just like a postman shouldn't get offended if you check a parcel before accepting it.

Louisecharlotte

I don't get why shops don't just buy a fake money detector pen - they cost pittance and save loads of hassle! You just draw the pen across the note and if it's fake, it will draw a big brown line across it. If it's real, it doesn't leave a mark, simple!

I work in a shop for a very very well know tourist attraction in London (no names I'm afraid), and so I get £50 notes all the time, the pens are a god send!

Louisecharlotte

Also, this thread reminds me of Michael McIntyre...I think you'll find pal, that's LEGAL TENDER :rotfl::rotfl::rotfl::rotfl::rotfl:

biscit

mum2one wrote: »

A lot of shops have signs saying no £50 notes, as they are a shop, be it a corner shop or a chemist they can refuse what notes to accept, same for cheques and debit cards.

More often that not the £50 no rule is due to fake notes.

It's odd our attitude to £50s when on the continent cash machines routinely dish out E100 notes and they are accepted no problem.

Not sure what the attitude to £50s is in scotland, where the onlt legal tender is the £1 coin

As I understand it £50 notes are legal tender for any debt over £10. In any other situation it's down to the retailer.

Ironically the one place I have seen "No £50s" was a petrol station. If you've just put petrol in your car, I would think you have a debt to the petrol station, and legal tender applies!

adouglasmhor

theesel1994 wrote: »

I was in a pub in Darwen, Lancashire and handed over a Scottish £20 note. The person I handed it to looked a bit unsure if she could accept it and asked her superior. He said as long as it had "Pounds sterling" on it then it would be ok. I can understand their reluctance. I think there are three banks in Scotland that have their own notes. So if there are £5, £10 and £20 notes that's nine different bank notes to look out for. That's before you worry about higher denominations. I think there are even (old) Scottish £1 notes floating about. The £20 note I handed over I hadn't even seen before and I thought myself looked like monopoly money. They seem to change the style of notes too often. I'll be glad when most transactions are done electronically.

Then on top of that you have three Northern Irish banks also with their own notes. I had hastle a few years back using Norhtern Irish banknotes in Scotland. Before Euros came in I had an airhead checkout girl at Luton airport tell me they couldn't take Belfast ones but they could take Dublin ones?* The dizzy bìtch didn't even notice I had drunk my pint and eaten ¾ of my sarnie before she sent me away.

*She thought Dublin was in the UK and Belfast in another country, if I had some punth Eiran on me she would have got them - exchange was about 89p to the the pound back then.