Are they allowed to do this?

[JCB123]

I returned home last night quite late and hving just collected £50 from a client thought I'd get myself some Kentuky Fried Nonsense....so I pulls in, orders my chicken and drive to the window to pay, where I handed the grease covered youth a £50 note....he looked at it and confirmed that they don't and can't accept £50 notes because of the number of forgeries in circulation...........

"It's not a forgerie, check it" I exclaimed

"I'm sorry sir, I can't accept this" he said

"bks" I said

And I drove off, hungry, but still with £50 in my pocket....

How are they allowed to refuse payment, don't they have UV things to check notes etc.....?

[Office_Monkey]

I would imagine they are allowed, you made an offer to buy something, they declined to sell it to you. Remember £50 notes aren't usually spent in KFC either

[Dupont666]

very few places outside of london will take a denomination that high, was worse during the days of £100 notes....

Its a lot for them to loose on one transaction

[JCB123]

But what about the fact that (assuming it is real) it is legal tender?

I though you could buy stuff with stamps if you wanted? (This may just be a myth BTW)

[Simond001]

Yes. Legal tender is currency that a creditor must accept from a debtor as settlement of a debt; it has no other meaning aside from in this specific context.

If you walk into a shop, they can accept or refuse whatever they like. They can demand payment in shiny beads if they want to, it's completely up to them. You don't owe them anything. On the other hand, if a court orders that you must pay someone some money and you hand over any legal tender note to settle that debt, they must accept it.

[Man-At-Arms]

any trader can refuse to accept £50 notes

but a bank must accept them as they are as mentioned above, legal tender
the bank is acting 'on behalf' of the Bank of England'

it does say on the note : 'I promise to pay the bearer on demand the sum of . . . '
signed by theBofE

[Jonny671]

Surely its money, you accept it?

I had someone pay £4 with a £50 last night.. Checked the watermark and gave the red ink triangle a rub on paper and all is good, no?

[JCB123]

Man-At-Arms said:

any trader can refuse to accept £50 notes

but a bank must accept them as they are as mentioned above, legal tender
the bank is acting 'on behalf' of the Bank of England'

it does say on the note : 'I promise to pay the bearer on demand the sum of . . . '
signed by theBofE

On what grounds does the trader have to refuse, out of interest? Other than the fact they can refuse to sell you anything they like.....

[Simond001]

JCB123 said:

Man-At-Arms said:

any trader can refuse to accept £50 notes

but a bank must accept them as they are as mentioned above, legal tender
the bank is acting 'on behalf' of the Bank of England'

it does say on the note : 'I promise to pay the bearer on demand the sum of . . . '
signed by theBofE

On what grounds does the trader have to refuse, out of interest? Other than the fact they can refuse to sell you anything they like.....

The trader doesnt have a contract to provide you goods. he therefore can refuse to selly ou whatever you want unless you can pay him in an acceptable form.

In Spearmint Rhino's its chips, in KFC it's £20 notes or less.

[Bibbs]

JCB123 said:

don't they have UV things to check notes etc.....?

There are no UV markings on the £50 note.

[JCB123]

Simond001 said:

In Spearmint Rhino's its chips, in KFC it's £20 notes or less.

Now THERE is a good night!

[TurboMills]

Dupont666 said:

very few places outside of london will take a denomination that high,

I have have never been told that I can't use a 50 pound note anywhere outside of London.

[Ganglandboss]

TurboMills said:

Dupont666 said:

very few places outside of london will take a denomination that high,

I have have never been told that I can't use a 50 pound note anywhere outside of London.

Really? I have seen plenty of signs in shops saying they don't accept them, especialy chippies, pubs, newsagents and even high street retailers.

[Dupont666]

TurboMills said:

Dupont666 said:

very few places outside of london will take a denomination that high,

I have have never been told that I can't use a 50 pound note anywhere outside of London.

Outside of London you are hard pressed to actually get them too, but you must be a special case... well done

[Los Palmas 7]

Outside of Londinium, we still use these:

[Jonny671]

Could it be that as I live in Surrey (Close to London obviously!) that shops have no problem accepting them?

I've never been turned away whilst using them and am only 19, though do get suspicious looks

[TurboMills]

Dupont666 said:

TurboMills said:

Dupont666 said:

very few places outside of london will take a denomination that high,

I have have never been told that I can't use a 50 pound note anywhere outside of London.

Outside of London you are hard pressed to actually get them too, but you must be a special case... well done

Please, don't make me laugh! Its probably because I don't look like a scrote that I've never had a problem, just a thought...

[M3CHA-MONK3Y]

I've seen quite a few shops with signs that say 'Due to the high number of forgeries, we no longer accept £50 notes'.
I imagine that as £50 notes are not very common and that £50 is a large hit to take in one go if said note is a forgery, it is easy to just not accept them.
I guess larger shops would take them, such as clothes shops and DIY places as £50+ is not an unusual spend and they have the equipment to check them.

[Asterix]

Here in Dubai we have a 1,000 Dirham note - about GBP 160 - that can be a little tricky in some shops but not often.

We also have AED 500 = 80 quid note and there is never a problem.

[shakotan]

Dupont666 said:

very few places outside of london will take a denomination that high, was worse during the days of £100 notes....

Its a lot for them to loose on one transaction

Lose.

Lose.

For fk's sake....

LOSE!!!!!