Will UK banks accept Isle of Man currency?
Discussion
v8will said:
I got stiffed for 50 quid the last time I lodged some IOM money. That was in N.Ireland and we ain't fussy about money. Last time I accidentally handed over a northern bank 20 to a cashier in England much confusion followed......
They're idiots about it in shops in England. It fills me with such indignant venom that I actually save my NI notes to provoke an argument when they have to get their team leader to approve the money. f
kers. I even get it in Scotland sometimes where they're usually as free and easy as we are with their made-up notes. This subject boils my pish, it's like a slur on my country and brings out the righteous in me. Back on subject though, a bank will sell and buy currency from any country, why would IoM cash not be accepted?
Edited by Papa Hotel on Saturday 25th September 18:54
Yes they geneally will, but they don't have to, only Bank of England money is "Legal Tender" in England. IOM and Scottish and NI money etc is "Accepted Tender" which means most banks will take it but shops and banks can legally refuse it sono point getting self rightous about it all, as they are perfecty entitled to refuse to take it.
Somnophore said:
Yes they geneally will, but they don't have to, only Bank of England money is "Legal Tender" in England. IOM and Scottish and NI money etc is "Accepted Tender" which means most banks will take it but shops and banks can legally refuse it sono point getting self rightous about it all, as they are perfecty entitled to refuse to take it.
Are Scottish notes legal tender anywhere?Somnophore said:
Yes they geneally will, but they don't have to, only Bank of England money is "Legal Tender" in England. IOM and Scottish and NI money etc is "Accepted Tender" which means most banks will take it but shops and banks can legally refuse it sono point getting self rightous about it all, as they are perfecty entitled to refuse to take it.
"Legal tender" is, in practice, a largely useless concept. IIRC legal tender may be refused by shops and the like; all it does is give someone owing a debt a reasonable defence in court if a lender isn't happy with their method of repayment, i.e. creditors would be silly to moan about the use of legal tender to settle a debt, and would generally be told to shut up and take it. Note that the term only applies to the settlement of debt (not just loans - paying a restaurant bill would be included, for instance). So yes, as someone else said, it is very silly the way many react to notes not printed by the BoE.Dr Jekyll said:
Are Scottish notes legal tender anywhere?
No.ZondaMark said:
Somnophore said:
Yes they geneally will, but they don't have to, only Bank of England money is "Legal Tender" in England. IOM and Scottish and NI money etc is "Accepted Tender" which means most banks will take it but shops and banks can legally refuse it sono point getting self rightous about it all, as they are perfecty entitled to refuse to take it.
"Legal tender" is, in practice, a largely useless concept. IIRC legal tender may be refused by shops and the like; all it does is give someone owing a debt a reasonable defence in court if a lender isn't happy with their method of repayment, i.e. creditors would be silly to moan about the use of legal tender to settle a debt, and would generally be told to shut up and take it. Note that the term only applies to the settlement of debt (not just loans - paying a restaurant bill would be included, for instance). So yes, as someone else said, it is very silly the way many react to notes not printed by the BoE.Dr Jekyll said:
Are Scottish notes legal tender anywhere?
No.In reality yes, what fun I have had when the beer has already been delivered
Gassing Station | The Lounge | Top of Page | What's New | My Stuff