NI banknotes in England

Cotta

waltsalt wrote: »

It's as he says. They are not legal tender but they are legal currency. There is a difference.

What is the difference, I'm curious more than anything.

System

Cotta wrote: »

What is the difference, I'm curious more than anything.

http://www.acbi.org.uk/legal_position.php

Milko

Legal currency so stand your ground & make them take it.
Only had an issue in Banbury quite recently where I was buying a bottle of Lucozade (other energy drinks are available) & packet of gum. I tried paying with a BOI £5 note & the young Indian gentleman replied in quite broken English ... "no good, money no good".
I highlighted the "sterling" text on the note & insisted he take it but he refused saying "no UK, no good". He then got quite annoyed when I pointed out it was probably more UK than him. At this point the shop owner intervened & happily accepted the note when told the only alternative was a £50 note.
To be fair, it's a pet hate of mine.

System

He then got quite annoyed when I pointed out it was probably more UK than him

I bet that did wonders for interracial harmony

To be fair, it's a pet hate of mine.

Why? No notes are legal tender and it is up to the shopkeeper whether he will accept them and which ones he accepts.

duggan1

Cotta wrote: »

What is the difference, I'm curious more than anything.

In the UK, not a lot.

Generally speaking the term 'legal tender' only refers to the settlement of debt. Either party can refuse a method of payment in any transaction. Legal tender isn't the correct term for purchasing goods, and there isn't really a 'legal currency'. You could go into tesco and agree to pay for your shopping in turnips if you wanted. Entirely between you and tesco. Tesco simply agree to accept these bits of paper as a convenience, because they are backed up by a bank.

It's all a bit weird. Copper coins are only legal tender up to 20p etc. Only coins are legal tender in Scotland, not even BOE notes are legal tender there.

It's not really an issue though as most notes are an accepted form of payment throughout the UK. Don't be too hard on 'mainlanders' who look with suspicion on your local notes though. It's entirely possible they've never seen one before and don't know what to look for with regards to forgeries etc. If you get someone who won't take it ask them to discuss with their manager, who may well know about NI banknotes.

They are well within their rights to refuse, as they are to refuse Bank of England notes if they so desire.

homeboy

Thanks for the copious info! Won't take any chances, then.

qwert_yuiop

I've had the same bother with channel island notes in London.

Milko

!!!!!! wrote: »

I bet that did wonders for interracial harmony

Probably not but more of a point about his attitude & lack of knowledge regarding the currency.

!!!!!! wrote: »

Why? No notes are legal tender and it is up to the shopkeeper whether he will accept them and which ones he accepts.

Why? because as a business owner myself who often has to wait 3-6 months on customers paying, I'd be more than happy to accept immediate payment from my customers and even in a "foreign" currency as I've often have to.
For what it's worth, I stated legal currency & not "tender", as you previously highlighted. I could have paid him in stamps but I'm sure he'd have had an issues with that too.

System

Milko wrote: »

For what it's worth, I stated legal currency & not "tender", as you previously highlighted. I could have paid him in stamps but I'm sure he'd have had an issues with that too.

Well the Royal Mint disagree with you and I think I trust them more than you

While you are free to accept stamps as payment for a service or goods, there is no legal obligation for you to accept them when offered and you have no legal recourse if payment in stamps is refused!While you are free to accept stamps as payment for a service or goods, there is no legal obligation for you to accept them when offered and you have no legal recourse if payment in stamps is refused! -

http://blog.royalmint.com/are-stamps-legal-tender/

JulieElizabeth

Personally I would avoid all hassle and take out money over there